Fed Officials Tussle Over Practical Meaning Of New Inflation Policy

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WASHINGTON: Federal Reserve policymakers on Friday began fleshing out what their new tolerance for inflation will mean in practice, an issue critical to how investors and households reshape their own outlooks even if it may not be relevant to any immediate decisions by the U.S. central bank. The new policy, laid out in a … Read more Fed Officials Tussle Over Practical Meaning Of New Inflation Policy

Retail Inflation for Farm Workers, Rural Labourers Eases Marginally in August

A worker of a retail chain pushes a trolley loaded with onion bags at Manchar village in Pune. (Reuters)

A worker of a retail chain pushes a trolley loaded with onion bags at Manchar village in Pune. (Reuters) Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) was 6.39 per cent and 6.23 per cent respectively in August 2019, the labour ministry said. PTI … Read more Retail Inflation for Farm Workers, Rural Labourers Eases Marginally in August

Fed Vows To Keep Interest Rates Near Zero Until Inflation Rises

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WASHINGTON: The Federal Reserve kept interest rates pinned near zero on Wednesday and made a bold, new promise: to keep them there until inflation is on track to “moderately exceed” the U.S. central bank’s 2% inflation target “for some time.” The new guidance marks a monetary policy shift, first announced by the Fed last … Read more Fed Vows To Keep Interest Rates Near Zero Until Inflation Rises

Fed Keeps Interest Rates On Hold, Vows To Stay There Until Inflation Rises

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WASHINGTON: The Federal Reserve kept interest rates pinned near zero on Wednesday and promised to keep them there until inflation is on track to “moderately exceed” the U.S. central bank’s 2% inflation target “for some time.” The change in guidance is part of a monetary policy shift announced by the Fed last month that … Read more Fed Keeps Interest Rates On Hold, Vows To Stay There Until Inflation Rises

Fed Keeps Rates Steady, Pledges To Remain On Hold Until Inflation Rises

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WASHINGTON: The Federal Reserve kept interest rates pinned near zero on Wednesday and promised to keep them there until inflation is on track to “moderately exceed” the U.S. central bank’s 2% inflation target “for some time.” The change in guidance is part of the Fed’s monetary policy shift announced last month that is aimed … Read more Fed Keeps Rates Steady, Pledges To Remain On Hold Until Inflation Rises

Federal Reserve Adjusts Inflation Target, Rate Unchanged

FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on Wednesday, Sept. 16, also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. (Bill O

FILE – In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal … Read more Federal Reserve Adjusts Inflation Target, Rate Unchanged

UK Diner Discounts Push Inflation Down To Near 5-year Low

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LONDON: A hefty drop in meal prices, spurred by Britain’s scheme to support the hospitality sector through the COVID-19 pandemic, helped to push inflation down last month to its lowest rate in almost five years. Consumer prices rose by 0.2% in annual terms in August, the smallest increase since December 2015 and a sharp … Read more UK Diner Discounts Push Inflation Down To Near 5-year Low

Rate-Sensitive Stocks Rise Post Inflation Data

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ICICI Bank, HDFC Bank, M&M, Tata Steel and Hindalco gained around a per cent each on the NSE. Rate-sensitive stocks are witnessing buying interest in mid-morning trading on hopes that the current easing cycle is likely to continue for now as inflation remains above the RBI’s medium-term target range of 4-6 per cent. The NSE … Read more Rate-Sensitive Stocks Rise Post Inflation Data

Nifty Reclaims 11,500 After Inflation Data; Small-, Mid-Cap Stocks Jump

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Gains in financial, pharma and infra stocks supported the markets Domestic equity markets climbed up on Tuesday, a day after official data showed consumer inflation in the country eased slightly. Benchmark indices S&P BSE Sensex and NSE Nifty 50 climbed up 0.83 per cent each to 39,079.30 and 11,534.55 during the session respectively. Gains in financial, … Read more Nifty Reclaims 11,500 After Inflation Data; Small-, Mid-Cap Stocks Jump

Used Cars Drive U.S. Consumer Prices Higher; Inflation Pressures Firming

USA-ECONOMY:Used cars drive U.S. consumer prices higher; inflation pressures firming

WASHINGTON: U.S. consumer prices rose solidly in August, with the cost of used cars and trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19. The report from the Labor Department on Friday also showed a firming in underlying inflation last month, … Read more Used Cars Drive U.S. Consumer Prices Higher; Inflation Pressures Firming