Major share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve
The dollar started the week with support as traders bet US inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates
Asian share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve
A key inflation measure closely watched by the US Federal Reserve increased at the fastest pace in 39 years in November, raising pressure on the central bank to tighten monetary policy.
With every trip to the grocery store and gas pump eating away a little more of their paychecks, people have less left over for discretionary purchases
The US Federal Reserve announced a faster tapering of the central bank's asset purchase program beginning in January amid the rising inflation.
The US Federal Reserve is expected to announce this week that the central bank will accelerate the pace of tapering asset purchases and prepare for raising interest rates in 2022
The data, along expected lines, puts added pressure on policymakers to withdraw pandemic-era stimulus at a faster pace in coming months
Asian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about Covid and ahead of key US inflation data
The US' annual inflation will remain above the Federal Reserve's target of 2 per cent over the next three years, according to a survey
The Omicron coronavirus variant threatens to fuel soaring inflation in the United States, Cleveland Federal Reserve Bank President said
Worries over surging inflation and a new variant of the coronavirus are roiling the US corporate junk bond market
US consumer spending rebounded by a solid 1.3 per cent in October despite inflation
Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation
The dollar rose on Thursday, hitting a 16-month high a day after the strongest US inflation reading in more than three decades
Bond yields were little changed as RBI assured ample liquidity conditions without trying to control the yields
The benchmark Sensex declined as much as 1.1 per cent, or 696 points, intra-day before recouping somewhat in the last hour
With the Fed determined to keep rates low while unemployment remains elevated, worries about out-of-control inflation are boosting gold's allure
Value shares, digital currencies, gold and bets on a flatter yield curve are seen as some of the potential beneficiaries from a higher inflation environment
Analysts said the sharp rise in U.S. government bond yields, including the 30-year Treasury passing 1.5%, was behind the dollar's jump