Page 4 - Us Inflation

Oil prices decline as dollar gains, US inflation data in spotlight

Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data

Asian stocks wallow at two-year lows; dollar wallops pound and yen

Asian stocks wallowed at two-year lows, after a strengthening dollar, instability in the UK bond market, and upcoming US inflation data spelled a wild session on Wall Street

Markets fall most in 2 weeks on rising yields; Sensex declines 844 points

The Nifty ended the session at 16,983 points, with a fall of 257 points, or 1.5 per cent

US economy may be entering 'new normal' after pandemic, says Jerome Powell

Powell and his colleagues are moving rapidly to reduce the highest inflation in nearly 40 years after being slow to spot the threat of broadening price pressures.

Cost of making a classic lunch at a US diner is 13% more now, shows data

Food costs in the US are up 11.4 per cent from a year ago, the most since 1979, and are a key driver behind the nation's 8.3 per cent overall inflation rate

S&P Global's chief economist expects Fed's fund rate to rise to 4%

This could result in a further rise in bond yields in major economies including India

Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine

CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)

Global stock markets can retest June 2022 lows, cautions Chris Wood

Most global markets have staged a smart recovery since their June 2022 lows. The S&P BSE Sensex has outperformed its peers with a rise of around 13 per cent since then

Global stocks, Wall Street futures lower amid inflation pressure

Global stocks and Wall Street futures fell on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated. Oil prices declined. Wall Street's benchmark S and P 500 index lost 1.1 per cent on Thursday, adding to declines after August inflation stayed near a four-decade high despite four interest rate hikes this year to slow the economy. On Thursday, US government data showed unemployment claims last week declined while August consumer sales rose. That gives ammunition to Federal Reserve officials who say the economy can tolerate more rate hikes. Wall Street's decline indicates no sign of relief for risk sentiments while the job market data provided the go-ahead for further tightening in monetary policy, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in London lost 0.3 per cent to 7,262.67 and the DAX in Frankfurt she

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike

Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors

US inflation sends markets on a wild ride; FPIs pull out Rs 1,400 crore

Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr

Jeff Bezos loses $10 billion overnight; Elon Musk takes a $8-billion hit

The S&P 500 fell 4.4 per cent, the most since June 2020, while the tech-heavy Nasdaq 100 tumbled 5.5 per cent

Global fund managers 'super bearish'; cash allocation at 20-year high: BofA

Global growth expectations, the survey findings suggest, were near all-time lows with a net 72 per cent respondents expecting a weaker economy in 2023

Rupee falls 30 paise against US dollar to 79.44 on hawkish Fed outlook

Rupee had opened at 79.60, but managed to claw back from its fall, helped by Indian shares recouping a large part of their losses

Chart check: Global markets crack but Sensex, Nifty may still hit new peaks

The underlying trend for the benchmark indices continues to be bullish given that the Sensex and the Nifty50 indices honor 59,000 and 17,700 levels, respectively

Dollar pushes towards 24-year peak versus yen after US inflation data

The dollar rose as high as 144.965 yen in the Asian session, taking it close to the high of 144.99 hit a week ago, a level not seen since August 1998

US consumer price growth unexpectedly rose in August to 8.3%

So-called core CPI, which strips out the more volatile food and energy components, advanced 0.6% from July and 6.3% from a year ago

Gold drops as higher US inflation bolsters dollar with rate hike looming

Spot gold prices dropped more than 1% after higher-than-expected U.S. inflation data, and were trading 1.6% lower at $1,697.30 per ounce by 9:10 a.m. ET (1310 GMT).

Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

'Scariest economics paper of 2022' forecasts huge lay-offs over next 2 yrs

The 'scariest economics paper of 2022' has warned that a high unemployment rate will be necessary to combat inflation and to bring it down to 2%