rise in price level in an economy over time
The Fed’s preferred inflation gauge just moved in the wrong direction: Inflation remained stubbornly high last month.
cnn.com/2024/04/26/economy/pce-inflation-spending-march/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
Nominal wages in Switzerland rose by 1.7 percent in 2023. At the same time, inflation rose by 2.1 percent. The purchasing power of wages therefore fell by 0 ... Show more
Korean economy grows but public feels little effect : The surprise growth of the Korean economy in the first quarter of this year appears not to be felt by the ...
koreatimes.co.kr/www/biz/2024/04/126_373557.html
Today in Switzerland: A roundup of the latest news on Friday: Foreigners worried about a letter revoking their residency rights; Swiss salaries are higher but ...
thelocal.ch/20240426/today-in-switzerland-a-roundup-of-the-latest-news-on-friday-137
Vegetable prices to be elevated due to heat wave till June: Crisil: The Meteorological Department expects above-normal temperatures till June ...
financialexpress.com/policy/economy-vegetable-prices-to-be-elevated-due-to-heat-wave-till-june-crisil-3468832/
FTC chief says tech advancements risk health care price fixing: Price fixing removes competition from the market and generally makes goods and services more ...
bostonherald.com/2024/04/25/ftc-chief-says-tech-advancements-risk-health-care-price-fixing/
Cost of borrowing continues to rise – IMF: IMF advises the affected countries that adapting to these challenges requires a resolute package of strong domestic ...
monitor.co.ug/uganda/news/national/cost-of-borrowing-continues-to-rise-imf-4603202
Foreigners take advantage of weak yen to feast on pricey dishesForeigners take advantage of weak yen to feast on pricey dishes | The Asahi Shimbun: Breaking News, Japan News and Analysis
Oil prices up over fall in US stockpiles and Middle East tensions: Decrease in US commercial crude oil stocks and tensions in Middle East support higher prices
yenisafak.com/en/news/oil-prices-up-over-fall-in-us-stockpiles-and-middle-east-tensions-3682072
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Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?
theguardian.com/australia-news/2024/apr/25/does-australias-higher-than-forecast-36-inflation-dash-hopes-for-an-interest-rate-cut
Social Security’s COLA formula could change under new proposal: Using a different index to measure Social Security’s cost-of-living adjustment could better ...
marketwatch.com/story/social-securitys-cola-formula-could-change-under-new-proposal-and-mean-higher-benefits-for-seniors-6922097c
Advanced Durable Goods Shipments March 2024: Pushing Fed Further To Sideline: Real Advanced Durable Goods Shipments grew by 0.28% in March, with growth in Real ...
seekingalpha.com/article/4685656-advanced-durable-goods-shipments-march-2024-pushing-fed-further-to-sideline
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Singapore core inflation eases more than expected to 3.1% in March: Both core and overall inflation dipped from the previous month and came in well below analyst ...
straitstimes.com/business/singapore-core-inflation-eases-more-than-expected-to-31-in-march
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
What the cost of insulin may mean for Biden's campaign: President Joe Biden frequently cites insulin prices as he promotes a $35 price cap for Americans with ...
apnews.com/article/biden-insulin-prices-cap-campaign-impact-f969191c3c5178c91cc973a1b89c2200
Vodafone: Ten million customers can join in class action: The price increases for Vodafone's fixed network in 2023 could be ineffective. Consumers can now ...
faz.net/aktuell/wirtschaft/vodafone-zehn-millionen-kunden-koennen-bei-sammelklage-mitmachen-19674449.html
Milei trumpets quarterly budget surplus in TV address: President announces Argentina’s first quarterly fiscal surplus since 2008 during a televised speech ...
batimes.com.ar/news/argentina/milei-trumpets-quarterly-budget-surplus-in-argentina-tv-address.phtml
Basic tax-free allowance: 244,000 pensioners do not have to pay taxes: The basic tax-free allowance was increased at the turn of the year to compensate for ...
zdf.de/nachrichten/wirtschaft/rentner-deutschland-steuern-grundfreibetrag-100.html
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750
Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
More Malaysians seeking jobs in Singapore amid weakening ringgit, inflation: Recruiters
channelnewsasia.com/singapore/malaysians-working-jobs-ringgit-inflation-manpower-employment-4265736
Social Security's COLA estimate rises. But seniors could struggle as inflation heats up.
usatoday.com/story/money/personalfinance/2024/04/10/2025-cola-estimate-higher-inflation-social-security/73272852007/
Businesses urged to help as UK unemployment jumps: The number of people out of work rose higher than some economists were expecting
business-live.co.uk/economic-development/businesses-urged-help-uk-unemployment-29003255
Services sector key to Singapore's 2024 growth: Experts believe Singapore has arrived at “safe harbours” and will see further acceleration to its gross ...
sbr.com.sg/economy/in-focus/services-sector-key-singapores-2024-growth
Biden administration raises costs to drill on public lands: The Interior Department finalized a rule Friday making it more expensive for oil and gas producers to ...
thehill.com/policy/energy-environment/4590251-biden-administation-raises-costs-drill-public-lands/
Quick Glance: Biden Raises Drilling Costs on Federal Lands, Trump Courts Oil Donors
- The Biden administration has finalized a new rule requiring oil companies to pay at least ten times more for drilling on federal lands to generate more revenue for taxpayers.
- While Trump discusses easing drilling regulations with energy executives, the US is historically pumping a lot of crude oil, complicating regulations for Trump and Biden's climate agenda.
- The rule mandates higher bonds and royalties for fossil fuels on federal lands to better compensate taxpayers and cover the costs of cleaning up abandoned wells.
- In addition to reshaping fossil fuel production on federal lands, the administration has advanced renewable energy development on these tracts and significantly reduced rents and fees for clean energy projects.
Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.
axios.com/2024/04/10/march-cpi-food-inflation
Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
- UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.
- Ocado and Lidl show the most improvements, while Morrisons has the largest gap.
- Hourly pay differences are reported by government service.
- Equality initiatives and workplace improvements at M&S and Co-op.
Faeser on crime statistics: “Start with social causes”: Even before the statistics were presented, the numbers caused discussion: more crimes were registered in ...
tagesschau.de/inland/innenpolitik/polizeiliche-kriminalstatistik-2023-100.html
Police crime statistics 2023: Federal Criminal Police Office explains increase in crimes involving Corona, inflation and immigration
spiegel.de/panorama/justiz/kriminalstatistik-anstieg-der-straftaten-2023-bka-nennt-corona-inflation-und-zuwanderung-als-gruende-a-2d24a9e1-2891-40cc-871e-4b53ec3a14d9
Quick Glance: Crime Statistics in Germany: Reliability and Interpretations
- The 'Polizeiliche Kriminalstatistik' (PKS) has been published since 1953 with varying reliability of data.
- PKS provides data on processed crimes, but not on legal outcomes.
- PKS can only capture reported cases, not all crimes - dark field remains unaccounted for.
- Foreigner crime: term used as fear-mongering, no clear correlation between origin and criminality.
UK passport price to rise for second time in just 14 months UK passport price to rise for second time in just 14 months - Teesside Live
S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical Tensions: Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great ...
bloomberg.com/news/articles/2024-04-12/risk-addicted-wall-street-funds-are-shaken-as-bad-news-piles-up
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How immigrants are helping boost the U.S. job market without affecting inflation: Blockbuster jobs growth continues to power the U.S. economy, with the BLS ...
nbcnews.com/business/economy/immigrants-are-helping-us-job-market-grow-without-affecting-inflation-rcna146570
Singapore Central Bank MAS Keeps Policy Unchanged on Inflation Risks: Singapore’s central bank kept its monetary policy settings unchanged for a fourth straight ...
bloomberg.com/news/articles/2024-04-12/singapore-central-bank-keeps-policy-unchanged-on-inflation-risks
Paid articlePaid Swedish Core Inflation Slower Than Expected as Rates Easing Approaches: Sweden’s underlying inflation rate fell more than expected in March, leaving the door ...
bloomberg.com/news/articles/2024-04-12/swedish-core-inflation-slower-than-expected-as-easing-approaches
Paid articlePaid
How criminal gangs are cashing in on crazy olive oil prices: From fake products to stolen goods, criminals are making the most of the rising cost of olive oil
metro.co.uk/2024/04/12/criminal-gangs-cashing-crazy-olive-oil-prices-20630801/
US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-1e456b8df0e11b218ed50f1ead6f6797
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
Jobseeker not enough to cover cost of living increases, report claims: Anglicare Australia warns that the poorest are being "pushed deeper into ...
9news.com.au/national/jobseeker-not-enough-to-cover-basic-cost-of-living-anglicare-report-finds/11159ef1-f101-4e6c-8174-7da58e5967d2
New 2025 Social Security COLA Estimate Released: The new prediction for 2025 is set at 3 percent due to higher-than-expected inflation numbers.
newsweek.com/new-cola-social-security-payment-estimate-1889525
Japan inflation to slow slightly, but cost-push pressures drag on consumption: Japan's annual core consumer price growth is expected to have slowed slightly ...
reuters.com/markets/asia/japan-inflation-slow-slightly-cost-push-pressures-drag-consumption-2024-04-12/
Light wind in dollar's sails after bumper US payrolls: The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S ...
reuters.com/markets/currencies/light-wind-dollars-sails-after-bumper-us-payrolls-2024-04-08/
ADB highlights 'political unrest' among key hurdles to economic stability in Pakistan
thenews.com.pk/latest/1177527-adb-highlights-political-unrest-among-key-hurdles-to-economic-stability-in-pakistan
Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
Yen sinks to new 34-year low against greenback after hot US inflation data: Traders on alert for Japan intervention to prop up the yen.
straitstimes.com/business/yen-sinks-to-new-34-year-low-against-greenback-after-hotter-than-expected-us-inflation-data
Why there is not about to be a house price boom: Getting a mortgage to buy a home is still not possible for vast numbers of people
inews.co.uk/opinion/why-not-house-price-boom-3001815
Los Angeles Prices Jump 4% as Inflation Reignites in Some Cities: Los Angeles is seeing the biggest price gains in more than a year as inflation reawakens across ...
bloomberg.com/news/articles/2024-04-10/los-angeles-prices-jump-4-as-inflation-reignites-in-some-cities
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UK passport cost: What’s the current price following second fee hike in just 14 months?
independent.co.uk/travel/news-and-advice/passport-cost-uk-price-rise-renew-application-b2526986.html
Singapore Set to Keep Monetary Policy Tight, May Ease in October: Singapore’s central bank will likely maintain tight monetary policy settings for a fourth ...
bloomberg.com/news/articles/2024-04-10/singapore-set-to-keep-monetary-policy-tight-may-ease-in-october
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Inflation : les nouvelles données sont un bon signal pour les consommateurs: Plus que 2,2 % ! Selon une première estimation, l'inflation a de nouveau ...
focus.de/finanzen/news/gespenst-der-inflation-verliert-an-schrecken-endlich-erloesung-neue-inflationsdaten-sind-ein-gutes-signal-fuer-verbraucher_id_259817068.html
Quick Glance: Inflation down in German states, signaling national decline
- Inflation fell in six economically essential German states in March, indicating that national inflation will continue its downward trend.
- Economists will closely monitor national inflation data as Germany releases its figures a day before the Eurozone inflation data on Wednesday.
- German companies expected the lowest prices in three years in March, with forecasts of inflation falling below the European Central Bank's target in the upcoming months.
- An increasing number of ECB policymakers have backed rate cuts, with a June meeting appearing as the most probable time for action, although a meeting is also scheduled for this month.
Where are high prices hitting American families the hardest?: Inflation climbed faster than expected in March thanks to an uptick in the cost of rent ...
foxbusiness.com/economy/where-are-high-prices-hitting-american-families-hardest
Argentina police used water cannons to disperse demonstrators in Buenos Aires protesting against President Javier Milei's austerity measures ... Show more
Stocks on Wall Street got a boost after fresh economic data rekindled hopes that inflation remains in a downward trend. The Dow remained steady ... Show more
S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings | Reuters
S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings | Reuters
Allegra Stratton: Robocops Tackle Shoplifting: Tesco is predicting better times ahead for shoppers. Our story today shows that Britain’s largest grocer believes ...
bloomberg.com/news/newsletters/2024-04-10/allegra-stratton-robocops-tackle-shoplifting
Harrow CEO tries to defend 486% price hike of eye medication: In February, Harrow increased the price of its eye medication, Triesence, by 486% to $944 from $161
qz.com/harrow-triesence-price-hike-1851401621
India likely to get normal monsoon this year: Private forecaster Skymet: Monsoon 2024 Forecast: Seasonal rains expected to be 102% of the long-period average of ...
business-standard.com/economy/news/india-likely-to-get-normal-monsoon-this-year-private-forecaster-skymet-124040900307_1.html
If college costs so much, why are grad student workers paid so little?: The ongoing graduate workers' strike at Boston University has shone a spotlight on how ...
bostonglobe.com/2024/04/10/business/boston-university-grad-student-strike-college-costs/
Bonds Primed for Post-CPI Squeeze With Treasury Traders Turning Bearish: Treasury bond traders have turned so bearish ahead of a key inflation report that they ...
bloomberg.com/news/articles/2024-04-09/barrage-of-short-wagers-leaves-bonds-primed-for-post-cpi-squeeze
Paid articlePaid Today in Norway: A roundup of the latest news on Wednesday: Inflation in Norway at more manageable levels, construction talks go to mediation ...
thelocal.no/20240410/today-in-norway-a-roundup-of-the-latest-news-on-wednesday-148
Americans Still Seeing Food Inflation at Restaurants, USDA Says: US inflation for food consumed at home has started to level off, but prices are still going up ...
bloomberg.com/news/articles/2024-04-09/americans-still-seeing-food-inflation-at-restaurants-usda-says
Crime statistics: More violence and young suspects - Police are looking for explanations
rundschau-online.de/welt/kriminalitaet-mehr-gewalt-und-junge-taeter-polizei-sucht-erklaerungen-772405
Singapore set to keep monetary policy unchanged as price risks linger: Analysts expect MAS to hold off from easing its Singdollar settings until inflation starts ...
straitstimes.com/business/singapore-set-to-keep-monetary-policy-unchanged-as-price-risks-linger
Philippine CB keeps rates steady at 6.5 per cent, flags delay to cuts: The Philippine central bank kept its benchmark rate steady at 6.5 per cent for a fourth ...
gulftoday.ae/business/2024/04/08/philippine-cb-keeps-rates-steady-at-65-per-cent-flags-delay-to-cuts
Have Drug Prices Dropped As Much As Joe Biden Claims?: Most Medicare users paid less than $400 for insulin before the price cap.
newsweek.com/biden-insulin-price-drop-medicare-claims-analysis-1887969
Supermarket prices under pressure in new grocery code: Treasurer Jim Chalmers said the government would reform competition rules for supermarkets to drive down ...
theage.com.au/politics/federal/supermarket-prices-under-pressure-in-new-grocery-code-20240408-p5fi39.html
Japan real wages fall for 23rd straight month in Feb: Japanese workers' real wages fell in February for a 23rd consecutive month, data showed on Monday ...
reuters.com/markets/asia/japan-real-wages-fall-23rd-straight-month-feb-2024-04-07/
10Y T-Bond Yield Likely To Rise Above The 5% Level: The iShares 20+ Year Treasury Bond ETF is the most popular Treasury Bond ETF. Find out why the TLT price is ...
seekingalpha.com/article/4682681-10y-t-bond-yield-likely-to-rise-above-the-5-percent-level
Paid articlePaid Reports say grocery prices are on the rise despite reports that inflation is cooling
foxbusiness.com/small-business/reports-grocery-prices-rise-despite-reports-inflation-cooling
University now costs more than $90,000 a year at some US schools: Getting a degree can now cost over $90,000 a year at some US universities ...
businessinsider.com/cost-us-universities-wildly-expensive-education-tuition-fees-america-2024-3
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DA rules out rice price cap amid inflation: The Department of Agriculture (DA) on Saturday ruled out imposing another price cap on regular and well-milled rice ...
news.abs-cbn.com/business/2024/4/6/da-rules-out-rice-price-cap-amid-inflation-1918
Elephant continues its rampage: Elephant continues its rampage
deccanherald.com/opinion/elephant-continues-its-rampage-2970291
Special team deployed to find Quiboloy | The wRap: Today’s headlines: Apollo Quiboloy, US & Israel, FELIP
rappler.com/video/daily-wrap/april-5-2024/
Staff at UK statistics office vote for strike action: Staff at Britain's official statistics agency, which publishes economic data such as inflation and economic ...
reuters.com/world/uk/staff-uk-statistics-office-vote-strike-action-2024-04-05/
Mohamed El-Erian Says 'Overly Data Dependent' Federal Reserve Has 'Turned Into A Play-By-Play Commentator
benzinga.com/analyst-ratings/analyst-color/24/04/38110452/mohamed-el-erian-says-overly-data-dependent-federal-reserve-has-turned-into-a-play-
US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
apnews.com/article/economy-growth-inflation-gdp-consumers-spending-rates-f7a7def8b17cff965a02c6d531582c49
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