rise in price level in an economy over time
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/
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
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
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
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.
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
More Malaysians seeking jobs in Singapore amid weakening ringgit, inflation: Recruiters
channelnewsasia.com/singapore/malaysians-working-jobs-ringgit-inflation-manpower-employment-4265736
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.
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/
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
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UK passport price to rise for second time in just 14 months www.walesonline.co.uk/news/cost-of-living/uk-passport-price-rise-second-28970545
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/
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
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 www.reuters.com/markets/us/futures-slip-rate-cut-hopes-ebb-2024-04-11/
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/
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/
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
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 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
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
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.
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
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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
Thailand inflation fell by 0.47% in March for its sixth straight drop: BANGKOK -- Thailand's consumer price index fell by 0.47% in March from the previous ...
asia.nikkei.com/Economy/Thailand-inflation-fell-by-0.47-in-March-for-its-sixth-straight-drop
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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Job gains expected again in March. Here are all the things to look for in Friday's report
cnbc.com/2024/04/04/job-gains-expected-again-in-march-what-to-look-for-in-fridays-report.html
Former RBA boss warns Australian living standards in firing line: Philip Lowe says the current tax system is hurting Australia’s productivity ...
theage.com.au/business/the-economy/former-rba-boss-warns-australian-living-standards-in-firing-line-20240404-p5fhgo.html
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
Market price: Govt now moves to set rice price: Government takes initiative to set rice prices based on variety, aiming to curb inflation and ensure ...
en.prothomalo.com/business/local/kklmgtz1we
Pressure remains as Türkiye's inflation seen nearing 70% in March: Consumer price inflation in Türkiye is envisaged to have reached nearly 70% in March ...
dailysabah.com/business/economy/pressure-remains-as-turkiyes-inflation-seen-nearing-70-in-march
From April 1st 2024, you will need to dig deeper into your pocket to pay for medicines.
Know more here: www.indiatimes.com/worth/news/why-essential-medicines-set-to-get-costlier-from-1-april-631075.html
“We don’t need to be in a hurry to cut."Fed Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates during an ... Show more www.bloomberg.com/news/articles/2024-03-29/powell-says-latest-inflation-data-in-line-with-expectations
Quick Glance: US February Inflation Data Aligns with Fed's Expectations, Powell States
- The latest U.S. inflation data aligns with what the Federal Reserve wants to see, according to Federal Reserve Chair Jerome Powell. The personal consumption expenditures (PCE) price index data released on Friday matched expectations and showed less of a slowdown than last year. However, Powell emphasized that the February report did not undermine the Fed's baseline outlook.
- Some details of the PCE data showed improvements in inflation aspects considered important by the Fed, even though the overall numbers showed little progress in the first two months of the year. Last week, the Fed kept its benchmark overnight interest rate steady at 5.25%-5.50% and narrowly confirmed the baseline projection of a 0.75 percentage point rate decrease by the end of this year.
- Powell has had to reconcile expectations for rate cuts with data indicating a slowdown, if not a halt, in the improvement of inflation numbers in recent weeks. He stated that recent high inflation does not alter the overall narrative of easing price pressures, but acknowledged that the recent data cannot be completely dismissed as a sign of slowed progress.
The core consumer price index in Tokyo, an early indicator of nationwide figures, slowed to 2.4% on the year in March. A broader index that excludes volatile ... Show more www.reuters.com/markets/asia/tokyo-inflation-slows-march-clouding-rate-hike-outlook-2024-03-28/
Some Medicare beneficiaries may pay lower coinsurance rates from April 1 to June 30 for the drugs, HHS says.
BBC TV Licence fee to increase in days but who can still get one for free?: The cost of a TV licence is rising – here’s everything you need to know about the ...
lincsonline.co.uk/lifestyle/bbc-tv-licence-fee-to-increase-in-days-but-who-can-still-get-9359443/
Tokyo inflation slowdown, output slide clouds BOJ's rate hike outlook: Core inflation in Japan's capital slowed in March and factory output unexpectedly slid in ...
reuters.com/markets/asia/tokyo-inflation-slows-march-clouding-rate-hike-outlook-2024-03-28/
Japan's three main monetary authorities held an emergency meeting on Wednesday to discuss the weak yen. The Japanese central bank ended its negative interest ... Show more www.handelsblatt.com/finanzen/maerkte/schwacher-yen-japans-finanzministerium-stellt-intervention-am-devisenmarkt-in-aussicht/100027415.html
Here’s how much money you’ll get with the Inflation Reduction Act: If you're ready to electrify and want to know which Inflation Reduction Act rebates and ...
electrek.co/2024/03/27/inflation-reduction-act-calculator/
JUST IN: CBN raises interest rate: The committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant ...
premiumtimesng.com/business/business-news/681000-just-in-cbn-raises-interest-rate.html
Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
apnews.com/article/unemployment-claims-benefits-layoffs-jobs-economy-e57c4a244554722ef4b5707156c096dd
Quick Glance: RBA's Stance on Interest Rates Amid Rising Unemployment Risks
- The Reserve Bank considers both interest rate cuts and rises as unemployment risks increase.
- Contrary to expectations, the US Federal Reserve is not likely to cut rates, shifting focus to Australian rate cuts.
- Economic performance and job data are crucial factors influencing future monetary policy decisions.
- Investors and policymakers are adjusting strategies in anticipation of potential rate cuts and economic slowdown.
China Files WTO Complaint Against U.S. Over Electric-Vehicle Subsidies: Beijing says rules that require vehicles to use parts from specific regions to qualify ...
wsj.com/economy/trade/china-files-wto-complaint-against-u-s-over-electric-vehicle-subsidies-7c38d1e2
The conservative case for keeping the Inflation Reduction Act: The IRA adopted a market approach for the most part, relying on a series of tax credits along with ...
thehill.com/opinion/energy-environment/4538435-the-conservative-case-for-keeping-the-inflation-reduction-act/
Here’s why the Fed doesn’t see a US recession in coming years: America’s central bank doesn’t see any signs of a recession on the horizon. Not this year ...
cnn.com/2024/03/24/economy/stocks-week-ahead-fed-recession-coming-years/
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Sandbanks Ferry tolls increased to maximum amount possible www.bournemouthecho.co.uk/news/24208510.sandbanks-ferry-tolls-increase-april-1/
Why the Biden Administration Is Suing Apple and Investigating Big Grocers: John Cassidy writes about a new generation of trustbusters who are trying to use ...
newyorker.com/news/our-columnists/why-the-biden-administration-is-suing-apple-and-investigating-big-grocers
Singapore Feb core inflation accelerates to 7-month high amid Lunar New Year: Singapore's February core inflation accelerated to its fastest pace in seven months ...
reuters.com/world/asia-pacific/singapore-february-core-inflation-rises-36-yy-2024-03-25/
Inflation in Taiwan likely to hit 2.03% due to power rate hikes: DGBAS - Focus Taiwan
focustaiwan.tw/business/202403250007
The US Department of Justice and 15 states sued Apple, alleging it used the high demand for its iPhone and other products to drive up prices for its services ... Show more www.reuters.com/legal/us-takes-apple-antitrust-lawsuit-2024-03-21/
TAKING A BITE: Feds accuse Apple of violating antitrust law, saying "consumers should not have to pay higher prices."www.foxbusiness.com/technology/doj-sue-apple-antitrust-case-source-says
Stock Markets Today: BOE policy, Apple vs DOJ, UK consumers, Japan inflation: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-22/stock-markets-today-boe-policy-apple-vs-doj-uk-consumers-japan-inflation
"Apple's conduct leaves consumers with higher prices, fewer new products and a worse user experience"
Acting Associate Attorney General ... Show more news.sky.com/story/apple-has-kept-an-illegal-monopoly-over-smartphones-us-justice-department-claims-in-lawsuit-13099281
Government to give Taipower NT$100bn: Bringing Taiwan to the World and the World to Taiwan
taipeitimes.com/News/taiwan/archives/2024/03/22/2003815305
Federal Reserve March meeting: Rates hold steady, 3 cuts still forecast in '24: The Federal Reserve left interest rates unchanged and held to forecast of 3 rate ...
usatoday.com/story/money/2024/03/20/march-federal-reserve-meeting-live-updates/73027664007/
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
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