The Fed next week is expected to slow what's been a blistering pace of interest rate increases this year, with Powell telegraphing a half-of-a-percentage point increase in the policy rate, to a range of 4.25-4.5 percent
While wealthier consumers can rely on savings built up during pandemic lockdowns, others struggle to make ends meet and a growing number rely on food banks
Futures trades suggest a 77 percent chance the Fed will raise interest rates by 50 basis points next week, with a 23 percent chance of a 75-basis point hike, with those odds little changed after Friday's economic data
The dollar edged higher against the euro on Friday after producer inflation data for November came in slightly hotter than expected, casting doubts on whether the US Federal Reserve will slow its pace of interest rate hikes when it meets next week.
The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.
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Data on November retail inflation and October industrial growth will be released on Monday
Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far, taking it to 6.25%.
Presently there is a "phenomenal" amount of inflation, hence FMCG volume growth in rural areas is "muted" and the bulk of the growth is inflation lead, he said in a panel discussion at an event organised by industry body CII.
US yield curve is at its most inverted since 1981 in sign investors see recession on horizon
The data shows that the relation between the policy rate, inflation and growth is very different now than before the pandemic
The RBI survey’s Future Expectations Index for November 2022 is higher than its level in November 2019
In his remarks Putin said the risk of a nuclear war was growing - the latest in a series of such warnings apparently meant to deter Kyiv's Western backers from more robust involvement - but that Russia would not threaten recklessly to use such weapons
Crude has weakened this month, shedding all of the year’s gains, as central banks tighten monetary policy and the macroeconomic outlook sours
For the benchmark S&P 500, it was the fifth straight session that it has declined, while the Nasdaq finished down for the fourth time in a row. The Dow snapped a two-session losing streak, as it ended unchanged from the previous day
Earlier in the day, the Reserve Bank of India's Monetary Policy Committee (MPC), in a 5:1 decision, delivered a market-expected 35 bps repo rate hike, taking the key policy rate to 6.25 per cent.
Nomura's forecast comes on the day RBI raised the repo rate for the fifth time in eight months and cut GDP growth forecast for FY23 by 20 basis points to 6.8 percent
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RBI Governor Shaktikanta Das on December 7 announced that five out of six members of the MPC opted to go for a hike in the rate during the meeting.
The Indian economy remains resilient, drawing strength from its macroeconomic fundamentals, says RBI Governor Shaktikanta Das and assures that the RBI will be watchful of the MPC policy's impact and be ready to act as may be necessary
We will keep Arjuna's eye on inflation and we will be ready to act. Our actions will be nimble
“The battle against inflation is not over”, Das said today while announcing a 35-basis-point increase in the repo rate to 6.25 percent.
The results of the assembly elections in Gujarat and Himachal Pradesh are also likely to play out during the start of the session.
Leaders from all major parties attended the meeting convened by the central government to discuss the legislative agenda and the issues likely to be discussed during the the Winter Session of Parliament that begins on December 7.
Free-spending governments are being punished if they don’t abandon unorthodox policy