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Brazil s 2021 inflation outlook rises for 8th week, closing in on 4% -survey

The outlook for Brazilian inflation this year rose for an eighth straight week to a new high of 3.9%, a central bank survey of economists showed on Monday, while prospects for the real currency deteriorated. The average forecast for IPCA consumer price inflation at the end of this year rose from 3.8% a week ago, according to the latest weekly "FOCUS" survey of over 100 economists, rising further above the central bank's official goal of 3.75%. The central bank's target has a margin of error of 1.5 percentage point on either side.

In a Flash, U S Yields Hit 1 6%, Wreaking Havoc Across Markets

(Bloomberg) After weeks of grumbling, the world’s biggest bond market spoke loud and clear Thursday growth and inflation are moving higher. The message wreaked havoc across risk assets.Benchmark 10-year Treasury yields catapulted to the highest in more than a year at over 1.6% and traders yanked forward their opinion of how soon the Federal Reserve will be forced to tighten policy. Equities tumbled, as higher borrowing costs put pressure on soaring valuations. Even Treasury Secretary Janet Yellen felt the sting, with record low demand for a fresh round of government debt.Speculation is building that a year of emergency stimulus is not only working, but has left some areas of the economy at risk of one day overheating. Locked in the same patterns for months by the Covid-19 crisis, markets now appear to have begun a long-awaited process of repricing themselves, as trillions of dollars of federal spending and positive vaccine results boost odds developed countries will heal fas

Inflation Could Be Coming, Are You Ready?

February 23, 2021 Two-year inflation breakeven rate (the market’s future inflation view) is the highest in 12 years, raising the risk of an inflation surprise Inflation isn’t a problem now, but financial markets are saying it could be soon. Traders are pricing in the possibility that Consumer Price Inflation (CPI) leaps to 2.66% from 1.4% today, judging by the two-year breakeven rate which has staged a stunning turnaround and sits at its highest point since 2008. Content continues below advertisement Breakevens, a proxy for the CPI, are largely tracking the rise in oil prices, as energy is a large part of CPI. The key issue for fixed-income markets is whether inflation is more than just a jump in energy. Cornerstone Macro

Brazil s 2021 inflation outlook climbs to new high, above cenbank target -survey

Brazil s 2021 inflation outlook climbs to new high, above cenbank target -survey
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

Experts blame insecurity as inflation hits record 16 47%

Punch Newspapers Sections Nike Popoola Despite the opening of the country’s borders, the composite food index rose by 20.57 per cent in January 2021 from 19.56 per cent in December 2020. This accounted for the bulk of the country’s inflation rate which rose from 15.75 per cent in December 2020 to 16.47 per cent in January 2021. This figure is the highest since April 2017, according to figures disclosed by the National Bureau of Statistics in its Consumer Price Inflation report for January which was released on Tuesday. Experts have blamed this on rising insecurity in the country which had endangered the lives of farmers and leading to food scarcity.

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