Most of the time the flurry of economic statistics amounts to so much sound and fury, signifying nothing. But this week could be different. Wednesday’s inflation data could be a game-changer.
in the united states. but the bigger picture is that the fundamentals for the uk economy are actually very strong. we have had more greenfield foreign direct investment than anywhere in the world apart from united states and china since 2010. i was at a dinner in new york last night with big investors in the uk, every single one of them increasing their investment in the uk. the imf are saying this week that over the next six years, we will grow faster than any major european economy and faster than japan. there is some doubt now that the bank of england may not cut interest rates before the summer, may not cut interest rates before an election. they think that's the right thing to do — do you back them? of course i do, because i think it's right that we have an independent bank of england. they have to make a judgment. but what is interesting is at the budget, the obr said that we would hit our inflation target a year earlier than they thought. many commentators think we may still hit the bank of england's
While the non-food inflation elephant has returned to the jungle (RBI’s target), it is the food inflation elephant which is still outside it. | Latest News India
This was a big week for people who follow macroeconomic news. The Federal Reserve kept rates and the dot plot unchanged, but the press release was carefully worded to be opaque. We’ll explain why.
U.S. Federal Reserve officials say they are confident housing inflation will finally cool in coming months, a key and long-awaited component of their effort to control overall price increases and secure their turn to interest rate cuts. The real challenge on that front, however, may be just over the horizon when a pipeline of new apartments starts to run dry while the stock of single-family homes remains short, a recipe for future price pressure in a category accounting for about a third of the Consumer Price Index. Though their 2% inflation target uses an index that is less sensitive to shelter costs, Fed officials still see housing and rent dynamics as an important, unresolved part of their inflation battle, one that could highlight one of the inherent tensions in today's tight-credit policy stance.
A majority of the monetary policy committee’s members aligned with RBI governor Shaktikanta Das in voting for a status-quo on policy rates while continuing efforts to tame inflation