A highly-anticipated report released by the US Labour Department on Thursday showed that consumer prices increased by more than expected in May, as pent-up dema
A sustained spike in inflation would have “negative consequences” for markets and major banks, according Goldman Sachs Chief Financial Officer Stephen.
by economist Arthur Okun to provide a simple numeric measure of how the average Joe or Jane is doing economically. It is rather simple to calculate, without need of an advanced economics degree or proficiency in differential equations.
As a measure of overall hardship in the economy, or a way to quantitate discomfort, pain, or misery, depending on what the actual number is, it can be calculated quite easily.
It is the sum of the current seasonally adjusted unemployment plus the current inflation rate. One does not even need a calculator assuming one has a basic knowledge of arithmetic. Unless of course, one subscribes to CNN s Math is racist premise, in which case Don Lemon or Brian Stelter will need to review the simple calculation, not for accuracy but for wokeness.
(Adds comments from Banxico board member, economist)
MEXICO CITY, May 13 (Reuters) - Mexico’s central bank on Thursday kept its key interest rate steady in a unanimous decision by its five-member board that reflected growing concerns about the path of inflation and triggered speculation the next move would be a hike.
For the second meeting in a row, the Bank of Mexico, known locally as Banxico, kept the rate unchanged at 4.0%, after cutting it by 25 basis points in February.
Banxico said that inflation expectations for 2021 had risen since its last monetary policy meeting and that the balance of risks for prices had an upward bias.
Publishing date: May 13, 2021 • May 13, 2021 • 2 minute read •
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MEXICO CITY Mexico’s central bank on Thursday kept its key interest rate steady in a unanimous decision by its five-member board that reflected growing concerns about the path of inflation and triggered speculation the next move would be a hike.
For the second meeting in a row, the Bank of Mexico, known locally as Banxico, kept the rate unchanged at 4.0%, after cutting it by 25 basis points in February.
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Try refreshing your browser, or Mexico s central bank holds rates, some see hikes coming Back to video