Surge in prices of raw materials casts shadow on China
A wave of shutdowns and temporary production stoppages across Chinese factories due to surging costs of raw materials has raised concerns over inflation risks i
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A wave of shutdowns and temporary production stoppages across Chinese factories due to surging costs of raw materials has raised concerns over inflation risks i
Except for Adani Enterprises, all other stocks listed on Nifty Metal were trading on a bearish term.
Rising rent prices might lead inflation to normalize above the Fed's 2% target, Morgan Stanley said. That could pose a problem for the central bank.
Inflation fears can become self-reinforcing, so Summers saying it's worse than he thought could help drive a cycle leading to more inflation overall.
Still, the report said repeatedly that White House and Treasury officials are "worried" about the issue. The inflation debate has loomed large over the White House since before President Joe Biden was even inaugurated. The president unveiled a $1.9 trillion relief proposal in January, pitching the plan as an additional boost for the US economic recovery. Largely Democrat-affiliated economists have fiercely debated the inflation risks of such large deficit-financed spending, led by former Obama- and Clinton-administration official Larry Summers. Democrats largely backed the measure, saying the...