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Tags : "Inflation"

Fed holds interest rates steady near zero, says economy is

The Federal Reserve held short-term borrowing rates near zero in a choice Thursday that characterised the economy as rising however not near the place it was earlier than the coronavirus pandemic hit. As markets extensively anticipated, the Fed stored its benchmark interest fee anchored in a variety between 0%-0.25%, the place it has been since […]Read More

Fed’s Bullard says ‘biggest growth quarter of all time’ will

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard offered an optimistic look on the U.S. economy, with “off the charts” growth that will help lift inflation. Bullard also said he sees the unemployment rate falling to 6.5% by the end of the year, an estimate well below the median projection […]Read More

How much will the wildfires cost?

By Jill Cowan The fires across the West have continued to burn, continued to kill people, and continued to incinerate homes and fill our air with smoke. Firefighters have continued to do the arduous, time-consuming work of containing explosive flames before they reach the places we most want to protect. It’s an all-consuming cycle — […]Read More

Canada’s inflation rate was 0.1% in August even as gas

Canada’s inflation rate was 0.1 per cent in August, Statistics Canada says, the same level it was at in July. Economists had been expecting the figure to come in at around 0.4 per cent, but gasoline and airline tickets dragged down the overall rate. Gas prices were down by 11.1 per cent in August, compared to […]Read More

In last meeting before election, the Fed could placate markets

Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters The Federal Reserve […]Read More

Why inflation doesn’t feel low and what you can do

Members of the media are often met with skepticism when covering the rate of inflation. On Wednesday, Statistics Canada issues its latest calculation of the consumer price index, and once again, there will be many who feel the figures simply don’t reflect the rising costs they face for daily necessities from food to housing. For […]Read More

Retail inflation to come down with easing of lockdowns, says

NEW DELHI: Attributing the rise in inflation to supply-side frictions, Chief Economic Adviser K V Subramanian has exuded confidence that retail inflation will come down in the days ahead with the easing of lockdowns. According to the government data, retail inflation rose to 6.93 per cent in July, mainly driven by rising prices of food […]Read More

View: It’s time for India to phase out lockdowns, give

Of all countries hit by Covid-19, India decreed the strictest lockdown as measured by Oxford University researchers. It also had among the smallest of fiscal stimuli, less than 2% of GDP. The result? India has suffered the greatest GDP crash among major economies (24%) in the April-June quarter. It also has one of the highest […]Read More