Consumer inflation in Japan’s capital rises at fastest pace in 40 years

Consumer inflation in Japan’s capital rises at fastest pace in 40 years

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for 6th straight month Data underscores broadening inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and exceeded … Read more

Japan’s inflation hits 8-year high in test of BOJ’s dovish policy

Japan’s inflation hits 8-year high in test of BOJ’s dovish policy

Sept core CPI rises 3.0% yr/yr, matches forecast Core consumer inflation stays above BOJ goal for 6th month Data underscores broadening inflationary pressure BOJ seen keeping ultra-low interest rates on fragile economy TOKYO, Oct 21 (Reuters) – Japan’s core consumer inflation rate accelerated to a fresh eight-year high of 3.0% in September, challenging the central … Read more

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

SHANGHAI/BEIJING, Oct 17 (Reuters) – China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these banks sold a high volume of U.S. dollars and used a combination of swaps and spot trades. Six banking sources told Reuters the country’s major state-owned banks were spotted swapping … Read more

OPEC+ mulling largest cuts since 2020 crisis, sources say

OPEC+ mulling largest cuts since 2020 crisis, sources say

LONDON, Oct 3 (Reuters) – The OPEC+ group of oil producers is discussing output cuts of more than 1 million barrels per day (bpd), OPEC sources said, and voluntary cuts by individual members could come on top of that, making it their largest cut since 2020. The group is set to meet on Oct. 5 … Read more

Fed set for big rate hike as waters get choppy for world’s central banks

Fed set for big rate hike as waters get choppy for world’s central banks

Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo Register now for FREE unlimited access to Reuters.com Register Markets expect Fed to raise rates by 75 basis points Policy statement, projections due at 2 p.m. EDT (1800 GMT) Fed’s Powell to hold news conference WASHINGTON, Sept … Read more

Central banks will fail to tame inflation without better fiscal policy, study says

Central banks will fail to tame inflation without better fiscal policy, study says

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Register now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments … Read more

China cuts lending benchmarks to revive faltering economy

China cuts lending benchmarks to revive faltering economy

FILE PHOTO:Employees work on the production line of vehicle components during a government-organised media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 22 (Reuters) – China cut its benchmark lending rate … Read more

U.S. new home sales rebound in May; consumer sentiment at record low

U.S. new home sales rebound in May; consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com Register New home sales rebound 10.7% in May; April data revised up Median house price jumps 15.0% to … Read more

Germany risks recession as Russian gas crisis deepens

Germany risks recession as Russian gas crisis deepens

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing flows hinder efforts to refill … Read more