Page 32 - Latest Updates on Inflation
RBI's status quo policy may revolve around Covid-19 pandemic measures
RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement
 "RBI's status quo policy may revolve around Covid-19 pandemic measures")
A no-action policy with focus on growth
'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year
High level of taxation widens divergence in diesel inflation in WPI, CPI
Diesel retail prices are back to more than Rs 80 a litre in the national capital throughout this month and remain on an upward trajectory
 "High level of taxation widens divergence in diesel inflation in WPI, CPI")
Priority of public is Covid vaccines and inflation: Rahul Gandhi
Congress leader Rahul Gandhi on Thursday took a swipe at Prime Minister Narendra Modi's promise of 'achhe din' and said that while the priority of the public is vaccines and inflation
 "Priority of public is Covid vaccines and inflation: Rahul Gandhi")
Gold rises above $1,900/oz as dollar weakens, inflation jitters persist
Gold prices rose above the key psychological level of $1,900 per ounce on Wednesday, helped by a weaker dollar and growing inflation concerns after Federal Reserve officials maintained a dovish stance
 "Gold rises above $1,900/oz as dollar weakens, inflation jitters persist")
Asian shares up, US dollar wallows as Fed soothes inflation fears
Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance
 "Asian shares up, US dollar wallows as Fed soothes inflation fears")
Asia shares track Wall Street gains amid easing US inflation fears
Asian shares climbed in early trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes
 "Asia shares track Wall Street gains amid easing US inflation fears")
Biden betting on wage growth, while Republican party warns of inflation
The Biden administration recently gave a bit of simple advice to businesses that are unable to find workers: Offer them more money.
 "Biden betting on wage growth, while Republican party warns of inflation")
Oil prices fall on rising Covid-19 infections in Asia, inflation fears
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the U.S. Federal Reserve to raise interest rates
 "Oil prices fall on rising Covid-19 infections in Asia, inflation fears")
Asian shares slip, bitcoin extend losses as inflation worries linger
Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions
 "Asian shares slip, bitcoin extend losses as inflation worries linger")
Fed Reserve negotiating with itself on inflation as global economy recovers
Federal Reserve president James Bullard recently said that inflation is likely above 2% over the forecast horizon.
 "Fed Reserve negotiating with itself on inflation as global economy recovers")
Gold extends rally as weak dollar, inflation jitters lift appeal
Spot gold was up 0.2% at $1,869.12 per ounce by 0642 GMT
 "Gold extends rally as weak dollar, inflation jitters lift appeal")
Gold prices at 3.5 month high on weaker dollar, inflation anxiety
Gold prices on Tuesday rose to their highest in more than three months as a weaker US dollar and growing inflationary pressure lifted bullion's appeal as an inflation hedge
 "Gold prices at 3.5 month high on weaker dollar, inflation anxiety")
Digital cash could make inflation worse if central banks aren't cautious
Central banks in China and Sweden have fairly advanced plans to introduce currencies in electronic form for retail use.
 "Digital cash could make inflation worse if central banks aren't cautious")
Retailers set for earnings stage after inflation-sparked market turbulence
Stocks rebounded somewhat on Thursday and Friday, putting the S&P 500's gain for the year at more than 10%.
 "Retailers set for earnings stage after inflation-sparked market turbulence")
Commodity conundrum
Higher international prices will increase policy risks
 "Commodity conundrum")
Inflation angst bruises world stocks, Euro STOXX 600 declines 1.5%
Shock rise in US CPI stirs fear of Fed tapering; MSCI world equity index down 0.6%, set for fourth straight day of losses
 "Inflation angst bruises world stocks, Euro STOXX 600 declines 1.5%")
Global inflation concerns pull down markets; Sensex falls 471 points
The Nifty ended the session at 14,696, with a decline of 154 points, or 1 per cent.
 "Global inflation concerns pull down markets; Sensex falls 471 points")
Wall Street drops as strong April inflation data fuels rate hike bets
US consumer prices jump more than expected in April; Electronic Arts gains on upbeat revenue forecast
 "Wall Street drops as strong April inflation data fuels rate hike bets")
US federal reserve says inflation temporary, but markets unsure
Federal Reserve officials have advised that any pickup in inflation this year was bound to be transitory. Traders in financial markets, however, aren't so sure.
 "US federal reserve says inflation temporary, but markets unsure")
