Global Inflation

To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy

German Finance Minister Christian Lindner, the meeting's host, told reporters ahead of the meeting that Ukraine will likely need a number of double-digit billion euros over the coming months

The 12th ministerial conference, the highest decision-making body of the WTO, is scheduled to meet on June 12-15 in Geneva

The rupee plunged by 25 paise to close at its lifetime low of 77.50 as the dollar touched a fresh two-decade high amid global risk-averse sentiment and a higher-than-expected US inflation

The consumer price index rose 0.3% last month, the smallest gain since last August, as Fed readies for more aggressive tightening

Spot gold was down 0.4% at $1,845.89 per ounce by 12:50 p.m. EDT (1650 GMT), after rising as much as 0.6% earlier in the session

Even without those future risks, median forecasts for global growth collected in this month's Reuters polls on over 45 economies were chopped to 3.5% this year

According to the latest official data, the inflation rate in Hungary stood at 8.5 per cent in March, well over the 3 per cent target set by the Hungarian National Bank (MNB)

Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023

World Bank President David Malpass said said that if the war continues, there will be record increases in food prices which would push hundreds of millions people into poverty and lower nutrition

The turning point was Russia's invasion of Ukraine, which triggered an upheaval in commodities markets.

Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.

We may need to be prepared for greater volatility in asset markets and no Fed riding to the rescue to save markets

On its part, the US has been battling a spike in inflation that hit 7.9 per cent in February - a four-decade high. The CPI has not been the highest since January 1982, when it hit 8.4 per cent

Hungary, Indonesia and Argentina have imposed trade barriers on agricultural exports

Consumer prices are already rising at their fastest pace in four decades, having jumped 7.5 per cent in January compared with 12 months earlier

Keep an eye on real interest rates: if they move up, gold may lose its sparkle

The head of the International Monetary Fund said it was "too early" to say if the world was facing a period of sustained inflation

Asian stocks tested 13-month lows on Friday, as fears about the Omicron variant of the coronavirus, inflation concerns and hawkish pivots by the world's major central banks

Asian stock markets and the US dollar struggled for traction on Friday after a rush of central bank meetings underlined the growing threat posed by a spike in global inflation