WASHINGTON: US consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. The consumer price index rose 0.2% for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the…
Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering a cut. India’s central bank governor Shaktikanta Das said an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by…
NEW DELHI: The meltdown in oil prices allows the government to shore up its finances by raising excise duty to partly absorb the windfall gains being made by fuel retailers and give relief to consumers by announcing a moderate reduction in petrol and diesel prices to tame inflation, BofA Securities, the investment banking division of…
Underlying US inflation eased for a fourth month on an annual basis in July, keeping the Federal Reserve on track to lower interest rates next month.The so-called core consumer price index — which excludes food and energy costs — increased 3.2% in July from a year ago, still the slowest pace since early 2021. The…
India’s inflation accelerated to a four-month high in June, justifying the central bank’s decision to keep interest rates higher for longer. The consumer price index rose 5.08% from a year earlier, compared with 4.75% in May, the Statistics Ministry said Friday. That’s faster than the median forecast of a 4.80% increase predicted by economists in…
