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WAGE PRICE SPIRAL
Fed's Lorie Logan sees no current inflationary pressure from wagesAccording to Dallas Federal Reserve President Lorie Logan, the labor market is not a contributing factor to current inflation. She highligh...- RBI MPC: A challenge Shaktikanta Das contained may be resurfacing againIndia's central bank, the RBI, confronts a new inflation challenge. Rising oil prices and supply disruptions threaten to undo recent progre...
- Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockadeIran faces severe economic hardship due to war and US sanctions. Prices for essentials like food and medicine have surged. Job losses and b...
- Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall StreetUS stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell...
- Term of the Day: Stagflationary Spiral — Meaning and economic conditions that lead to itTerm of the Day: A stagflationary spiral is a rare economic crisis where stagnant growth and high unemployment collide with surging prices....
- Largest transport strike in decades brings Germany to a standstill, leaves thoudands of international passengers strandedThe 24-hour walkout also affected cargo transport by rail and ship, as workers at the country's ports and waterways joined the strike. Many...
- Quick euro zone wage growth is just normal catch up, ECB's Lagarde saysLagarde said the ECB was monitoring wage growth "very, very closely" because it is a key driver of inflation but the current catch up proce...
- Jerome Powell puts US pay hikes at heart of Fed's 2023 inflation fightThe pivotal question for Fed officials is whether the climb in US pay over the past 18 months or so is a one-time bump - as companies adjus...
- European Central Bank may have to cool growth to control inflation, Lagarde saysAt 1.5%, the ECB's deposit rate is not far from the so-called neutral rate, where the bank is neither stimulating nor holding back growth. ...
- Tightening actions by central banks will help to prevent high inflation from becoming entrenched: IMFIn a report released ahead of the annual meeting of the International Monetary Fund (IMF) and the World Bank, the IMF said the current coin...
- Asian central banks to maintain gradual rate hiking pace: NomuraNomura said India’s terminal repo rate in this tightening cycle may rise to 6.1% by March 2023, against its earlier terminal rate projectio...
- Prospects of a global recession looms. Small businesses prepare for trial by fireTalk around the dreaded R-word (recession) is getting louder as inflation, geopolitical tensions and supply chain disruptions hammer the gl...
- Moderate rise in MSPs to add room for further rate cuts by RBIGovt move could temper inflation forecasts and if monsoon aids higher farm output, it would facilitate higher interest rate reductions, say...
- Kotak Securities says India unlikely to Generate 150 million new jobs in 10 yearsKotak estimates that 240 million people will join the working age population over the next 10 years, but it expects the country will add on...
- RBI committee voted in majority to raise repo in last monetary policyRBI's TAC voted in majority to raise the repo rate in the last monetary policy as wage-price spiral is leading to entrenched inflation expe...
- Muted MSP hike positive for food inflation: NomuraGovt last week raised the MSP of nine farm items, including some pulses and oilseeds, in the range of Rs 60-450 per quintal for the 2013-14...
- Consumption demand likely to stabilize from here on: Indranil Pan, Kotak Mahindra Bank"A lot of things need to give way and a lot of transmission channels need to be broken to bring down the inflation pressure. "
- Petrol price hike: Small impact on inflation, but big drag on moodThe increase in petrol prices will have only a small impact on the benchmark wholesale inflation, but may have a disproportionately large i...
- World Bank projects 9.5 pc growth for ChinaChina will grow at the rate of 9.5 per cent this year, the World Bank said in its quarterly report today.
- WB sees no wage-price spiral in ChinaChina's economic prospects remain good despite the frailty of the global recovery, while a spate of big pay increases is unlikely to touch ...
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