Tag: Inflation

• Thursday, September 22nd 2022 - 09:04 UTC

  Fed's Powell and the unfortunate costs of reducing inflation: third 75 basis points interest rate hike

  

  Challenged by the highest level of inflation experienced in the US in over 40 years, the Federal Reserve decided on Wednesday a third consecutive interest rate hike of 75 basis points, bringing the benchmark rate up to a range of 3.0% to 3.25% from 2.25% to 2.50%.

• Tuesday, September 20th 2022 - 10:18 UTC

  US Fed and UK BoE expected to hike interest rates this week, but how far?

  

  The United States Federal Reserve and the Bank of England this week are scheduled to hike interest rates steeply again in a bid to tame inflation. The two central banks are expected to look through recession fears and continue their fight against extraordinary price rises.

• Thursday, September 15th 2022 - 10:15 UTC

  Fuel prices help tame, slightly, UK August inflation but food prices keep soaring

  

  The United Kingdom consumer price index rose 9.9% annually in August, compared to 10,1% in July, according to estimates published on Wednesday by the Office for National Statistics, below a consensus forecast of 10.2%, but food prices continued to rise at its fastest pace since 2008.

• Tuesday, September 6th 2022 - 09:58 UTC

  Uruguayan FM off to brokering Mercosur deal approval with EU

  

  Uruguayan Foreign Minister Francisco Bustillo is off on a European tour seeking to further develop his country's trade ties as the last inflation index showed the government of President Luis Lacalle Pou was already above its 2022 targets.

• Saturday, August 27th 2022 - 09:51 UTC

  Federal Reserve pledges to keep lowering inflation, “until we are confident the job is done”

  

  The chairman of the Federal Reserve, Jerome Powell said on Friday that the job of lowering inflation is not done, and “we will keep at it until we are confident the job is done”. Powell was speaking at the Fed's annual conference in Jackson Hole, Wyoming, an event closely followed by markets and pundits, trying to anticipate future actions.

• Wednesday, August 24th 2022 - 09:31 UTC

  Inflation in Argentina hits working-class neighborhoods harder

  

  According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.

• Wednesday, August 17th 2022 - 09:01 UTC

  US: Biden signs Inflation Reduction Act into law

  

  US President Joseph Biden Tuesday signed into law his Inflation Reduction Act concerning growing prices inflation, climate change, and other targets, which. He said it was one of the ”most significant laws in our history.

• Saturday, August 13th 2022 - 03:32 UTC

  Former Economy Minister wants Argentines to retire older

  

  Former Argentine Economy Minister Nicolás Dujovne said people should retire at age 68, regardless of their sex, in a country where under current legislation men do so at 65 and women at 60.

• Friday, August 12th 2022 - 10:30 UTC

  Hectic July shoots up Argentina's inflation

  

  After having almost three economy ministers in one month, it was no surprise to see Thursday that July's inflation was the highest since 2002, as the National Institute of Statistics and Census (Indec) released its latest report.

• Friday, August 12th 2022 - 09:32 UTC

  BCRA raises interest rates to bring down inflation projections

  

  Argentina's Central Bank (BCRA) Thursday decided on a sharp rise in interest rates to calm down inflation projections. The measure was taken before data for July 2022 was released later in the day.