Page 13 - Us Inflation
Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report
From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report
 "Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report")
US Prez Biden dismisses fear of recession even as GDP doubles down
Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession
US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps
Powell cannot afford to take his eyes off the prize - to get inflation down
 "US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps")
Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike
Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets
 "Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike")
And now sneaky shrinkflation is driving people crazy in the United States
Measuring inflation is hard. The goal is to capture changes in the overall price level - the numbers on every price tag - not swings in relative prices
 "And now sneaky shrinkflation is driving people crazy in the United States")
Stocks and sectors to bet on as the US economy faces a recession
Analysts expect the US economy to enter a recession in a few months. The impact will be felt across global financial markets. Which sectors and stocks are investment-worthy amid this uncertainty?
 "Stocks and sectors to bet on as the US economy faces a recession")
US is exporting inflation, and Federal Reserve hikes will make it worse
With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring
 "US is exporting inflation, and Federal Reserve hikes will make it worse")
No relief for markets as Fed gets aggressive to tame inflation: Chris Wood
The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent
 "No relief for markets as Fed gets aggressive to tame inflation: Chris Wood")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
Asian shares at two-year lows as US inflation data boosts recession fears
MSCI's broadest index of Asia-Pacific shares outside Japan was flat by early afternoon
 "Asian shares at two-year lows as US inflation data boosts recession fears")
Sensex, Nifty reverse early gains amid weak trends in European markets
The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third day
 "Sensex, Nifty reverse early gains amid weak trends in European markets")
Oil slips below $100 again as gasoline, food drive US inflation higher
Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
 "Oil slips below $100 again as gasoline, food drive US inflation higher")
Gold slips to near 1-year low as US inflation jump bolsters rate hike bets
Spot gold was down 0.4% at $1,719.49 per ounce by 09:35 a.m. ET (1335 GMT), after dropping to its lowest since August at $1,707.09 earlier in the session. US gold futures were down 0.6% at $1,714.60
 "Gold slips to near 1-year low as US inflation jump bolsters rate hike bets")
Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
 "Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%")
Gold prices steady as investors stand by for US inflation figures
Gold prices steadied near an over nine-month low on Wednesday, as investors cautiously awaited US inflation data for cues on the road ahead for the Federal Reserve's monetary policy
 "Gold prices steady as investors stand by for US inflation figures")
Euro clings to parity to dollar as markets await US inflation data
The euro hovered a whisker above parity to the dollar on Wednesday, with traders wary of the single currency being forced to levels unseen for decades if US inflation data, due to be released later
 "Euro clings to parity to dollar as markets await US inflation data")
Asian shares bounce, markets on edge ahead of US inflation report
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.65%, snapping two straight days of losses, after having slumped to its lowest in two years the day before
Gold prices subdued in early trade as investors await US inflation data
Spot gold was up 0.1% at $1,727.89 per ounce at 0239 GMT, after dropping to its lowest level since late-September at $1,722.30 earlier
 "Gold prices subdued in early trade as investors await US inflation data")
Global shares, oil prices fall as investors await US inflation update
Shares in Europe declined in early trading. Benchmarks finished lower in Tokyo, Seoul, Hong Kong and Shanghai but rose slightly in Sydney.
 "Global shares, oil prices fall as investors await US inflation update")
US stocks see worst first half drop in over 50 yrs amid inflation woes
US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.
 "US stocks see worst first half drop in over 50 yrs amid inflation woes")
