Page 16 - Us Inflation
US Prez Biden launches Indo-Pacific trade deal, warns over inflation
Nations joining the US in the Indo-Pacific Economic Framework are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam
 "US Prez Biden launches Indo-Pacific trade deal, warns over inflation")
Recession not inevitable, pain to last 'some time,' says Biden in Tokyo
We have problems that the rest of the world has, Biden said, but less consequential than the rest of the world has
 "Recession not inevitable, pain to last 'some time,' says Biden in Tokyo")
Won't hesitate to keep hiking rates till inflation tamed: Fed chair
"What we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that," Powell said Tuesday during a Wall Street Journal live event
 "Won't hesitate to keep hiking rates till inflation tamed: Fed chair")
Bezos and Biden spar on Twitter over corporate taxes and inflation
Biden has often accused Amazon, the ecommerce giant that Bezos founded and led for nearly a quarter-century, of failing to pay its fair share in taxes
 "Bezos and Biden spar on Twitter over corporate taxes and inflation")
Bezos says Biden 'mushing inflation with corporate taxes' is 'misdirection'
"You want to bring down inflation? Lets make sure the wealthiest corporations pay their fair share," US President Joe Biden had said in a tweet.
 "Bezos says Biden 'mushing inflation with corporate taxes' is 'misdirection'")
GOP's new midterm attack: Blaming Biden for baby formula shortage
Biden insisted there's nothing more urgent we're working on than addressing the shortage
70% Americans view inflation as very big problem, finds Pew survey
The survey noted that more than two years into the Covid-19 pandemic, just 19 per cent of Americans rate the coronavirus outbreak as a very big problem for the country
 "70% Americans view inflation as very big problem, finds Pew survey")
Crypto collapse intensifies as stablecoin Tether slides below dollar peg
The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap
 "Crypto collapse intensifies as stablecoin Tether slides below dollar peg")
Gold gains as dollar, Treasury yields weaken after US inflation data
A weaker dollar makes gold attractive for overseas buyers, while lower Treasury yields reduce the opportunity cost of holding zero-yield bullion
 "Gold gains as dollar, Treasury yields weaken after US inflation data")
US shares drop, dollar remains firm as inflation stokes worries on economy
Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%
 "US shares drop, dollar remains firm as inflation stokes worries on economy")
Dollar hovers near two-decade high of 103.92 as US inflation moderates
The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists
 "Dollar hovers near two-decade high of 103.92 as US inflation moderates")
US inflation might have slightly dipped in April from 40-year high: Report
US President Biden sought to take the initiative Tuesday and declared inflation the No. 1 problem facing families today" and my top domestic priority
Dollar hovers near two-decade high ahead of Fed's inflation gauge
The dollar index, which measures the currency versus six rivals, was around flat at 103.92
 "Dollar hovers near two-decade high ahead of Fed's inflation gauge")
Under fire over inflation, Biden nods to Fed and attacks Republicans
'I want every American to know that I am taking inflation very seriously and it is my top domestic priority,' says US President
Biggest treasury buyer outside US quietly offloads nearly $60 bn
The latest data from BMO Capital Markets show the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months
 "Biggest treasury buyer outside US quietly offloads nearly $60 bn")
Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts
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
 "Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts")
Statsguru: From India to US, six charts show rising global inflation
In the US, consumer price inflation has been higher than in India for the last seven months
 "Statsguru: From India to US, six charts show rising global inflation")
Russia-Ukraine war impact: US inflation rises to new 40-year high
Gasoline costs drove half of the monthly increase, which were up on account of the Russia-Ukraine war, while food was also a sizable contributor to the jump
 "Russia-Ukraine war impact: US inflation rises to new 40-year high")
US inflation jumped 8.5% in past year, highest in over 40 years
Prices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to global food and energy markets worsened by Russia's war against Ukraine
Euro zone bond yields rise ahead of US inflation data
Thursday's ECB meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine
 "Euro zone bond yields rise ahead of US inflation data")
