Tag: Inflation

Hot U.S. Inflation Could Stir Once-Sleepy Household Expectations

(Bloomberg) — U.S. inflation is back in the news after being dormant for years, potentially affecting how Americans think about price pressures after not thinking about them much at all.The Federal Reserve says expectations that inflation will stay near its 2% target will help to ensure the current surge in consumer prices, which jumped 5% in May, will be temporary. Chair Jerome Powell can expect questions on this at his post-meeting press conference Wednesday.To explore that assumption and fin
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Surprise Jump in U.S. Wages Gives Inflation Debate a New Twist – Bloomberg

An unexpected jump in U.S. wages has given financial markets a new reason to worry that higher inflation may be here to stay.Consumer prices are rising quickly as the economy reopens after the pandemic. A closely watched data release on Thursday is expected to show prices rose another 0.4% in May — pushing annual inflation above April’s 4.2%, already the highest in more than a decade.Many policy makers and economists see the price spike as temporary –- partly because they haven’t been anticipat
— Read on www.bloomberg.com/news/articles/2021-06-09/surprise-jump-in-u-s-wages-gives-inflation-debate-a-new-twist

World shares mixed as China reports jump in inflation

BANGKOK (AP) — World shares are mixed after China reported a big jump in factory gate prices at a time when inflation is a top investor concern. Shares fell London, Frankfurt, Tokyo and Hong Kong but rose in Paris and Shanghai. U.S. futures edged higher. China’s producer price index, which measures prices of raw goods and services, jumped 9% from a year earlier in May, the fastest increase since 2008 and above analysts’ forecasts, the government said. However, the headline consumer price index r
— Read on ca.finance.yahoo.com/news/asian-shares-mixed-china-reports-062350721.html