Overseas Headlines – June 22, 2022

United States:

Supply Issues Account for Half of Surge in US Inflation, Study Says

“Supply constraints, exacerbated by Russia’s war in Ukraine this year, account for about half of the surge in US inflation, with demand currently making up a third of the increase, according to new research from the Federal Reserve Bank of San Francisco.”



ECB Says Europe’s Economy Seen ‘Far’ From Stagflation Scenario

“Experts on the European economy don’t expect the region to endure stagflation akin to the 1970s and characterized by quickly rising prices amid output that barely rises or even contracts, according to analysis by the European Central Bank.”



China Premier’s Trip to Wheat Farm Shows Food, Inflation Worries

“Chinese Premier Li Keqiang visited a wheat farm in a province neighboring the capital, underscoring his government’s lingering worries about food security and inflation. Li stressed the importance of the wheat harvest this year while touring a farm in Gaobeidian, a city in the northern province of Hebei, Xinhua said on Tuesday.”




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