September 12, 2022
US Inflation Will Guide Fed Readying Next Hike: Eco Week Ahead
US inflation data in the coming week may give the Federal Reserve mixed signals ahead of a potential third-straight jumbo interest-rate hike, with a broad measure of consumer prices likely to simmer down even as a gauge of underlying pressures accelerates.
The government’s report is expected to show an 8% increase in the overall consumer price index from the same month last year, down from 8.5% in July yet still historically elevated. Stripping out energy and food, the CPI is forecast to climb 6.1%, up from 5.9% in the year through July.
UK Economy Recovers Slower Than Expected From Bank Holiday Slump
The UK economy recovered more slowly than expected from a slump triggered by an extra public holiday in June, with industrial production and construction both shrinking.
India August Inflation Accelerates to 7% on High Food Prices
India’s retail inflation rose more-than-estimated in August, driven by high food and fuel costs, posing a fresh challenge to the central bank’s efforts to cool prices.
Consumer prices rose 7% last month from a year earlier, data released by the Statistics Ministry showed Monday. That’s faster than an estimate of a 6.90% gain in a Bloomberg survey of economists and compares with a 6.71% reading in July.
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