monetary-policy
Top StoriesQuick ECB Action to Rein in Inflation Could Crash Economy -Panetta
TradingCommodity Currencies Gain, Led by Aussie Dollar; Euro Falls
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“Movin’ on Up” – Inflation Angst Starts to Bite
Date: April 1, 2022
By Thomas Becket, Chief Investment Officer at Psigma Investment Management Introduction The famous economist Milton Friedman once said that “inflation is always and everywhere a monetary phenomenon”. We have long disagreed. To us, inflation is mostly a psychological phenomenon; inflation dynamics will change when consumers and companies expect prices to rise in the future. This perception of “stuff”...
World Shares Rise, U.S. Yield Curve Inverts After Strong Jobs Data
Date: April 1, 2022
By Carolyn Cohn LONDON (Reuters) – World shares bounced and government bond yields resumed their upward climb on Friday on signs of persistent prices pressures, while oil was poised for a 13% weekly fall following reserve releases. U.S. data released early Friday showed employers added 431,000 jobs in March and the unemployment rate fell to...
Dollar Edges Higher After Robust U.S. Jobs Data
Date: April 1, 2022
By John McCrank NEW YORK (Reuters) -The dollar rose on Friday after data showed that U.S. job growth continued at a brisk pace in March, with the unemployment rate falling to a two-year low and wages re-accelerating, adding to expectations of a half-percentage-point rate increase at the next Federal Reserve meeting. The nonfarm payrolls report...
Sterling Rises vs Dollar, Hits Three-Month Low Versus Euro
Date: March 30, 2022
By Samuel Indyk LONDON (Reuters) – The British pound rose against the U.S. dollar but declined against the euro on Wednesday amid uncertainty over the possibility of a ceasefire between Russia and Ukraine. Russia on Tuesday promised to scale back its military operations near the Ukrainian city of Kyiv, but the United States said it...
ECB’s Lagarde Insists Inflation Will Stop Rising
Date: March 30, 2022
NICOSIA (Reuters) – Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by economists, European Central Bank President Christine Lagarde said on Wednesday. Inflation in Spain hit 9.8% this month and it expected to have run above...
Cracks Widen in Euro Zone Economy as War in Ukraine Rages On
Date: March 30, 2022
By Balazs Koranyi FRANKFURT (Reuters) – Europe’s economy is increasingly feeling the heat from Russia’s war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on Wednesday. Sanctions on Russia following its invasion last month have pushed energy prices to record highs across the continent, sapping confidence...