WAGE PUSH INFLATION

Inflation in the U.K. has returned to the Bank of England's target rate of 2% after nearly three years. The official figures showed a decrease from 2.3% to 2% in the year to May, mainly driven by lower food prices. The governing Conservative Party v...

US retail sales increased by 0.1% in May, lower gasoline prices affected service station receipts. Sales growth slowed due to high prices and interest rates, impacting discretionary spending. Banks tightened credit access for lower income borrowers ...

The dollar strengthened despite weak U.S. producer price data for May, following a hawkish Federal Reserve meeting. U.S. producer prices fell unexpectedly in May, with core prices remaining flat. The Federal Reserve's stance on interest rates also i...

​But the challenge we feel is that the structural issue of slowdown in demand because of property sector is still exerting deflationary pressures and in that environment as they are trying to support real growth with more manufacturing investments, ...

​Now, the other issues like external vulnerability, those markers also look good. Your current account deficit is in the safe zone. You have ample forex reserves. So, in this global environment where there are too many risks lurking around, we do no...

The dollar strengthened against the euro and yen ahead of U.S. inflation data and Fed rate forecasts. Analysts expect minimal Fed rate cuts and a possible reduction in BOJ's bond purchases. Yen stability is crucial for Japan's inflation and wage gro...

Companies like Adani Wilmar, Emami Agrotech, and Sunvin Group said while disruption in soyabean oil supplies from Argentina and Brazil is driving prices higher, mustard oil prices have risen as National Agricultural Cooperative Marketing Federation ...

The collapse of Modi’s support in Uttar Pradesh, India’s most-populous state and a one-time party stronghold, amounted to a collective rebellion from millions of people left behind in one of the world’s fastest-growing economies.

The unemployment rate ticked up to a 28-month high of 6.2% from 6.1% in April, matching forecasts. The jobless rate, on an uptrend over the past year, has risen 1.1 percentage points since April 2023, Statscan data showed. Economists had said that w...

Traders' confidence in Fed rate cuts wavers as U.S. central bankers await inflation decline; Rate futures show uncertainty in multiple rate cuts by end of 2024.

The dollar steadied as traders awaited an interest rate decision in Canada and U.S. services data. The yen received a boost after reports of potential bond buying cuts by the Bank of Japan, leading to a rise in the Swiss franc. Japanese real wages f...

The European Central Bank (ECB) is set to reduce eurozone interest rates from historic highs this week, with a quarter-point cut expected on Thursday, lowering the key deposit rate to 3.75%. Despite the reduction, persistent inflation and stronger-t...

Williams stated that the economy's behavior over the past year provides ample evidence that monetary policy is restrictive in a way that helps achieve their goals. He made these remarks in the text of a speech prepared for delivery before a gatherin...

The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row ...

India transitioning to living wages with ILO, affecting labor costs. Disparities in pay among different worker types. Global minimum wage increases noted. Italy resists implementing minimum wage. Challenges anticipated for MSMEs, SMEs, and gig worke...

Economists suggest that rural consumption in India needs further government support and sustained capital expenditure to become broad-based in the coming quarters. The upcoming general election is unlikely to provide a significant boost to consumpti...

In 1975, inflation in the US was fueled by high government spending on the Vietnam War, soaring oil prices due to OPEC's actions, a wage-price spiral driven by strong labor unions demanding higher wages, and loose monetary policy.

Japan's wage trend, along with inflation, is closely watched, with the Bank of Japan regarding both indicators among the key data to consider in preparation for phasing out its massive stimulus policy.

Germany's experiment with a 4-day work week may not maintain productivity, but it could address wage inflation and promote more regular employment for part-time workers. Factors such as employee motivation, the digital economy, fertility, immigratio...