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Inflation cooled in July, adding to the case for rate cuts at the next Fed meeting

The consumer price index, an inflation measure, increased 2.9% in July from a year ago.

Madison Hoff   


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RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that ext…

ANI   


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1 min read

We just got another sign inflation is cooling

New data shows labor costs are slowing, which could give the Fed more confidence that inflation is …

Kelly Cloonan   


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3 mins read

India’s economic growth expectedly slows to 6.7% in Q1 — lowest in the last five quarters

India's GDP growth slowed to a 15-month low of 6.7% in the first quarter of FY 2024-25 due to weake…

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3 mins read

A necessary step or government overreach? Economists are divided over Kamala Harris' plan to clamp down on food inflation

Kamala Harris unveiled a plan for the first ever federal ban on price gouging. Economic experts hav…

Filip De Mott   


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The Fed has redeemed itself after an 'egregious' post-COVID inflation error, former Treasury Secretary Larry Summers says

"They moved strongly enough and vigorously enough to keep expectations anchored," the former Treasu…

Filip De Mott   


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4 mins read

Voters blamed Biden for high inflation. Kamala Harris could get a pass.

Americans aren't blaming Kamala Harris for inflation as much as they did President Joe Biden, polls…

Jacob Zinkula   


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Taylor Swift concerts and the Olympics could lead to a fresh surge in global inflation, UBS says

Mega-events, like Taylor Swift shows and the Olympics, could distort headline inflation figures, UB…

Jennifer Sor   


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2 economists explain why the Fed should cut rates more than expected next month

Claudia Sahm thinks there's a strong case for a 50-basis point cut in September, given labor market…

Filip De Mott   


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3 mins read

Inflation came in hotter than expected in March

Newly released data from the consumer price index shows inflation accelerated in March. The year-ov…

Madison Hoff   


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3 mins read

India to see solid domestic demand for the next 2 years, to grow at the rate of 6.5%-7%

The OECD report projects stable economic growth for emerging G20 economies, including India. India'…

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2 mins read

Fed Governor Waller says 'more caution' needed on rate cuts after data showing a hot economy

Federal Reserve Governor Christopher Waller said recent economic data shows the Fed should ease mor…

Kelly Cloonan   


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The US economy grew way faster than expected this spring

US real GDP blew past expectations in this year's second quarter. It rose 2.8% compared with a fore…

Madison Hoff   


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4 mins read

RBI leaves repo rate unchanged. What does this mean for you?

This is a good time to invest in high-yield fixed deposits and other debt instruments. That's becau…

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2 mins read

RBI MPC announcement today: Rates unlikely to change, RBI may change stance to neutral

The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) me…

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Why the Fed will have to cut rates more than expected this year, ING says

The employment component of the ISM index plunged to 43.4 from 49.3 in July, representing the worst…

Matthew Fox   


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1 min read

Goldman's CEO reverses course, now expects up to 2 rate cuts in 2024

David Solomon previously said the Fed wouldn't cut rates in 2024. He's reversing course, now callin…

Kelly Cloonan   


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4 mins read

Status-quo on interest rate likely, say experts ahead of RBI's policy review

The Reserve Bank of India is expected to maintain the current repo rate at 6.5% in its upcoming pol…

PTI   


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2 mins read

Here's the next data point to watch as Wall Street eyes a 'no landing' scenario for the US economy

After promising jobs and GDP data, a surge in retail spending would point to a "no landing" or a re…

Kelly Cloonan   


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4 mins read

Hurricane season is set to scramble Americans' view of the economy before the election

Jobless claims have already surged after Hurricane Helene hit, and Milton will likely add to that. …

Ayelet Sheffey,Madison Hoff