August 1, 2021
Home Archive by category Economy (Page 49)

It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. But it’s a Lot Worse than it Appears

Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners. By Wolf Richter for WOLF STREET. The Consumer Price Index jumped 0.8% in April from March, after having jumped 0.6% in March from February – both the sharpest month-to-month jumps since 2009 – and ...

No Real Sign of Inflation Risk in World Economy, Maersk CEO Says

Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.The chief executive of the world’s biggest shipping company says he’s not seeing signs of a dangerous resurgence in inflation.A.P. Moller-Maersk A/S transports about a fifth of global trade, giving i...

USD/JPY Price Forecast – US Dollar Rises After Hot CPI

The US CPI numbers came out hotter than anticipated during the course of the trading session so should not be a huge surprise that the dollar gained a bit of strength against the Japanese yen. It actually sold off at one point as well, but we have turned around a break above the ¥109 level yet again. There is a lot of noise up here, so do not be su...

Inflation Likely Accelerated in April as Economy Strengthened

U.S. consumer prices likely rose sharply in April as the economic recovery picked up, reflecting surging demand as the pandemic eased and higher prices due to supply bottlenecks.Economists surveyed by The Wall Street Journal expect the Labor Department to report its consumer-price index jumped 3.6% in April from a year earlier, up from 2.6% for the...

UN raises global economic forecast to 5.4% growth in 2021

“The key challenge we face in the world right now is that infections are still rising in many parts of the world, and we are seeing new variants and new mutations affecting large populations in South Asia, also in Latin America,” he said. “That poses a significant challenge in terms of the recovery and world economic growth.” Read full article.....