Experts: CPI data points to recovery in demand
9 months, 1 week ago

Experts: CPI data points to recovery in demand

China Daily  

A customer buys fruit at a shop in Shenyang, Liaoning province on Jan 25, 2024. They also said they expect the government to step up both fiscal and monetary policy support, including more fiscal spending to bolster domestic demand alongside further reserve requirement ratio reductions and policy rate cuts. China's producer price index, which gauges factory-gate prices, dropped 2.7 percent year-on-year in February, following a 2.5 percent fall in January, the NBS said. Looking ahead, Xiong said he expects the country to introduce a new round of policies — including potential reserve requirement ratio cuts and interest rate reductions — and further expand the size of a targeted funding tool, pledged supplementary lending, to bolster the world's second-largest economy. "China's real interest rates rose meaningfully last year, as inflation expectations fell on persistent disinflationary pressures, so rate cuts could help lower overall financing costs," she said.

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History of this topic

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
4 days ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press  

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
5 days, 15 hours ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

PPI shows modest recovery last month
2 weeks ago

PPI shows modest recovery last month

China Daily  

Shoppers buy vegetables at a supermarket in Lianyungang, Jiangsu province. Going forward, bolder-than-expected interest rate cuts may consolidate the fledgling demand recovery while a near-term cut in banks' reserve requirement ratio is likely, analysts said, as a top-level meeting called for "moderately loose" monetary policy for the first time since the 2007-09 global financial crisis. China's producer price index — …

China signals more forceful stimulus to come next year
2 weeks, 1 day ago

China signals more forceful stimulus to come next year

Live Mint  

China’s leaders signaled a more forceful policy approach for next year to boost domestic demand, as the world’s second-largest economy braces for escalating trade tensions with the incoming Trump administration. The 24-member Politburo, China’s top decision-making body, pledged Monday in a meeting to implement more proactive fiscal policy and moderately loose monetary policy for next year. Meanwhile, the mention of …

China's CPI up 0.2% in November
2 weeks, 1 day ago

China's CPI up 0.2% in November

China Daily  

BEIJING -- China's consumer prices steadied in November due to stronger consumer confidence, official data showed on Monday. The consumer price index, a main gauge of inflation, was up 0.2 percent year-on-year in November, according to the National Bureau of Statistics. The core CPI, which excludes food and energy prices, rose 0.3 percent from a year ago in November, up …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
2 weeks, 1 day ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

Wall Street week ahead: Investors’ focus on consumer price inflation
2 weeks, 1 day ago

Wall Street week ahead: Investors’ focus on consumer price inflation

Live Mint  

After the strong November payrolls data, released last week, boosted hopes for an interest rate cut in December,the focus of investors in the week ahead will be on the consumer price inflation. Earnings Following companies are due to report third quarter earnings in the week ahead — Oracle, Toll Brothers, Casey’s General Stores, AutoZone, Ferguson Enterprises, GameStop, Ollie’s Bargain Outlet …

Fed’s Waller says inclined at this point to cut rates in December
Trending News
3 weeks ago

Fed’s Waller says inclined at this point to cut rates in December

Live Mint  

By Howard Schneider WASHINGTON, Dec 2 - Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. "Policy is still restrictive …

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says
4 weeks ago

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says

Live Mint  

-- Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg Television in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year. “Right …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

US inflation may have picked up in October after months of easing
Trending News
1 month, 1 week ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

China's consumer prices see stable growth in October
1 month, 2 weeks ago

China's consumer prices see stable growth in October

China Daily  

Xinhua/chinadaily.com.cn | Updated: 2024-11-09 09:38 BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. …

China's consumer prices see stable growth in October
1 month, 2 weeks ago

China's consumer prices see stable growth in October

China Daily  

BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. Falling energy prices dragged down …

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target
2 months ago

China’s economy grows at a 4.6% rate in the last quarter, falls short of the official target

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest data show the world’s second largest economy …

Xi Jinping pledges ‘forceful’ rate cuts to halt China’s economic crisis
2 months, 4 weeks ago

Xi Jinping pledges ‘forceful’ rate cuts to halt China’s economic crisis

The Telegraph  

Xi Jinping has called for the introduction of “forceful” interest rate cuts as the Chinese president battles to kickstart the stuttering economy. In a rare admission from China’s leadership, officials said the world’s second-largest economy was facing fresh turmoil as they vowed to inject greater levels of fiscal stimulus. It follows a series of measures laid out by the People’s …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

More policy support to bolster growth expected
3 months, 1 week ago

More policy support to bolster growth expected

China Daily  

A robot operates equipment on the assembly line of an automaker in Xi'an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China is likely to gradually introduce new policies to bolster quality-oriented growth in the near term, as the latest indicators suggest the economy is still feeling the pinch of lackluster demand and low confidence among investors and consumers, analysts said. The …

China's economy softens in August as Beijing continues to grapple with lagging demand
3 months, 1 week ago

China's economy softens in August as Beijing continues to grapple with lagging demand

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s economy softened in August, …

Prices to sustain recovery in Q4
3 months, 2 weeks ago

Prices to sustain recovery in Q4

China Daily  

Vegetable supplies return to normal levels at a market in Beijing. Their remarks came after the National Bureau of Statistics said China's consumer price index, the main gauge of inflation, rose by 0.6 percent year-on-year in August, up 0.1 percentage point from July. Zhou Maohua, a researcher at China Everbright Bank, said the CPI, which fell in June, rose month-on-month …

Prices to sustain recovery in Q4
3 months, 2 weeks ago

Prices to sustain recovery in Q4

China Daily  

Vegetable supplies return to normal levels at a market in Beijing. Their remarks came after the National Bureau of Statistics said China's consumer price index, the main gauge of inflation, rose by 0.6 percent year-on-year in August, up 0.1 percentage point from July. Zhou Maohua, a researcher at China Everbright Bank, said the CPI, which fell in June, rose month-on-month …

China's CPI up 0.6% in August
3 months, 2 weeks ago

China's CPI up 0.6% in August

China Daily  

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics …

China's CPI up 0.6% in August
3 months, 2 weeks ago

China's CPI up 0.6% in August

China Daily  

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics …

China's CPI up 0.6% in August
3 months, 2 weeks ago

China's CPI up 0.6% in August

China Daily  

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics …

Experts urge policy steps to help recovery
3 months, 2 weeks ago

Experts urge policy steps to help recovery

China Daily  

A cashier counts RMB notes in a bank in Haian, Jiangsu province. During a news conference on Thursday, Zou Lan, head of the monetary policy department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions — the proportion of deposits they must keep as reserves — is about 7 percent, …

Policy talk heats up on mixed factory data
3 months, 3 weeks ago

Policy talk heats up on mixed factory data

China Daily  

An employee works on the production line of a combine harvester manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY China's manufacturing data put up a mixed performance in August, thus increasing the necessity of launching additional macroeconomic policy support measures to ensure the achievement of the country's annual growth target, economists and analysts said. The Caixin China General Manufacturing …

Responsive economic policies have mitigated risks and shock waves
5 months ago

Responsive economic policies have mitigated risks and shock waves

China Daily  

The skyline of Beijing. The IMF, as well as other international institutions such as Morgan Stanley, Goldman Sachs and UBS, all raised their forecast for China's economic growth this year, mainly because of the overall performance of the Chinese economy in the first half of the year and the effectiveness it has displayed in preventing and resolving risks. Since March, …

More proactive monetary, fiscal policies seen as key
5 months, 1 week ago

More proactive monetary, fiscal policies seen as key

China Daily  

Consumers browse products at a supermarket in Handan, Hebei province, on Wednesday. Zhou Mi, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said the gentle CPI recovery reflects the country's strengthening driving force of domestic consumption growth. Li Peijia, a senior analyst at Bank of China, said China's growing CPI benefits from its large-scale equipment …

CPI heralds modest price rises in H2
5 months, 1 week ago

CPI heralds modest price rises in H2

China Daily  

China Daily| Updated :2024-07-12 China's consumer prices will likely increase modestly in the second half of this year, as domestic demand and consumption are expected to recover with a series of macroeconomic policy measures taking effect gradually, analysts said. "The mild rise in consumer prices points to the economy's continued recovery trend, while the persistently low price levels suggest the …

Economists say H1 GDP likely to top 5%
5 months, 2 weeks ago

Economists say H1 GDP likely to top 5%

China Daily  

China's economy will likely expand by over 5 percent in the first half of this year amid strong policy stimulus, robust industrial production and stable external demand, providing a solid base for achieving its annual growth target of around 5 percent, economists said on Monday. "China's economy has made a good start at the beginning of the year and the …

【双语财讯】世界银行和巴克莱银行上调中国增速预期
5 months, 2 weeks ago

【双语财讯】世界银行和巴克莱银行上调中国增速预期

China Daily  

伴随着中国经济企稳向好的势头逐渐巩固，近期世界银行和巴克莱银行等机构纷纷上调了对于中国经济增长的预期。 File photo shows the Lujiazui area in East China's Shanghai. Foreign institutions have raised their forecasts for China's economic growth this year amid the nation's better-than-expected first-quarter performance, strong policy stimulus and resilience in exports. 巴克莱银行最近将其对中国GDP增速的预期从此前的4.4%上调至5%，世界银行则将其预期从此前的4.5%上调至4.8%。 China's economy is on track for a steady rebound and the nation is poised to meet its preset annual growth target of around …

【双语财讯】世界银行和巴克莱银行上调中国增速预期
5 months, 2 weeks ago

【双语财讯】世界银行和巴克莱银行上调中国增速预期

China Daily  

伴随着中国经济企稳向好的势头逐渐巩固，近期世界银行和巴克莱银行等机构纷纷上调了对于中国经济增长的预期。 File photo shows the Lujiazui area in East China's Shanghai. Foreign institutions have raised their forecasts for China's economic growth this year amid the nation's better-than-expected first-quarter performance, strong policy stimulus and resilience in exports. 巴克莱银行最近将其对中国GDP增速的预期从此前的4.4%上调至5%，世界银行则将其预期从此前的4.5%上调至4.8%。 China's economy is on track for a steady rebound and the nation is poised to meet its preset annual growth target of around …

US inflation eases to 3.3% in May, defying expectations for slight rise
6 months, 1 week ago

US inflation eases to 3.3% in May, defying expectations for slight rise

Hindustan Times  

Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year. "The cool inflation numbers should boost investor confidence for a Fed rate cut in the second half of 2024," said Bret Kenwell, US investment analyst at trading platform eToro. With inflation slowing and other recent data …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Associated Press  

WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Overall inflation increased 0.3% from March to April, the same as in the previous month, and 2.7% from a year earlier, also unchanged from March’s figure. Friday’s …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits
6 months, 3 weeks ago

RBA Sees Some Households Struggling, Suggesting Rate-Hike Limits

Live Mint  

-- Australia’s inflation is showing persistent strength and weighing heavily on the finances of some households, a senior Reserve Bank official said, highlighting the limits to further interest-rate increases. “The board are absolutely focused on the fact that inflation is clearly still above the target band,” RBA Assistant Governor Sarah Hunter said at a conference in Sydney on Thursday, referring …

US inflation eased last month in the first slowdown of 2024
7 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF
8 months, 1 week ago

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF

Hindustan Times  

US has a 2x rate of GDP growth relative to any other G7 country this year, as per International Monetary Fund projections, while its economy gains the upper hand globally, creating wild market swings by itself. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas holds the IMF's World Economic Outlook during a press briefing at the IMF-World Bank Group spring meetings …

Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates
8 months, 2 weeks ago

Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates

Daily Mail  

Inflation rose to 3.5 percent in March as prices were pushed up by the high cost of housing and gas. The hotter-than-expected data caused stocks to tumble amid fears it could delay the Federal Reserve's timeline for cutting interest rates which are already at a 23-year-high. Inflation rose to 3.5 percent in March as prices were pushed up by the …

Economist predicts further upswing for economy
8 months, 2 weeks ago

Economist predicts further upswing for economy

China Daily  

China's economic outlook is poised to improve in the following months, buoyed by robust fiscal spending, and the country's growth target of around 5 percent for 2024 is achievable, according to a renowned economist. Huang Yiping, dean of Peking University's National School of Development, told China Daily in an exclusive interview that the nation's economy is relatively stable, with better-than-expected …

Wall Street rallies to records as Federal Reserve sees rate cuts for 2024
9 months ago

Wall Street rallies to records as Federal Reserve sees rate cuts for 2024

Associated Press  

TOKYO — Asian benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following the Federal Reserve’s i ndication that it expects to deliver interest rate cuts later this year. Some of Wall Street’s nervousness coming into the day washed away after the Fed released a survey of its policy makers, which showed the median still expects the …

Federal Reserve foresees 3 rate cuts in 2024 despite bump in inflation
9 months ago

Federal Reserve foresees 3 rate cuts in 2024 despite bump in inflation

Associated Press  

WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year. Speaking at a news conference, Chair Jerome Powell said the surprising pickup in inflation in January and February hadn’t fundamentally changed …

Inflation drops to two-year low in boost for rate cut hopes
9 months ago

Inflation drops to two-year low in boost for rate cut hopes

The Telegraph  

Chancellor Jeremy Hunt said the fall in inflation signalled the Government’s plan for the economy was working and paved the way for future tax cuts. He rebuffed talk of a backbench plot to oust him that could derail his economic plans, telling the BBC: “What’s important is the future of our country, and people’s financial security and the peace of …

China's key economic indicators pick up pace
9 months ago

China's key economic indicators pick up pace

China Daily  

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 7 percent in the January-February period from a year earlier after a …

China's key economic indicators pick up pace
9 months ago

China's key economic indicators pick up pace

China Daily  

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 7 percent in the January-February period from a year earlier after a …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
9 months, 1 week ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Experts: CPI data points to recovery in demand
9 months, 1 week ago

Experts: CPI data points to recovery in demand

China Daily  

A customer buys fruit at a shop in Shenyang, Liaoning province on Jan 25, 2024. They also said they expect the government to step up both fiscal and monetary policy support, including more fiscal spending to bolster domestic demand alongside further reserve requirement ratio reductions and policy rate cuts. China's producer price index, which gauges factory-gate prices, dropped 2.7 percent …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

Demand recovery to be priority
9 months, 3 weeks ago

Demand recovery to be priority

China Daily  

A view of Beijing's CBD area. To achieve this year's economic growth target — which is expected to be set at about 5 percent — Su said that fiscal and monetary policies may need to be relaxed to boost domestic demand, including boosting the issuance of central government bonds to expand spending in areas like infrastructure. The People's Bank of …

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