Tag: inflation

Allianz SE chief economic advisor and Bloomberg Opinion columnist Mohamed El-Erian has called on the Federal Reserve to implement a 25 basis point hike during its upcoming policy meeting on Tuesday. According to El-Erian, an interest rate hike of 25 basis points enables the...

Pacific Investment Management Co (PIMCO) CEO Daniel Ivascyn expects the federal reserve to raise interest rates by 25 basis points during its next policy meeting on March 22. Ivascyn expects the central bank to ease its interest rate hikes amid concerns of financial instability...

The Consumer Price Index revealed that headline inflation in the United States rose 0.4% over the last month and 6% over the prior year in February. This is a decline from the 0.5% month-over-month increase and the 6.4% year-over-year rise in January. Core inflation,...

U.S. retail sales fell by 0.4% in February; a decline that is expected to have come due to the previous month's outsized increase. Despite the decline, the underlying sales momentum remained strong, with the economy continuing to expand. January retail sales data was also...

The British pound strengthened on Friday after the UK's economy was shown to have grown more than expected in January. The sterling was up 1.2% against the U.S. dollar at $1.2068; the biggest single-day jump since January 6. The euro was down 0.5% against...

The dollar weakened on Friday following the release of the U.S. jobs report for February. The report, which exhibited a slowdown in job growth, indicated a slowdown in inflation, which in turn could lower the possibility of a 50 basis point interest rate hike...