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Uptick in India’s headline inflation: A transitory phase

While economic growth remains the main focus, elevated inflation may ask for some attention. For a second consecutive month the headline inflation rate, CPI (Consumer Price Index-Combined), has been above the 6 percent range of the central bank. The year-on-year percentage change (YoY%) print for June 2021 has marginally eased to 6.26 percent from 6.30 […]

A heatwave hits the economy

It’s not just temperatures which have shot up this week. The Central Statistics Office (CSO) confirmed that the economy, or at least parts of it, is going through a definite heatwave of spectacular growth. We also learned through the Summer Economic Statement that the Government intends to borrow a lot more money than had been […]

Taiwan’s falling birthrate ‘threatens its economic security’

TAIPEI — In February 2020, Gao, a 32-year-old administrative officer working in the Hsinchu Science Park, a technology hub southwest of Taipei, fell over in the office. She was pregnant, a doctor told her, but her excitement ended when she was abruptly dismissed by her employer, Dase-Sing Packaging Technology. The company said the COVID-19 pandemic […]

Dollar stuck in a narrow range

The US dollar continued to trade volatile within its 92-93 range last week as well. The index surged on Tuesday following the US inflation data release. The US Headline Consumer Price Index (CPI) inflation rose to 5.32 per cent (Year-on-Year) in June from 4.93 per cent in May. The US Core CPI surged to 4.45per […]

Michael R. Strain: The US economy doesn’t need disaster relief | Columnists

Michael R. Strain Bloomberg Opinion Politicians in both parties seem to believe that the U.S. faces looming catastrophes that require a radical rethinking of economic policy. They’re wrong. The nation certainly has serious challenges, but the foundations of the economy are healthy. Radicalism is not required. The populist right and progressive left seem to agree […]

Biden’s new China doctrine | The Economist

Jul 17th 2021 OPTIMISTS LONG hoped that welcoming China into the global economy would make it a “responsible stakeholder”, and bring about political reform. As president, Donald Trump blasted that as weak. Now Joe Biden is converting Trumpian bombast into a doctrine that pits America against China, a struggle between rival political systems which, he […]

Opinion: What happened the last time the economy emerged from a pandemic?

Retirees should continue betting that inflation’s recent spike will be transitory. I concede that this is getting harder to do, however. I first made this argument two months ago in response to the report that April’s Consumer Price Index’s 12-month rate of change was the highest in 13 years. Since then the CPI has risen […]

Consumer sentiment: another look into economic recovery

The latest survey on consumer sentiment from the University of Michigan comes out today, following news of high inflation earlier this week. Inflation was one of consumers’ top concerns in last month’s survey. Still, consumer outlooks rose in June and are expected to have risen again in July. Higher income people surveyed last month were […]

Rupee inches 3 paise higher to 74.51 against U.S. dollar in early trade

The Indian rupee opened on a flat note and inched higher by 3 paise to 74.51 against the U.S. dollar in early trade on Friday, as investors await fresh triggers. At the interbank foreign exchange, the domestic unit opened at 74.53 against the dollar, then inched higher to 74.51, registering a gain of just 3 […]

Federal Reserve has done a ‘good job’ under Powell

Federal Reserve Chair Janet Yellen (L) congratulates Fed Governor Jerome Powell at his swearing-in ceremony for a new term on the Fed’s board, in Washington in this handout photo taken and released June 16, 2014. US Federal Reserve | Reuters Treasury Secretary Janet Yellen on Thursday offered high marks for the Federal Reserve and how […]