Anwar Is Fighting Rising Prices With Targeted Subsidies
Nevertheless, Anwar has said he plans to introduce a programme that will include targeted subsidies that would reach out to the less fortunate citizens.
Nevertheless, Anwar has said he plans to introduce a programme that will include targeted subsidies that would reach out to the less fortunate citizens.
Powell's mistake was on full display in June when he linked the acceleration of Fed hikes – from 50 to 75 bps – to higher-than-expected CPI inflation for May
Substantial tightening is in the pipeline, and against the backdrop of mounting global recession risk the Fed’s signal of less urgency is the right path
The resulting spike in both energy and food prices was good news, says IIF, for many emerging markets but with inflation and recession on the cards, how will the EMs…
The BOJ added fuel to the fire in this Japanese Yen weakness with unprecedented QE purchases of JGBs, thereby underscoring its commitment to YCC.
The higher inflation was driven by across various prices including foods, energy, housing, apparels, education, medical care, and transport.
In the latest minutes of meeting, the Fed remained committed to combat inflation even if GDP growth to record slower than initial projection, +1.7% vs. +2.8%.
The ECB could move ahead with a 50bps hike in September as it battles the inflation beast and this is likely to favour euro bulls
The weaker confidence signals consumers would hold back their spending plans, especially for big-ticket items.
The FED calculated the risks of inflation on subjective elements such as society finishing COVID-19 by the end of this year or people flocking back to work due to vaccination…