inflation Archives - The Star Bulletin

Nov

18

2022

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By William D. Ricker

ECB may have to restrict growth to control inflation, Lagarde says

NewsECB, inflation, news

ECB may have to restrict growth to control inflation - Christine Lagarde, President of the European Central Bank, stated that the European Central Bank will continue to raise interest rates and may need to limit economic activity to tame inflation. She said this on Friday, citing rates as the key instrument for balance sheet reduction. To combat inflation, the ECB raised rates by 200 basis points in July. It also stated that it will continue to tighten its policy via rate increases and a reduction of its debt holdings of 5 trillion euros ($5.2 trillion). Lagarde stated that "We expect…

Nov

10

2022

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By Kevin Bonner

PH economy expands faster at 7.6% Q3

Newsgdp, inflation, ph economy, US

According to the Philippine Statistics Authority (PSA), the Philippine economy grew faster at 7.6 percent in the third quarter than at 7.5 percent in the second quarter. This is higher than the revised gross national product (GDP). Dennis Mapa, PSA Undersecretary, stated that this was the sixth consecutive quarter of economic growth. The country's GDP growth between July and September 2022 was also higher than that of the 7 percent increase over the same period in 2021. "The third quarter GDP exceeded the median analyst prediction of 6.3 percent," Secretary Arsenio Balsacan, National Economic and Development Authority (NEDA), stated. Balisacan…

Nov

10

2022

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By Kevin Bonner

Inflation data from October in the United States offer little relief.

Newseconomy, inflation, russia, U.S. economy, US

The country's abysmal inflation rate probably remained at a simmering level in October. This gave the Federal Reserve little reason to relax in its efforts to slow price rises by steadily increasing interest rates. According to FactSet's survey of economists, the Labor Department will report on Thursday that consumer prices rose by 8% over 12 months and by 0.6% between September and October. Core inflation, which excludes volatile energy and food costs, is expected to have risen 6.5% over the past year, and 0.5% between September and October. The United States, like many other countries, is having difficulty controlling inflation.…

Nov

01

2022

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By Kevin Bonner

Economies weaken Inflation remains high

NewsAmerica, china, covid, economy, inflation

The risks of a downturn to the outlook for economic growth globally have continued to increase throughout October. some leading indicators now indicating even more severe recessions, especially in the eurozone. On the bright side, the euro zone escaped recession in the third quarter, as consumers' spending turned out to be more resilient to the effects of inflationary pressures than anticipated. However inflation pressures continue to grow, as the euro zone HICP growth hit a record-setting high of 10.7 percent in October. Although energy prices were the primary factor driving inflation in H1 2022, the pressures on prices are now…

Oct

27

2022

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By Kevin Bonner

Global Economy Getting Close to a Receding, Central Banks Released

Newsbank, economy, global economy, inflation, World Bank

Global Economy Getting Close to a Receding, Central Banks Released The world economy is advancing towards recession, as economists interviewed by us repeatedly cut growth estimates for the major economies. Meanwhile, central banks are increasing interest rates in order to lower the rate of inflation that has been rising for years. A bright side is that many major economies currently in recession or about to enter one are experiencing relatively low levels of unemployment in comparison to prior recessions. In fact, the most recent poll predicts the narrowest gap between unemployment and growth over the course of at least four…

Oct

20

2022

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By Kevin Bonner

To ensure the stability of Maine’s economy, report suggests Maine should do more to protect workers

Newsinflation, Maine, MECEP

A new report has revealed that even though Maine recovered quickly from the recession caused by the pandemic, that improvement has obscured "continued fundamental weaknesses that are affecting the state's economy." The issues identified by the Maine Center for Economic Policies annual "State of Working Maine report highlight that many jobs remain without basic protections for workers -- even as workers are increasingly asserting their authority and demand better standards. And that wages have been hindered by the high rate of inflation. 40 percent of Americans believe that current inflation Rates Will Last The study, which was authored by MECEP…

Oct

20

2022

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By Kevin Bonner

40 percent of Americans believe that current inflation Rates Will Last

Newsamericans, Biden, inflation

Americans believe that inflation is the number. top concern that is affecting Americans in U.S., ahead of healthcare, immigration as well as abortion, crime, gun violence and much more. As Americans are still feeling the pressures of rising inflation rates, many think the situation will only increase as per a recent survey by Clever Real Estate, a St. Louis-based real estate firm. Global economic normalization is expected by the end of 2024: conference. Clever conducted a survey of 1,000 Americans and found that 4/5 (78 percent) think that inflation is now an emergency. Indeed, more than one in four respondents…

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