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...Ergo, R+V, Allianz and Volkswohl-Bund declined to comment. Signa did not respond to a request for comment....
...However, Britain’s Department for Culture, Media and Sport has placed a temporary export bar on the carving and given the V&A until June 14 to raise £2mn so it can match the price paid by the American institution...
...Government bond yields edged lower, reflecting rising prices....
...Marc FilippinoClaire Jones is the FT’s acting US economics editor. Thanks, Claire. Claire JonesPleasure....
...US inflation rose to 2.7 per cent in the year to March, according to the metric the Federal Reserve uses to set its target for price pressures....
...The 10-year US Treasury yield, which moves inversely to bond prices, climbed 0.06 percentage points to 4.71 per cent. The two-year yield rose 0.07 percentage points to 5 per cent....
...After a spell of soaring prices and steep interest rates, Christine Lagarde this week allowed herself a moment of optimism....
...For example, the BIS estimates that allowed leverage, defined as the contract price divided by initial margin, in five-year Treasury futures remains elevated but has fallen from around 175x prior to the...
...“The risk is that [higher] oil prices lead to a further run-up in commodity prices more broadly, which pressures inflation and then triggers a change in stance for monetary policy and would lead to an impact...
...The full impact of the current sky-high cocoa prices has yet to trickle down to chocolatiers, however....
...Wednesday’s figures for annual Consumer Price Index inflation compared with expectations of a 3.4 per cent rise, according to economists polled by Bloomberg....
...Economists polled by Bloomberg had expected the annual rise in consumer prices to remain unchanged from January’s rate of 3.1 per cent....
...The consumer price index is up 18.9 per cent since he took office in January 2021....
...Powell’s remarks come as a higher than expected figure for March consumer price index inflation led markets to row back their expectations that the Fed would cut rates as soon as June....
...For some months now, inflation has been back below 2 per cent and thus in the range the SNB equates with price stability....
...The IMF said the country’s fiscal deficit had contributed 0.5 percentage points to core inflation — a measure of underlying price pressures that excludes energy and food....
...Core inflation also exceeded expectations due to price pressures in services sectors such as healthcare and car insurance....
...However, a stronger US economy has meant price pressures remain stronger than those in Europe....
...In February the headline consumer price index and core CPI, which strips out more volatile food and energy costs, rose 0.4 per cent from the prior month....
...They also voiced concern elevated price pressures “continued to harm households, especially those least able to meet the higher costs of essentials like food, housing and transportation”....
...The “supercore” rate, which strips out changes in housing prices, rose 0.6 per cent....
...On top of cheap energy with gas prices one-sixth the prices in Europe, lucrative subsidies in the Inflation Reduction Act for decarbonisation technologies are attracting European companies....
...Officials claim the measures will not raise the price of the metals affected by the ban....
...But strong demand has also pushed up price pressures, in contrast with the UK and eurozone....
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