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...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....
...It added that Chinese government debt, unlike US Treasuries, tends to be domestically held, so a sharp rise is unlikely to impact global markets in the same way....
...Economists polled by Bloomberg had expected the annual rise in consumer prices to remain unchanged from January’s rate of 3.1 per cent....
Fund expects growth in region to be a ‘lacklustre’ 2.6% this year as instability rises
...The recent bumper US growth has helped the global economy avoid a long-feared hard landing following interest rate rises....
...Traders slashed bets on Federal Reserve interest rate cuts on Wednesday after US inflation surpassed expectations and Joe Biden acknowledged there was “more to do” on fighting price rises....
...Iran has warned Israel it is likely to review its nuclear stance if its atomic facilities are threatened, as tensions rise following the Islamic republic’s weekend drone and missile attack on Israel....
...But Tuesday’s rise, largely stoked by services such as motor insurance and health, triggered warnings that the Fed may have to wait longer than previously expected before cutting interest rates from their...
...Christopher Waller, a Fed governor and one of the most influential US rate-setters, said in a speech on Wednesday that the recent rise in month-on-month measures of prices reinforced his view that there...
...The IMF said then that growth in global gross domestic product would stay at 3.1 per cent in 2024 and rise to 3.2 per cent in 2025....
...sam.jones@ft.com Letter in response to this article: Vienna was at the centre of global crisis once before / From Dr John Doherty, Vienna, Austria...
...The CBO has warned that publicly held debt is set to rise from 99 per cent of gross domestic product at the end of 2024 to 116 per cent of GDP by the end of 2034....
...Inflation surged to a multi-decade high in 2022, sparking 525 basis points’ worth of rises from the central bank....
...The Swiss economy was largely spared the effects of steep price rises felt elsewhere in the developed world over the past two years....
...But their reaction on Wednesday to the Fed’s announcement was far from disappointment, with a sharp rise in equities feeding a rally that has added 27 per cent to the S&P 500 since October....
...The budget deficit was set to come in at 6.1 per cent of GDP next year, while interest payments servicing the US debt would rise above $1tn per year by 2026....
...Waller said in a speech in the Bahamas that supposed threats to the dollar’s dominance — ranging from the rise of cryptocurrencies to the impact of sanctions imposed on Russia, which have led to the US and...
...Powell will acknowledge “considerable progress” on the economy and say interest rates, now at a 23-year high in a range of 5.25 to 5.5 per cent, are unlikely to rise again....
...A new rise in US inflation is undermining Joe Biden’s re-election message, threatening the president’s effort to defend his economic record in a crucial phase of the campaign against Donald Trump....
...He added that the rise of aggressive local competitors was a “challenge”, noting that “if you can stand the heat of the Chinese kitchen, you are successful in other places as well”....
...Grocery sector specialists cite the rise of German discount chains Aldi and Lidl as a sign of consumers’ focus on value....
...A slowdown would alleviate concerns that sharp wage growth could spark a fresh rise in inflation....
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