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...The Atlanta Fed president warned that a recent surge in shipping costs on the back of disruption to traffic in the Suez Canal caused by the targeting of vessels by the Houthis would need to be watched “very...
...the inflation rate has fallen sharply....
...targeting by the world’s most influential central banks....
...At the outset of inflation targeting, the use of inflation forecasts was deemed a breakthrough....
...He too sees a significant chance of the DoJ successfully enforcing remedies on Apple in many of the areas it is targeting — watches, wallets, superapps, and so on....
...The Chinese Communist party created a fulcrum, and inflation-targeting central bankers created a “lever long enough”, through interest rate policy and the extension of their own balance sheets, to “move...
...Three of the world’s four central banks — the US Federal Reserve, the European Central Bank and the Bank of England — have experienced sharp inflation reflecting the end of the Covid-19 pandemic and the...
...And here’s what I’m keeping tabs on today: Economic data: Australia reports fourth-quarter GDP figures, while South Korea publishes consumer price index inflation rate data for February....
...Although the region’s main inflation-targeting central banks are now easing monetary policy, persistent inflation risks could make their easing path rocky, analysts said....
...This has been largely unchanged since the inflation-targeting regime was put in place by Tony Blair’s Labour government in 1997....
...What I’ve been reading and watching Mohamed El-Erian argues that March saw a move away from strict inflation targeting among central banks....
...I acknowledge headline inflation could also be a contributing factor....
...Luzzetti writes: For a Federal Reserve targeting PCE inflation, these forecasts for the real policy stance point to the potential need for earlier rate cuts to ensure that policy does not passively overtighten...
...But soaring inflation and higher interest rates have now put the brakes on consumer spending across Europe....
...Fed chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to reach the target level that would allow the central bank to cut rates....
...However, wage growth and core inflation are still well above what is necessary to achieve a 2 per cent inflation target....
...This seemed a superb combination and a justification for inflation targeting. The recent inflation surge forces us to ask whether it is true. It seems not....
...The inflationary impact of a recent surge in shipping costs on the back of disruption to traffic in the Suez Canal caused by the targeting of vessels by the Houthis would also need to be watched “very closely...
...The union is demanding pay rises to help its members cope with the impact of recent high inflation, and in April 2023 its leadership rejected an offer of an 8 per cent rise over two years, tied to significant...
...The National Bureau of Statistics said the consumer inflation figure was affected by the timing of the lunar new year holiday, which boosted spending in January last year but which this year falls in February...
...The Fed seems to have rightly abandoned average inflation targeting, not least because recent high levels may require it to go well below 2 per cent if it is to reach a reasonable average....
...Now, most of the best things come from the ’90s (ed.note: 80s) but shock-proofed foundations for inflation targeting regimes are not one of them....
...The UK’s train drivers’ union has announced a new set of strikes targeting the Conservative party’s annual conference in October....
...Another popular approach was among the best balanced fund nominees: targeting the UK consumer price index plus 3 per cent on the basis that only “growing your investment above inflation” counts....
...But they have so far avoided a more robust response, such as targeting Houthi military facilities in Yemen, for fear of expanding the conflict....
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