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Global Inflation

All articles tagged with #global inflation

economy1 year ago•2 min saved

Economists Debate Impact of Trump's Tariffs on Inflation and Prices

A senior Bank of England economist, Swati Dhingra, suggests that Donald Trump's proposed 60% tariffs on Chinese imports could lower global inflation by forcing Chinese exporters to reduce prices in other markets to maintain trade volumes. While this could decrease global goods prices, it might also lead to a trade war if other countries retaliate with tariffs on US imports. The situation draws parallels with Brexit, which led to permanently higher prices in the UK. Analysts warn that a trade war could further weaken the eurozone economy.

via The Guardian|

#china #economy #global-inflation

global-trade1 year ago•2 min saved

"Global Supply Chain Disruptions: Impact of Yemen Conflict on Shipping and Prices"

The escalation of clashes in the Red Sea, including U.S. strikes against Yemen's Houthi rebels, may disrupt global supply chains, potentially leading to increased shipping costs and higher prices for consumer goods. The disruptions in the Red Sea, compounded by a drought affecting the Panama Canal, could impact trade routes for goods from Asia to Western countries, with potential effects on global inflation. However, experts note that companies are seeking alternative transportation methods to mitigate the impact, and the current balance of supply and demand in the goods market may help limit upward pressure on container rates.

via Newsweek|

#global-inflation #global-trade #red-sea

international-relations2 years ago•2 min saved

India's Oil Imports Surge as Jaishankar Awaits Gratitude

India's External Affairs Minister, S Jaishankar, claimed that India's strategic purchase policies have softened global oil and gas markets, managing global inflation. He highlighted that India's approach to oil purchases prevented a surge in global oil prices and competition with Europe. Jaishankar also discussed India's role in the Russia-Ukraine war, emphasizing the balance between principles and interests. He further underscored India's pivotal role in global institutions like the G20 and BRICS, stating that India seeks change without excessive disruption.

via NDTV|

#gas-markets #global-inflation #india

monetary-policy2 years ago•11 min saved

"Chair Powell Addresses Global Monetary Policy Challenges at IMF Conference"

Federal Reserve Chair Jerome Powell discussed U.S. monetary policy in the current global inflation episode during a panel discussion at the 24th Jacques Polak Annual Research Conference. Powell acknowledged that while U.S. inflation has come down over the past year, it remains above the 2 percent target. He highlighted the challenges of achieving sustainable inflation reduction and emphasized the importance of a restrictive monetary policy stance. Powell also addressed three key questions related to the causes and policy implications of the current inflation, the approach to supply shocks, and the future level of interest rates. He emphasized the need for ongoing analysis and learning from the experiences of the past few years to inform future monetary policy decisions.

via Federal Reserve|

#global-inflation #inflation-expectations #interest-rates

geopolitics2 years ago•2 min saved

Global Wheat Prices Skyrocket Amid Russia-Ukraine Conflict

Wheat prices surged by nearly 9% as tensions between Russia and Ukraine escalated, following Russia's decision to withdraw from a crucial deal allowing the export of grain from Ukraine. The move threatens to push up food prices globally and exacerbate food insecurity. The Black Sea Grain Initiative, which ensured the safe passage of grain-carrying ships from Ukrainian ports, has expired, impacting Ukraine's position as the fifth-largest wheat exporter. Corn futures also rose amid fears of a supply crunch. The situation highlights the potential impact of geopolitical tensions on food prices and global inflation.

via CNN|

#black-sea-grain-initiative #food-insecurity #geopolitics

economy2 years ago•2 min saved

Comparing UK Inflation to US and Germany: Surprising Results and Implications for Interest Rates.

UK inflation is higher than in France, Germany, and the US, with concerns about inflation becoming embedded across the economy and lingering for months to come. The Bank of England may raise interest rates closer to 5% to rein in price pressures. The stubbornness of inflation is a global phenomenon due to the Covid pandemic and Russia's Ukraine war. Some at the Bank of England have pointed to the fact that British producers now face less intensive competition on prices from European firms, which may mean a greater tendency for prices to fall.

via BBC|

#bank-of-england #competition #economy