Daily Headlinez Top News Updates
IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go…
NEW DELHI: Lower weightage of food and beverages in new consumer price inflation (CPI) series may make overall inflation less volatile, leading to monetary policy response to be more focused on aggregate demand pressure, rather than dealing with supply-induced inflation, chief economic advisor (CEA) V Anantha Nageswaran said Thursday. This will help calibrating monetary and…
Chief Economic Advisor V Anantha Nageswaran (ANI) Chief Economic Advisor V Anantha Nageswaran on Thursday said the new Consumer Price Index (CPI) series will improve the quality of data used in formulating monetary and fiscal policies, as it better reflects current consumption patterns and economic conditions.The National Statistics Office (NSO) under the Ministry of Statistics…
Gold and silver futures saw a sharp decline on Friday as traders locked in profits following Thursday’s record-breaking rally. On the MCX, silver futures fell by 3.04% while gold dropped 1.28%, influenced by bearish global markets and a stronger US dollar.The dramatic shift came after both metals had achieved historic highs the previous day. Silver…
US stocks edged higher on Wednesday, with the S&P 500 breaching the 7,000-point mark for the first time, underscoring sustained investor optimism around artificial intelligence, resilient Big Tech earnings prospects and expectations of eventual monetary easing.The benchmark index rose 0.3 per cent, extending gains after its latest record close. The Dow Jones Industrial Average advanced…
The US Federal Reserve is widely expected to keep interest rates unchanged when it meets in the coming week, holding firm despite President Donald Trump’s pressure to slash levels as it guards against threats to its independence.The central bank has cut rates three consecutive times since September as the jobs market weakened, bringing them to…
Silver prices surged sharply in the national capital on Tuesday, rising by Rs 6,000 to touch a fresh lifetime high of Rs 2,71,000 per kilogram, while gold climbed to another record level of Rs 1,45,000 per 10 grams amid sustained buying interest.According to the All India Sarafa Association, silver extended its rally for the third…
NEW DELHI: Retail inflation inched up to a three-month high in Dec, led by narrowing deflation in some food prices and fading favourable base effect, but remained below the Reserve Bank of India’s (RBI) tolerance level for the fourth month in a row.Data released by the National Statistics Office (NSO) on Monday showed retail inflation,…
MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…
A senior US Federal Reserve official has said there is no immediate need to cut interest rates further, cautioning that recent inflation data may have been distorted due to disruptions in data collection during the federal government shutdown, AFP reported.Speaking to CNBC on Friday, New York Federal Reserve President John Williams said inflation readings for…
