money Euro Zone Inflation Fall Confirmed, Easing Pressure on ECB to Hike Meanwhile, housing, water, electricity, gas & other fuels, the second largest component in the index, eased to the lowest level in almost 2.5-year at +0.8%yoy (Jun-23: +2.5%yoy).
ECONOMY Anwar Is Fighting Rising Prices With Targeted Subsidies The new Malaysian government’s economic policies are a little bit known, but their current focus is on combating both price increases and racial polarisation while Anwar Ibrahim, the new PM is suggesting the government will use targeted subsidies to assist the poor. The attempts by the losing parties to
ECONOMY The Fed Will Now Slow The pace Of Monetary Policy Tightening Economists predict the FED will now slow the pace of monetary policy tightening after the accelerated hikes from 50 to 70 bps in June. “We think it is time for policy to deemphasize “spot” data. Financial conditions have tightened drastically, especially in housing, and – more fundamentally – data have gotten noisier
ECONOMY Global Macro Views – Is there a Fed pivot? Emerging markets have been in a severe sell-off since early June, when high CPI inflation in the US caused the Fed to accelerate its monetary policy tightening by hiking in 75 bps increments. Last week signaled an end to that urgency, with Chair Powell saying that “We’re at 2.
emerging markets This Is How Emerging Markets Will Survive The Recession A recession is coming and this is how the emerging markets will adapt to survive, or not, in the coming months. We are analysing a report from the Institute of International Finance to give our readers an insight of what to expect in the second half of the year. First,
inflation The Strength of The Japanese Yen What is the outlook for the Japanese Yen, given that the Yen has fallen so much this year. This fall was largely driven by interest differentials, as rising global interest rates – due to high commodity prices and broad-based inflation – combined with the Bank of Japan’s yield curve control (YCC)
FED U.S. Inflation Rises To Highest Annual Rate Since 1981 U.S. consumer prices surged 9.1% in June, the largest annual increase in more than four decades amid stubbornly high costs for gasoline, food and rent. The consumer price index increased 1.3% last month, the biggest monthly gain since September 2005, says Reuters. The acceleration of the headline
FED ‘More Restrictive’ Policy If inflation Fails To Come Down Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. “With four FOMC meetings left, we expect at least a 50bps interest rate hike in each meeting.
europe Inflation: This Is How Central Banks Will Fight The Beast Analysts believe that investors will be treated to a tantalising mix of important economic news (dealing with Inflation) and speeches from the monetary authorities this week. They say investors should look at the European Central Bank, which is the prime component of the Eurosystem and the European System of Central
consumer confidence US Consumer Confidence Slumps To Lowest Level In 16 months Consumer confidence in the United States dropped to its lowest point in 16 months. The Conference Board reported that its consumer confidence index fell to 98.7 in June from 103.2 in May, the lowest level since February 2021 and the second consecutive monthly decrease. American consumers expressed a
ECONOMY Fed Messed Up With Its Inflation Estimates FED Chair Jerome Powell stated today that he overestimated the impact of inflation and that the FED should have acted sooner to try to control the spiralling effects. Republican Rep. Ann Wagner told Powell that she believes the Fed “underestimated actual inflation” and wondered what officials were missing. According to
britain UK Inflation Hits 40-year Record, Highest In G7 Yesterday, Reuters said food price increases pushed British consumer price inflation to a 40-year high of 9.1 per cent last month. This is the highest rate among the Group of Seven (G7) countries and emphasises the severity of the cost-of-living crisis. The reading, up from 9% in April, matched
COFACE Do We Need A recession In Order To Avoid Stagflation? HONG KONG SAR – – 22 June 2022 – The Ukraine war and the sanctions, the post-pandemic era and a possible surge of the COVID-19 in some regions has all contributed to a rise in inflation and people are asking whether a recession is needed? Four months after the start of hostilities in
fandbee Fandbee In Full Expansion To Aid Malaysians Fight Inflation KUALA LUMPUR: Third-generation food distributor Fandbee today announced its aggressive expansion plans to help Malaysians businesses and customers cope with the escalating food costs. The brand, previously known as Lee’s Fandbee, will be investing RM100 million to expand across Malaysia and southeast Asia by the end of 2022. Locally,
consumer confidence Consumer confidence in the US dropped to a three-month low US consumer confidence dropped in May to the lowest since February, underscoring the impact of decades-high inflation on Americans’ economic views. MIDF says the drop in confidence deteriorated as the American consumers anticipated no significant change in the economic momentum in the near term. In fact, confidence among American consumers
GDP RAM's new Malaysia GDP forecast at 5.8% RAM Ratings expects Malaysia’s economic growth to come in at 5.8% in 2022, lowered from its earlier projection of 6.8% in December 2021. The revision mainly reflects slower global economic growth amid the Russia-Ukraine war, the drag on consumption demand from higher inflationary pressures, and lower overall
global markets How big is inflation impact on the stock markets The FBM KLCI continued with its upward trajectory on Friday lifted by the heavyweights especially the banking stocks. The benchmark index up 0.23% or 3.65 points to end at 1,601.97 with gainers led by PBBANK, MAYBANK and HLBANK. Market breadth was negative with 538 losers against
consumer price index Inflation remains stable despite surging food prices Headline inflation rate stayed at 6-month low in Malaysia at +2.2%yoy in Mar-22, slightly lower than Bloomberg consensus +2.3%yoy. The non-food inflation stayed in deceleration mode as it hit more than a 1-year low at +1.3%yoy, in contrast to a further rise in food
consumer confidence Japan's consumer confidence is now lower with inflation woes Japan’s consumer confidence weakened for a third consecutive month in March, as COVID-19 curbs and rising prices dampened sentiment, an official survey showed on Friday. The sentiment index for general households fell to 32.8 in March from 35.2 in February, according to the Cabinet Office survey, says
china China's services sector faces a big setback in March China’s services sector activity is hit hard by a surge in Omicron with activity in the sector contracting at the sharpest pace in two years in March. The surge in coronavirus cases restricted mobility and weighed on demand, a private sector survey showed on Wednesday says Reuters. Services sector
Equity Why are major global equity markets turning mixed now? Major equity markets across the globe turned mixed last week amid the ongoing tension between Russia and Ukraine, and US inflation hitting a 40-year high of 7.9% on the back of rising fuel and food costs. It is worth to note, that among the markets that we track, DAX
inflation The unexpected fall in U.S. consumer sentiment Analysts note an unexpected fall in U.S. consumer sentiment, saying American buyers are getting pummeled from all sides. Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail.
consumption Inflation concerns not stopping consumer spending growth A report from MIDF says there are positive signs for the growth of consumer spending in Malaysia though inflationary concerns are not going away. “Continued expansion in the consumer spending reflected the effects of a pick-up in economic activities, steady recovery in the labour market and stable inflationary pressure,” it
inflation Warning: this inflation is hot! Inflation is a global problem and many countries are struggling to bring prices down or to control the fast rising prices. The cost of living in the United Kingdom continues to rise, putting pressure on both the FTSE index and the Bank of England. Inflation in the United Kingdom reached
inflation Singapore Jan core inflation is highest since Sept 2012 Singapore’s consumer prices continued to climb in January, with inflation expected to keep rising in the near term before easing, according to figures out yesterday. Singapore’s CPI inflation remained steady at a near 9-year high of +4%yoy for the second straight month in Jan-22, though slightly below
