The United States and China, the world's largest economies, are on divergent monetary policy paths that are spelling some headaches.
has basically stalled
. Producer prices in June fell 5.4% year-on-year, the ninth consecutive drop and sharpest decline since December 2015. Consumer prices were unchanged compared with a year ago. Both figures were worse than predicted — economists had expected PPI to drop 5% and CPI to increase 0.2%.Beijing has so far cut rates in June and pledged "targeted and coordinated policy, which would be implemented in a timely manner.
On the other side of the Atlantic, market watchers are intently watching U.S. inflation data due later this week. Will these offer more signs that the Fed will hike rates? , its lowest annual rate in more than two years, but core inflation rose by 0.4% month-on-month and 5.3% year-on-year." in their battle against inflation, as several factors keep core prices persistently high, according to top Societe Generale economist Kokou Agbo-Bloua.and the apparent resilience of the economy means the market is pricing around a more than 90% chance that the Fed will hike rates to a range of between 5.25% and 5.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
CNBC Daily Open: Monetary policy divergenceSummary
Les mer »
CNBC Daily Open: June’s jobs report won’t deter Fed from hikesThere were 50,000 fewer jobs than forecast in June. But that's not enough for the Federal Reserve to hold interest rates steady at its upcoming meeting.
Les mer »
CNBC Daily Open: June’s jobs report won’t stop rate hikesThere were 30,000 fewer jobs than forecast in June. But that's not enough for the Federal Reserve to hold interest rates steady at its upcoming meeting.
Les mer »
EUR/HUF: EU relations and monetary policy to remain fundamental negative factors for the Forint – CommerzbankEUR/HUF: EU relations and monetary policy to remain fundamental negative factors for the Forint – Commerzbank EURHUF Hungary InterestRate Europe Banks
Les mer »
Global Temperature Records Keep Breaking. Here's How We Track a Warming Earth.World daily temperature records have been smashed this week, according to preliminary data.
Les mer »
Kids are having a ball at camp; please donate to Send A Kid to CampThanks to Arizona Daily Star readers Southern Arizona boys and girls are going to summer camp.
Les mer »