Oil slides and bond yields down on Iran supply hopes Crude has fallen below $US80 and bond yields are lower on optimism about Iranian oil hitting the market, while stocks have been steady as chip selling eases. AAP · Jun 17
8th Pay Commission news: Defence employee body demands new inflation index to calculate 8th CPC DA, DR, revised pay The All India Defence Employees’ Federation (AIDEF) has urged the 8th Pay Commission to replace the AICPI-IW-based inflation measure with a dedicated cost-of-living index for central government employees and pensioners. It argues the revised CPI underestimates rising expenses on food, healthcare, housing and education, leading to inadequate DA, DR, pay… The Economic Times · Jun 17
Global Market Today: Asian stocks edge lower with Fed decision in focus Asian stocks declined, mirroring Wall Street's tech sell-off as investors await the Federal Reserve's policy decision under Chairman Kevin Warsh. Oil prices eased, tempering inflation concerns, while markets remain divided on the Fed's future rate path amid an emerging US-Iran peace deal. The Economic Times · Jun 17
Food inflation may not reach worst-case scenario but will last longer – industry Latest predictions suggest households with children would need to find an extra £203 for food and drink this year, and another £207 next year. Evening Standard · Jun 16
Why are oil prices down while gold and silver prices up today? Reasons behind crude oil fall, precious metals rally, analyst insights and market outlook Why are oil prices down while gold and silver prices up today? Oil prices fell to a three-month low as hopes grew that the Strait of Hormuz could reopen under a proposed U.S.-Iran agreement. At the same time, gold and silver prices moved higher because lower oil prices reduced inflation… The Economic Times · Jun 16
Dollar Slips on Weak US Housing News and Lower Crude Prices The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the dollar. Also, Tuesday’s -5% fall in WTI crude oil to a 3.5-month low was bearish for the dollar, as it lowers inflation expectations and could prompt the Fed... Barchart · Jun 16
Japan Raises Interest Rates To 31-Year High As War-Driven Energy Costs Fuel Inflation Concerns Japan's central bank raised interest rates to their highest level in more than three decades, tightening monetary policy as the country grapples with inflationary pressures. International Business Times · Jun 16
Stuck in acres of mediocre: External shocks expose India's slide into middle-income stagnation India's economy is experiencing a slowdown. High growth and low inflation mask underlying issues of weak demand and poor productivity. This situation is pushing India towards a middle-income trap, a path previously taken by other nations. External shocks are highlighting structural weaknesses like jobs and wages crises. The Economic Times · Jun 16
AAP · Jun 16 FED:Slowing economy could shut the door on more rate hikes Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.
AAP · Jun 16 Slowing economy could shut the door on more rate hikes Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.
The Guardian - US · Jun 16 US small business owners: how are you operating in the current economic climate? We would like to hear from small business owners in the US about how they’re adapting to challenges such as inflation
The Guardian - AU · Jun 16 Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises
Evening Standard · Jun 16 UK inflation set to bounce back to 3% Airfare inflation and vehicle duty are expected to have driven a fresh increase in inflation for last month.
Barchart · Jun 16 Dollar Little Changed on Weak US Housing News The dollar index (DXY00 ) is little changed today. Weaker-than-expected reports today on US May housing starts and building permits are undercutting the dollar. Also, today's -3% fall in WTI crude oil to a 3.25-month low is bearish for the dollar, as it lowers inflation expectations and could prompt the...
The Economic Times · Jun 16 Kevin Warsh takes Fed pulpit with immediate challenges, longer-term agenda Federal Reserve Chairman Kevin Warsh leads his first policy session, sending ripples through the investment community eager for clues on monetary policy shifts. With a preference for brevity in his public declarations, Warsh encounters the challenge of aligning expectations for rate cuts with the latest inflation figures.
Salon · Jun 16 Are rural white folks done with Trump? President's lies about the failing economy are catching up to him. UFC Freedom 250 won't fix that
International Business Times UK · Jun 16 One Headline Tanked Oil Markets — So Why Is Gold Still Near Record Highs? Gold prices surge as US-Iran peace deal alleviates inflation concerns. Analysts predict gold could reach $10,000 per ounce by 2030, driven by central bank purchases and geopolitical factors.
Barchart · Jun 16 Stock Index Futures Muted After Three-Day Rally, FOMC Meeting in Focus June S&P 500 E-Mini futures (ESM26) are down -0.01%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.01% this morning, taking a breather after a three-day rally, while investors turn their attention to the first Federal Reserve meeting under Kevin Warsh.
Kiplinger · Jun 16 50% of Retirees Will Need Long-Term Care at 85: How Will Your Retirement Plan Today Address That? Do you know how you'll afford to age in place, help kids and grandkids now and after you pass and avoid making compromises on your healthcare?