INFLATION

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Chavez declares war on currency speculators

Venezuelan authorities have raided four money-changing businesses and arrested one man in the start of a clampdown on what President Hugo Chavez calls capitalist speculators distorting the currency market.
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Gold: A lot depends on Akshay Tritiya

Will it or won't it? That is the million dollar question haunting global bullion market analysts now. With Akshay Tritiya being celebrated in India on May 6, global bullion market is eagerly waiting for the response Indian buyers are about to give to the auspicious day. Akshay Tritiya is Indian Hindus' auspicious day to buy gold when Hindu families flock to jewellery shops to buy new ornaments. However, this time around bullion analysts in London and Singapore are skeptical about the response fr...
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PIMCO's El-Erian says U.S. inflation may accelerate

Although price pressures in the U.S. economy are currently muted, inflation could accelerate in the United States in the next three to five years, the world's biggest bond fund management company said on Thursday.
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Jobless claims highlight challenges facing labor market

The number of U.S. workers filing for jobless benefits fell only slightly last week, highlighting the challenges facing the labor market, while import prices pointed to tame inflation, according to government data released on Thursday.
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Gold flies to record again, dual boost from bailout

Gold climbed to a second successive record high on Wednesday as investors bet that a proposed $1 trillion European rescue will either fail to prevent a worsening euro zone crisis or will stoke inflation.
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Now, trillion $ concerns boost gold

After the initial surprise and shock generated by the Euro rescue mission worth $1 trillion, the ominous economic woes loomed large over the global markets and as a result the safe haven quotient of gold soared again and the yellow metals again started its upward journey with the prices jumping above $1,200 per ounce levels. Mostly the gold futures market across the globe witnessed the surge as investors were skeptical about the IMF-EU-sponsored bailout package for the Euro zone.
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Lacker: Fed must not wait too long to raise rates

U.S. policy-makers must not wait too long to raise interest rates with inflation unlikely to stay at low levels as the economic recovery picks up steam, a top Federal Reserve official said on Tuesday.
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China prices point to tightening, but not immediately

Chinese annual inflation pushed up to an 18-month high in April and property prices rose at a record clip, showing that the government still has its work cut out to keep the world's third-largest economy from boiling over.
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Rising prices point to more China tightening

Chinese annual inflation pushed up to an 18-month high in April and property prices rose at a record clip, showing that the government still has its work cut out to keep the world's third-largest economy from boiling over.
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Jobless claims dip, productivity growth slows

U.S. productivity grew solidly in the first quarter, although not as fast as in previous periods, and data also showed the number of U.S. workers filing claims for jobless aid fell slightly last week.
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Fed's Rosengren: Ultra-low rates still needed

The economy is showing signs of improvement but the recovery still has a long way to go and ultra-low interest rates are still needed, a top Federal Reserve official said on Wednesday.
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Forex - Japan panel calls for targets on yen, inflation

A Japanese ruling party panel called on the government and the Bank of Japan on Thursday to make utmost efforts to keep the yen at appropriate levels as part of efforts to pull the world's No.2 economy out of deflation.
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Gold may touch $1,300, scrap sales to go up

With bullion analysts predicting a rise in gold prices following the European crisis and the Chinese crackdown on realty, scrap gold sales are set to shoot up. Scarp gold sales are normally up at a time when the gold prices go up as several people rush in to book profits. In April, India witnessed a surge in sales of old gold jewellery after remaining more or less tepid since the beginning of the new year. A consumer who wishes to sell old jewellery to a scrap trader is a contributor to recycled...
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Factories accelerate, consumer spending up

Manufacturing, construction and consumer spending data on Monday all bode well for the economic recovery, with factories' activity growing at the fastest pace in nearly six years.
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China raises required reserves as inflation stirs

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.
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Consumer spending up, savings at 18-month low

U.S. consumer spending rose in March for a sixth straight month as households pushed savings to a 1-1/2 year low, further evidence consumers were starting to take a bigger role in the manufacturing-led recovery.
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Forex - China raises required reserves as inflation stirs

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise. The People's Bank of China said it was lifting lenders' reserve requirement ratio by 50 basis points, effective May 10, its third increase of that magnitude this year.

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