INFLATION

With Europe Plan in Place, All Eyes Turn to Fed

U.S. Federal Reserve
The ink is barely dry on European leaders’ plan to resolve the Greek / Europe debt crisis, and attention has already turned to the U.S. Federal Reserve. Is there enough liquidity in the global financial system or will Fed Chairman Ben Bernanke need to deploy more monetary stimulus to grease the wheels of commerce?

Consumers, Businesses Pump up U.S. Q3 Growth

Unleaded gas price is displayed at JJ's Express Gas Plus station in Phoenix gas station in Phoenix
U.S. economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.
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Wage rises lag well behind inflation - IDS

Private sector wage deals rose 2.6 percent in the three months to September, lagging well behind the inflation rate of 5.2 percent, while the pay of most public sector workers remained frozen.
RBI

RBI Signals End of Tightening Cycle

The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
India's Central Bank Governor Duvvuri Subbarao speaks at the BRICs finance ministers' news conference in Washington

India Central Bank Raises Rates

India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
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QE3 among Fed's remaining bullets, Dudley says

Another round of quantitative easing is a possible option for the central bank as it attempts to boost the slow U.S. economic recovery, one of the most influential Fed officials said on Monday.
Federal Reserve Bank of New York CEO William Dudley believes QE3 remains a viable option to "provide greater stimulus" to the economy

Fed's Dudley: Europe Among Economy's Big Headwinds

New York Federal Reserve President William Dudley said on Monday the U.S. economy still faces serious headwinds, including spillover effects from Europe, adding the central bank will continue to do everything within its power to help.
Argentina's Economy Minister Amado Boudou laughs next to President Cristina Fernandez de Kirchner during a news conference in Buenos Aires

Fernandez Sweeps to Re-Election in Argentina

Argentina's fiery center-leftist president, Cristina Fernandez, swept to a landslide re-election victory Sunday, crowning a comeback that seemed unthinkable for much of her turbulent first term.
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China Inflation Seen Below 5 Percent by November: Report

China's consumer inflation is likely to ease below 5 percent by November and December, a senior official at the country's economic planner said in remarks published on Monday, raising hopes Beijing can contain prices that have held near three-year highs.
Bank of Canada

Annual inflation jumps higher in September

Canada's annual inflation rate remained above the central bank's traditional comfort zone in September as consumers were hit by higher gasoline and food prices, according to Statistics Canada data on Friday.
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Underlying inflation pressures ease

U.S. consumer prices outside food and energy rose at their slowest pace in six months in September, a sign broad inflation pressures remained contained.

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