inflation

Home Depot Posts Strong Quarterly Profits, But Warns Of Poor Outlook For Coming Year

Home Depot Forecasts Weak 2024 Sales Expectations Amid Inflation

Despite being the lead home improvement company, Home Depot is feeling the effect of high mortgage rates and inflation after a weak sales report and forecast.

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Hungary Central Bank Makes Another Rate Cut as Inflation Drops

Hungary Central Bank Makes Another Rate Cut as Inflation Drops

The central bank of Hungary is expected to press ahead with monetary easing in 2024 due to the sharp drop in inflation last month.

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Vladimir Putin Issues Rare Apology for the Price of Eggs as Russia's Inflation Soars

Vladimir Putin Issues Rare Apology for the Price of Eggs as Russia's Inflation Soars

Russian President Vladimir Putin has issued a rare apology for Russia's inflation problem, which resulted in the soaring of egg prices this week.

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Joe Biden Slams Corporations Over Soaring Consumer Prices, Says 'It’s Time to Stop the Price-Gouging'

Joe Biden Slams Corporations Over Soaring Consumer Prices, Says 'It’s Time to Stop the Price-Gouging'

President Joe Biden has criticized corporations for maintaining high consumer prices despite a slowdown in the rate of inflation.

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Turkey Prices Drop, Making Thanksgiving Dinner Cheaper This Year, Says American Farm Bureau Federation

Turkey Prices Drop, Making Thanksgiving Dinner Cheaper This Year, Says American Farm Bureau Federation

The traditional Thanksgiving gathering is poised to become more accessible to households nationwide as the American Farm Bureau Federation reported a downward trajectory in turkey prices.

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Hedge Fund Elliot Confesses It's Really Scared Of Inflation

Elliot management warns investors of a high possible rapid inflation.

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Key Challenges in Philippine's Trade and Investment Sectors

Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the economy.

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Brexit Will Endanger UK Financial Sector,BlackRock Inc Said

The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decision is taken.

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Deeper recession, faster CPI, higher rate squeezing Brazil

The Brazil's central bank will be under pressure to raise interest rate in 2016 amid gripped into the deepening recession. The borrowing cost is expected to rise by 0.25 percent next year. Brazil is suffering from rising inflation and easing productivity.

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Colombian central bank hints at rate hike

The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.

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South Africa's inflation up at 4.8% in November

Falling in line with the economists' forecast, the inflation rate in South Africa rose to 4.8 percent in November, registering its highest since July 2015. Consumer prices marginally rose 0.1 percent during the month. South Africa's currency Rand fell against US dollar, euro and pound. The currency depreciation is likely to be a major risk to the inflation outlook.

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Elizabeth Warren Introduced Bill Providing Special Bonus to Social Security Recipients

Sen. Elizabeth Warren, D-Mass.presented a bill that would pay social security beneficiaries a one-time stipend intended to balance the absence of a cost living adjustment in 2016. Investment News reported that Warren's arrangement calls for the elimination of a tax reduction that allows companies to discount CEO rewards, authorizing the cash to pay those on Social Security.

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Argentina Economic Inflation is as much as 35 percent annually

As the November 22 presidential election is fast approaching, the economic inflation of 35 percent a year is one of the major issues that the next president of Argentina will have to face.

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Mixed Reaction in Asian Market As U.S. High Job Rates and Possible Fed Hike

U.S. jobs rate shows highest employment rate in seven years and dollar stays at seven month high. While Japanese and Chinese shares up, Asian stock markets were mixed as condition supports the case for Feds rate hike in December.

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Two Fed officials say rate hike likely next month

There is a possibility of an interest rate hike next month, according to two senior officials of the Federal Reserve. Speaking before the House Financial Services Committee during a hearing on financial regulation, Fed Chairperson Janet Yellen said the economy had been growing at a pretty good clip, an indication it might be time to raise short-term interest rates.

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