IMF Managing Director Kristalina Georgieva urged central banks to keep a prudently hawkish bias as Brent crude tops $100 and US 30-year Treasury yields hit 5.73%, with the Fund’s Bangkok meetings opening October 12.
Tag: inflation
Posted inEconomy
Eurozone Inflation Hits 3.8% in September on 18.8% Energy Surge
Euro area consumer prices rose to 3.8% in September 2026, their highest since September 2023, with energy costs up 18.8% year-on-year as Middle East conflict keeps oil prices elevated.
Posted inEconomy
Bessent Says US Core Inflation Is Near 2.3% and Q3 GDP Will Exceed 3%
Treasury Secretary Scott Bessent said Tuesday that US core inflation had retreated to around 2.3 percent and third-quarter GDP growth would likely exceed 3 percent, pushing back against recession concerns after September’s weak jobs print.
Posted inEconomy
August Core PCE Undershoots at 3.0%, Cooling Second Fed Hike Bets
The Fed’s preferred inflation gauge rose 3.0% on a core basis in August, below the 3.3% forecast, easing pressure for a second consecutive rate hike at the October FOMC meeting.
Posted inEconomy
August PCE Inflation Seen Rising to 3.4%, Fuelling Second Fed Hike Bets
Markets brace for August core PCE data due September 30, forecast at 3.4% year-over-year, above July’s 3.3% and well above the Fed’s 2% target.
Posted inEconomy
RBA Raises Rate to 4.6% for Fourth Time in 2026, Flags Further Hikes
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.6% on Tuesday in a unanimous decision, citing Middle East energy disruption and AI-driven technology price pressures as the main drivers of persistent inflation.
Posted inEconomy
China Industrial Profit Growth Slows to 4.2% in August as Demand Weakens
China’s National Bureau of Statistics reported Monday that industrial profit growth fell to 4.2% year-on-year in August, sharply down from 11.2% in July, as weak domestic demand offset an AI-driven surge in electronics.
Posted inEconomy
US 10-Year Treasury Yield Hits 5.17%, Its Highest Level Since 2007
A blowout US business activity survey and a weak $70 billion auction pushed the 10-year yield to 5.17 percent on September 25, its highest since 2007.
Posted inEconomy
Norges Bank Raises Rate to 4.50% and Warns It May Hike Again
Norges Bank raised its benchmark rate 25 basis points to 4.50% on Thursday, its second hike of 2026, with Governor Bache warning rates must stay elevated until inflation returns to target.
Posted inEconomy
ECB’s Kocher Warns Inflation Must Not Entrench as Eurozone Economy Stays Fragile
ECB Governing Council member Martin Kocher said on Thursday the central bank must prevent excessively high inflation from becoming entrenched, reinforcing a data-dependent hawkish stance.