Economy

Inflation will peak this year and outpace wage growth, Colorado analysts project

Consumers in Colorado, as around the country and world, are up against steeper increases in the price of goods and services than have been observed since the 1980s, legislative analysts told state lawmakers Thursday. Average consumer prices were 7.9% higher in January of this year than they were in January of 2021, the analysts reported. […]

Economy

A key inflation gauge rose 5.8% in 2021, most in 39 years – The Denver Post

By CHRISTOPHER RUGABER WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods. The report Friday from the Commerce Department also said […]

Economy

Fed doubles taper, signals three 2022 hikes in inflation pivot

WASHINGTON (BLOOMBERG) – Federal Reserve officials intensified their battle against the hottest inflation in a generation by shifting to end their asset-buying programme earlier and signalling they favour raising interest rates in 2022 at a faster pace than economists were expecting. Heralding one of the most hawkish policy pivots in years, the central bank said […]

Economy

New book to mark 20 years of Economist Service highlights work of public sector economists

SINGAPORE – Housing Board flat owners are four times more likely to make partial repayments on the mortgage of their home to reduce the interest they pay if they are made aware of the benefits of doing so. This was the finding of a behavioural study by the Ministry of National Development (MND) and HDB […]

Economy

Colorado’s economic recovery to retain momentum through April, new forecast says

Colorado’s economy may need several more months to regain the jobs lost during the pandemic, but in terms of output or GDP, it bounced back to pre-pandemic levels as of September, according to ColoradoCast, a new short-term economic forecast. “We are certainly in a growth mode in the Colorado economy. We don’t expect that to […]

Economy

Singapore firms slightly more upbeat for Q1 2022 amid Omicron uncertainties: Survey

SINGAPORE – Singapore companies are looking ahead to 2022 with renewed optimism, though uncertainties remain over the new Omicron variant driving a new Covid-19 wave, a business sentiment index out on Tuesday (Dec 7) showed. The forward-looking Business Optimism Index reached a two-year high as it climbed slowly from +5.78 percentage points in the fourth […]

Economy

China property market to keep cooling into H1 2022 on tight curbs: poll

BEIJING (REUTERS) – China’s property downturn is expected to continue into the first half of 2022, with home prices and sales falling as tight credit policies and a looming property tax dampen demand, a Reuters poll showed. The property sector, a key driver of growth in the world’s second-largest economy, has slowed sharply in recent […]

Economy

Singapore taking steps to mitigate challenges to sustainable financing: Indranee

SINGAPORE – Mobilising sustainable finance has its challenges, but Singapore is taking measures to mitigate them, said Minister in the Prime Minister’s Office Indranee Rajah on Monday (Nov 29). Speaking at a conference here, Ms Indranee said global leaders at the recent COP26 meetings in Glasgow, Scotland, had highlighted the importance of mobilising finance to achieve the […]

Economy

Markets see June liftoff on US rate hikes after Biden sticks with Powell to lead Fed

WASHINGTON (BLOOMBERG, REUTERS) – Traders are pricing in a ramp-up in tapering bond purchases by the US Federal Reserve and the potential for a June liftoff on rate hikes after President Joe Biden selected Jerome Powell to serve another four years as the central bank’s chair. Futures on the federal funds rate, which track short-term […]

Economy

Siemens launches revamped advanced manufacturing centre to support SMEs, train talent

SINGAPORE – Siemens has opened its doors to small and medium-sized enterprises (SMEs) in Singapore and beyond to help them upgrade their capabilities and develop new or improved products and solutions. The German multinational conglomerate unveiled on Friday (Nov 12) its revamped and newly expanded Advance Manufacturing Transformation Centre, dubbed AMTC 2.0, that will showcase […]