Money: United States: It will be necessary to be "firm" to bring inflation to 2%

cost thrust in autumn: 9-euro ticket presses the German inflation for the time being

 cost thrust in autumn: 9-euro ticket presses the German inflation for the time being oil and eggs became more expensive, local transport was cheaper. Overall, the price increase dropped slightly. In autumn, however, experts fear re -inflation. © Photo: Arne Dedert/dpa In the second month in a row, inflation-also because of the nine euro ticket. tank discount and nine euro ticket dropped the German inflation rate in July the second month in a row . On average, goods and services cost 7.5 percent more than a year earlier, as the Federal Statistical Office confirmed an earlier est

USA-Fed-Bullard: United States: you will have to be "firm" to bring inflation to 2%

Washington (Reuters) - The Federal Reserve (Fed) is determined to increase its interest rates to bring back inflation, which has never been so high for four decades, to the target of 2% set by the American central bank, said Wednesday the president of the Saint-Louis branch, James Bullard.

"We are going to be firm and make it happen," said James Bullard in an interview with CNBC. "I think we can take strong measures and return to 2%."

Inflation not for the moment showing any sign of bending, the Fed will have to observe convincing elements - through the measures of overall inflation and basic inflation - of the reduction in pressures on prices before the Responsible for the program institute can have the feeling of doing enough.

Andrew Bailey accused of being asleep at the wheel as inflation set to hit almost seven times target

  Andrew Bailey accused of being asleep at the wheel as inflation set to hit almost seven times target The Bank of England faced a ferocious backlash after admitting inflation will pass 13 per cent. Bank Governor Andrew Bailey (pictured) was forced to deny he had been 'asleep at the wheel'.Bank Governor Andrew Bailey was forced to deny he had been ‘asleep at the wheel’ as he warned that Britain faced a lengthy recession.

Other Fed officials indicated Tuesday that the central bank was determined to bring its rates to a level likely to slow down economic activity more significantly and stop inflation.

Mary Daly, president of the Fed of San Francisco, also said herself "perplexed" in the face of bond market movements which integrate anticipations of a drop in rates in the first half of 2023.

She declared that she 'On the contrary was waiting for what the Fed continues to raise its rates for the moment and maintain them at this level "for a certain time", words that have triggered a sales movement in the markets of state loans.

Last week, the Fed noted its main interest rate of 75 basic points and its president, Jerome Powell, reported that another "unusually high" rate increase could be appropriate in September if inflation does not not decrease enough.

(report Lindsay Dunsmuir, Laetitia Volga Fraçis version, edited by Jean-Michel Bélot and Kate Entringer)

"It does not stop, this inflation!": In Turkey, the price of fuel explodes .
© AP - Francisco Seco in a shopping street in Istanbul, April 14, 2022. among all product categories, These are transport, the price of which has increased the most, with an annual price increase by 119%. This increase is first due to that of fuel prices, itself linked to the increase in energy prices on the world markets and to the fall in Turkish money. Unable to pay their full of essence as in the past, more and more Turks abandon their car.

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