Determining the payback period of a solar thermal system will help close the sale.

India's wholesale price index (WPI) inflation rate rose to 2.36 per cent in October 2024, up from 1.84 per cent in September, largely driven by increased prices in food items, manufacturing, machinery, and motor vehicles. The WPI index rose to 156.1, with manufacturing products increasing to 142.5. Primary articles saw a 2.35 per cent rise, while fuel and power decreased by 0.27 per cent.

• Risks to the jobs market have remain unchanged or have fallen
• Fed may be on the 'last mile' to price stability, inflation expected to converge to 2% over the medium term
• Monetary policy well posited, Fed can 'judiciously and patiently' judge income data to decide on further rate cuts
• Strong economy on track for a 'solid' fourth quarter
• Growth is broad-balanced and driven by consumption, income growth, productivity, supportive financial conditions and wealth effects
• Recent high productivity could prove durably structural but that remains uncertain
• Core inflation remain elevated
• Pressure in services industries slowly abating

This is the third Fed official who has floated some more-hawkish hints. It's hardly a signal of a pause in December but early 2025 is going to be interesting. There are meetings in January, March and May. Assuming a cut in Dec, there is one cut fully priced in for that period (and a smidge more).

That sounds about right based on the comments and data but that's going to swing based on the next set of numbers and beyond.

UBS remain upbeat on further Federal Reserve interest rate cuts to come. Analysts at the bank acknowledge heightened concerns about inflation in the market, and also trimmed market pricing for cuts ahead.

Ahead of Wednesday's CPI report (Forexlive Americas FX news wrap 13 Nov: US CPI comes out as expected. USD continues rise) UBS points:

• Economic data signals a stronger-than-expected economy. Concerns about inflation remain

• Market expectations lean towards a slower pace of Fed rate cuts

• Fed officials view the current rate as restrictive but are balancing employment and inflation goals. A major inflation surprise would be required to shift policy outlooks.

• The Fed is likely to continue rate cuts, with a potential 25 basis point cut in December and further easing expected in 2025.

And, the data result was not enough to dissuade analysts at UBS from expecting further cuts from the FOMC ahead, referring to the in line CPI print not changing the underlying fundamentals and economy narrative.

***

The latest from FedWatch shows a solid expectation for a 25bp cut on December 18:

Reserve Bank of Australia Governor Bullock

• bond markets pretty well behaved globally
• bond markets reflecting increasing government debt
• think we are restrictive enough, will stay there until confident on inflation

More:

• recent inflation had both supply- and deand-sdie components
• aim is to lower inflation
• prices not going back to pre-covid level, that would be deflation and not going to have that

• Inflation has come down quite a lot
• Recent data on prices are heading towards our 2% goal
• If inflation converges towards our goal, then monetary policy will respond accordingly

This just reaffirms their current stance and market pricing for a rate cut in December. The question now is, how much will the ECB move by? The odds of a 25 bps rate cut are at ~63% with the remainder pinned to a 50 bps move instead.

Bata India is adjusting its strategies due to changing consumer spending patterns. The company is introducing more affordable products and partnering with quick commerce platforms like Zepto to cater to budget-conscious consumers while continuing its premiumization efforts and offline expansion plans.

India's wholesale price index rose to 2.36 percent in October. Food prices increased, pushing retail inflation to a 14-month high. The Reserve Bank of India held its benchmark interest rate steady. The central bank maintained its inflation forecast for the fiscal year at 4.5 percent. Food price volatility remains a concern for inflation and economic stability.

The National Institute of Statistics and Census of Argentina (INDEC) revealed on Tuesday that it had documented an inflation rate of 2.7 percent in the country for October.

The post Argentina’s Inflation Drops to 2.7% in October, Lowest in 3 Years appeared first on Breitbart.

Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading reinforced expectations that the Fed would cuts rates again in December. The CPI came in line with expectations, accelerating slightly to an annual inflation rate of 2.6%. Core CPI, which straps out…

Inflation remains substantially lower than it did during its 2022 peak — but Americans are still frustrated with high prices.

Liberals keep claiming that Joe Biden’s economy is doing wonderfully, yet inflation continues to skyrocket, hitting the middle and lower classes particularly hard. By the end of October, for instance, inflation jumped again with the Consumer Price Index increasing 0.2 percent, according to Wednesday’s report from the Bureau of Labor Statistics. Per CNBC: Inflation perked […]

The post Inflation Still Skyrocketing Under Joe Biden’s ‘Great’ Economy appeared first on The Lid.

Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle in January.

Consumer Price Index inflation increased 0.2% in October for an un-adjusted annual rate of 2.6%, meeting expectations, according to the Bureau of Labor Statistics.

British shoppers faced renewed pressure on their budgets in October after grocery price inflation edged higher for the second month in a row, industry data showed this week. Market researcher Kantar said annual grocery price inflation was 2.3 per cent in the four weeks to Nov. 3, having been 2.0 per cent in the previous […]

The commentariat exaggerates the risks of a Trump-induced inflation.

The report adds that inflation is likely to average around 4.8 per cent to 4.9 per cent for financial year 2025, higher than the RBI target of 4.5 per cent

Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms

Food and beverage inflation for October compares with 8.4% in September, led by an increase in seven of the 12 food groups. Vegetables inflation reached a 57-month high of 42.2% from 36.0% in September, exerting upward pressure on the overall CPI.”

Firm inflation and hawkish signals rule out December rate cuts, says DBS Bank; but slowing growth may sway RBI, notes Barclays Research 

October’s inflation peak may soon be followed by a moderation, supported by a favourable winter season and increased availability of kharif produce

Supply chain efficiencies are a must to offset price increase due to rising input costs and the inevitable increases in support prices

The BSE Sensex fell 189.68 points or 0.24 per cent to 78,485.50, while the NSE Nifty declined 98 points or 0.41 per cent to 23,785.45 in early trade

The sell-off was broad-based, with mid and small-cap stocks bearing the brunt of the selling pressure

From the 30-share Sensex pack, Mahindra and Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the biggest laggards. Tata Motors, NTPC, Hindustan Unilever, Asian Paints and Infosys were the gainers.

1. US stocks rise after in-line inflation data firm up December rate-cut bets  Investing.com India
2. Stocks Eye Fresh Peak as CPI Boosts Rate-Cut Bets: Markets Wrap  Mint
3. Dow rises 100 points as as traders assess state of postelection rally, new inflation data: Live updates  CNBC
4. Yields Sink as CPI Puts December Fed Cut in Play: Markets Wrap  Bloomberg

Muted quarterly earnings and weak trends in global markets were also the spoilsport for the markets, traders said

From the 30-share Sensex pack, Mahindra & Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the biggest laggards

We are seeing rising downside risks to our GDP growth projections of 6.7 per cent y-o-y in FY25 and 6.8 per cent in FY26, says Nomura

In this new era of stagflation it's important to remember that inflation is caused by expectations as much as by reality. If people and companies expect prices to go up, they'll start charging more for their products and services -- which is inflation. Inflation will only abate when expectations change.

So when we see a chart like this one it's not only that President Biden's policies created inflationary conditions, his policies also created the self-fulfilling expectation of inflation.

Presidents Obama and Trump spent boatloads of borrowed money and ran up the deficit, but something about President Biden (and, of course, the global environment) really spooked people.

Many people I talk to are eager for "prices to get back to normal", but that's not how inflation works. Medora Lee does a good job reminding us of that.

When talking about inflation, it's important to remember that inflation is a rate that measures how fast prices are rising. If the consumer inflation rate drops from its 40-year high of 8.6% in May, prices are still rising - just not as fast.

Consumers won't feel immediate relief even as the inflation rate slows because many of those elevated prices are likely here to stay, said Michael Ashton, managing principal at Enduring Investments in Morristown, NJ.

"The price level has permanently changed," said Ashton. "Until your wages catch up (to inflation), it will continue to hurt."

Even when inflation returns to target 2% levels, prices won't return to "normal" 2019 levels. Prices will continue to grow, but at a slower and more predictable rate.

"Once core prices go up, generally they don't come down," Roussanov said. "In the last 40 to 50 years, we've never seen deflation in core goods. Most durable goods and services don't really come down in price."

And deflation is more dangerous than inflation because it can lead to a total economic collapse. When people believe that their money will buy more in a year than it will now, they stop consuming and just wait.

Additionally, modest, predictable inflation is seen as a sign of a growing economy. It incentivizes people to spend money now rather than waiting, allows wages to increase either in line or above inflation to boost the standard of living and makes it easier for businesses to plan, according to the Federal Reserve and IMF.

Some of Britain's biggest retailers have warned the chancellor that last month's budget will stoke inflation in the economy and spark job losses as tax hikes add nearly £2.5bn to the industry's annual tax bill.

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Inflation on the Rise: भारत में खुदरा मुद्रास्फीति में वृद्धि और औद्योगिक उत्पादन में मजबूत सुधार के बीच एनडीटीवी की साक्षी बजाज ने भविष्य में आने वाले समय और दीर्घ अवधि में भारत की अर्थव्यवस्था की स्थिति पर बात की.

1. Annual inflation rate hit 2.6% in October, meeting expectations  CNBC
2. Live: Analysis of US CPI Report for October  Bloomberg
3. Right before the election, inflation rose to 2.6 percent annual rate  The Washington Post
4. CPI Report: Live Updates on Inflation  The New York Times

Prices in the US rose 2.6% over the 12 months to October, driven by more expensive food and groceries.

Soaring vegetable prices undermine expectations for a dovish approach in the upcoming monetary policy meeting

The annual rate, the slowest since February 2021, falls short of economists' 2.6% projection.

Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin.

The post Stocks and bitcoin soar after Trump’s victory, while inflation worries rise; Dow surges 1,200 appeared first on Boston.com.

Washington – The Department of Labor has published a final rule increasing civil penalty amounts for violations to adjust for inflation.

Washington — The Department of Labor has published a final rule raising civil penalty amounts for violations 1 percent to adjust for inflation.

Washington — The Department of Labor has raised civil penalty amounts for violations around 1 percent to adjust for inflation, effective Jan. 23.