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(Photo: Unsplash/Representational)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-01T05:30:00.727591+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSome investors believe that Bitcoin has the ability to outperform inflation\u003c/li\u003e\n \u003cli\u003eAccording to JPMorgan, bitcoin is replacing gold as a hedge against inflation\u003c/li\u003e\n \u003cli\u003eIn India consumer price inflation remained higher than the RBI's target of 4%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656642827182,\\\"strCount\\\":3575,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There are various reasons for people to invest in \u003ca href=\\\\\\\"https://opoyi.com/us-becomes-worlds-cryptocurrency-epicenter-after-china-ban\\\\\\\"\u003ecryptocurrencies\u003c/a\u003e. While some people desire to book profits, others see this as a quick method to increase their wealth. Others, on the other hand, consider it as a store of worth. However, the majority of them would agree that cryptocurrency, particularly \u003ca href=\\\\\\\"https://opoyi.com/bitcoin-crosses-66000-mark-as-mainstreaming-cryptocurrency-gains-momentum\\\\\\\"\u003eBitcoin\u003c/a\u003e, is an excellent inflation hedge. That is, when \u003ca href=\\\\\\\"https://opoyi.com/twitter-ceo-jack-dorsey-says-hyperinflation-will-hit-us-and-world-soon\\\\\\\"\u003einflation\u003c/a\u003e grows, the value of money falls.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/fancy-investing-in-squid-game-cryptocurrency-heres-all-you-need-to-know?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003e\u003cb\u003eFancy investing in Squid Game cryptocurrency? Here's all you need to know\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To combat this reoccurring issue, many people invest in assets that are likely to appreciate faster than inflation. This technique guarantees that the net worth of their investment stays positive despite the fact that inflation eats away at the value of their savings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/twitter-ceo-jack-dorsey-says-hyperinflation-will-hit-us-and-world-soon\\\\\\\"\u003eTwitter Ceo Jack Dorsey says 'hyperinflation' will hit US and world soon\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin's remarkable increase over the last few years has led investors to believe that it has the ability to outperform inflation. As a result, rather than investing in gold or real estate, many of them are investing in the cryptocurrency sector.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/bitcoin-crosses-66000-mark-as-mainstreaming-cryptocurrency-gains-momentum\\\\\\\"\u003eBitcoin crosses $66,000 mark as mainstreaming cryptocurrency gains momentum\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to JPMorgan, Bitcoin, the world's largest cryptocurrency, is replacing gold as a hedge against inflation, propelling the recent run. The debut of the Bitcoin Strategy ETF, which became the fastest ETF to reach $1 billion in assets under management (AUM), has sparked interest in the cryptocurrency community. It has also focused attention on Gold ETFs and their six-month downward spiral.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/blockchain-attraction-five-indian-celebrities-in-the-nft-game\\\\\\\"\u003eBlockchain attraction: Five Indian celebrities in the NFT game\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a recent note sent to investors, JP Morgan said many investors are choosing Bitcoin over gold as a hedge against inflation. “The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge,” the note said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/us-announces-cryptocurrency-enforcement-team-to-tackle-cyberattacks\\\\\\\"\u003eUS announces 'Cryptocurrency Enforcement Team' to tackle cyberattacks\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During this time, investment in gold ETFs have dropped by more than $40.8 billion. Furthermore, the yearly return on investment for some of the best-performing gold ETFs has fallen by up to 6%. (ATI).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/crypto-transactions-surge-641-as-defi-dominates-indian-market-says-report\\\\\\\"\u003eCrypto transactions surge 641% as DeFi dominates Indian market, says report\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For much of last year, consumer price inflation in India remained higher than the Reserve Bank of India's objective of 4%. With global crude oil prices rising, many people are anxious that inflation may climb more in the short term.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"JPMorgan","slug":"jpmorgan","id":"uvPbG4QGB0lw"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"gold","slug":"gold","id":"wsF5Ohik63VD"},{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh"},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-01T05:30:00.483233+00:00","publisher":0,"sourceFeed":null,"cleanText":"There are various reasons for people to invest in cryptocurrencies. While some people desire to book profits, others see this as a quick method to increase their wealth. Others, on the other hand, consider it as a store of worth. However, the majority of them would agree that cryptocurrency, particularly Bitcoin, is an excellent inflation hedge. That is, when inflation grows, the value of money falls. Also Read | Fancy investing in Squid Game cryptocurrency? Here's all you need to know,To combat this reoccurring issue, many people invest in assets that are likely to appreciate faster than inflation. This technique guarantees that the net worth of their investment stays positive despite the fact that inflation eats away at the value of their savings. Also Read| Twitter Ceo Jack Dorsey says 'hyperinflation' will hit US and world soon,Bitcoin's remarkable increase over the last few years has led investors to believe that it has the ability to outperform inflation. As a result, rather than investing in gold or real estate, many of them are investing in the cryptocurrency sector. Also Read| Bitcoin crosses $66,000 mark as mainstreaming cryptocurrency gains momentum,According to JPMorgan, Bitcoin, the world's largest cryptocurrency, is replacing gold as a hedge against inflation, propelling the recent run. The debut of the Bitcoin Strategy ETF, which became the fastest ETF to reach $1 billion in assets under management (AUM), has sparked interest in the cryptocurrency community. It has also focused attention on Gold ETFs and their six-month downward spiral. Also Read| Blockchain attraction: Five Indian celebrities in the NFT game,In a recent note sent to investors, JP Morgan said many investors are choosing Bitcoin over gold as a hedge against inflation. “The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge,” the note said. Also Read| US announces 'Cryptocurrency Enforcement Team' to tackle cyberattacks,During this time, investment in gold ETFs have dropped by more than $40.8 billion. Furthermore, the yearly return on investment for some of the best-performing gold ETFs has fallen by up to 6%. (ATI). Also Read| Crypto transactions surge 641% as DeFi dominates Indian market, says report,For much of last year, consumer price inflation in India remained higher than the Reserve Bank of India's objective of 4%. With global crude oil prices rising, many people are anxious that inflation may climb more in the short term.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"bitcoin gold inflation, bitcoin inflation, jp morgan bitcoin gold inflation, bitcoin hedge inflation, rbi inflation, india inflation","originalPublishedOn":"2021-10-24T13:20:00+00:00"}},{"node":{"id":"lqSQOfX5U6fn","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-10","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Thursday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-30T15:45:27.247945+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq Composite fell 289.58 points or 2.59% to 10,888.31\u003c/li\u003e\n \u003cli\u003eThe yield on the 10-year Treasury slipped to 3.02% from 3.09% late Wednesday\u003c/li\u003e\n \u003cli\u003eUS crude oil prices slipped 3.4%, but are still up 43% in 2022\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656603928456,\\\"strCount\\\":4670,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks fell sharply in early trading on \u003ca href=\\\\\\\"https://opoyi.com/topic/wallstreet\\\\\\\"\u003eWall Street\u003c/a\u003e Thursday and are moving to cap off their worst quarter since the early days of the pandemic. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 68.72 points or 1.80% as of 10:19 a.m. Eastern time zone. The benchmark index has been on a falling streak that dragged it into a \u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003ebear market\u003c/a\u003e earlier this month and is now down 21% for the year. It is close to ending its worst quarter since the beginning of 2020.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/substack-fires-14-of-its-work-force\\\\\\\"\u003eSubstack fires 14% of its work force\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 503.28 points or 1.62% to 30,526.03. The Nasdaq Composite fell 289.58 points or 2.59% to 10,888.31. Small-company stocks also fell. The Russell 2000 slipped 1.6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/amazons-cashierless-systems-data-to-be-shared-with-brands\\\\\\\"\u003eAmazon’s cashierless systems: Data to be shared with brands\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the 10-year Treasury, which helps decide mortgage rates, slipped to 3.02% from 3.09% late Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retailers and other companies that depend directly on consumer spending were posting some of the biggest losses, as they have all year. \u003ca href=\\\\\\\"https://opoyi.com/topic/amazon\\\\\\\"\u003eAmazon\u003c/a\u003e slid 4.8% and Target fell 3.2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/russia-approves-tax-exemptions-for-issuers-of-digital-assets-cryptocurrency\\\\\\\"\u003eRussia approves tax exemptions for issuers of digital assets, cryptocurrency\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Soaring inflation has been the reason behind the slump for the broader market this year as businesses raise prices on every commodity from food to clothing and consumers are squeezed tighter. \u003ca href=\\\\\\\"https://opoyi.com/english/inflation-gun-violence-sinks-bidens-approval-rating-to-record-low-report\\\\\\\"\u003eInflation\u003c/a\u003e remains stubbornly high, according to a slew of recent economic updates and central banks have been aggressively hiking interest rates to try and slow economic growth to control inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/repo-task-force-seized-over-300-billion-in-russian-assets-after-ukraine-invasion\\\\\\\"\u003eREPO task force seized over $300 billion in Russian assets after Ukraine invasion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A measure of inflation that is closely watched by the Federal Reserve surged 6.3% in May from the year-ago period, unchanged from its level in April. The Commerce Department report on Thursday said that consumer spending rose at a sluggish 0.2% rate from April to May.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/coca-cola-loses-bid-to-revoke-indian-soft-drink-trademarks-in-us\\\\\\\"\u003eCoca-Cola loses bid to revoke Indian soft drink trademarks in US\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The update comes after a worrisome report earlier this week showing that consumer confidence slipped to its lowest level in 16 months. The government also reported that the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e economy shrank 1.6% in the first quarter and low consumer spending was a key part of that contraction.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/mcx-share-rises-4-as-fpis-are-permitted-to-trade-in-commodity-derivatives\\\\\\\"\u003eMCX share rises 4% as FPIs are permitted to trade in commodity derivatives\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors remained concerned that the US economy could slip into a recession as inflation hurt businesses and consumers. One of the major concerns is the \u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-hikes-rate-75bps-highest-since-1994\\\\\\\"\u003eFed’s interest rate hikes\u003c/a\u003e, which could slam the brakes on economic growth too much and lead to a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/mukesh-ambanis-daughter-isha-to-be-named-chair-of-reliance-retail-report\\\\\\\"\u003eMukesh Ambani's daughter Isha to be named chair of Reliance Retail: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The situation has become even more complex following increased supply chain issues because of COVID-19 lockdowns in \u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e and Russia’s invasion of Ukraine. The \u003ca href=\\\\\\\"https://opoyi.com/english/western-leaders-would-look-disgusting-if-they-were-topless-russias-vladimir-putin\\\\\\\"\u003eRussia-Ukraine war\u003c/a\u003e prompted a rise in oil prices this year that resulted in record-high gasoline prices. The \u003ca href=\\\\\\\"https://opoyi.com/topic/opec\\\\\\\"\u003eOPEC\u003c/a\u003e group and allied oil-producing nations decided to increase the production of crude oil, but the amount will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation hurting the global economy. US crude oil prices slipped 3.4%, but are still up 43% in 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Amazon","slug":"amazon","id":"U23eu7EXkD8d"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"OPEC","slug":"opec","id":"ViNiH9Fxq6Wd"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-30T15:45:26.154747+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks fell sharply in early trading on Wall Street Thursday and are moving to cap off their worst quarter since the early days of the pandemic. ,The S\u0026P 500 fell 68.72 points or 1.80% as of 10:19 a.m. Eastern time zone. The benchmark index has been on a falling streak that dragged it into a bear market earlier this month and is now down 21% for the year. It is close to ending its worst quarter since the beginning of 2020. Also Read | Substack fires 14% of its work force,The Dow Jones Industrial Average fell 503.28 points or 1.62% to 30,526.03. The Nasdaq Composite fell 289.58 points or 2.59% to 10,888.31. Small-company stocks also fell. The Russell 2000 slipped 1.6%. Also Read | Amazon’s cashierless systems: Data to be shared with brands,The yield on the 10-year Treasury, which helps decide mortgage rates, slipped to 3.02% from 3.09% late Wednesday. Retailers and other companies that depend directly on consumer spending were posting some of the biggest losses, as they have all year. Amazon slid 4.8% and Target fell 3.2%. Also Read | Russia approves tax exemptions for issuers of digital assets, cryptocurrency,Soaring inflation has been the reason behind the slump for the broader market this year as businesses raise prices on every commodity from food to clothing and consumers are squeezed tighter. Inflation remains stubbornly high, according to a slew of recent economic updates and central banks have been aggressively hiking interest rates to try and slow economic growth to control inflation. Also Read | REPO task force seized over $300 billion in Russian assets after Ukraine invasion,A measure of inflation that is closely watched by the Federal Reserve surged 6.3% in May from the year-ago period, unchanged from its level in April. The Commerce Department report on Thursday said that consumer spending rose at a sluggish 0.2% rate from April to May. Also Read | Coca-Cola loses bid to revoke Indian soft drink trademarks in US,The update comes after a worrisome report earlier this week showing that consumer confidence slipped to its lowest level in 16 months. The government also reported that the US economy shrank 1.6% in the first quarter and low consumer spending was a key part of that contraction. Also Read | MCX share rises 4% as FPIs are permitted to trade in commodity derivatives,Investors remained concerned that the US economy could slip into a recession as inflation hurt businesses and consumers. One of the major concerns is the Fed’s interest rate hikes, which could slam the brakes on economic growth too much and lead to a recession. Also Read | Mukesh Ambani's daughter Isha to be named chair of Reliance Retail: Report,The situation has become even more complex following increased supply chain issues because of COVID-19 lockdowns in China and Russia’s invasion of Ukraine. The Russia-Ukraine war prompted a rise in oil prices this year that resulted in record-high gasoline prices. The OPEC group and allied oil-producing nations decided to increase the production of crude oil, but the amount will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation hurting the global economy. US crude oil prices slipped 3.4%, but are still up 43% in 2022.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"US,Russia,Russell,Treasury,Amazon,Target,the Federal Reserve,Commerce Department,Fed,China,Ukraine,OPEC,US stock market, stock market, US share market, US early trade, early trade, Dow Jones, S\u0026P, Nasdaq, Crude oil prices, US Inflation","originalPublishedOn":"2022-06-30T15:45:26.154735+00:00"}},{"node":{"id":"2QEefqeDmnis","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-wednesday-7","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Wednesday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-29T16:07:05.762608+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq fell 46.19 points or 0.41% to 11,135.35\u003c/li\u003e\n \u003cli\u003eThe yield on the 10-year Treasury note fell to 3.13%\u003c/li\u003e\n \u003cli\u003eBed Bath and Beyond slumped 21% after reporting a wider-than-expected loss\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656518823603,\\\"strCount\\\":4182,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks moved between gains and losses during the morning\\\\ntrade on Wall Street Wednesday, keeping the market on track for its fourth\\\\nmonthly loss this year. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was down 8.56 points or 0.22% to 3,812.99\\\\nas of 10.19 a.m. Eastern time zone. The benchmark index has been volatile all\\\\nweek and is down 20% for the year as investors remained concerned about\\\\n\u003ca href=\\\\\\\"https://opoyi.com/english/poor-nations-pricey-mess-why-zimbabwe-hiked-interest-rate-by-200\\\\\\\"\u003einflation\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/english/poor-nations-pricey-mess-why-zimbabwe-hiked-interest-rate-by-200\\\\\\\"\u003erising interest rate\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-was-darrell-freeman-nashville-entrepreneur-dead-at-57\\\\\\\"\u003eWho was Darrell Freeman, Nashville entrepreneur dead at 57?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 23.00 points or\\\\n0.074% to 30,969.99. The \u003ca href=\\\\\\\"https://opoyi.com/topic/nasdaq\\\\\\\"\u003eNasdaq\u003c/a\u003e fell 46.19 points or 0.41% to 11,135.35.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/bed-bath-beyond-ceo-mark-tritton-out-to-be-replaced-by-sue-gove-on-interim-basis\\\\\\\"\u003eBed Bath and Beyond\u003c/a\u003e slumped 21% after reporting a\\\\nwider-than-expected loss and replacing its CEO. The yield on the 10-year\\\\nTreasury note fell to 3.13%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-premarket-tesla-carnival-nio-and-other-stocks-making-biggest-moves\\\\\\\"\u003eUS Premarket: Tesla, Carnival, Nio and other stocks making biggest moves\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government said that the economy shrank at a 1.6%\\\\nannual pace in the first three months of the year, its third and final estimate\\\\nfor GDP in the first three months of 2022. That data was in line with previous\\\\nestimates, and economists expect growth to resume later this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors have been closely reviewing economic data as they\\\\ntry to determine how deeply inflation is affecting consumers and businesses,\\\\nwhile also watching the Federal Reserve’s aggressive shift to raise interest\\\\nrates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-added-five-companies-in-china-to-trade-blacklist\\\\\\\"\u003eWhy US added five companies in China to trade blacklist\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve is raising interest rates in a bid to\\\\nslow economic growth enough to temper inflation, but Wall Street is wary that\\\\nthe Fed could go too far and push the economy into a recession. Those worries\\\\nhave been increased by a series of reports showing a slowdown in retail sales\\\\nand other indicators.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/indian-leaders-mourn-death-of-phantom-of-bombay-house-pallonji-mistry\\\\\\\"\u003eIndian leaders mourn death of 'Phantom of Bombay House' Pallonji Mistry\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Persisting supply chain issues and a sharp jump in demand\\\\nas the pandemic faded sparked a rise in inflation. It has grown worse through\\\\nthe year as supply problems worsened amid new lockdowns in \u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e to help\\\\ncontrol COVID-19 cases. The Russia-Ukraine war has sent energy prices higher\\\\nand resulted in record-high gasoline prices that have been eating away at\\\\nconsumers’ pockets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/oil-prices-fall-after-rallying-for-3-days\\\\\\\"\u003eOil prices fall after three-day rally\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumers have shifted spending from discretionary items\\\\nlike electronics to necessities as inflation rises to an all-time high. The\\\\nweaker-than-expected consumer confidence reading on Tuesday showed that\\\\npersistently high inflation was making Americans more pessimistic about both\\\\nthe present and future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The impact of the shift in consumer spending is a key\\\\nconcern for investors as companies start to report their latest financial\\\\nresults. General Mills surged 5.2% after reporting strong financial results and\\\\ngiving investors an encouraging forecast.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/tesla-and-spacex-ceo-elon-musks-most-controversial-and-offbeat-moments\\\\\\\"\u003eTesla and SpaceX CEO Elon Musk's most controversial and offbeat moments\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Health care firms gained ground. \u003ca href=\\\\\\\"https://opoyi.com/topic/pfizer\\\\\\\"\u003ePfizer\u003c/a\u003e added 1%.\\\\nIndustrial companies and retailers fell. FedEx slipped 4% and Target fell 1.4%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the 10-year Treasury declined to 3.13% from\\\\n3.20% late Tuesday.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Pfizer","slug":"pfizer","id":"8RvHqXaF9KyL"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"Education","slug":"education","id":"pDJ4XmrPLztN"},{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-29T16:07:04.262585+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks moved between gains and losses during the morning trade on Wall Street Wednesday, keeping the market on track for its fourth monthly loss this year. ,The S\u0026P 500 was down 8.56 points or 0.22% to 3,812.99 as of 10.19 a.m. Eastern time zone. The benchmark index has been volatile all week and is down 20% for the year as investors remained concerned about inflation and rising interest rate. Also Read | Who was Darrell Freeman, Nashville entrepreneur dead at 57?,The Dow Jones Industrial Average rose 23.00 points or 0.074% to 30,969.99. The Nasdaq fell 46.19 points or 0.41% to 11,135.35. Bed Bath and Beyond slumped 21% after reporting a wider-than-expected loss and replacing its CEO. The yield on the 10-year Treasury note fell to 3.13%. Also Read | US Premarket: Tesla, Carnival, Nio and other stocks making biggest moves,The government said that the economy shrank at a 1.6% annual pace in the first three months of the year, its third and final estimate for GDP in the first three months of 2022. That data was in line with previous estimates, and economists expect growth to resume later this year. Investors have been closely reviewing economic data as they try to determine how deeply inflation is affecting consumers and businesses, while also watching the Federal Reserve’s aggressive shift to raise interest rates. Also Read | Why US added five companies in China to trade blacklist,The Federal Reserve is raising interest rates in a bid to slow economic growth enough to temper inflation, but Wall Street is wary that the Fed could go too far and push the economy into a recession. Those worries have been increased by a series of reports showing a slowdown in retail sales and other indicators. Also Read | Indian leaders mourn death of 'Phantom of Bombay House' Pallonji Mistry,Persisting supply chain issues and a sharp jump in demand as the pandemic faded sparked a rise in inflation. It has grown worse through the year as supply problems worsened amid new lockdowns in China to help control COVID-19 cases. The Russia-Ukraine war has sent energy prices higher and resulted in record-high gasoline prices that have been eating away at consumers’ pockets. Also Read | Oil prices fall after three-day rally,Consumers have shifted spending from discretionary items like electronics to necessities as inflation rises to an all-time high. The weaker-than-expected consumer confidence reading on Tuesday showed that persistently high inflation was making Americans more pessimistic about both the present and future. The impact of the shift in consumer spending is a key concern for investors as companies start to report their latest financial results. General Mills surged 5.2% after reporting strong financial results and giving investors an encouraging forecast. Also Read | Tesla and SpaceX CEO Elon Musk's most controversial and offbeat moments,Health care firms gained ground. Pfizer added 1%. Industrial companies and retailers fell. FedEx slipped 4% and Target fell 1.4%. The yield on the 10-year Treasury declined to 3.13% from 3.20% late Tuesday.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Treasury,The S 500,Nasdaq,the Federal Reserve,The Federal Reserve,China,Russia,Americans,General Mills,Pfizer,Target,Stock market, US Stock market, US Early trade, Share market, NASDAQ, dow jones, S\u0026P 500,Us inflation, GDP","originalPublishedOn":"2022-06-29T16:07:04.262577+00:00"}},{"node":{"id":"bbm2ZXZgzqvp","slug":"english/crypto-news-daily-bitcoin-data-and-price-analysis-for-june-28-2022","title":"Crypto news daily: Bitcoin data and price analysis for June 28, 2022","postType":1,"coverMedia":"/opoyi__4r2TOHef.jpg","coverCaption":"Bitcoin has tumbled nearly 70% from its November 10 all-time high of $69,000 (Photo credits: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-28T09:09:53.778459+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBitcoin is currently trading at $20,893.45, down by 2.30%\u003c/li\u003e\n \u003cli\u003eBitcoin fear and greed index on June 28, went to the extreme fear level of 12\u003c/li\u003e\n \u003cli\u003eVoyager Digital has issued a notice of default to Three Arrows Capital\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656407390818,\\\"strCount\\\":4019,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/who-designed-bitcoin-logo\\\\\\\"\u003eBitcoin\u003c/a\u003e prices fell over 2% and traded slightly below the $21,000 level after a turbulent week saw the world’s largest cryptocurrency plunge below the $20,000 level for the first time since 2020. The digital token is down over 52% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/top-5-cryptocurrencies-of-the-day-btc-down-by-2-lunc-trends-at-no-1\\\\\\\"\u003eTop 5 cryptocurrencies of the day: BTC down by 2%, LUNC trends at no. 1\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Cryptocurrencies have suffered this year amid Federal Reserve \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003einterest rate hikes\u003c/a\u003e and stubbornly \u003ca href=\\\\\\\"https://opoyi.com/english/inflation-gun-violence-sinks-bidens-approval-rating-to-record-low-report\\\\\\\"\u003ehigh inflation\u003c/a\u003e. After crypto’s last two-year hibernation ended in 2020, the industry spiked to around $3 trillion in total assets last November, before falling to less than $1 trillion. Cryptocurrencies had been moving for months in the same direction as stocks as investors' appetite for risk assets reduced on growing fears about an economic slowdown.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-tuesday-june-28-2022\\\\\\\"\u003eGold, silver and other metal prices on Tuesday, June 28, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The global cryptocurrency market cap was at $938.66 billion, down 1.94% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $57.45 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin fear and greed index on Tuesday, June 28, 2022, went from the extreme fear level of 12 to the level of 10 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/poor-nations-pricey-mess-why-zimbabwe-hiked-interest-rate-by-200\\\\\\\"\u003ePoor nation's pricey mess: Why Zimbabwe hiked interest rate by 200%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin is currently trading at $20,893.45, down by 2.30%. In the last 24 hours, the highest it touched was $21,478.09 and the lowest was $20,577.00. Bitcoin has a current market cap of $398,486,517,235. It has a circulating supply of 19,079,243.00. BTC coins have a maximum supply of 21,000,000 coins.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-stock-market-djia-sp500-nasdaq-and-russell-ended-mixed-on-monday-2\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500, Nasdaq and Russell ended mixed on Monday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCrypto exchange CoinFlex to launch new recovery token after withdrawal freeze\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Cryptocurrency exchange CoinFlex is planning to raise funds by issuing a new token that will offer a 20% annual return, in an effort to resume withdrawals after a client failed to repay a $47 million debt. The exchange said it will start to issue $47 million of what it calls “Recovery Value USD” tokens. The resumption of withdrawals, targeted for June 30, will depend on the level of demand for the new tokens. The token sale is eligible only to non-US, sophisticated investors, it said in a statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/sensex-falls-over-300-points-while-nifty-around-15730-in-early-trade\\\\\\\"\u003eSensex falls over 300 points while Nifty around 15,730 in early trade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eVoyager Digital sends notice of default to Three Arrows Capital\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Crypto brokerage Voyager Digital has issued a notice of default to Three Arrows Capital (3AC), for failure to repay a loan worth $650 million. The crypto app said 3AC owes it 15,250 BTC (valued at around $325 million) and $350 million USDC. The platform continued to operate and fulfill customer orders and withdrawals, it added. As of June 24, 2022, Voyager had approximately $137 million cash and owned crypto assets on hand. \\\\\\\"We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands,\\\\\\\" said Stephen Ehrlich, Chief Executive Officer of Voyager.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh"},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-28T09:09:52.482849+00:00","publisher":0,"sourceFeed":null,"cleanText":"Bitcoin prices fell over 2% and traded slightly below the $21,000 level after a turbulent week saw the world’s largest cryptocurrency plunge below the $20,000 level for the first time since 2020. The digital token is down over 52% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021. Also Read | Top 5 cryptocurrencies of the day: BTC down by 2%, LUNC trends at no. 1,Cryptocurrencies have suffered this year amid Federal Reserve interest rate hikes and stubbornly high inflation. After crypto’s last two-year hibernation ended in 2020, the industry spiked to around $3 trillion in total assets last November, before falling to less than $1 trillion. Cryptocurrencies had been moving for months in the same direction as stocks as investors' appetite for risk assets reduced on growing fears about an economic slowdown. Also Read | Gold, silver and other metal prices on Tuesday, June 28, 2022,The global cryptocurrency market cap was at $938.66 billion, down 1.94% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $57.45 billion. Bitcoin fear and greed index on Tuesday, June 28, 2022, went from the extreme fear level of 12 to the level of 10 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market. Also Read | Poor nation's pricey mess: Why Zimbabwe hiked interest rate by 200%,Bitcoin is currently trading at $20,893.45, down by 2.30%. In the last 24 hours, the highest it touched was $21,478.09 and the lowest was $20,577.00. Bitcoin has a current market cap of $398,486,517,235. It has a circulating supply of 19,079,243.00. BTC coins have a maximum supply of 21,000,000 coins. Also Read | US Stock Market: DJIA, S\u0026P500, Nasdaq and Russell ended mixed on Monday,Crypto exchange CoinFlex to launch new recovery token after withdrawal freeze,Cryptocurrency exchange CoinFlex is planning to raise funds by issuing a new token that will offer a 20% annual return, in an effort to resume withdrawals after a client failed to repay a $47 million debt. The exchange said it will start to issue $47 million of what it calls “Recovery Value USD” tokens. The resumption of withdrawals, targeted for June 30, will depend on the level of demand for the new tokens. The token sale is eligible only to non-US, sophisticated investors, it said in a statement. Also Read | Sensex falls over 300 points while Nifty around 15,730 in early trade,Voyager Digital sends notice of default to Three Arrows Capital,Crypto brokerage Voyager Digital has issued a notice of default to Three Arrows Capital (3AC), for failure to repay a loan worth $650 million. The crypto app said 3AC owes it 15,250 BTC (valued at around $325 million) and $350 million USDC. The platform continued to operate and fulfill customer orders and withdrawals, it added. As of June 24, 2022, Voyager had approximately $137 million cash and owned crypto assets on hand. We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands, said Stephen Ehrlich, Chief Executive Officer of Voyager.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bitcoin,Federal Reserve,Greed,Crypto exchange CoinFlex,Recovery Value USD,Arrows Capital Crypto,Voyager Digital,Arrows Capital,Voyager,Stephen Ehrlich,Bitcoin price analysis, Bitcoin price data, Crypto data analysis, Bitcoin data analysis, Crypto price an","originalPublishedOn":"2022-06-28T09:09:52.482838+00:00"}},{"node":{"id":"S3rBawqyTpCT","slug":"english/poor-nations-pricey-mess-why-zimbabwe-hiked-interest-rate-by-200","title":"Poor nation's pricey mess: Why Zimbabwe hiked interest rate by 200%","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"The annual inflation rate in Zimbabwe reached 192% in June as food prices more than tripled. (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-28T08:31:36.159114+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eZimbabwe MPC doubled the benchmark rate from 80% to 200%\u003c/li\u003e\n \u003cli\u003eThe government will allow the use of the US dollar for the second time in a deacde\u003c/li\u003e\n \u003cli\u003eThe central bank will launch gold coins as an alternate store of value\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656405095466,\\\"strCount\\\":7287,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/zimbabwe\\\\\\\"\u003eZimbabwe\u003c/a\u003e, the South African country with an inflation problem, is taking drastic measures to give it's economy a fillip. On Monday, the country's central bank hiked interest rates to an all-time high, and the government formally reinstated the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e dollar as a legal currency in order to curb rising inflation and stabilise the country's plummeting exchange rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Surging commodity prices caused by the Russia-Ukraine war, as well as the lingering consequences of COVID-19 lockdowns, have added to the pressure on Zimbabwe's local currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/explained-how-bitcoin-price-and-inflation-are-co-related\\\\\\\"\u003eHow Bitcoin price and inflation are co-related\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Governor John Mangudya said in a statement that the monetary policy committee doubled the benchmark rate from 80% to 200%. This puts the total increase this year to 14,000 basis points, the biggest in the world.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/india-inflation-down-by-075-what-it-means-for-consumers\\\\\\\"\u003eIndia inflation down by 0.75%: What it means for consumers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The monetary policy committee expressed great concern on the recent rise in inflation,” Mangudya said.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years,” he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-india-can-fight-ransomware-attacks\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The impact of the \u003ca href=\\\\\\\"https://opoyi.com/topic/ukraine\\\\\\\"\u003eUkraine\u003c/a\u003e war has worsened Zimbabwe's already shaky economy. Since the invasion began, the price of wheat has been skyrocketing internationally since \u003ca href=\\\\\\\"https://opoyi.com/topic/russia\\\\\\\"\u003eRussia\u003c/a\u003e and Ukraine sell around a quarter of the world's wheat.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Its ramifications are wreaking havoc on developing countries like Zimbabwe, as shipments of essential goods are hampered by both the war and the sanctions imposed by the \u003ca href=\\\\\\\"https://opoyi.com/topic/west\\\\\\\"\u003eWest\u003c/a\u003e on Russia and some of its allies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-crypto-donations-are-skyrocketing-worldwide-explained\\\\\\\"\u003eWhy crypto donations are skyrocketing worldwide: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Zimbabwe relies largely on Eastern nations for commerce, notably Russia, \u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topic/belarus\\\\\\\"\u003eBelarus\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topic/singapore\\\\\\\"\u003eSingapore\u003c/a\u003e, and imports at least half of its wheat from Russia.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-how-the-crypto-landscape-has-changed-in-india\\\\\\\"\u003eExplained: How the crypto landscape has changed in India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rising fuel and bread costs have caused a wave of price increases for basic goods across the country, exacerbating the situation for many Zimbabweans who are already struggling with widespread poverty as a result of stagnating wages and uncontrolled inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Central banks around the world have unleashed what might be the most severe tightening of monetary policy since the 1980s in order to curb high inflation, avert capital outflows, and currency weakening as investors seek higher yields.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/who-is-the-founder-of-bitcoin-and-why-is-his-identity-shrouded-in-mystery\\\\\\\"\u003eWho is the founder of Bitcoin and why is his identity shrouded in mystery?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"image\\\",\\\"data\\\":{\\\"aspectRatio\\\":\\\"114.79374111\\\",\\\"file\\\":{\\\"url\\\":\\\"/opoyi_A3oOiJBKK.jpg\\\"},\\\"caption\\\":\\\"\\\",\\\"source\\\":\\\"\\\",\\\"name\\\":\\\"\\\",\\\"tags\\\":\\\"\\\",\\\"mediaId\\\":\\\"KVigyZPKasJe\\\",\\\"height\\\":1614,\\\"width\\\":1406,\\\"startCrop\\\":false,\\\"completeCrop\\\":false,\\\"replace\\\":false,\\\"insertAfter\\\":false}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eReasons behind the inflation in Zimbabwe?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Government printing money in response to:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High national debt\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The decline in economic output\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The decline in export earnings\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Price controls exacerbate shortages\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Lack of confidence in government and economy\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/5-reasons-why-indian-rupee-had-a-great-fall\\\\\\\"\u003e5 reasons why Indian rupee had a great fall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Since the mid-1960s, Zimbabwe has experienced tremendous inflation. People were accustomed to anticipating more inflation. This is then self-fulfilling. When individuals anticipate hyperinflation, they demand higher wages and raise prices in anticipation of future inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The annual inflation rate in Zimbabwe reached 192% in June as food prices more than tripled. Prices have risen due to a dramatic devaluation of the Zimbabwe dollar, which has shed more than two-thirds of its value versus the US dollar this year and is Africa's worst-performing currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government will allow the use of the US dollar for the second time in more than ten years, according to Finance Minister Mthuli Ncube.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Government has clearly stated its intention of maintaining a multi-currency system based on dual use of the US dollar and the Zimbabwe dollar,” said Ncube.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“To eliminate speculation and arbitrage based on this issue, the government has decided to embed the multi-currency system and the continued use of the US dollar into law for a period of five years,” Ncube added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-designed-bitcoin-logo\\\\\\\"\u003eBitcoin logo: Who designed it, know its history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank also announced a hike in deposit rates to 40% from 12.5% and the launching of gold coins as an alternate store of value. Mangudya said the coins, which will be minted by the state-owned Fidelity Gold Refineries Ltd., will be traded via banking channels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank is also working on plans to establish currency forward pricing, according to Mangudya. Details will be released later.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The measures unveiled represent the most recent effort to address a currency crisis that dates back to 2009 when the Zimbabwe dollar was replaced by the US dollar during a period of hyperinflation. Zimbabwe's currency was reinstated in 2019 and soon began to fall in value.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Zimbabwe","slug":"zimbabwe","id":"EHNzmwYFc1ep"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"southafrican","slug":"southafrican","id":"eI4fysZQnxEy"},{"name":"West","slug":"west","id":"vXDG8jHHCMD1"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"Belarus","slug":"belarus","id":"ks3dN39vvOQu"},{"name":"Singapore","slug":"singapore","id":"emlZP34XfoBE"},{"name":"Africa","slug":"africa","id":"16S5b0vzines"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-28T08:31:35.079241+00:00","publisher":0,"sourceFeed":null,"cleanText":"Zimbabwe, the South African country with an inflation problem, is taking drastic measures to give it's economy a fillip. On Monday, the country's central bank hiked interest rates to an all-time high, and the government formally reinstated the US dollar as a legal currency in order to curb rising inflation and stabilise the country's plummeting exchange rate. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Surging commodity prices caused by the Russia-Ukraine war, as well as the lingering consequences of COVID-19 lockdowns, have added to the pressure on Zimbabwe's local currency. Also Read| How Bitcoin price and inflation are co-related,Governor John Mangudya said in a statement that the monetary policy committee doubled the benchmark rate from 80% to 200%. This puts the total increase this year to 14,000 basis points, the biggest in the world. Also Read| India inflation down by 0.75%: What it means for consumers,“The monetary policy committee expressed great concern on the recent rise in inflation,” Mangudya said. ,“The committee noted that the increase in inflation was undermining consumer demand and confidence and that, if not controlled, it would reverse the significant economic gains achieved over the past two years,” he added. Also Read| How India can fight ransomware attacks,The impact of the Ukraine war has worsened Zimbabwe's already shaky economy. Since the invasion began, the price of wheat has been skyrocketing internationally since Russia and Ukraine sell around a quarter of the world's wheat. Also Read| Why US inflation is going up and when will it come down,Its ramifications are wreaking havoc on developing countries like Zimbabwe, as shipments of essential goods are hampered by both the war and the sanctions imposed by the West on Russia and some of its allies. Also Read| Why crypto donations are skyrocketing worldwide: Explained,Zimbabwe relies largely on Eastern nations for commerce, notably Russia, China, Belarus, and Singapore, and imports at least half of its wheat from Russia. Also Read| Explained: How the crypto landscape has changed in India,Rising fuel and bread costs have caused a wave of price increases for basic goods across the country, exacerbating the situation for many Zimbabweans who are already struggling with widespread poverty as a result of stagnating wages and uncontrolled inflation. Also Read| Explained: The impact of bond yields on markets and investors,Central banks around the world have unleashed what might be the most severe tightening of monetary policy since the 1980s in order to curb high inflation, avert capital outflows, and currency weakening as investors seek higher yields. Also Read| Who is the founder of Bitcoin and why is his identity shrouded in mystery?,Reasons behind the inflation in Zimbabwe?,Government printing money in response to:,High national debt,The decline in economic output,The decline in export earnings,Price controls exacerbate shortages,Lack of confidence in government and economy,Also Read| 5 reasons why Indian rupee had a great fall,Since the mid-1960s, Zimbabwe has experienced tremendous inflation. People were accustomed to anticipating more inflation. This is then self-fulfilling. When individuals anticipate hyperinflation, they demand higher wages and raise prices in anticipation of future inflation. Also Read| How US Fed rate hike impacts the Indian rupee,The annual inflation rate in Zimbabwe reached 192% in June as food prices more than tripled. Prices have risen due to a dramatic devaluation of the Zimbabwe dollar, which has shed more than two-thirds of its value versus the US dollar this year and is Africa's worst-performing currency. Also Read| How inflation affects RBI’s interest rate policy,The government will allow the use of the US dollar for the second time in more than ten years, according to Finance Minister Mthuli Ncube. Also Read| Why interest rates are being hiked globally?,“Government has clearly stated its intention of maintaining a multi-currency system based on dual use of the US dollar and the Zimbabwe dollar,” said Ncube. Also Read| Explained: Changes in repo rates and their impact on stock market,“To eliminate speculation and arbitrage based on this issue, the government has decided to embed the multi-currency system and the continued use of the US dollar into law for a period of five years,” Ncube added. Also Read| Bitcoin logo: Who designed it, know its history,The central bank also announced a hike in deposit rates to 40% from 12.5% and the launching of gold coins as an alternate store of value. Mangudya said the coins, which will be minted by the state-owned Fidelity Gold Refineries Ltd. will be traded via banking channels. Also Read| Explained: Impact of MPC meeting on stock market,The central bank is also working on plans to establish currency forward pricing, according to Mangudya. Details will be released later. Also Read| Explained: The impact of bond yields on markets and investors,The measures unveiled represent the most recent effort to address a currency crisis that dates back to 2009 when the Zimbabwe dollar was replaced by the US dollar during a period of hyperinflation. Zimbabwe's currency was reinstated in 2019 and soon began to fall in value.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Zimbabwe,Russia,US,Ukraine,Ncube,South African,John Mangudya,Mangudya,West,Eastern,China,Belarus,Singapore,Africa,Finance","originalPublishedOn":"2022-06-28T08:31:35.079234+00:00"}},{"node":{"id":"lRLdiX3WagjH","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-monday-10","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Monday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-27T16:05:13.423232+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq fell 64.84 points or 0.6% to 11,542.78\u003c/li\u003e\n \u003cli\u003eBig technologies companies were among the heaviest weights on the market\u003c/li\u003e\n \u003cli\u003eEuropean markets were mixed and Asian markets closed higher on MondayEuropean markets were mixed and Asian markets closed higher on Monday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656345914331,\\\"strCount\\\":3437,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks declined in morning trading on \u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street\u003c/a\u003e Monday as the market cools down after a winning week. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 6.54 points or 0.17% to 3,905.20 as of 10:42 am Eastern time zone. The Dow Jones Industrial Average fell 72 points or 0.2% to 31,428. The \u003ca href=\\\\\\\"https://opoyi.com/topic/nasdaq\\\\\\\"\u003eNasdaq\u003c/a\u003e fell 64.84 points or 0.6% to 11,542.78.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/new-york-governor-kathy-hochul-to-face-a-crowded-democratic-primary\\\\\\\"\u003eNew York governor Kathy Hochul to face a crowded Democratic primary\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Big technologies companies were among the heaviest weights on the market. Chipmaker Nvidia slipped 2.1%. Retailers, travel sector companies, and others that rely on direct consumer spending also fell broadly. \u003ca href=\\\\\\\"https://opoyi.com/topic/amazon\\\\\\\"\u003eAmazon\u003c/a\u003e fell 1.9% and \u003ca href=\\\\\\\"https://opoyi.com/topic/carnival\\\\\\\"\u003eCarnival\u003c/a\u003e slipped 4.9%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets were mixed and \u003ca href=\\\\\\\"https://opoyi.com/topic/asian\\\\\\\"\u003eAsian\u003c/a\u003e markets closed higher on Monday. Treasury yields were mostly higher. The yield on the 10-year Treasury bonds, which helps set mortgage rates, rose to 3.17% from 3.12% late Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-premarket-spirit-coinbase-biontech-and-other-stocks-making-biggest-moves\\\\\\\"\u003eUS Premarket: Spirit, Coinbase, BioNTech and other stocks making biggest moves\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last week, the stock settled with solid gains and the S\u0026amp;P 500 had its best day in two years on Friday. It was a welcome rally amid a deep slump for Wall Street as investors are concerned about the direction of inflation and whether rising interest rates will curb the impact on businesses and consumers or push the economy into a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-sri-lankan-government-is-sending-2-ministers-to-russia-amid-fuel-crisis\\\\\\\"\u003eWhy Sri Lankan government is sending 2 ministers to Russia amid fuel crisis\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-hikes-rate-75bps-highest-since-1994\\\\\\\"\u003eFederal Reserve\u003c/a\u003e and other central banks have been aggressively increasing interest rates in a sharp turnaround from maintaining ultra-low rates during the virus pandemic that helped support the economy. It’s a delicate balance for the Fed, which hopes to slow down the economy, but not so much that it contracts. Higher interest rates have hurt prices for investors and have prompted much of the year's sell-off.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/atlanta-subway-worker-fatally-shot-by-customer-over-bizarre-reason\\\\\\\"\u003eAtlanta Subway worker fatally shot by customer over bizarre reason\u003c/a\u003e\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors have been watching recent reports that showed weak consumer sentiment and economic growth because that raises the possibility that the Fed will ease off its plan for aggressive rate hikes as economic growth slows. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A few more reports will be released this week that could provide more insight into inflation, economic growth, and the Fed’s path ahead.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/inflation-gun-violence-sinks-bidens-approval-rating-to-record-low-report\\\\\\\"\u003eInflation, gun violence sinks Biden's approval rating to record low: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"US crude oil prices were relatively stable on Monday, but are higher than 40% for the year. Prices for wheat and corn have also increased.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Amazon","slug":"amazon","id":"U23eu7EXkD8d"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-27T16:05:12.113730+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks declined in morning trading on Wall Street Monday as the market cools down after a winning week. ,The S\u0026P 500 fell 6.54 points or 0.17% to 3,905.20 as of 10:42 am Eastern time zone. The Dow Jones Industrial Average fell 72 points or 0.2% to 31,428. The Nasdaq fell 64.84 points or 0.6% to 11,542.78. Also Read | New York governor Kathy Hochul to face a crowded Democratic primary,Big technologies companies were among the heaviest weights on the market. Chipmaker Nvidia slipped 2.1%. Retailers, travel sector companies, and others that rely on direct consumer spending also fell broadly. Amazon fell 1.9% and Carnival slipped 4.9%. European markets were mixed and Asian markets closed higher on Monday. Treasury yields were mostly higher. The yield on the 10-year Treasury bonds, which helps set mortgage rates, rose to 3.17% from 3.12% late Friday. Also Read | US Premarket: Spirit, Coinbase, BioNTech and other stocks making biggest moves,Last week, the stock settled with solid gains and the S\u0026P 500 had its best day in two years on Friday. It was a welcome rally amid a deep slump for Wall Street as investors are concerned about the direction of inflation and whether rising interest rates will curb the impact on businesses and consumers or push the economy into a recession. Also Read | Why Sri Lankan government is sending 2 ministers to Russia amid fuel crisis,The Federal Reserve and other central banks have been aggressively increasing interest rates in a sharp turnaround from maintaining ultra-low rates during the virus pandemic that helped support the economy. It’s a delicate balance for the Fed, which hopes to slow down the economy, but not so much that it contracts. Higher interest rates have hurt prices for investors and have prompted much of the year's sell-off. Also Read | Atlanta Subway worker fatally shot by customer over bizarre reason ,Investors have been watching recent reports that showed weak consumer sentiment and economic growth because that raises the possibility that the Fed will ease off its plan for aggressive rate hikes as economic growth slows. ,A few more reports will be released this week that could provide more insight into inflation, economic growth, and the Fed’s path ahead. Also Read | Inflation, gun violence sinks Biden's approval rating to record low: Report,US crude oil prices were relatively stable on Monday, but are higher than 40% for the year. Prices for wheat and corn have also increased.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Treasury,Nasdaq,Chipmaker Nvidia,Amazon,Carnival,The Federal Reserve,Stock market, share market, Early trade, US Early trade, business,S\u0026P 500, Dow Jones,Inflation, US business news","originalPublishedOn":"2022-06-27T16:05:12.113723+00:00"}},{"node":{"id":"MEUWyqTPviML","slug":"english/week-ahead-global-cues-rupee-movement-to-weigh-on-sensex-nifty","title":"Week ahead: Global cues, rupee movement to weigh on Sensex, Nifty","postType":1,"coverMedia":"/opoyi_jcxBqn8wU.jpg","coverCaption":"FIIs have sold Rs 53,600 crore worth of shares in June, the third-highest monthly outflow since March 2020, compared to Rs 54,300 crore in the previous month. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-27T05:44:33.129666+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe F\u0026amp;O contracts for June 2022 will expire on June 30, 2022\u003c/li\u003e\n \u003cli\u003eHigh oil costs will be a drag on oil-importing countries like India\u003c/li\u003e\n \u003cli\u003eRBI increased its full-year inflation prediction to 6.7% from 5.7% in June\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656308673744,\\\"strCount\\\":4692,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The upcoming week may see tumultuous trading as traders roll over holdings in the F\u0026amp;O segment from the near-month June series to the July series. The F\u0026amp;O contracts for June 2022 will expire on June 30, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/week-in-review-sensex-nifty-rise-amid-positive-cues-from-global-peers\\\\\\\"\u003eWeek in review: Sensex, Nifty rise amid positive cues from global peers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Patterns in global stock markets, the rupee's movement against the dollar, and crude oil prices will determine bourse trends in the near future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High oil costs will be a drag on oil-importing countries like India, which imports around 85% of its fuel. High oil prices caused by a lack of supply due to the Russia-Ukraine conflict, as well as the sanctions imposed on \u003ca href=\\\\\\\"https://opoyi.com/topic/moscow\\\\\\\"\u003eMoscow\u003c/a\u003e, are a major source of concern for India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/india-inflation-down-by-075-what-it-means-for-consumers\\\\\\\"\u003eIndia inflation down by 0.75%: What it means for consumers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India increased its full-year inflation prediction to 6.7% from 5.7% in June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On June 24, international benchmark Brent crude futures finished the week at $113.12 a barrel, up $3 a barrel, but a flat week on week on fears that quicker policy tightening by central banks might hamper growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"So far in June, domestic institutional investors (DIIs) have purchased about Rs 42,000 crore worth of shares, compared to nearly Rs 51,000 crore in the preceding month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The monsoon's progress will be continuously monitored. The India Meteorological Department (IMD) said on Thursday, June 23, 2022, that the Southwest Monsoon is expected to reach the whole country by 6 July 2022, rather than the usual date of 8 July 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/5-reasons-why-indian-rupee-had-a-great-fall\\\\\\\"\u003e5 reasons why Indian rupee had a great fall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be watched in their investments. FIIs have sold Rs 53,600 crore worth of shares in June, the third-highest monthly outflow since March 2020, compared to Rs 54,300 crore in the previous month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Automobile manufacturers will release their monthly sales figures on July 1st. Tata Motors, Ashok Leyland, Maruti Suzuki India, TVS Motor, Hero MotoCorp, Bajaj Auto, Mahindra \u0026amp; Mahindra, Eicher Motors, Escorts, and other companies would be under the spotlight.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On June 30, India's fiscal deficit and infrastructure output figures for May will be announced, while the S\u0026amp;P Global Manufacturing PMI for June will be announced a day later.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign exchange reserves for the week ended June 24, as well as deposit and bank loan growth figures for the week ended June 17, will be released on July 1.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-designed-bitcoin-logo\\\\\\\"\u003eBitcoin logo: Who designed it, know its history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e will release the NBS Manufacturing PMI for June 2022 on June 30, 2022. The Caixin Services PMI for June will be released by China on July 1st, 2022. On June 29, 2022, \u003ca href=\\\\\\\"https://opoyi.com/topic/japan\\\\\\\"\u003eJapan\u003c/a\u003e will release Consumer Confidence statistics for June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the United States, the May New Home Sales statistics will be released on June 24, 2022. The May Durable Goods Orders for the United States will be announced on June 27, 2022. The June ISM Manufacturing PMI statistics for the United States will be released on July 1, 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"WeekAhead","slug":"weekahead","id":"R30eiXm1O2LO"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O"},{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy"},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ"},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Moscow","slug":"moscow","id":"uXRd89o0MuOj"},{"name":"IMD","slug":"imd","id":"BEl8i6mqVTIW"},{"name":"TataMotors","slug":"tatamotors","id":"1n19qantkflO"},{"name":"HeroMotoCorp","slug":"heromotocorp","id":"NCS1zGP2uR7a"},{"name":"BajajAuto","slug":"bajajauto","id":"LrtEpcFtmGwK"},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"World","slug":"world","id":"iEhRQcab92b8"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-27T02:15:00.914817+00:00","publisher":0,"sourceFeed":null,"cleanText":"The upcoming week may see tumultuous trading as traders roll over holdings in the F\u0026O segment from the near-month June series to the July series. The F\u0026O contracts for June 2022 will expire on June 30, 2022. Also Read| Week in review: Sensex, Nifty rise amid positive cues from global peers,Patterns in global stock markets, the rupee's movement against the dollar, and crude oil prices will determine bourse trends in the near future. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,High oil costs will be a drag on oil-importing countries like India, which imports around 85% of its fuel. High oil prices caused by a lack of supply due to the Russia-Ukraine conflict, as well as the sanctions imposed on Moscow, are a major source of concern for India. Also Read| India inflation down by 0.75%: What it means for consumers,The Reserve Bank of India increased its full-year inflation prediction to 6.7% from 5.7% in June. On June 24, international benchmark Brent crude futures finished the week at $113.12 a barrel, up $3 a barrel, but a flat week on week on fears that quicker policy tightening by central banks might hamper growth. Also Read| Why US inflation is going up and when will it come down,So far in June, domestic institutional investors (DIIs) have purchased about Rs 42,000 crore worth of shares, compared to nearly Rs 51,000 crore in the preceding month. Also Read| Explained: The impact of bond yields on markets and investors,The monsoon's progress will be continuously monitored. The India Meteorological Department (IMD) said on Thursday, June 23, 2022, that the Southwest Monsoon is expected to reach the whole country by 6 July 2022, rather than the usual date of 8 July 2022. Also Read| 5 reasons why Indian rupee had a great fall,Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be watched in their investments. FIIs have sold Rs 53,600 crore worth of shares in June, the third-highest monthly outflow since March 2020, compared to Rs 54,300 crore in the previous month. Also Read| How inflation affects RBI’s interest rate policy,Automobile manufacturers will release their monthly sales figures on July 1st. Tata Motors, Ashok Leyland, Maruti Suzuki India, TVS Motor, Hero MotoCorp, Bajaj Auto, Mahindra \u0026 Mahindra, Eicher Motors, Escorts, and other companies would be under the spotlight. ,Also Read| Explained: Changes in repo rates and their impact on stock market,On June 30, India's fiscal deficit and infrastructure output figures for May will be announced, while the S\u0026P Global Manufacturing PMI for June will be announced a day later. Also Read| Explained: Impact of MPC meeting on stock market,Foreign exchange reserves for the week ended June 24, as well as deposit and bank loan growth figures for the week ended June 17, will be released on July 1. Also Read| Bitcoin logo: Who designed it, know its history,China will release the NBS Manufacturing PMI for June 2022 on June 30, 2022. The Caixin Services PMI for June will be released by China on July 1st, 2022. On June 29, 2022, Japan will release Consumer Confidence statistics for June. Also Read| How US Fed rate hike impacts the Indian rupee,In the United States, the May New Home Sales statistics will be released on June 24, 2022. The May Durable Goods Orders for the United States will be announced on June 27, 2022. The June ISM Manufacturing PMI statistics for the United States will be released on July 1, 2022.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,the United States,F,China,the July series,Russia,Moscow,The Reserve Bank of India,The India Meteorological Department,IMD,the Southwest Monsoon,Tata Motors,Ashok Leyland,Maruti Suzuki India,TVS Motor","originalPublishedOn":"2022-06-27T02:15:00+00:00"}},{"node":{"id":"ETYNPmN4rcM5","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-friday-5","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns green in early trade on Friday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-24T16:07:15.563891+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNasdaq composite was 277.33 points or 2.4% higher at 11,509.52\u003c/li\u003e\n \u003cli\u003eThe yield on the two-year Treasury has declined to 3.05%\u003c/li\u003e\n \u003cli\u003eS\u0026amp;P 500 is heading towards a 5.7% gain for the week\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656086834915,\\\"strCount\\\":3836,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks are trading higher in morning trading on \u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street\u003c/a\u003e Friday and it is headed for its second gaining week in the last 12 in a reprieve from its brutal sell-off this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was 2% higher in early trading. It is heading towards a 5.7% gain for the week, however, it’s still around 20% below its record set early this year and hasn’t recovered this loss from the prior week, which was its worst since the early days of the 2020 coronavirus.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/united-states-supreme-court-overturns-roe-v-wade\\\\\\\"\u003eUnited States Supreme Court overturns Roe v. Wade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average was 2% up at 31,283.27 as of 10:20 a.m. Eastern time zone. The \u003ca href=\\\\\\\"https://opoyi.com/topic/nasdaq\\\\\\\"\u003eNasdaq\u003c/a\u003e composite was 277.33 points or 2.4% higher at 11,509.52.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks have surged this week as pressure from rising Treasury yields lets up somewhat and investors project the \u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eFederal Reserve\u003c/a\u003e may not have to be as aggressive about hiking interest rates as earlier thought.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/inflation-gun-violence-sinks-bidens-approval-rating-to-record-low-report\\\\\\\"\u003eInflation, gun violence sinks Biden's approval rating to record low: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It’s all provided some relief from Wall Street’s tumble through most of the year, caused by the Fed and other central banks pulling back the extensive support fed into markets through the pandemic. In attempts to control the decades high \u003ca href=\\\\\\\"https://opoyi.com/english/uk-inflation-rate-hits-new-40-year-high-all-you-need-to-know\\\\\\\"\u003einflation\u003c/a\u003e, central banks have increased interest rates and made other moves that hurt prices for investments and threaten to slow the economy enough to cause a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/joe-biden-11-us-states-join-hands-to-boost-offshore-wind-energy\\\\\\\"\u003eJoe Biden, 11 US states join hands to boost offshore wind energy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some sectors of the \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eUS\u003c/a\u003e economy are still red-hot, particularly the jobs market, but some discouraging signals have emerged recently. According to a report by the University of Michigan, consumer sentiment fell to its lowest point, particularly affected by high inflation. Another report suggested US manufacturing and services sectors aren’t as strong as economists thought.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-tesla-cars-have-been-banned-by-police-in-berlin\\\\\\\"\u003eWhy Tesla cars have been banned by police in Berlin\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Such weakening data raise concerns about the health of the economy. But they also can be good for financial markets, as paradoxical as that may seem. The weakness indicates less upward pressure on inflation, which would ultimately mean the Federal Reserve doesn’t have to hike rates so aggressively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/facebook-pay-rebranded-to-meta-pay-to-be-wallet-for-the-metaverse\\\\\\\"\u003eFacebook Pay rebranded to Meta Pay, to be wallet for the metaverse\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the two-year Treasury, which tends to move with expectations for the Fed's actions, has declined to 3.05% from more than 3.40% in the middle of last week, though it rose Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/microsoft-to-stop-selling-ai-facial-recognition-software\\\\\\\"\u003eMicrosoft to stop selling AI facial recognition software\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the 10-year Treasury, which sets the bedrock of the world's financial system, rose to 3.12% on Friday from 3.07% late Thursday. Earlier this year, it more than doubled after starting 2022 a little above 1.50%.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-24T16:07:14.370514+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks are trading higher in morning trading on Wall Street Friday and it is headed for its second gaining week in the last 12 in a reprieve from its brutal sell-off this year. The S\u0026P 500 was 2% higher in early trading. It is heading towards a 5.7% gain for the week, however, it’s still around 20% below its record set early this year and hasn’t recovered this loss from the prior week, which was its worst since the early days of the 2020 coronavirus. Also Read | United States Supreme Court overturns Roe v. Wade,The Dow Jones Industrial Average was 2% up at 31,283.27 as of 10:20 a.m. Eastern time zone. The Nasdaq composite was 277.33 points or 2.4% higher at 11,509.52. Stocks have surged this week as pressure from rising Treasury yields lets up somewhat and investors project the Federal Reserve may not have to be as aggressive about hiking interest rates as earlier thought. Also read | Inflation, gun violence sinks Biden's approval rating to record low: Report,It’s all provided some relief from Wall Street’s tumble through most of the year, caused by the Fed and other central banks pulling back the extensive support fed into markets through the pandemic. In attempts to control the decades high inflation, central banks have increased interest rates and made other moves that hurt prices for investments and threaten to slow the economy enough to cause a recession. Also Read | Joe Biden, 11 US states join hands to boost offshore wind energy,Some sectors of the US economy are still red-hot, particularly the jobs market, but some discouraging signals have emerged recently. According to a report by the University of Michigan, consumer sentiment fell to its lowest point, particularly affected by high inflation. Another report suggested US manufacturing and services sectors aren’t as strong as economists thought. Also Read | Why Tesla cars have been banned by police in Berlin,Such weakening data raise concerns about the health of the economy. But they also can be good for financial markets, as paradoxical as that may seem. The weakness indicates less upward pressure on inflation, which would ultimately mean the Federal Reserve doesn’t have to hike rates so aggressively. Also Read | Facebook Pay rebranded to Meta Pay, to be wallet for the metaverse,The yield on the two-year Treasury, which tends to move with expectations for the Fed's actions, has declined to 3.05% from more than 3.40% in the middle of last week, though it rose Friday. Also Read | Microsoft to stop selling AI facial recognition software,The yield on the 10-year Treasury, which sets the bedrock of the world's financial system, rose to 3.12% on Friday from 3.07% late Thursday. Earlier this year, it more than doubled after starting 2022 a little above 1.50%.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Treasury,the Federal Reserve,Fed,Nasdaq,US,US stock market, US early Trade, nasdaq, Dow Jones, S\u0026P 500, Wall Street, US inflation, US economy,Business news, USA Business news","originalPublishedOn":"2022-06-24T16:07:14.370506+00:00"}},{"node":{"id":"S2wRwmYxEbui","slug":"english/inflation-gun-violence-sinks-bidens-approval-rating-to-record-low-report","title":"Inflation, gun violence sinks Biden's approval rating to record low: Report","postType":1,"coverMedia":"/opoyi_EELwQ_2LO.jpg","coverCaption":"President Joe Biden speaks about gas prices in the South Court Auditorium. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-24T05:10:00.428131+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eUS President Joe Biden's approval rating plummeted to a record law according to a Reuters/Ipsos poll\u003c/li\u003e\n \u003cli\u003eSupport for Biden has been declining consistently since August 2021\u003c/li\u003e\n \u003cli\u003eInflation and gun violence are belived to be behind the decline\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656047250552,\\\"strCount\\\":2615,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"US President \u003ca href=\\\\\\\"https://opoyi.com/topic/joebiden\\\\\\\"\u003eJoe Biden\u003c/a\u003e's public approval rating fell to its lowest level recently, matching the record-low levels it had fallen to in May this year, driven by an uptick in \u003ca href=\\\\\\\"https://opoyi.com/topic/gunviolence\\\\\\\"\u003egun violence\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/english/uk-inflation-rate-hits-new-40-year-high-all-you-need-to-know\\\\\\\"\u003erecord levels of inflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a recent Reuters/Ipsos opinion poll concluded Wednesday, the 79-year-old's approval rating plummeted for the fourth straight week in a row and hit 36% this week, matching its May record.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/us-senate-passes-bipartisan-gun-control-bill-what-comes-next\\\\\\\"\u003eUS Senate passes bipartisan gun control bill: What comes next?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Even in Biden's own party, support for the President declined by one percentage point in the latest poll and hit 73%, down considerably from 85% in August 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among Republicans, support for Biden fell considerably in the latest poll, slipping to 7% in the latest poll from 11% on June 15.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In general, the poll found that only 18% of the Americans surveyed believed that the US was headed in the right direction under Biden.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/joe-biden-11-us-states-join-hands-to-boost-offshore-wind-energy\\\\\\\"\u003eJoe Biden, 11 US states join hands to boost offshore wind energy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat's behind the consistent decline?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After coming into power in January last year, Biden enjoyed a few months of majoritarian support in the US, but things started going downhill for the 79-year-old from August last year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Since August 2021, Biden's approval rating has not risen above 50%, and has seen consistent declines of late, sparking fears that the Democrats could lose control of at least one chamber of the \u003ca href=\\\\\\\"https://opoyi.com/topic/uscongress\\\\\\\"\u003eUS Congress\u003c/a\u003e in the \u003ca href=\\\\\\\"https://opoyi.com/topic/2022usmidterms\\\\\\\"\u003emid-term elections\u003c/a\u003e this November.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/one-month-after-uvalde-shooting-gun-control-has-a-bittersweet-day-in-us\\\\\\\"\u003eOne month after Uvalde shooting, gun control has a bittersweet day in US\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Biden's fall from grace has been precipitated by a number of reasons, not least being the state of the \u003ca href=\\\\\\\"https://opoyi.com/topic/useconomy\\\\\\\"\u003eUS economy\u003c/a\u003e, which is experiencing its highest levels of inflation in more than four decades.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Compounding Biden's problems is burgeoning gun violence in the US, which has seen a sharp uptick of late, with several deadly mass shootings rocking the country.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington, D.C., USA"},"createdBy":{"name":"Shiladitya Ray","photo":"","username":"shiladitya","id":"8PsQOset1365","role":null},"topics":[{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"GunViolence","slug":"gunviolence","id":"typIPA4fxbfX"},{"name":"USEconomy","slug":"useconomy","id":"xuPbZjQlomEt"},{"name":"DemocraticParty","slug":"democraticparty","id":"o5cIzycfE1Px"},{"name":"RepublicanParty","slug":"republicanparty","id":"JeBpnSz5cZyu"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Politics","slug":"politics","id":"ODQ1kqHlUPEu"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Shiladitya Ray","id":"8PsQOset1365","username":"shiladitya"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-24T05:10:00.428134+00:00","publisher":0,"sourceFeed":null,"cleanText":"US President Joe Biden's public approval rating fell to its lowest level recently, matching the record-low levels it had fallen to in May this year, driven by an uptick in gun violence and record levels of inflation. According to a recent Reuters/Ipsos opinion poll concluded Wednesday, the 79-year-old's approval rating plummeted for the fourth straight week in a row and hit 36% this week, matching its May record. Also read | US Senate passes bipartisan gun control bill: What comes next?,Even in Biden's own party, support for the President declined by one percentage point in the latest poll and hit 73%, down considerably from 85% in August 2021. Among Republicans, support for Biden fell considerably in the latest poll, slipping to 7% in the latest poll from 11% on June 15. In general, the poll found that only 18% of the Americans surveyed believed that the US was headed in the right direction under Biden. Also read | Joe Biden, 11 US states join hands to boost offshore wind energy,What's behind the consistent decline?,After coming into power in January last year, Biden enjoyed a few months of majoritarian support in the US, but things started going downhill for the 79-year-old from August last year. Since August 2021, Biden's approval rating has not risen above 50%, and has seen consistent declines of late, sparking fears that the Democrats could lose control of at least one chamber of the US Congress in the mid-term elections this November. Also read | One month after Uvalde shooting, gun control has a bittersweet day in US,Biden's fall from grace has been precipitated by a number of reasons, not least being the state of the US economy, which is experiencing its highest levels of inflation in more than four decades. Compounding Biden's problems is burgeoning gun violence in the US, which has seen a sharp uptick of late, with several deadly mass shootings rocking the country.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.906","longitude":"-77.0334","name":"Washington, D.C., USA","city":"Washington"},"keywords":"US,Biden,Joe Biden,Reuters/Ipsos,Senate,Republicans,Americans,Democrats,Uvalde,biden approval, biden approval rating","originalPublishedOn":"2022-06-24T05:10:00+00:00"}},{"node":{"id":"jRcpjVYW6vOR","slug":"english/us-president-joe-biden-proposes-gas-tax-suspension-for-3-months","title":"US President Joe Biden proposes gas tax suspension for 3 months","postType":1,"coverMedia":"/opoyi_EELwQ_2LO.jpg","coverCaption":"President Joe Biden speaks about gas prices in the South Court Auditorium. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-23T01:50:00.148582+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe move has been greeted with doubts by many lawmakers\u003c/li\u003e\n \u003cli\u003e\"It doesn't reduce all the pain but it will be a big help\", Biden said\u003c/li\u003e\n \u003cli\u003eThe US Congress will decide if the measure will go through\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655948662479,\\\"strCount\\\":7434,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"President Joe Biden on Wednesday called on Congress to suspend \u003ca href=\\\\\\\"https://opoyi.com/english/california-may-give-financial-aid-for-gas-as-prices-soar-across-us\\\\\\\"\u003efederal gasoline and diesel taxes\u003c/a\u003e for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Democratic president also called on states to \u003ca href=\\\\\\\"https://opoyi.com/english/california-may-give-financial-aid-for-gas-as-prices-soar-across-us\\\\\\\"\u003esuspend their own gas taxes \u003c/a\u003eor provide similar relief, and he delivered a public critique of the energy industry for prioritizing profits over production. It would take action by lawmakers in Washington and in statehouses across the country to actually bring relief to consumers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"It doesn't reduce all the pain but it will be a big help,\\\\\\\" Biden said, using the bully pulpit when his administration believes it has run out of direct levers to address soaring gas prices. \\\\\\\"I'm doing my part. I want Congress, states and industry to do their part as well.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump when prices are averaging about $5 a gallon nationwide.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/uk-inflation-rate-hits-new-40-year-high-all-you-need-to-know\\\\\\\"\u003eUK inflation rate hits new 40-year high: All you need to know\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Biden's push faces uphill odds in Congress, which must act in order to suspend the tax, and where many lawmakers, including some in his own party, have expressed reservations. Even many economists view the idea of a gas tax holiday with skepticism.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Democratic \u003ca href=\\\\\\\"https://opoyi.com/english/nancy-pelosis-husband-paul-pelosi-arrested-in-california-for-dui-reports\\\\\\\"\u003eHouse Speaker Nancy Pelosi\u003c/a\u003e offered a noncommittal response to Biden's proposal, saying she would look to see if there was support for it in Congress.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We will see where the consensus lies on a path forward for the president's proposal in the House and the Senate,\\\\\\\" Pelosi said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Unlikely to pass a gas tax holiday through the 50-50 Senate, Majority Leader Chuck Schumer of New York said Wednesday that Democrats will focus instead on their bill to crack down on oil companies \\\\\\\"manipulating the market\\\\\\\" for higher prices and profits. \\\\\\\"We're going to focus on that issue,\\\\\\\" Schumer said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In his speech, Biden tied higher energy prices to \u003ca href=\\\\\\\"https://opoyi.com/english/white-house-calls-russian-moves-on-ukraine-an-invasion\\\\\\\"\u003eRussia's invasion of Ukraine\u003c/a\u003e and said, \\\\\\\"defending freedom, defending democracy was not going to go without cost for the American people and the rest of the free world.\\\\\\\" The president noted that lawmakers backed sanctions against Russia and aiding Ukraine despite the risks of inflation from resulting energy and food shortages.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Democrats, Republicans and independents in Congress chose to support Ukraine, \\\\\\\"knowing full well the cost,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"So for all those Republicans in Congress criticizing me today for high gas prices in America: Are you now saying you were wrong to support Ukraine?\\\\\\\" Biden said. \\\\\\\"Are you saying that we would rather have lower gas prices in America than (Russian President Vladimir) Putin's iron fist in Europe? I don't believe that. \\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The president said \\\\\\\"states are now in a strong position to be able to afford to take some of these actions,\\\\\\\" thanks to federal support from the 2021 COVID-19 relief bill. But there is no guarantee that states will tap into their budgets to suspend their taxes on gas or to deliver rebates to consumers, as Biden is requesting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Barack Obama, during the 2008 presidential campaign, called the idea of a gas tax holiday a \\\\\\\"gimmick\\\\\\\" that allowed politicians to \\\\\\\"say that they did something.\\\\\\\" He also warned that oil companies could offset the tax relief by increasing their prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The administration is saying that gas tax suspensions at the federal and state levels as well as energy companies pouring their profits into production and refining capacity could cut gas prices by $1 a gallon.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High gas prices pose a fundamental threat to Biden's electoral and policy ambitions. They've caused confidence in the economy to slump to lows that bode poorly for defending Democratic control of the House and the Senate in November.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Biden's past efforts to cut gas prices — including the release of oil from the U.S. strategic reserve and greater ethanol blending this summer — have not delivered savings at the pump, a risk that carries over to the idea of a gas tax holiday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The president can do remarkably little to fix prices that are set by global markets, profit-driven companies, consumer demand and aftershocks from Russia's invasion of Ukraine and the embargoes that followed. The underlying problem is a shortage of oil and refineries that produce gas, a challenge a tax holiday cannot necessarily fix.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Mark Zandi, chief economist at Moody's Analytics, estimated that the majority of the 8.6% inflation seen over the past 12 months in the U.S. comes from higher commodity prices due to Russia's invasion and continued disruptions from the coronavirus.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"In the immediate near term, it is critical to stem the increase in oil prices,\\\\\\\" Zandi said last week, suggesting that Saudi Arabia, the United Arab Emirates and a nuclear deal with Iran could help to boost supplies and lower prices. Republican lawmakers have tried to shift more blame to Biden, saying he created a hostile environment for domestic oil producers, causing their output to stay below pre-pandemic levels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Senate Republican leader Mitch McConnell mocked the gas tax holiday as an \\\\\\\"ineffective stunt\\\\\\\" in a Wednesday floor speech. \\\\\\\"This ineffective administration's big new idea is a silly proposal that senior members of their own party have already shot down well in advance,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rep. Peter DeFazio, the Democratic chairman of the House Transportation and Infrastructure Committee, said he would not support suspending the gas tax. \\\\\\\"I'm going to be working against it. I have the largest committee in Congress, so we'll see.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"DeFazio said a better course would be to tax oil companies on \\\\\\\"windfall profits.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/russia-making-billions-amid-war-in-ukraine-europe-its-biggest-customer\\\\\\\"\u003eRussia making billions amid war in Ukraine, Europe its biggest customer\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Administration officials said the $10 billion cost of the gas tax holiday would be paid for and the Highway Trust Fund kept whole, even though the gas taxes make up a substantial source of revenue for the fund. The officials did not specify any new revenue sources.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The president has also called on energy companies to accept lower profit margins to increase oil production and refining capacity for gasoline.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This has increased tensions with oil producers: Biden has judged the companies to be making \\\\\\\"more money than God.\\\\\\\" That kicked off a chain of events in which the head of Chevron, Michael Wirth, sent a letter to the White House saying that the administration \\\\\\\"has largely sought to criticize, and at times vilify, our industry.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asked about the letter, Biden said of Wirth: \\\\\\\"He's mildly sensitive. I didn't know they'd get their feelings hurt that quickly.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Energy companies are scheduled to meet Thursday with Energy Secretary Jennifer Granholm to discuss ways to increase supply.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Aman Butani","photo":"","username":"amanbutani1975","id":"wo3kJpOpSZW2","role":null},"topics":[{"name":"GasTaxHoliday","slug":"gastaxholiday","id":"2b1wy1dLeREK"},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O"},{"name":"USSenate","slug":"ussenate","id":"1awmCmIjhk9L"},{"name":"USHouseOfRepresentatives","slug":"ushouseofrepresentatives","id":"mEdWWNoZO1pM"},{"name":"NancyPelosi","slug":"nancypelosi","id":"5LQimTN3zkV7"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"International","slug":"international","id":"NYS6J2BBfSdS"},{"name":"USCongress","slug":"uscongress","id":"EA4mfXbN7iJQ"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-23T01:50:00.148585+00:00","publisher":0,"sourceFeed":null,"cleanText":"President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. The Democratic president also called on states to suspend their own gas taxes or provide similar relief, and he delivered a public critique of the energy industry for prioritizing profits over production. It would take action by lawmakers in Washington and in statehouses across the country to actually bring relief to consumers. It doesn't reduce all the pain but it will be a big help, Biden said, using the bully pulpit when his administration believes it has run out of direct levers to address soaring gas prices. I'm doing my part. I want Congress, states and industry to do their part as well. At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump when prices are averaging about $5 a gallon nationwide. Also Read: UK inflation rate hits new 40-year high: All you need to know,Biden's push faces uphill odds in Congress, which must act in order to suspend the tax, and where many lawmakers, including some in his own party, have expressed reservations. Even many economists view the idea of a gas tax holiday with skepticism. Democratic House Speaker Nancy Pelosi offered a noncommittal response to Biden's proposal, saying she would look to see if there was support for it in Congress. We will see where the consensus lies on a path forward for the president's proposal in the House and the Senate, Pelosi said. Unlikely to pass a gas tax holiday through the 50-50 Senate, Majority Leader Chuck Schumer of New York said Wednesday that Democrats will focus instead on their bill to crack down on oil companies manipulating the market for higher prices and profits. We're going to focus on that issue, Schumer said. In his speech, Biden tied higher energy prices to Russia's invasion of Ukraine and said, defending freedom, defending democracy was not going to go without cost for the American people and the rest of the free world. The president noted that lawmakers backed sanctions against Russia and aiding Ukraine despite the risks of inflation from resulting energy and food shortages. Democrats, Republicans and independents in Congress chose to support Ukraine, knowing full well the cost, he said. So for all those Republicans in Congress criticizing me today for high gas prices in America: Are you now saying you were wrong to support Ukraine? Biden said. Are you saying that we would rather have lower gas prices in America than (Russian President Vladimir) Putin's iron fist in Europe? I don't believe that. ,The president said states are now in a strong position to be able to afford to take some of these actions, thanks to federal support from the 2021 COVID-19 relief bill. But there is no guarantee that states will tap into their budgets to suspend their taxes on gas or to deliver rebates to consumers, as Biden is requesting. Barack Obama, during the 2008 presidential campaign, called the idea of a gas tax holiday a gimmick that allowed politicians to say that they did something. He also warned that oil companies could offset the tax relief by increasing their prices. The administration is saying that gas tax suspensions at the federal and state levels as well as energy companies pouring their profits into production and refining capacity could cut gas prices by $1 a gallon. High gas prices pose a fundamental threat to Biden's electoral and policy ambitions. They've caused confidence in the economy to slump to lows that bode poorly for defending Democratic control of the House and the Senate in November. Biden's past efforts to cut gas prices — including the release of oil from the U.S. strategic reserve and greater ethanol blending this summer — have not delivered savings at the pump, a risk that carries over to the idea of a gas tax holiday. The president can do remarkably little to fix prices that are set by global markets, profit-driven companies, consumer demand and aftershocks from Russia's invasion of Ukraine and the embargoes that followed. The underlying problem is a shortage of oil and refineries that produce gas, a challenge a tax holiday cannot necessarily fix. Mark Zandi, chief economist at Moody's Analytics, estimated that the majority of the 8.6% inflation seen over the past 12 months in the U.S. comes from higher commodity prices due to Russia's invasion and continued disruptions from the coronavirus. In the immediate near term, it is critical to stem the increase in oil prices, Zandi said last week, suggesting that Saudi Arabia, the United Arab Emirates and a nuclear deal with Iran could help to boost supplies and lower prices. Republican lawmakers have tried to shift more blame to Biden, saying he created a hostile environment for domestic oil producers, causing their output to stay below pre-pandemic levels. Senate Republican leader Mitch McConnell mocked the gas tax holiday as an ineffective stunt in a Wednesday floor speech. This ineffective administration's big new idea is a silly proposal that senior members of their own party have already shot down well in advance, he said. Rep. Peter DeFazio, the Democratic chairman of the House Transportation and Infrastructure Committee, said he would not support suspending the gas tax. I'm going to be working against it. I have the largest committee in Congress, so we'll see. DeFazio said a better course would be to tax oil companies on windfall profits. Also Read: Russia making billions amid war in Ukraine, Europe its biggest customer,Administration officials said the $10 billion cost of the gas tax holiday would be paid for and the Highway Trust Fund kept whole, even though the gas taxes make up a substantial source of revenue for the fund. The officials did not specify any new revenue sources. The president has also called on energy companies to accept lower profit margins to increase oil production and refining capacity for gasoline. This has increased tensions with oil producers: Biden has judged the companies to be making more money than God. That kicked off a chain of events in which the head of Chevron, Michael Wirth, sent a letter to the White House saying that the administration has largely sought to criticize, and at times vilify, our industry. Asked about the letter, Biden said of Wirth: He's mildly sensitive. I didn't know they'd get their feelings hurt that quickly. Energy companies are scheduled to meet Thursday with Energy Secretary Jennifer Granholm to discuss ways to increase supply.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"Joe Biden, Gas Tax holiday,Gas prices in US,Us gas prices inflation, inflation in US, US Congress on gas prices","originalPublishedOn":"2022-06-23T01:50:00+00:00"}},{"node":{"id":"iOAFRiUBkT2Z","slug":"english/uk-inflation-rate-hits-new-40-year-high-all-you-need-to-know","title":"UK inflation rate hits new 40-year high: All you need to know","postType":1,"coverMedia":"/opoyi_CuLVSD4Zm.jpg","coverCaption":"Inflation rates have been going up around the world, (Photo Credit: Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-22T09:50:00.740490+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation was registered at\u0026nbsp;9.1%\u003c/li\u003e\n \u003cli\u003eTop economists had forecast such a spike in inflation\u003c/li\u003e\n \u003cli\u003eInflation has been soaring across the globe\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655890766677,\\\"strCount\\\":3160,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u003ca href=\\\\\\\"https://opoyi.com/topic/unitedkingdom\\\\\\\\\\\\\\\"\u003e United Kingdom\u003c/a\u003e recorded its highest inflation rate in over four decades on Tuesday. Inflation was registered at\u0026nbsp;9.1% in the 12 months to May as\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/white-house-calls-russian-moves-on-ukraine-an-invasion\\\\\\\"\u003eRussia's war in Ukraine\u003c/a\u003e\u0026nbsp;drove \u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003efood and fuel prices ever higher.\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;consumer price inflation in the United Kingdom\u0026nbsp;rose slightly from 9% in April-- reaching its highest point since 1982, according to the country's Office for National Statistics. However, this was no surprise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/everything-thats-high-snoop-dogg-his-blunt-rollers-salary-and-inflation\\\\\\\"\u003eEverything that's high: Snoop Dogg, his blunt roller's salary and inflation\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Top international economists had forecast the numbers and said that this signals no quick end to the cost-of-living squeeze facing millions in Britain, Associated Press reported. The United Kingdom is further expected to raise its cap on domestic energy bills, which could drive inflation up to 11%, the \u003ca href=\\\\\\\"https://opoyi.com/bank-of-england-raises-interest-rates-to-025-to-combat-inflation\\\\\\\"\u003eBank of England\u003c/a\u003e said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat are experts saying?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Grant Fitzner, the chief economist of the\u0026nbsp;Office for National Statistics, said that \\\\\\\"continued steep food price rises and record-\u003ca href=\\\\\\\"https://opoyi.com/english/california-may-give-financial-aid-for-gas-as-prices-soar-across-us\\\\\\\"\u003ehigh petrol prices \u003c/a\u003ewere offset by clothing costs rising by less than this time last year, and a drop in often fluctuating computer games prices.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Think tank\u0026nbsp;Resolution Foundation's\u0026nbsp;senior economist\u0026nbsp;Jack Leslie said\u0026nbsp;inflation would likely climb further in June because of “the big spike in petrol prices over the past month\\\\\\\", according to Associated Press reports.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat is the situation across the globe?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/us-fed-may-increase-interest-rates-more-than-4-times-due-to-inflation-report\\\\\\\"\u003eInflation is soaring \u003c/a\u003eworldwide. The United States reported a rate of 8.6% in May and the 19 countries that use the euro recorded 8.1% inflation the same month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Millions of people in Britain, like those across Europe, are seeing their cost of living soar, in part driven by Russia’s war in Ukraine that is squeezing supplies of energy and food staples such as wheat.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003eHow Russia-Ukraine war is behind highest US inflation spike since 1981\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat else is happening in the UK?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The pressure is driving British workers to seek substantial pay increases, a move the Conservative government argues could spark a wage-price spiral, driving inflation even higher.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tens of thousands of railway workers are walking off the job for three days this week in the country’s biggest transit strike for three decades, and a potential precursor to a summer of labor discontent.\\\"}}]}","relatedPosts":null,"location":{"name":"London, UK"},"createdBy":{"name":"Aman Butani","photo":"","username":"amanbutani1975","id":"wo3kJpOpSZW2","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"UnitedKingdom","slug":"unitedkingdom","id":"ZT6urOP4Pu5S"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"International","slug":"international","id":"NYS6J2BBfSdS"},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Aman Butani","id":"wo3kJpOpSZW2","username":"amanbutani1975"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"4","name":"AP"}],"originalPost":null,"publishedOn":"2022-06-22T09:50:00.740494+00:00","publisher":0,"sourceFeed":null,"cleanText":"The United Kingdom recorded its highest inflation rate in over four decades on Tuesday. Inflation was registered at 9.1% in the 12 months to May as Russia's war in Ukraine drove food and fuel prices ever higher. The consumer price inflation in the United Kingdom rose slightly from 9% in April-- reaching its highest point since 1982, according to the country's Office for National Statistics. However, this was no surprise. Also Read: Everything that's high: Snoop Dogg, his blunt roller's salary and inflation,Top international economists had forecast the numbers and said that this signals no quick end to the cost-of-living squeeze facing millions in Britain, Associated Press reported. The United Kingdom is further expected to raise its cap on domestic energy bills, which could drive inflation up to 11%, the Bank of England said. What are experts saying?,Grant Fitzner, the chief economist of the Office for National Statistics, said that continued steep food price rises and record-high petrol prices were offset by clothing costs rising by less than this time last year, and a drop in often fluctuating computer games prices. Think tank Resolution Foundation's senior economist Jack Leslie said inflation would likely climb further in June because of “the big spike in petrol prices over the past month, according to Associated Press reports. What is the situation across the globe?,Inflation is soaring worldwide. The United States reported a rate of 8.6% in May and the 19 countries that use the euro recorded 8.1% inflation the same month. Millions of people in Britain, like those across Europe, are seeing their cost of living soar, in part driven by Russia’s war in Ukraine that is squeezing supplies of energy and food staples such as wheat. Also Read: How Russia-Ukraine war is behind highest US inflation spike since 1981,What else is happening in the UK?,The pressure is driving British workers to seek substantial pay increases, a move the Conservative government argues could spark a wage-price spiral, driving inflation even higher. Tens of thousands of railway workers are walking off the job for three days this week in the country’s biggest transit strike for three decades, and a potential precursor to a summer of labor discontent.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"51.5072","longitude":"-0.1276","name":"London, UK","city":"City of Westminster"},"keywords":"UK inflation,highest inflation rate UK, UK office of national statistics, Uk gas prices, uk inflation, global inflation","originalPublishedOn":"2022-06-22T09:50:00+00:00"}},{"node":{"id":"uUdgBNyVTXCr","slug":"english/kpr-mill-falls-9-hit-52-week-low-as-investors-fear-demand-slowdown","title":"KPR Mill falls 9%, hit 52-week low as investors fear demand slowdown","postType":1,"coverMedia":"/opoyi_KLuZmVdCQV.jpg","coverCaption":"Indian domestic textile firms witnessed a decline in market share in the US (Photo credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-21T11:11:58.148336+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eShares of KPR Mill touched a 52-week low of Rs 479.60\u003c/li\u003e\n \u003cli\u003eGlobal retailers have significantly lowered their profit projections\u003c/li\u003e\n \u003cli\u003eIn the past year, the market price of KPR Mill has surged 60%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655809917401,\\\"strCount\\\":3805,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares of KPR Mill touched a 52-week low of Rs 479.60,\\\\nfalling over 9% on the BSE in intra-day trade. The stock has plunged 24% so far\\\\nin the month of June on a cautious outlook. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eGlobal\u003c/a\u003e retailers have significantly lowered their profit\\\\nprojections, sighting raw material \u003ca href=\\\\\\\"https://opoyi.com/english/india-inflation-down-by-075-what-it-means-for-consumers\\\\\\\"\u003einflation\u003c/a\u003e and removal/reduction of stimulus,\\\\ndampening the outlook. With the recent decline, the stock of the garments and\\\\napparel maker has fallen 38% from January 17, 2022. In comparison, the S\u0026amp;P\\\\nBSE Sensex was up 1.7% at 52,463 points at 12:50 PM.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/crypto-news-daily-bitcoin-data-and-price-analysis-for-june-21-2022\\\\\\\"\u003eCrypto news daily: Bitcoin data and price analysis for June 21, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the past year, the market price of KPR Mill has surged\\\\n60% as compared to a 0.22% decline in the Sensex on the account of strong\\\\nearnings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the financial year 2021-22, the company reported a\\\\nprofit after tax (PAT) of Rs 842 crore, up 63.38% year on year from Rs 515 crore\\\\nin the previous fiscal. Earnings before interest, taxes, depreciation, and\\\\namortization (EBITDA) margin improved 230 basis points to 26.6% in fiscal 2022\\\\nfrom 24.3% in fiscal 2021. However, in the March quarter EBITDA margin\\\\ncontracted 90 bps to 23.8% from 24.7% in the year-ago quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/new-whatsapp-update-all-you-need-to-know\\\\\\\"\u003eNew WhatsApp update: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e\u0026nbsp;domestic textile firms witnessed a decline in market\\\\nshare in the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e. India’s apparel export data in May 2022 has seen a receding\\\\ntrajectory, said analysts at ICICI Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/new-whatsapp-update-all-you-need-to-know\\\\\\\"\u003eNew WhatsApp update: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"US is one of the key textile markets for India\\\\naccounting for 50% of home textile exports and 28% of apparel exports. Hence,\\\\nreduced purchasing power in key export markets would negatively impact the\\\\norder book of Indian exporters,\\\\\\\" the brokerage firm said in a textile\\\\nsector update.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/sri-lanka-troops-open-fire-at-protesters-over-petrol-diesel-supply\\\\\\\"\u003eSri Lanka troops open fire at protesters over petrol, diesel supply\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Textile stocks have seen a significant surge in the past\\\\ntwo years. However, the brokerage firm says that current headwinds could\\\\noutweigh the long-term structural story (expected free trade agreements with\\\\nEurope/UK, PLI scheme, China+1) in the near future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/bitcoin-meltdown-lands-el-salvadors-economy-in-a-muddle\\\\\\\"\u003eBitcoin meltdown lands El Salvador’s economy in a muddle\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The brokerage firm further added that the recent\\\\nevents/news flow suggested that major US retailers like Gap, Target, and\\\\nWalmart) were grappling with excess inventory issues owing to\\\\nlower-than-expected demand and delayed deliveries due to port congestion resulting\\\\nin seasonal and occasion-specific products remaining unsold.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/spacex-fires-employees-critical-of-free-speech-absolutist-elon-musk\\\\\\\"\u003eSpaceX fires employees critical of 'free speech absolutist' Elon Musk\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The textile sector has good long-term potential but\\\\nwe advise a cautious stance on the sector currently owing to near-term\\\\nheadwinds. Hence, we downgrade the stocks from BUY to HOLD,\\\\\\\" analysts\\\\nsaid, with a target price of Rs 635 on KPR Mill.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The stock closed 18.95 points or 3.61% down at Rs 505.50 on\\\\nthe Bombay Stock Exchange (BSE).\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Textile","slug":"textile","id":"4YM1JU4RXJd1"},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6"},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ"},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ"},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-21T11:11:56.886317+00:00","publisher":0,"sourceFeed":null,"cleanText":"Shares of KPR Mill touched a 52-week low of Rs 479.60, falling over 9% on the BSE in intra-day trade. The stock has plunged 24% so far in the month of June on a cautious outlook. ,Global retailers have significantly lowered their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. With the recent decline, the stock of the garments and apparel maker has fallen 38% from January 17, 2022. In comparison, the S\u0026P BSE Sensex was up 1.7% at 52,463 points at 12:50 PM. Also Read | Crypto news daily: Bitcoin data and price analysis for June 21, 2022,In the past year, the market price of KPR Mill has surged 60% as compared to a 0.22% decline in the Sensex on the account of strong earnings. For the financial year 2021-22, the company reported a profit after tax (PAT) of Rs 842 crore, up 63.38% year on year from Rs 515 crore in the previous fiscal. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved 230 basis points to 26.6% in fiscal 2022 from 24.3% in fiscal 2021. However, in the March quarter EBITDA margin contracted 90 bps to 23.8% from 24.7% in the year-ago quarter. Also Read | New WhatsApp update: All you need to know,Indian domestic textile firms witnessed a decline in market share in the US. India’s apparel export data in May 2022 has seen a receding trajectory, said analysts at ICICI Securities. Also Read | New WhatsApp update: All you need to know,US is one of the key textile markets for India accounting for 50% of home textile exports and 28% of apparel exports. Hence, reduced purchasing power in key export markets would negatively impact the order book of Indian exporters, the brokerage firm said in a textile sector update. Also Read | Sri Lanka troops open fire at protesters over petrol, diesel supply,Textile stocks have seen a significant surge in the past two years. However, the brokerage firm says that current headwinds could outweigh the long-term structural story (expected free trade agreements with Europe/UK, PLI scheme, China+1) in the near future. Also Read | Bitcoin meltdown lands El Salvador’s economy in a muddle,The brokerage firm further added that the recent events/news flow suggested that major US retailers like Gap, Target, and Walmart) were grappling with excess inventory issues owing to lower-than-expected demand and delayed deliveries due to port congestion resulting in seasonal and occasion-specific products remaining unsold. Also Read | SpaceX fires employees critical of 'free speech absolutist' Elon Musk,The textile sector has good long-term potential but we advise a cautious stance on the sector currently owing to near-term headwinds. Hence, we downgrade the stocks from BUY to HOLD, analysts said, with a target price of Rs 635 on KPR Mill. The stock closed 18.95 points or 3.61% down at Rs 505.50 on the Bombay Stock Exchange (BSE).","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"KPR Mill,India,ICICI Securities,Europe,UK,Gap,Target,the Bombay Stock Exchange,KPR mill stock price, KPR mill share price, KPR mill BSE, stock market, share market, Sensex, Nifty, NSE, BSE","originalPublishedOn":"2022-06-21T11:11:56.886305+00:00"}},{"node":{"id":"MwEwkbwc7tbt","slug":"english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india","title":"Impact of US Feds' biggest rate hike since 1994 on India","postType":1,"coverMedia":"/opoyi_lE00OenV4hP.jpg","coverCaption":"New York Stock Exchange shows the rate decision of the Federal Reserve. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-16T07:57:54.870841+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eFed's interest rate on loans to banks to jump to 3.4% by the end of the year\u003c/li\u003e\n \u003cli\u003eFed's key interest rate will be raised by three-quarters of a percentage point to a range of 1.5% to 1.75%\u003c/li\u003e\n \u003cli\u003eIn India, major indices opened higher on Thursday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655366275061,\\\"strCount\\\":6790,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-hikes-rate-75bps-highest-since-1994\\\\\\\"\u003eUS Federal Reserve raised interest rates\u003c/a\u003e by three-quarters of a percentage point on Wednesday, June 15, its \u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-hikes-rate-75bps-highest-since-1994\\\\\\\"\u003emost aggressive move since 1994\u003c/a\u003e, in an attempt to curb high inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed raised interest rates for the third time since March, following an unexpected increase in US inflation last month. The US Federal Reserve has signalled similar-sized rises later this year, possibly undermining the already shaky investor sentiment across markets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following the completion of a two-day Federal Open Market Committee (FOMC) meeting on Wednesday, central bank head Jerome Powell hinted that the Fed's key interest rate will be raised by three-quarters of a percentage point to a range of 1.5% to 1.75%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Forecasts issued following the meeting showed officials expecting the Fed's interest rate on loans to banks to jump to 3.4% by the end of the year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/india-inflation-down-by-075-what-it-means-for-consumers\\\\\\\"\u003eIndia inflation down by 0.75%: What it means for consumers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors across the world have been looking for hints that the Fed will be more aggressive in winding down the stimulus that has been fueling stock market gains throughout the globe.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The revised forecasts are viewed as a decisive step to accelerate the turnaround of the central bank's expansionary monetary policy implemented in early 2020 to restrengthen the \u003ca href=\\\\\\\"https://opoyi.com/topic/american\\\\\\\"\u003eAmerican\u003c/a\u003e economy in the aftermath of the Covid-19 pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Part of this assistance came in the shape of an extraordinary bond-buying programme meant to reduce long-term interest rates and stimulate more borrowing and spending by both consumers and businesses.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After an early decline, the \u003ca href=\\\\\\\"https://opoyi.com/english/us-stock-market-djia-sp500-nasdaq-and-russell-ended-in-green-on-wednesday-2\\\\\\\"\u003eDow Jones Industrial Average surged sharply\u003c/a\u003e during Powell's post-meeting press conference, before paring gains and concluding the trade on Wednesday.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In India, \u003ca href=\\\\\\\"https://opoyi.com/english/sensex-surges-600-points-while-nifty-around-15860-in-early-trade\\\\\\\"\u003emajor indices opened higher\u003c/a\u003e on Thursday, June 16, mostly because markets had anticipated the rate hike following the release of May US inflation data last week.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The recent boost is also considered a recognition of the Fed's determination to combat inflation, after being seen as falling behind the curve in managing prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/5-reasons-why-indian-rupee-had-a-great-fall\\\\\\\"\u003e5 reasons why Indian rupee had a great fall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US Fed, like other central banks, uses policy instruments to regulate the supply and cost of credit in the economy to drive employment and inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The federal funds rate is the Fed's key monetary policy instrument, and changes it, drives other interest rates, which in turn impact borrowing costs for households and businesses.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Furthermore, the bond-buying programme, also known as quantitative easing, was implemented in 2020 as an exceptional step to assist financial markets and the economy in limiting the impact of the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve isn't the only one that wants to raise interest rates. The Bank of England is likely to announce its fifth rate hike since December on Thursday, June 16, sending its key rate above 1% for the first time since 2009.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/australia\\\\\\\"\u003eAustralia\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topic/brazil\\\\\\\"\u003eBrazil\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topic/canada\\\\\\\"\u003eCanada\u003c/a\u003e have also hiked interest rates, and the European Central Bank has signalled that it may do so in the coming months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Borrowing becomes more expensive as interest rates rise in an economy, so people are less likely to buy products and services, and businesses are less likely to borrow funds to grow, acquire equipment, or invest in new ventures.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The following drop in demand for products and services lowers salaries and other prices, putting surging inflation under control.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to some analysts, a signal to raise policy rates in the United States ought to be negative for developing economies, particularly from the standpoint of the debt market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In developing markets such as India, inflation is higher and so interest rates are higher than in developed countries.\u0026nbsp; As a result, investors, particularly Foreign Portfolio Investors, choose to borrow in the US at lower interest rates in dollar terms and invest that money in bonds in nations such as India in rupee terms to earn a greater rate of return.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the Fed hikes its key rate, the gap between the two nations' interest rates narrows, making countries like India less appealing for currency carry trade.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A Fed rate hike would also mean less momentum for growth in the US, which might be disappointing news for the global economy, especially because \u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e is still reeling from the effects of the real estate crisis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High yields in US debt markets may cause a churn in developing market shares, dampening foreign investor confidence.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R"},{"name":"American","slug":"american","id":"NZFYoh1gkc1s"},{"name":"Australia","slug":"australia","id":"GHNRwuPQRAbw"},{"name":"Brazil","slug":"brazil","id":"oMX9RxTM4gav"},{"name":"Canada","slug":"canada","id":"Go7uHdKEBarl"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-16T07:57:53.961855+00:00","publisher":0,"sourceFeed":null,"cleanText":"The US Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday, June 15, its most aggressive move since 1994, in an attempt to curb high inflation. The Fed raised interest rates for the third time since March, following an unexpected increase in US inflation last month. The US Federal Reserve has signalled similar-sized rises later this year, possibly undermining the already shaky investor sentiment across markets. Also Read| Wall Street enters bear market: What does it mean for investors,Following the completion of a two-day Federal Open Market Committee (FOMC) meeting on Wednesday, central bank head Jerome Powell hinted that the Fed's key interest rate will be raised by three-quarters of a percentage point to a range of 1.5% to 1.75%. Forecasts issued following the meeting showed officials expecting the Fed's interest rate on loans to banks to jump to 3.4% by the end of the year. Also Read| India inflation down by 0.75%: What it means for consumers,Investors across the world have been looking for hints that the Fed will be more aggressive in winding down the stimulus that has been fueling stock market gains throughout the globe. ,The revised forecasts are viewed as a decisive step to accelerate the turnaround of the central bank's expansionary monetary policy implemented in early 2020 to restrengthen the American economy in the aftermath of the Covid-19 pandemic. Also Read| Why US inflation is going up and when will it come down,Part of this assistance came in the shape of an extraordinary bond-buying programme meant to reduce long-term interest rates and stimulate more borrowing and spending by both consumers and businesses. After an early decline, the Dow Jones Industrial Average surged sharply during Powell's post-meeting press conference, before paring gains and concluding the trade on Wednesday. ,Also Read| Explained: The impact of bond yields on markets and investors,In India, major indices opened higher on Thursday, June 16, mostly because markets had anticipated the rate hike following the release of May US inflation data last week. The recent boost is also considered a recognition of the Fed's determination to combat inflation, after being seen as falling behind the curve in managing prices. Also Read| 5 reasons why Indian rupee had a great fall,The US Fed, like other central banks, uses policy instruments to regulate the supply and cost of credit in the economy to drive employment and inflation. The federal funds rate is the Fed's key monetary policy instrument, and changes it, drives other interest rates, which in turn impact borrowing costs for households and businesses. Also Read| How inflation affects RBI’s interest rate policy,Furthermore, the bond-buying programme, also known as quantitative easing, was implemented in 2020 as an exceptional step to assist financial markets and the economy in limiting the impact of the pandemic. The Federal Reserve isn't the only one that wants to raise interest rates. The Bank of England is likely to announce its fifth rate hike since December on Thursday, June 16, sending its key rate above 1% for the first time since 2009. ,Also Read| Explained: Changes in repo rates and their impact on stock market,Australia, Brazil, and Canada have also hiked interest rates, and the European Central Bank has signalled that it may do so in the coming months. Borrowing becomes more expensive as interest rates rise in an economy, so people are less likely to buy products and services, and businesses are less likely to borrow funds to grow, acquire equipment, or invest in new ventures. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The following drop in demand for products and services lowers salaries and other prices, putting surging inflation under control. According to some analysts, a signal to raise policy rates in the United States ought to be negative for developing economies, particularly from the standpoint of the debt market. Also Read| Explained: Impact of MPC meeting on stock market,In developing markets such as India, inflation is higher and so interest rates are higher than in developed countries. As a result, investors, particularly Foreign Portfolio Investors, choose to borrow in the US at lower interest rates in dollar terms and invest that money in bonds in nations such as India in rupee terms to earn a greater rate of return. Also Read| Why interest rates are being hiked globally?,When the Fed hikes its key rate, the gap between the two nations' interest rates narrows, making countries like India less appealing for currency carry trade. A Fed rate hike would also mean less momentum for growth in the US, which might be disappointing news for the global economy, especially because China is still reeling from the effects of the real estate crisis. Also Read| How US Fed rate hike impacts the Indian rupee,High yields in US debt markets may cause a churn in developing market shares, dampening foreign investor confidence.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,US,India,The US Federal Reserve,Federal Open Market Committee,Jerome Powell,American,Powell,The US Fed,The Federal Reserve,The Bank of England,Australia,Brazil,Canada,the European Central Bank","originalPublishedOn":"2022-06-16T07:57:53.961846+00:00"}},{"node":{"id":"IhYCRB3lWsuc","slug":"english/federal-reserve-hikes-rate-75bps-highest-since-1994","title":"Federal Reserve hikes rate by 75bps, highest since 1994","postType":1,"coverMedia":"/opoyi_l4alTG1XO.jpg","coverCaption":"FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022 in Washington. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-15T19:15:28.498964+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Federal Reserve hiked its rate by 75bps\u003c/li\u003e\n \u003cli\u003eThe rate hike is its highest since 1994\u003c/li\u003e\n \u003cli\u003eThe hike is aimed at curbing the US' four-decade high inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655320528861,\\\"strCount\\\":6660,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"WASHINGTON (AP) — The \u003ca href=\\\\\\\"https://opoyi.com/topic/federalreserve\\\\\\\"\u003eFederal Reserve\u003c/a\u003e on Wednesday intensified its drive to tame high \u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003einflation\u003c/a\u003e by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank is ramping up its drive to tighten credit and slow growth with inflation having reached a \u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-jumped-75-in-the-past-year-a-40-year-high\\\\\\\"\u003efour-decade high of 8.6%\u003c/a\u003e, spreading to more areas of the economy and showing no sign of slowing. Americans are also starting to expect high inflation to last longer than they had before. This sentiment could embed an inflationary psychology in the economy that would make it harder to bring inflation back to the Fed’s 2% target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/president-joe-biden-says-us-will-send-1-billion-more-in-aid-to-ukraine\\\\\\\"\u003ePresident Joe Biden says US will send $1 billion more in aid to Ukraine\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed’s three-quarter-point rate increase exceeds the half-point hike that Chair \u003ca href=\\\\\\\"https://opoyi.com/who-is-jerome-powell\\\\\\\"\u003eJerome Powell\u003c/a\u003e had previously suggested was likely to be announced this week. The Fed’s decision to impose a rate hike as large as it did Wednesday was an acknowledgment that it's struggling to curb the pace and persistence of inflation, which has been worsened by \u003ca href=\\\\\\\"https://opoyi.com/english/russian-military-launches-special-operation-in-ukraine-7-things-to-know\\\\\\\"\u003eRussia’s war against Ukraine\u003c/a\u003e and its effects on energy prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Borrowing costs have already risen sharply across much of the U.S. economy in response to the Fed’s moves, with the average 30-year fixed mortgage rate topping 6%, its highest level since before the 2008 financial crisis, up from just 3% at the start of the year. The yield on the 2-year Treasury note, a benchmark for corporate borrowing, has jumped to 3.3%, its highest level since 2007.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Even if a recession can be avoided, economists say it’s almost inevitable that the Fed will have to inflict some pain — most likely in the form of higher unemployment — as the price of defeating chronically high inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/ford-recalls-29m-vehicles-over-bizarre-issue-list-of-models-affected\\\\\\\"\u003eFord recalls 2.9M vehicles over bizarre issue: List of models affected\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation has shot to the top of voter concerns in the months before Congress’ midterm elections, souring the public’s view of the economy, weakening President \u003ca href=\\\\\\\"https://opoyi.com/topic/joebiden\\\\\\\"\u003eJoe Biden\u003c/a\u003e’s approval ratings and raising the likelihood of Democratic losses in November. Biden has sought to show he recognizes the pain that inflation is causing American households but has struggled to find policy actions that might make a real difference. The president has stressed his belief that the power to curb inflation rests mainly with the Fed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yet the Fed’s rate hikes are blunt tools for trying to lower inflation while also sustaining growth. Shortages of oil, gasoline and food are propelling inflation. The Fed isn’t ideally suited to address many of the roots of inflation, which involve Russia’s invasion of Ukraine, still-clogged global supply chains, labor shortages and surging demand for services from airline tickets to restaurant meals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Expectations for larger Fed hikes have sent a range of interest rates to their highest points in years. The yield on the 2-year Treasury note, a benchmark for corporate bonds, has reached 3.3%, its highest level since 2007. The 10-year Treasury yield, which directly affects mortgage rates, has hit 3.4%, up nearly a half-point since last week and the highest level since 2011.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/french-president-emmanuel-macron-calls-for-in-depth-discussions-with-ukraine-likely-to-visit-kyiv\\\\\\\"\u003eFrench's Macron calls for 'in-depth discussions' with Ukraine, likely to visit Kyiv\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investments around the world, from bonds to bitcoin, have tumbled in recent months on fears surrounding high inflation and the prospect that the Fed’s aggressive drive to control it will cause a recession. Even if the Fed manages the delicate trick of curbing inflation without causing a recession, higher rates will nevertheless inflict pressure on stock prices. The S\u0026amp;P 500 has already sunk more than 20% this year, meeting the definition of a bear market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Other central banks around the world are also acting swiftly to try to quell surging inflation, even with their nations at greater risk of recession than the U.S. The European Central Bank is expected to raise rates by a quarter-point in July, its first increase in 11 years. It could announce a larger hike in September if record-high levels of inflation persist. On Wednesday, the ECB vowed to create a market backstop that could buffer member countries against financial turmoil of the kind that erupted during a debt crisis more than a decade ago.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Bank of England has raised rates four times since December to a 13-year high, despite predictions that economic growth will be unchanged in the second quarter. The BOE will hold an interest rate meeting on Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/in-a-first-after-russias-invasion-to-ukraine-japan-to-attend-nato-meet\\\\\\\"\u003eIn a first, after Russia's invasion to Ukraine, Japan to attend NATO meet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 19 European Union countries that use the euro currency endured record inflation of 8.1% last month. The United Kingdom notched a 40-year high of 9% in April. Though debt service costs remain contained for now, rising borrowing costs for indebted governments threatened the eurozone with a breakup in the early part of the last decade.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last week, the \u003ca href=\\\\\\\"https://opoyi.com/topic/worldbank\\\\\\\"\u003eWorld Bank\u003c/a\u003e warned of the threat of “stagflation” — slow growth accompanied by high inflation — around the world.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A key reason why a recession is now likelier is that economists increasingly believe that for the Fed to slow inflation to its 2% target, it will need to sharply reduce consumer spending, wage gains and economic growth. Ultimately, the unemployment rate will almost certainly have to rise — something the Fed hasn’t yet forecast but could in updated economic projections it will issue Wednesday.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington, D.C., USA"},"createdBy":{"name":"Shiladitya Ray","photo":"","username":"shiladitya","id":"8PsQOset1365","role":null},"topics":[{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-15T19:10:00.440320+00:00","publisher":0,"sourceFeed":"1ac1686aedc004","cleanText":"WASHINGTON (AP) — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession. The move the Fed announced after its latest policy meeting will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%. The central bank is ramping up its drive to tighten credit and slow growth with inflation having reached a four-decade high of 8.6%, spreading to more areas of the economy and showing no sign of slowing. Americans are also starting to expect high inflation to last longer than they had before. This sentiment could embed an inflationary psychology in the economy that would make it harder to bring inflation back to the Fed’s 2% target. Also read | President Joe Biden says US will send $1 billion more in aid to Ukraine,The Fed’s three-quarter-point rate increase exceeds the half-point hike that Chair Jerome Powell had previously suggested was likely to be announced this week. The Fed’s decision to impose a rate hike as large as it did Wednesday was an acknowledgment that it's struggling to curb the pace and persistence of inflation, which has been worsened by Russia’s war against Ukraine and its effects on energy prices. Borrowing costs have already risen sharply across much of the U.S. economy in response to the Fed’s moves, with the average 30-year fixed mortgage rate topping 6%, its highest level since before the 2008 financial crisis, up from just 3% at the start of the year. The yield on the 2-year Treasury note, a benchmark for corporate borrowing, has jumped to 3.3%, its highest level since 2007. Even if a recession can be avoided, economists say it’s almost inevitable that the Fed will have to inflict some pain — most likely in the form of higher unemployment — as the price of defeating chronically high inflation. Also read | Ford recalls 2.9M vehicles over bizarre issue: List of models affected,Inflation has shot to the top of voter concerns in the months before Congress’ midterm elections, souring the public’s view of the economy, weakening President Joe Biden’s approval ratings and raising the likelihood of Democratic losses in November. Biden has sought to show he recognizes the pain that inflation is causing American households but has struggled to find policy actions that might make a real difference. The president has stressed his belief that the power to curb inflation rests mainly with the Fed. Yet the Fed’s rate hikes are blunt tools for trying to lower inflation while also sustaining growth. Shortages of oil, gasoline and food are propelling inflation. The Fed isn’t ideally suited to address many of the roots of inflation, which involve Russia’s invasion of Ukraine, still-clogged global supply chains, labor shortages and surging demand for services from airline tickets to restaurant meals. Expectations for larger Fed hikes have sent a range of interest rates to their highest points in years. The yield on the 2-year Treasury note, a benchmark for corporate bonds, has reached 3.3%, its highest level since 2007. The 10-year Treasury yield, which directly affects mortgage rates, has hit 3.4%, up nearly a half-point since last week and the highest level since 2011. Also read | French's Macron calls for 'in-depth discussions' with Ukraine, likely to visit Kyiv,Investments around the world, from bonds to bitcoin, have tumbled in recent months on fears surrounding high inflation and the prospect that the Fed’s aggressive drive to control it will cause a recession. Even if the Fed manages the delicate trick of curbing inflation without causing a recession, higher rates will nevertheless inflict pressure on stock prices. The S\u0026P 500 has already sunk more than 20% this year, meeting the definition of a bear market. Other central banks around the world are also acting swiftly to try to quell surging inflation, even with their nations at greater risk of recession than the U.S. The European Central Bank is expected to raise rates by a quarter-point in July, its first increase in 11 years. It could announce a larger hike in September if record-high levels of inflation persist. On Wednesday, the ECB vowed to create a market backstop that could buffer member countries against financial turmoil of the kind that erupted during a debt crisis more than a decade ago. The Bank of England has raised rates four times since December to a 13-year high, despite predictions that economic growth will be unchanged in the second quarter. The BOE will hold an interest rate meeting on Thursday. Also read | In a first, after Russia's invasion to Ukraine, Japan to attend NATO meet,The 19 European Union countries that use the euro currency endured record inflation of 8.1% last month. The United Kingdom notched a 40-year high of 9% in April. Though debt service costs remain contained for now, rising borrowing costs for indebted governments threatened the eurozone with a breakup in the early part of the last decade. Last week, the World Bank warned of the threat of “stagflation” — slow growth accompanied by high inflation — around the world. A key reason why a recession is now likelier is that economists increasingly believe that for the Fed to slow inflation to its 2% target, it will need to sharply reduce consumer spending, wage gains and economic growth. Ultimately, the unemployment rate will almost certainly have to rise — something the Fed hasn’t yet forecast but could in updated economic projections it will issue Wednesday.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.906","longitude":"-77.0334","name":"Washington, D.C., USA","city":"Washington"},"keywords":"Fed,Treasury,Russia,Ukraine,U.S.,WASHINGTON,The Federal Reserve,Jerome Powell,Congress,Joe Biden,Democratic,American,The European Central Bank,The Bank of England,European Union","originalPublishedOn":"2022-06-15T19:10:00+00:00"}},{"node":{"id":"J16w1w6mTPSm","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-green-in-early-trade-on-wednesday-8","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns green in early trade on Wednesday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-15T14:55:18.276400+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDow Jones Industrial Average was up 331.31 points or 1.09% to 30,696.14\u003c/li\u003e\n \u003cli\u003eGlobal investments have fallen this year due to high inflation\u003c/li\u003e\n \u003cli\u003eTreasury yields have surged to their highest levels in over a decade\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655304917580,\\\"strCount\\\":3602,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/what-caused-massive-power-outages-in-ohio-mid-western-us\\\\\\\"\u003eUS\u003c/a\u003e stocks are surging on \u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street\u003c/a\u003e Wednesday, on track\\\\nfor their first gain in six days, but more turbulence may be ahead when the\\\\nFederal Reserve announces in the afternoon how sharply it’s \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eraising interest\\\\nrates\u003c/a\u003e. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 48.32 points or 1.31% to 3,784 as\\\\ninvestors are ready for the Fed’s rate hike, which most investors expect to be\\\\ntriple the usual amount and the sharpest since 1994. The Dow Jones Industrial\\\\nAverage was up 331.31 points or 1.09% to 30,696.14 as of 10:20 a.m. Eastern\\\\ntime zone. The Nasdaq composite was 184.59 points or 1.67% lower at 11,008.42.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/french-president-emmanuel-macron-calls-for-in-depth-discussions-with-ukraine-likely-to-visit-kyiv\\\\\\\"\u003eFrench President Emmanuel Macron calls for 'in-depth discussions' with Ukraine, likely to visit Kyiv\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Global investments, from bonds to bitcoin, have fallen\\\\nthis year due to \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003ehigh inflation\u003c/a\u003e, as the Federal Reserve and other central banks\\\\nrapidly remove support propped beneath markets early in the pandemic. Investors\\\\nare concerned that too-aggressive hikes in interest rates will force the\\\\neconomy into a recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/elon-musks-republican-vote-goes-to-maya-flores-in-texas-what-it-means\\\\\\\"\u003eElon Musk's Republican vote goes to Maya Flores in Texas: What it means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Treasury yields have surged to their highest levels in\\\\nover a decade on expectations for a more aggressive Fed, though they eased on\\\\nWednesday. A weaker-than-expected report showing that sales at US retailers\\\\nunexpectedly slumped in May from April disappointed investors. So did a\\\\ndisappointing report on manufacturing in New York state.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The economy is still largely holding up amid a red-hot\\\\njob market, but it has shown signs of distress recently. According to a\\\\npreliminary report last week, consumer sentiment sank to its lowest reading on\\\\nrecord due in large part to high gasoline prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/bill-gates-says-cryptocurrency-nft-based-on-greater-fool-theory\\\\\\\"\u003eBill Gates says cryptocurrency, NFT based on \\\\\\\"greater fool theory\\\\\\\"\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the 10-year Treasury slipped to 3.31% from\\\\n3.48% late Tuesday. The two-year Treasury, which more closely follows\\\\nexpectations of Fed action, declined to 3.39% from 3.45%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Cryptocurrency prices continued to plunge, and bitcoin\\\\ndropped as low as $20.087.90, nearly 71% below its record high of $68,990.90\\\\ntouched in November 2021. Its fall has worsened as investors ramp up their\\\\nexpectations for how aggressively the Fed will move on interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/2-el-monte-police-officers-killed-in-shooting-at-motel-suspect-down\\\\\\\"\u003e2 El Monte police officers killed in shooting at motel, suspect 'down'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street is expecting a hike of three-quarters of a\\\\npercentage point. But a report on Friday upset the markets when it showed\\\\nconsumer prices rose unexpectedly last month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It dashed hopes on Wall Street that inflation may already\\\\ntouch its peak, and the data seemingly pinned the Federal Reserve into having\\\\nto get more aggressive. Other central banks around the world are also raising\\\\ninterest rates, adding to the pressure.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"NewYork","slug":"newyork","id":"ZXs8JjMQ5noW"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"World","slug":"world","id":"iEhRQcab92b8"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-15T14:55:16.020721+00:00","publisher":0,"sourceFeed":null,"cleanText":"US stocks are surging on Wall Street Wednesday, on track for their first gain in six days, but more turbulence may be ahead when the Federal Reserve announces in the afternoon how sharply it’s raising interest rates. ,The S\u0026P 500 rose 48.32 points or 1.31% to 3,784 as investors are ready for the Fed’s rate hike, which most investors expect to be triple the usual amount and the sharpest since 1994. The Dow Jones Industrial Average was up 331.31 points or 1.09% to 30,696.14 as of 10:20 a.m. Eastern time zone. The Nasdaq composite was 184.59 points or 1.67% lower at 11,008.42. Also Read | French President Emmanuel Macron calls for 'in-depth discussions' with Ukraine, likely to visit Kyiv,Global investments, from bonds to bitcoin, have fallen this year due to high inflation, as the Federal Reserve and other central banks rapidly remove support propped beneath markets early in the pandemic. Investors are concerned that too-aggressive hikes in interest rates will force the economy into a recession. Also Read | Elon Musk's Republican vote goes to Maya Flores in Texas: What it means,Treasury yields have surged to their highest levels in over a decade on expectations for a more aggressive Fed, though they eased on Wednesday. A weaker-than-expected report showing that sales at US retailers unexpectedly slumped in May from April disappointed investors. So did a disappointing report on manufacturing in New York state. The economy is still largely holding up amid a red-hot job market, but it has shown signs of distress recently. According to a preliminary report last week, consumer sentiment sank to its lowest reading on record due in large part to high gasoline prices. Also Read | Bill Gates says cryptocurrency, NFT based on greater fool theory,The yield on the 10-year Treasury slipped to 3.31% from 3.48% late Tuesday. The two-year Treasury, which more closely follows expectations of Fed action, declined to 3.39% from 3.45%. Cryptocurrency prices continued to plunge, and bitcoin dropped as low as $20.087.90, nearly 71% below its record high of $68,990.90 touched in November 2021. Its fall has worsened as investors ramp up their expectations for how aggressively the Fed will move on interest rates. Also Read | 2 El Monte police officers killed in shooting at motel, suspect 'down',Wall Street is expecting a hike of three-quarters of a percentage point. But a report on Friday upset the markets when it showed consumer prices rose unexpectedly last month. It dashed hopes on Wall Street that inflation may already touch its peak, and the data seemingly pinned the Federal Reserve into having to get more aggressive. Other central banks around the world are also raising interest rates, adding to the pressure.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,the Federal Reserve,US,Treasury,New York,stock market, dow jones, S\u0026P, nasdaq,US early trade, US stock market, Early trade, Stock market,Inflation, Federal Reserve","originalPublishedOn":"2022-06-15T14:55:16.020707+00:00"}},{"node":{"id":"dG61qC5VmQcS","slug":"english/india-inflation-down-by-075-what-it-means-for-consumers","title":"India inflation down by 0.75%: What it means for consumers","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"Higher inflation reduces the value of one's portfolio and certain debt instruments may provide returns that are lower than inflation. (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-15T07:54:36.629540+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation in India fell to 7.04% in May from 7.79% in April\u003c/li\u003e\n \u003cli\u003eInflation has stayed over the RBI's 6% upper tolerance limit\u003c/li\u003e\n \u003cli\u003eThe central bank is expected to hike interest rates in August and October\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655279676897,\\\"strCount\\\":2694,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/retail-inflation-falls-to-704-in-may-from-8-year-high-of-779-in-april\\\\\\\"\u003eRetail inflation in India fell to 7.04%\u003c/a\u003e in May, from an eight-year high of 7.79% in April. Despite a 0.75 percentage point decline in the consumer price index, the indices for 'food and beverages,' 'clothes and footwear,' 'housing,' and 'fuel and light' all increased from April.\u0026nbsp;\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the fifth month in a row, inflation has stayed over the RBI's 6% upper tolerance limit. Furthermore, soaring global crude oil prices, along with rupee depreciation, may exacerbate inflation concerns. The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e forecast last week that inflation would stay at 6.7%, above its mandatory band for the rest of the year.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/everything-thats-high-snoop-dogg-his-blunt-rollers-salary-and-inflation\\\\\\\"\u003eEverything that's high: Snoop Dogg, his blunt roller's salary and inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank is expected to hike interest rates at bi-monthly monetary policy review meetings again in August and October, according to economists. In the previous two months, the RBI has raised interest rates by 0.9 percentage points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003eHow Russia-Ukraine war is behind highest US inflation spike since 1981\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher inflation reduces the value of one's portfolio and certain debt instruments may provide returns that are lower than inflation. The cost of products and services soars, putting a strain on household budgets. Loans will also become more expensive and the equity markets may stay volatile owing to interest rate hikes by the central bank to fight inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For example, after a year, the value of Rs 1 lakh is reduced to Rs 93,423 at an inflation rate of 7.04%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/5-reasons-why-indian-rupee-had-a-great-fall\\\\\\\"\u003e5 reasons why Indian rupee had a great fall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors need to keep inflation in mind while developing a strategy for their portfolios and look for investments that can provide long-term returns that outperform inflation. The key is to have the correct equity and debt allocation based on risk profile and goals. Analysts suggest SIPs to ride out the volatility.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-15T07:54:35.853973+00:00","publisher":0,"sourceFeed":null,"cleanText":"Retail inflation in India fell to 7.04% in May, from an eight-year high of 7.79% in April. Despite a 0.75 percentage point decline in the consumer price index, the indices for 'food and beverages,' 'clothes and footwear,' 'housing,' and 'fuel and light' all increased from April. ,Also Read| Wall Street enters bear market: What does it mean for investors,For the fifth month in a row, inflation has stayed over the RBI's 6% upper tolerance limit. Furthermore, soaring global crude oil prices, along with rupee depreciation, may exacerbate inflation concerns. The RBI forecast last week that inflation would stay at 6.7%, above its mandatory band for the rest of the year. ,Also Read| Everything that's high: Snoop Dogg, his blunt roller's salary and inflation,The central bank is expected to hike interest rates at bi-monthly monetary policy review meetings again in August and October, according to economists. In the previous two months, the RBI has raised interest rates by 0.9 percentage points. Also Read| How Russia-Ukraine war is behind highest US inflation spike since 1981,Higher inflation reduces the value of one's portfolio and certain debt instruments may provide returns that are lower than inflation. The cost of products and services soars, putting a strain on household budgets. Loans will also become more expensive and the equity markets may stay volatile owing to interest rate hikes by the central bank to fight inflation. Also Read| Why US inflation is going up and when will it come down,For example, after a year, the value of Rs 1 lakh is reduced to Rs 93,423 at an inflation rate of 7.04%. Also Read| 5 reasons why Indian rupee had a great fall,Investors need to keep inflation in mind while developing a strategy for their portfolios and look for investments that can provide long-term returns that outperform inflation. The key is to have the correct equity and debt allocation based on risk profile and goals. Analysts suggest SIPs to ride out the volatility.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,India","originalPublishedOn":"2022-06-15T07:54:35.853964+00:00"}},{"node":{"id":"4IVEIPl0NliL","slug":"english/wall-street-enters-bear-market-what-does-it-mean-for-investors","title":"Wall Street enters bear market: What does it mean for investors","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-15T07:27:49.604867+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eWall Street is struggling with the impact of rising interest rates\u003c/li\u003e\n \u003cli\u003eThe S\u0026amp;P 500 is over 22% below its record set early this year\u003c/li\u003e\n \u003cli\u003eHigh inflation is prompting many people to reduce spending\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655278069122,\\\"strCount\\\":6941,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street opened the week with heavy losses that put the benchmark S\u0026amp;P 500 at a level considered to be a so-called bear market. The index lost 4% to close at 3,750, putting it 21% below its peak in January. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street is struggling with the impact of \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003erising interest rates\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003ehigh inflation\u003c/a\u003e and energy costs, the \u003ca href=\\\\\\\"https://opoyi.com/english/heres-how-much-the-war-in-ukraine-is-costing-russia-each-day\\\\\\\"\u003eRussia-Ukraine War\u003c/a\u003e and a slowdown in China’s economy, prompting investors to reconsider the prices they are willing to pay for a wide range of stocks. Bear markets have become fairly common and Monday was no exception. The last bear market happened just two years ago as the pandemic shuttered the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/bill-gates-says-cryptocurrency-nft-based-on-greater-fool-theory\\\\\\\"\u003eBill Gates says cryptocurrency, NFT based on \\\\\\\"greater fool theory\\\\\\\"\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat is a Bear Market?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A bear market is defined by a broad market index falling by 20% or more from a recent high for a sustained period. A bear is used to represent a market slump because bears hibernate, so they represent a market that’s retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street's nickname for a surging stock market is a bull market, because the bulls charge, Stovall added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003eHow Russia-Ukraine war is behind highest US inflation spike since 1981\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500, Wall Street's key barometer of health, slid 0.38% on Tuesday. It's over 22% below its record set early this year and is now in a bear market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/dow\\\\\\\"\u003eDow\u003c/a\u003e industrials sank 0.50% and the tech-heavy Nasdaq composite, which already was in a bear market, tumbled 0.18%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The most recent bear market for the S\u0026amp;P 500 ran from February 19, 2020, through March 23, 2020. The index fell 34% in that one month, the shortest bear market ever.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-caused-massive-power-outages-in-ohio-mid-western-us\\\\\\\"\u003eWhat caused massive power outages in Ohio, mid-western US?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat led to this bear market?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Discretionary spending is gone,” said Daniel McKeever, an assistant professor at the Binghamton University School of Management. US consumers “are dipping into savings, if their savings aren’t gone already and eventually, that’s going to sustain stock market growth,” he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High inflation is prompting many people to reduce spending, which means less money in companies’ pockets. That leads to the stock market’s current woes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/nato-assures-ukraine-of-heavy-weapons-ahead-of-madrid-summit\\\\\\\"\u003eNATO assures Ukraine of heavy weapons ahead of Madrid summit\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Without some kind of meaningful relief from the increase in gas and grocery prices … people simply don’t have money to spend,” he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The consumer price index (CPI) has increased 8.6% in the past year, while the S\u0026amp;P 500 has fallen 11.9% over the same period. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bear markets can be stressful for all types of investors. But they frequently affect active stock traders – people who invest mostly in individual stocks – differently than passive index fund investors.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat does this bear market mean for active and passive investors?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Active investors or individual stock traders, try to beat the market while Passive investors often try to mirror the market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Active investors can be better or worse off during a bear market, depending on their stock picks, said Eric Nelson, a certified financial planner and founder of Independence Wealth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stock picking tends to be riskier and potentially higher rewarding than passive investing. Stock pickers can theoretically beat the market by picking the stocks that outperform their indexes but they also can end up with worse returns than the market by picking a stock that underperforms their indexes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/eurozone-inflation-soars-to-record-81-amid-rising-energy-and-food-costs\\\\\\\"\u003eEurozone inflation soars to record 8.1% amid rising energy and food costs\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Passive index fund investors will probably see less volatility since they won't be exposed to individual stock risk. With an index fund, you're investing in a basket of companies that mirrors a stock market index, so if one company goes out of business during a bear market, there are still others to support your portfolio.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During downturns, financial advisors who manage portfolios actively often promote themselves as superior to passive investors, but research suggests otherwise. Active management is no better than passive management during crisis periods, just as it is no better than passive management over any long-term period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fda-approves-1st-drug-for-treatment-of-hair-loss-disorder-alopecia\\\\\\\"\u003eFDA approves 1st drug for treatment of hair loss disorder alopecia\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the latest Quantitative Analysis of Investor Behaviour, or QAIB, a study from financial services market research firm Dalbar Inc, an average equity investor as opposed to a passive investor in the index, earned over 10% below the S\u0026amp;P 500 in 2021, which is the third-largest underperformance ever recorded in the study’s 36-year history.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/russia-making-billions-amid-war-in-ukraine-europe-its-biggest-customer\\\\\\\"\u003eRussia making billions amid war in Ukraine, Europe its biggest customer\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow should you respond to the bear market?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A majority of financial advisors advise that one should not panic. If you are an investor, not a day trader, you are in it for the long term, and you are aware there will be highs and lows. The average stock market return is 10% per year and sometimes, like in 2022, it’s lower and sometimes it’s higher. If the market is down, it's a good idea to stay invested and resist the urge to sell.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/ipl-media-rights-disney-star-gets-tv-deal-viacom18-bags-digital\\\\\\\"\u003eIPL Media Rights: Disney Star gets TV deal, Viacom18 bags digital\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Generally, investors suggest devoting no more than 10% of a portfolio to individual stocks and keeping the remaining 90% in a diversified mix of low-cost index funds. If you use dollar-cost averaging, you might suffer a temporary loss, but if you have a longer-term horizon, your portfolio has time to recover.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-15T07:27:48.285812+00:00","publisher":0,"sourceFeed":null,"cleanText":"Wall Street opened the week with heavy losses that put the benchmark S\u0026P 500 at a level considered to be a so-called bear market. The index lost 4% to close at 3,750, putting it 21% below its peak in January. ,Wall Street is struggling with the impact of rising interest rates, high inflation and energy costs, the Russia-Ukraine War and a slowdown in China’s economy, prompting investors to reconsider the prices they are willing to pay for a wide range of stocks. Bear markets have become fairly common and Monday was no exception. The last bear market happened just two years ago as the pandemic shuttered the US economy. Also Read | Bill Gates says cryptocurrency, NFT based on greater fool theory,What is a Bear Market?,A bear market is defined by a broad market index falling by 20% or more from a recent high for a sustained period. A bear is used to represent a market slump because bears hibernate, so they represent a market that’s retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street's nickname for a surging stock market is a bull market, because the bulls charge, Stovall added. Also Read | How Russia-Ukraine war is behind highest US inflation spike since 1981,The S\u0026P 500, Wall Street's key barometer of health, slid 0.38% on Tuesday. It's over 22% below its record set early this year and is now in a bear market. The Dow industrials sank 0.50% and the tech-heavy Nasdaq composite, which already was in a bear market, tumbled 0.18%. The most recent bear market for the S\u0026P 500 ran from February 19, 2020, through March 23, 2020. The index fell 34% in that one month, the shortest bear market ever. Also Read | What caused massive power outages in Ohio, mid-western US?,What led to this bear market?,“Discretionary spending is gone,” said Daniel McKeever, an assistant professor at the Binghamton University School of Management. US consumers “are dipping into savings, if their savings aren’t gone already and eventually, that’s going to sustain stock market growth,” he said. High inflation is prompting many people to reduce spending, which means less money in companies’ pockets. That leads to the stock market’s current woes. Also Read | NATO assures Ukraine of heavy weapons ahead of Madrid summit,“Without some kind of meaningful relief from the increase in gas and grocery prices … people simply don’t have money to spend,” he added. The consumer price index (CPI) has increased 8.6% in the past year, while the S\u0026P 500 has fallen 11.9% over the same period. ,Bear markets can be stressful for all types of investors. But they frequently affect active stock traders – people who invest mostly in individual stocks – differently than passive index fund investors. Also Read | Explained: The impact of bond yields on markets and investors,What does this bear market mean for active and passive investors?,Active investors or individual stock traders, try to beat the market while Passive investors often try to mirror the market. Active investors can be better or worse off during a bear market, depending on their stock picks, said Eric Nelson, a certified financial planner and founder of Independence Wealth. Stock picking tends to be riskier and potentially higher rewarding than passive investing. Stock pickers can theoretically beat the market by picking the stocks that outperform their indexes but they also can end up with worse returns than the market by picking a stock that underperforms their indexes. Also Read | Eurozone inflation soars to record 8.1% amid rising energy and food costs,Passive index fund investors will probably see less volatility since they won't be exposed to individual stock risk. With an index fund, you're investing in a basket of companies that mirrors a stock market index, so if one company goes out of business during a bear market, there are still others to support your portfolio. During downturns, financial advisors who manage portfolios actively often promote themselves as superior to passive investors, but research suggests otherwise. Active management is no better than passive management during crisis periods, just as it is no better than passive management over any long-term period. Also Read | FDA approves 1st drug for treatment of hair loss disorder alopecia,According to the latest Quantitative Analysis of Investor Behaviour, or QAIB, a study from financial services market research firm Dalbar Inc, an average equity investor as opposed to a passive investor in the index, earned over 10% below the S\u0026P 500 in 2021, which is the third-largest underperformance ever recorded in the study’s 36-year history. Also Read | Russia making billions amid war in Ukraine, Europe its biggest customer,How should you respond to the bear market?,A majority of financial advisors advise that one should not panic. If you are an investor, not a day trader, you are in it for the long term, and you are aware there will be highs and lows. The average stock market return is 10% per year and sometimes, like in 2022, it’s lower and sometimes it’s higher. If the market is down, it's a good idea to stay invested and resist the urge to sell. Also Read | IPL Media Rights: Disney Star gets TV deal, Viacom18 bags digital,Generally, investors suggest devoting no more than 10% of a portfolio to individual stocks and keeping the remaining 90% in a diversified mix of low-cost index funds. If you use dollar-cost averaging, you might suffer a temporary loss, but if you have a longer-term horizon, your portfolio has time to recover.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"US,Russia,China,Dow,Quantitative Analysis of Investor Behaviour,Dalbar Inc,Bear market, share market, stock market,Wall Street, Wall street bear market, S\u0026P 500, NASDAQ, Dow Jones,US Inflation, US market, US stock market, Stock market","originalPublishedOn":"2022-06-15T07:27:48.285800+00:00"}},{"node":{"id":"36GtgUKfI6lN","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-tuesday-5","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Tuesday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-15T04:54:57.469021+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDow Jones Industrial Average was 70.50 points or 0.23% down at 30,446.24\u003c/li\u003e\n \u003cli\u003eTreasury yields were easing back from their highest levels\u003c/li\u003e\n \u003cli\u003eConsumer prices in the US are at the highest level in four decades and rose 8.6% in May\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655222322946,\\\"strCount\\\":4427,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street is swinging between gains and losses on\\\\nTuesday in its trading after falling into a bear market amid worries about a\\\\nfragile economy and \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003erising interest rates\u003c/a\u003e. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was 5.62 points or 0.15% down at 3,744.01\\\\nin early trading. The Dow Jones Industrial Average was 70.50 points or 0.23%\\\\ndown at 30,446.24 as of 10:20 a.m. Eastern time zone. The Nasdaq Composite was\\\\n16.71 points or 0.15% down at 10,792.51 after swinging between a gain of 0.9%\\\\nand a loss of 0.3%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-marjorie-taylor-greene-thinks-is-the-reason-for-tampon-shortage\\\\\\\"\u003eWhat Marjorie Taylor Greene thinks is the reason for tampon shortage\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets were much calmer, if still tentative, following\\\\nMonday’s worldwide sell-off. Treasury yields were easing back from their\\\\nhighest levels in more than a decade. Asian and European markets were also\\\\nmixed, while a measure of nervousness among stock investors on Wall Street was\\\\nedging lower.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fda-approves-1st-drug-for-treatment-of-hair-loss-disorder-alopecia\\\\\\\"\u003eFDA approves 1st drug for treatment of hair loss disorder alopecia\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The only notable exception was bitcoin, which fell\\\\nanother 6.5% to drop below $22,100, according to CoinDesk. \u003ca href=\\\\\\\"https://opoyi.com/topic/cryptocurrency\\\\\\\"\u003eCryptocurrencies\u003c/a\u003e\\\\nhave been among the worst hits in this year’s sell-off for markets, as the\\\\nFederal Reserve and other central banks raise interest rates to rein in\\\\n\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003einflation\u003c/a\u003e and forcefully turn off the “easy mode” that helped prop up markets\\\\nfor years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-aocs-indecision-on-endorsing-biden-for-second-presidential-term-is-a-big-deal\\\\\\\"\u003eWhy AOC's indecision on endorsing Biden for second presidential term is a big deal\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An inflation report offered some support to the market as\\\\nit showed that the wholesale inflation was slightly lower in May than expected,\\\\nthough it remains very high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to economists, the data won’t keep the Federal\\\\nReserve from hiking its key interest rate this week by a larger-than-usual\\\\namount. But the figures offer relief following last week’s market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003eHow Russia-Ukraine war is behind highest US inflation spike since 1981\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists said the data won't keep the Federal Reserve\\\\nfrom hiking its key interest rate this week by a larger-than-usual amount, with\\\\nsome even speculating the largest increase since 1994 that's triple the usual\\\\namount. But the figures offer a bit of salve following last week's\\\\nmarket-bludgeoning report that showed inflation at the consumer level surged in\\\\nMay, instead of getting better.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/no-guts-no-glory-donald-trump-slams-bill-barr-for-jan-6-hearing-testimony\\\\\\\"\u003eNo guts, no glory: Donald Trump slams Bill Barr for Jan 6 hearing testimony\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the two-year Treasury slipped below the\\\\n10-year yield, at 3.32% against 3.35%. The two-year yield is usually lower than\\\\nthe 10-year yield, and in the unusual circumstances where it isn't, some\\\\ninvestors see it as a sign of looming recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher interest rate benchmarks increase returns on less\\\\nspeculative investments such as bonds, increasing their attractiveness relative\\\\nto stocks. And the moves by design will slow the economy by making it more\\\\nexpensive to borrow.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/eurozone-inflation-soars-to-record-81-amid-rising-energy-and-food-costs\\\\\\\"\u003eEurozone inflation soars to record 8.1% amid rising energy and food costs\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets are concerned that central banks could cause a\\\\nrecession if they raise rates too high or too quickly. Last month, the Fed\\\\nindicated additional rate increases of double the usual amount are likely in\\\\nthe coming months. Consumer prices in the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e are at the highest level in four\\\\ndecades and rose 8.6% in May compared with a year-ago period.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o"},{"name":"World","slug":"world","id":"iEhRQcab92b8"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-14T15:58:42.999594+00:00","publisher":0,"sourceFeed":null,"cleanText":"Wall Street is swinging between gains and losses on Tuesday in its trading after falling into a bear market amid worries about a fragile economy and rising interest rates. ,The S\u0026P 500 was 5.62 points or 0.15% down at 3,744.01 in early trading. The Dow Jones Industrial Average was 70.50 points or 0.23% down at 30,446.24 as of 10:20 a.m. Eastern time zone. The Nasdaq Composite was 16.71 points or 0.15% down at 10,792.51 after swinging between a gain of 0.9% and a loss of 0.3%. Also Read | What Marjorie Taylor Greene thinks is the reason for tampon shortage,Markets were much calmer, if still tentative, following Monday’s worldwide sell-off. Treasury yields were easing back from their highest levels in more than a decade. Asian and European markets were also mixed, while a measure of nervousness among stock investors on Wall Street was edging lower. Also Read | FDA approves 1st drug for treatment of hair loss disorder alopecia,The only notable exception was bitcoin, which fell another 6.5% to drop below $22,100, according to CoinDesk. Cryptocurrencies have been among the worst hits in this year’s sell-off for markets, as the Federal Reserve and other central banks raise interest rates to rein in inflation and forcefully turn off the “easy mode” that helped prop up markets for years. Also Read | Why AOC's indecision on endorsing Biden for second presidential term is a big deal,An inflation report offered some support to the market as it showed that the wholesale inflation was slightly lower in May than expected, though it remains very high. According to economists, the data won’t keep the Federal Reserve from hiking its key interest rate this week by a larger-than-usual amount. But the figures offer relief following last week’s market. Also Read | How Russia-Ukraine war is behind highest US inflation spike since 1981,Economists said the data won't keep the Federal Reserve from hiking its key interest rate this week by a larger-than-usual amount, with some even speculating the largest increase since 1994 that's triple the usual amount. But the figures offer a bit of salve following last week's market-bludgeoning report that showed inflation at the consumer level surged in May, instead of getting better. Also Read | No guts, no glory: Donald Trump slams Bill Barr for Jan 6 hearing testimony,The yield on the two-year Treasury slipped below the 10-year yield, at 3.32% against 3.35%. The two-year yield is usually lower than the 10-year yield, and in the unusual circumstances where it isn't, some investors see it as a sign of looming recession. Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,Higher interest rate benchmarks increase returns on less speculative investments such as bonds, increasing their attractiveness relative to stocks. And the moves by design will slow the economy by making it more expensive to borrow. Also Read | Eurozone inflation soars to record 8.1% amid rising energy and food costs,Markets are concerned that central banks could cause a recession if they raise rates too high or too quickly. Last month, the Fed indicated additional rate increases of double the usual amount are likely in the coming months. Consumer prices in the US are at the highest level in four decades and rose 8.6% in May compared with a year-ago period.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the Federal Reserve,Treasury,European,Fed,US,Inflation, Stock market, share market,early trade, US early trade, Dow Jones, NASDAQ, S\u0026P, Bear market","originalPublishedOn":"2022-06-14T15:58:42.999582+00:00"}},{"node":{"id":"eZ66sl5f5sgR","slug":"english/crypto-news-daily-bitcoin-data-and-price-analysis-for-june-14-2022","title":"Crypto news daily: Bitcoin data and price analysis for June 14, 2022","postType":1,"coverMedia":"/opoyi__4r2TOHef.jpg","coverCaption":"Bitcoin has tumbled nearly 70% from its November 10 all-time high of $69,000 (Photo credits: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-14T08:54:32.143465+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBitcoin is currently trading at $22,769.80, down by 8.14%\u003c/li\u003e\n \u003cli\u003eBitcoin fear and greed index on June 14, went to the extreme fear level of 8\u003c/li\u003e\n \u003cli\u003eAmid crypto collapse, Binance pauses bitcoin withdrawals citing ‘stuck transaction’\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655196870696,\\\"strCount\\\":4291,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/who-designed-bitcoin-logo\\\\\\\"\u003eBitcoin\u003c/a\u003e prices plunged over 10% and traded below the\\\\n23,000 mark on Tuesday as a part of broader declines in cryptocurrencies after\\\\na sharp rise in \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eUS\u003c/a\u003e inflation triggered risk-off sentiment. The digital token is\\\\ndown over 50% so far this year, and trading over 70% below its record high of\\\\n$69,000 it had hit in November 2021. It plunged to the lowest in around 18\\\\nmonths after the freezing of withdrawals by the Celsius lending platform added\\\\nto concern that systemic risk in the crypto ecosystem will accelerate the\\\\ndigital-asset market meltdown.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003eHow Russia-Ukraine war is behind highest US inflation spike since 1981\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The global cryptocurrency market cap was at $966.70\\\\nbillion, down 4.15% in the last 24 hours. However, the total cryptocurrency 24\\\\nhours trading volume is $160.14 billion. Traders are anticipating a more\\\\naggressive pace of interest rate hikes from the \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-federal-reserves-policy-stance-may-be-working\\\\\\\"\u003eUS Federal Reserve\u003c/a\u003e after data\\\\nshowed US inflation jumped to a fresh 40-year high in May, reported Bloomberg,\\\\nwhich triggered a selloff in risk assets including crypto and stocks.\\\\nCryptocurrency prices have been in a slump this year as the Federal Reserve\\\\nwithdraws stimulus and hikes rates to combat inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/top-5-cryptocurrencies-of-the-day-btc-down-by-11-gala-trends-at-no-1\\\\\\\"\u003eTop 5 cryptocurrencies of the day: BTC down by 11%, GALA trends at no. 1\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin fear and greed index on Tuesday, June 14, 2022,\\\\nwent from the extreme fear level of 11 to the level of 8 as per the\\\\nalternative. me. The Fear and Greed index is a technique for assessing\\\\ninvestors' emotions toward the market.\u0026nbsp;\u0026nbsp; \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin is currently trading at $22,769.80, down by\\\\n8.14%. In the last 24 hours, the highest it touched was $24,833.71 and the\\\\nlowest was $20,950.82. Bitcoin has a current market cap of $434,046,187,780. It\\\\nhas a circulating supply of 19,066,993.00. BTC coins have a maximum supply of\\\\n21,000,000 coins.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAmid\\\\ncrypto collapse, Binance pauses bitcoin withdrawals citing ‘stuck transaction’\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the crypto meltdown continues, leading exchange\\\\nBinance said it was suspending the withdrawals of bitcoin, the most widely traded\\\\ncryptocurrency, due to a “struck transaction” that has led to a backlog.\\\\nBinance founder and CEO Changpeng Zhao, in the initial tweet, said the issue\\\\nwould be resolved within 30 minutes. However, he later clarified that the\\\\nwithdrawals will remain paused for a “bit longer” period. \\\\\\\"Likely this is\\\\ngoing to take a bit longer to fix than my initial estimate,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/cryptocurrency-scams-cost-americans-over-1-billion-in-2021-ftc-finds\\\\\\\"\u003eCryptocurrency scams cost Americans over $1 billion in 2021, FTC finds\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"This is only impacting the Bitcoin network. You can\\\\nstill withdraw Bitcoin on other networks like BEP-20,\\\\\\\" Zhao added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eTron’s\\\\nstablecoin lost its dollar peg, Justin Sun swears to deploy $2 billion to prop\\\\nup\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Tron network’s stablecoin, USDD, lost its peg to the\\\\nUS dollar on Monday, dipping to as low as 91 cents, as crypto markets dipped as\\\\ninvestors grew increasingly concerned about consistently high inflation,\\\\ntightening financial conditions and a potential recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/all-you-need-to-know-about-terra-luna-20-airdrop-pre-and-post-attack-explained\\\\\\\"\u003eAll you need to know about Terra Luna 2.0 airdrop\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Monday, Tron founder Justin Sun tweeted that the\\\\nfunding rate on the Binance exchange for betting against or “shorting,” the\\\\nTron blockchain’s native TRX token stood at negative 500%, a whopping rate that\\\\nsuggests many investors are clamouring to get into that trade. According to\\\\nSun, TronDAO, “will deploy $2 billion to fight them”.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh"},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-14T08:54:30.840432+00:00","publisher":0,"sourceFeed":null,"cleanText":"Bitcoin prices plunged over 10% and traded below the 23,000 mark on Tuesday as a part of broader declines in cryptocurrencies after a sharp rise in US inflation triggered risk-off sentiment. The digital token is down over 50% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021. It plunged to the lowest in around 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. Also Read | How Russia-Ukraine war is behind highest US inflation spike since 1981,The global cryptocurrency market cap was at $966.70 billion, down 4.15% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $160.14 billion. Traders are anticipating a more aggressive pace of interest rate hikes from the US Federal Reserve after data showed US inflation jumped to a fresh 40-year high in May, reported Bloomberg, which triggered a selloff in risk assets including crypto and stocks. Cryptocurrency prices have been in a slump this year as the Federal Reserve withdraws stimulus and hikes rates to combat inflation. Also Read | Top 5 cryptocurrencies of the day: BTC down by 11%, GALA trends at no. 1,Bitcoin fear and greed index on Tuesday, June 14, 2022, went from the extreme fear level of 11 to the level of 8 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market. ,Bitcoin is currently trading at $22,769.80, down by 8.14%. In the last 24 hours, the highest it touched was $24,833.71 and the lowest was $20,950.82. Bitcoin has a current market cap of $434,046,187,780. It has a circulating supply of 19,066,993.00. BTC coins have a maximum supply of 21,000,000 coins. Also Read | Explained: The impact of bond yields on markets and investors,Amid crypto collapse, Binance pauses bitcoin withdrawals citing ‘stuck transaction’,As the crypto meltdown continues, leading exchange Binance said it was suspending the withdrawals of bitcoin, the most widely traded cryptocurrency, due to a “struck transaction” that has led to a backlog. Binance founder and CEO Changpeng Zhao, in the initial tweet, said the issue would be resolved within 30 minutes. However, he later clarified that the withdrawals will remain paused for a “bit longer” period. Likely this is going to take a bit longer to fix than my initial estimate, he said. Also Read | Cryptocurrency scams cost Americans over $1 billion in 2021, FTC finds,This is only impacting the Bitcoin network. You can still withdraw Bitcoin on other networks like BEP-20, Zhao added. Tron’s stablecoin lost its dollar peg, Justin Sun swears to deploy $2 billion to prop up,The Tron network’s stablecoin, USDD, lost its peg to the US dollar on Monday, dipping to as low as 91 cents, as crypto markets dipped as investors grew increasingly concerned about consistently high inflation, tightening financial conditions and a potential recession. Also Read | All you need to know about Terra Luna 2.0 airdrop,On Monday, Tron founder Justin Sun tweeted that the funding rate on the Binance exchange for betting against or “shorting,” the Tron blockchain’s native TRX token stood at negative 500%, a whopping rate that suggests many investors are clamouring to get into that trade. According to Sun, TronDAO, “will deploy $2 billion to fight them”.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bitcoin,US,Justin Sun,Celsius,the US Federal Reserve,the Federal Reserve,BTC,Binance,Changpend Zhao,Tron,Crypto news, Crypto market, share market, Bitcoin price analysis, Crypto data analysis,Stablecoin","originalPublishedOn":"2022-06-14T08:54:30.840425+00:00"}},{"node":{"id":"GFOd6gG5Tc8B","slug":"english/retail-inflation-falls-to-704-in-may-from-8-year-high-of-779-in-april","title":"Retail inflation falls to 7.04% in May from 8-year high of 7.79% in April","postType":1,"coverMedia":"/opoyi_Tv4VI9tFB.jpg","coverCaption":"Vegetable prices accelerated 18.26 per cent as against 15.41 per cent in April (Photo Credit: Representational Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-13T15:09:38.559631+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRetail inflation eased to 7.04 per cent in May\u003c/li\u003e\n \u003cli\u003eIt stayed above the Reserve Bank's upper tolerance level of 6 per cent\u003c/li\u003e\n \u003cli\u003eInflation in the food basket in May 2022 was at 7.97 per cent\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655132978171,\\\"strCount\\\":3716,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" New Delhi, Jun 13 (PTI) Retail inflation eased to 7.04 per cent in May, mainly on account of softening food and fuel prices as the government as well as the \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e stepped in to control spiralling price rise by way of duty cuts and repo rate hike.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" However, the inflation print stayed above the Reserve Bank's upper tolerance level of 6 per cent for the fifth month in a row.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The Consumer Price Index (CPI) based retail inflation was 7.79 per cent in April. In the year-ago month of May 2021, retail inflation stood at 6.3 per cent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbl-bank-shares-hit-record-low-after-appointment-of-new-ceo\\\\\\\"\u003eRBL Bank shares hit record low after appointment of new CEO\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" Inflation in the food basket in May 2022 was at 7.97 per cent, down from 8.31 per cent in the previous month, as per data released by the National Statistical Office (NSO) on Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The food basket has weightage of 39.06 per cent in the overall Consumer Price Index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" As per the data, the inflation print in 'cereals and products' segment eased to 5.33 per cent in May as against 5.96 per cent in the preceding month, while that for 'oil and fats' softened to 13.26 per cent from 17.28 per cent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003eHow Russia-Ukraine war is behind highest US inflation spike since 1981\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The rate of price rise for fruits slowed to 2.33 per cent from 4.99 per cent. However, vegetable prices accelerated 18.26 per cent as against 15.41 per cent in April.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" Among others, the prices of eggs and 'pulses and products' showed deceleration, with negative inflation prints of (-)4.64 per cent and (-)0.42 per cent, respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" In the 'fuel and light' category, inflation during the month softened a tad at 9.54 per cent from 10.80 per cent in April.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The Reserve Bank, which factors in the CPI in its monetary policy, had earlier this month raised the inflation forecast for the current financial year to 6.7 per cent from its previous estimate of 5.7 per cent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" As per the RBI's projections, inflation in the first quarter of the fiscal is likely to be 7.5 per cent and at 7.4 per cent in the following three months. It is expected to decline to to 6.2 per cent and 5.8 per cent in the third and fourth quarters, respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The government has tasked the RBI to ensure inflation remains at 4 per cent with margin of 2 per cent on either side.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/5-reasons-why-indian-rupee-had-a-great-fall\\\\\\\"\u003e5 reasons why Indian rupee had a great fall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" In an off-cycle meeting on May 4, the Reserve Bank had hiked the key repo rate -- at which it lends short term money to banks -- by 0.40 per cent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" Later, the government intervened by cutting excise duties on diesel and petrol. Diesel is the main transport fuel in \u003ca href=\\\\\\\"https://opoyi.com/topic/india\\\\\\\"\u003eIndia\u003c/a\u003e which directly impacts the transportation cost of almost all commodities across the country.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The government also eased import duties on edible oils such as soyabean and sunflower in May to ease the burden on consumers due to costlier food items. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT"},{"name":"NewDelhi","slug":"newdelhi","id":"ZbQipZWThohh"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"PTI","id":"rgkwRLMU8bE","username":"presstrustofindia"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-13T15:09:36.961823+00:00","publisher":0,"sourceFeed":"1306202213DEL60","cleanText":"New Delhi, Jun 13 (PTI) Retail inflation eased to 7.04 per cent in May, mainly on account of softening food and fuel prices as the government as well as the RBI stepped in to control spiralling price rise by way of duty cuts and repo rate hike. However, the inflation print stayed above the Reserve Bank's upper tolerance level of 6 per cent for the fifth month in a row. The Consumer Price Index (CPI) based retail inflation was 7.79 per cent in April. In the year-ago month of May 2021, retail inflation stood at 6.3 per cent. Also Read | RBL Bank shares hit record low after appointment of new CEO, Inflation in the food basket in May 2022 was at 7.97 per cent, down from 8.31 per cent in the previous month, as per data released by the National Statistical Office (NSO) on Monday. The food basket has weightage of 39.06 per cent in the overall Consumer Price Index. As per the data, the inflation print in 'cereals and products' segment eased to 5.33 per cent in May as against 5.96 per cent in the preceding month, while that for 'oil and fats' softened to 13.26 per cent from 17.28 per cent. Also Read | How Russia-Ukraine war is behind highest US inflation spike since 1981, The rate of price rise for fruits slowed to 2.33 per cent from 4.99 per cent. However, vegetable prices accelerated 18.26 per cent as against 15.41 per cent in April. Among others, the prices of eggs and 'pulses and products' showed deceleration, with negative inflation prints of (-)4.64 per cent and (-)0.42 per cent, respectively. Also Read | Why US inflation is going up and when will it come down, In the 'fuel and light' category, inflation during the month softened a tad at 9.54 per cent from 10.80 per cent in April. The Reserve Bank, which factors in the CPI in its monetary policy, had earlier this month raised the inflation forecast for the current financial year to 6.7 per cent from its previous estimate of 5.7 per cent. Also Read | Explained: The impact of bond yields on markets and investors, As per the RBI's projections, inflation in the first quarter of the fiscal is likely to be 7.5 per cent and at 7.4 per cent in the following three months. It is expected to decline to to 6.2 per cent and 5.8 per cent in the third and fourth quarters, respectively. The government has tasked the RBI to ensure inflation remains at 4 per cent with margin of 2 per cent on either side. Also Read | 5 reasons why Indian rupee had a great fall, In an off-cycle meeting on May 4, the Reserve Bank had hiked the key repo rate -- at which it lends short term money to banks -- by 0.40 per cent. Later, the government intervened by cutting excise duties on diesel and petrol. Diesel is the main transport fuel in India which directly impacts the transportation cost of almost all commodities across the country. Also Read | How inflation affects RBI’s interest rate policy, The government also eased import duties on edible oils such as soyabean and sunflower in May to ease the burden on consumers due to costlier food items.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,New Delhi,the Reserve Bank's,the National Statistical Office,NSO,The Reserve Bank,the Reserve Bank,India,Inflation, Retail inflation May, India inflation May 2022,Inflation may 2022,inflation data","originalPublishedOn":"2022-06-13T15:09:36.961809+00:00"}},{"node":{"id":"DSGSHVXYc2Qr","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turn-red-in-early-trade-on-monday","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turn red in early trade on Monday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-13T14:47:01.292548+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eS\u0026amp;P 500 was 115.18 points or 2.94% down at 3,785.25\u003c/li\u003e\n \u003cli\u003eMarket is expecting the Fed to raise key interest rate by three-quarters of a percentage point\u003c/li\u003e\n \u003cli\u003eThe 10-year yield rose to 3.27% from 3.15%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655131620889,\\\"strCount\\\":3681,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks continued their losing spree on Monday, sending\\\\nthe S\u0026amp;P 500 down more than 20% from its record high, amid concerns that a\\\\nrecession is more likely given how unshakeable \u003ca href=\\\\\\\"https://opoyi.com/english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981\\\\\\\"\u003einflation\u003c/a\u003e has become. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\\\\nS\u0026amp;P 500 was 115.18 points or 2.94% down at 3,785.25 in the morning trading\\\\nafter investors had the weekend to reflect on a stunning report that showed\\\\ninflation is getting worse, not better as some had hoped. The Dow Jones\\\\nIndustrial Average was down 736.37 points or 2.35% down to 30,656.42 as of\\\\n10:15 a.m. Eastern time zone.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street continued to watch the \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-federal-reserves-policy-stance-may-be-working\\\\\\\"\u003eFederal Reserve\u003c/a\u003e, which\\\\nis scrambling to get inflation under control. Its main way to do that is to\\\\nhike \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003einterest rates\u003c/a\u003e to slow the overall economy, a blunt tool that carries the\\\\nrisk of causing a recession if used too aggressively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/justin-bieber-is-showing-early-signs-of-recovery-says-surgeon\\\\\\\"\u003eJustin Bieber is showing early signs of recovery, says surgeon\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market is expecting the Fed to raise its key\\\\nshort-term interest rate by three-quarters of a percentage point, later this\\\\nweek. That’s three times the usual amount and something the Fed hasn’t done\\\\nsince 1994. According to CME Group, traders now see a 42% probability of such a\\\\nmega-hike, up from just 3% a week ago.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-was-donald-trumps-7-point-plan-to-overturn-2020-us-presidential-elections\\\\\\\"\u003eWhat was Trump’s 7-point plan to overturn 2020 elections\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market is bracing for a continued series of\\\\nbigger-than-usual hikes. Additionally, high gasoline prices contributed to a\\\\nrecord-low preliminary reading on consumer sentiment, along with other\\\\ndiscouraging signals about the economy and corporate profits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Such anticipations are also sending \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e bond yields to\\\\ntheir highest levels in years. The two-year Treasury yield shot to 3.20% from\\\\n3.06% late Friday, its second straight hike. It’s more than quadrupled this\\\\nyear and touched its highest level since 2008.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/january-6-hearings-donald-trumps-ex-campaign-manager-bill-stepien-to-testify\\\\\\\"\u003eJanuary 6 hearings: Trump's ex-campaign manager Bill Stepien to testify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 10-year yield rose to 3.27% from 3.15%, and the\\\\nhigher level will make mortgages, home loans and other loans for businesses\\\\nmore expensive.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The gap between the two-year and 10-year yields is also\\\\ndecreasing, a signal of increased pessimism in the bond market. If the two-year\\\\nyield is higher than the 10-year yield, some investors see it as a sign of a\\\\nlooming recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/turkey-has-legitimate-concerns-over-terrorism-natos-jens-stoltenberg\\\\\\\"\u003eTurkey has 'legitimate concerns' over terrorism: NATO's Jens Stoltenberg\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some of the biggest hits came from cryptocurrencies,\\\\nwhich surged early in the pandemic when record-low interest rates encouraged\\\\ninvestors to bid up the riskiest investments. \u003ca href=\\\\\\\"https://opoyi.com/topic/bitcoin\\\\\\\"\u003eBitcoin\u003c/a\u003e plunged over 14% and fell\\\\nbelow $23,400, according to Coindesk. It's back to where it was in late 2020\\\\nand down from a peak of $68,990 in November last year.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-13T14:47:00.072745+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks continued their losing spree on Monday, sending the S\u0026P 500 down more than 20% from its record high, amid concerns that a recession is more likely given how unshakeable inflation has become. ,The S\u0026P 500 was 115.18 points or 2.94% down at 3,785.25 in the morning trading after investors had the weekend to reflect on a stunning report that showed inflation is getting worse, not better as some had hoped. The Dow Jones Industrial Average was down 736.37 points or 2.35% down to 30,656.42 as of 10:15 a.m. Eastern time zone. Also Read | Why US inflation is going up and when will it come down,Wall Street continued to watch the Federal Reserve, which is scrambling to get inflation under control. Its main way to do that is to hike interest rates to slow the overall economy, a blunt tool that carries the risk of causing a recession if used too aggressively. Also Read | Justin Bieber is showing early signs of recovery, says surgeon,The market is expecting the Fed to raise its key short-term interest rate by three-quarters of a percentage point, later this week. That’s three times the usual amount and something the Fed hasn’t done since 1994. According to CME Group, traders now see a 42% probability of such a mega-hike, up from just 3% a week ago. Also Read | What was Trump’s 7-point plan to overturn 2020 elections,The market is bracing for a continued series of bigger-than-usual hikes. Additionally, high gasoline prices contributed to a record-low preliminary reading on consumer sentiment, along with other discouraging signals about the economy and corporate profits. Such anticipations are also sending US bond yields to their highest levels in years. The two-year Treasury yield shot to 3.20% from 3.06% late Friday, its second straight hike. It’s more than quadrupled this year and touched its highest level since 2008. Also Read | January 6 hearings: Trump's ex-campaign manager Bill Stepien to testify,The 10-year yield rose to 3.27% from 3.15%, and the higher level will make mortgages, home loans and other loans for businesses more expensive. The gap between the two-year and 10-year yields is also decreasing, a signal of increased pessimism in the bond market. If the two-year yield is higher than the 10-year yield, some investors see it as a sign of a looming recession. Also Read | Turkey has 'legitimate concerns' over terrorism: NATO's Jens Stoltenberg,Some of the biggest hits came from cryptocurrencies, which surged early in the pandemic when record-low interest rates encouraged investors to bid up the riskiest investments. Bitcoin plunged over 14% and fell below $23,400, according to Coindesk. It's back to where it was in late 2020 and down from a peak of $68,990 in November last year.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,the Federal Reserve,CME Group,US,Treasury,Bitcoin,NASDAQ, S\u0026P 500, Dow Jones, US early trade, US Stock market, United states,Inflation,Stock market, Federal reserve, Dow jones","originalPublishedOn":"2022-06-13T14:47:00.072739+00:00"}},{"node":{"id":"H5yTwCnPL0Uz","slug":"english/everything-thats-high-snoop-dogg-his-blunt-rollers-salary-and-inflation","title":"Everything that's high: Snoop Dogg, his blunt roller's salary and inflation","postType":1,"coverMedia":"/opoyi_g1Zm_Edef.jpg","coverCaption":"American rapper Snoop Dogg is often seen consuming cannabis. (Photo Credit: Instagram/@snoopdogg)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-13T04:50:00.538962+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSnoop Dogg's blunt roller's salary is more tha $50,000 a year\u003c/li\u003e\n \u003cli\u003eSnoop Dogg said he was fond of his roller's \"impeccable timing\"\u003c/li\u003e\n \u003cli\u003eInflation in the US has not impacted the cannabis industry\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1655095035313,\\\"strCount\\\":2591,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/started-from-the-chronic-now-we-up-here-snoop-dogg-acquires-death-row\\\\\\\"\u003eAmerican rapper Snoop Dogg\u003c/a\u003e is as concerned about inflation as is everyone in the United States -- so much so that he gave his professional blunt roller a raise. Likely to be one of the most overworked individuals on Snoop Dogg's crew, the blunt roller was already high-up on the payroll list.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"UberFacts posted a tweet earlier this month that said Snoop Dogg's professional blunt roller \\\\\\\"makes between $40,000 and $50,000 a year\\\\\\\". The rapper, known to be a daily consumer of cannabis, responded, \\\\\\\"Inflation. Their salary went up!!.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/marijuanas-recreational-use-gets-us-states-high-on-cash\\\\\\\"\u003eMarijuana's recreational use gets US states high on cash\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/snoopdogg\\\\\\\"\u003eSnoop Dogg\u003c/a\u003e has previously admitted that he loves to use cannabis but he is not a fan of doing the hard work of rolling his own blunts. He also shares a special connection with his blunt roller, who gets him an hourly dose without being told.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Snoop Dogg said he was fond of his roller's \\\\\\\"impeccable timing\\\\\\\" while making an appearance at the Howard Stern Show in 2019 along with \u003ca href=\\\\\\\"https://opoyi.com/i-despise-abuse-seth-rogen-says-he-wont-work-with-james-franco-in-near-future\\\\\\\"\u003ecelebrity podcaster Seth Rogen\u003c/a\u003e, CNN reported.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"That's his J-O-B, his occupation\\\\\\\", Snoop Dogg said on the show. \\\\\\\"On his resume it says, 'what do you do?' 'I'm a blunt roller.' P-B-R, professional blunt roller\\\\\\\", he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Snoop Dogg revealed in a social media post last year that he takes roughly 21 smoke breaks in a day -- keeping his PBR occupied through the day.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/its-420-everywhere-worlds-joint-celebration-of-marijuana-explained\\\\\\\"\u003eIts 4/20 everywhere: World's joint celebration of marijuana, explained\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation has climbed in the United States at a historic rate -- 8.6% in the last month. But this is not bad news for Snoop Dogg and blunt roller's \u003ca href=\\\\\\\"https://opoyi.com/english/its-420-everywhere-worlds-joint-celebration-of-marijuana-explained\\\\\\\"\u003elove for marijuana\u003c/a\u003e. \u003ca href=\\\\\\\"https://opoyi.com/english/marijuanas-recreational-use-gets-us-states-high-on-cash\\\\\\\"\u003eThe cannabis industry\u003c/a\u003e in the United States has largely remained stable.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In February, the cost of cannabis was not increasing as much as other items -- and in some cases, a bag of edibles or an eighth of an ounce of marijuana might even be cheaper than it was last year, according to CNN reports.\\\"}}]}","relatedPosts":null,"location":{"name":"Los Angeles, CA, USA"},"createdBy":{"name":"Aman Butani","photo":"","username":"amanbutani1975","id":"wo3kJpOpSZW2","role":null},"topics":[{"name":"SnoopDogg","slug":"snoopdogg","id":"TUMxbULRiLvS"},{"name":"Cannabis","slug":"cannabis","id":"fBcOAHxBMXBt"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"sethrogen","slug":"sethrogen","id":"a6y8g5yUAlT5"},{"name":"Ganja","slug":"ganja","id":"OhPciWK36tXG"},{"name":"marijuana","slug":"marijuana","id":"ETBAv8IcbWbu"},{"name":"Hollywood","slug":"hollywood","id":"USHEbLCv0R2i"},{"name":"Entertainment","slug":"entertainment","id":"BusA1tEI5BbZ"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Aman Butani","id":"wo3kJpOpSZW2","username":"amanbutani1975"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-13T04:50:00.538966+00:00","publisher":0,"sourceFeed":null,"cleanText":"American rapper Snoop Dogg is as concerned about inflation as is everyone in the United States -- so much so that he gave his professional blunt roller a raise. Likely to be one of the most overworked individuals on Snoop Dogg's crew, the blunt roller was already high-up on the payroll list. UberFacts posted a tweet earlier this month that said Snoop Dogg's professional blunt roller makes between $40,000 and $50,000 a year. The rapper, known to be a daily consumer of cannabis, responded, Inflation. Their salary went up!!. Also Read: Marijuana's recreational use gets US states high on cash,Snoop Dogg has previously admitted that he loves to use cannabis but he is not a fan of doing the hard work of rolling his own blunts. He also shares a special connection with his blunt roller, who gets him an hourly dose without being told. Snoop Dogg said he was fond of his roller's impeccable timing while making an appearance at the Howard Stern Show in 2019 along with celebrity podcaster Seth Rogen, CNN reported. That's his J-O-B, his occupation, Snoop Dogg said on the show. On his resume it says, 'what do you do?' 'I'm a blunt roller.' P-B-R, professional blunt roller, he added. Snoop Dogg revealed in a social media post last year that he takes roughly 21 smoke breaks in a day -- keeping his PBR occupied through the day. ,Also Read: Its 4/20 everywhere: World's joint celebration of marijuana, explained,Inflation has climbed in the United States at a historic rate -- 8.6% in the last month. But this is not bad news for Snoop Dogg and blunt roller's love for marijuana. The cannabis industry in the United States has largely remained stable. In February, the cost of cannabis was not increasing as much as other items -- and in some cases, a bag of edibles or an eighth of an ounce of marijuana might even be cheaper than it was last year, according to CNN reports.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"34.0522","longitude":"-118.2437","name":"Los Angeles, CA, USA","city":"Los Angeles"},"keywords":"Snoop Dog inflation, snoop dog blunt roller, Snoop dogg PBR salary, inflation snoop dogg pbr","originalPublishedOn":"2022-06-13T04:50:00+00:00"}},{"node":{"id":"MUbrbVbA978w","slug":"english/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981","title":"How Russia-Ukraine war is behind highest US inflation spike since 1981","postType":1,"coverMedia":"/opoyi_EOdIswV4z.jpg","coverCaption":"US President Joe Biden speaks from the White House. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-10T20:00:00.586025+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eUS President Joe Biden has made fighting inflation his top economic priority\u0026nbsp;\u003c/li\u003e\n \u003cli\u003eUS has seen 8.6% spike in inflation rates, the highest since 1981\u003c/li\u003e\n \u003cli\u003eRussia's war in Ukraine is a major factor impacting US inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654891022701,\\\"strCount\\\":2631,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"US President \u003ca href=\\\\\\\"https://opoyi.com/consumer-report-shows-rising-prices-joe-biden-says-reversing-inflation-top-priority\\\\\\\"\u003eJoe Biden\u003c/a\u003e expressed that fighting inflation was his top economic priority with the recent statement from the White House explaining why the country is going through its highest inflation spike since 1981.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Russian President \u003ca href=\\\\\\\"https://opoyi.com/english/who-is-vladimir-putin\\\\\\\"\u003eVladimir Putin's\u003c/a\u003e price hike hit the US and the world hard in May 2022. Thus, high gas prices at the pump, energy, as well as food prices, made up for nearly half of the monthly price spikes. In many places, the gas pump prices are up by\u0026nbsp;$2 a gallon, since \u003ca href=\\\\\\\"https://opoyi.com/english/russia-ukraine-war-all-you-need-to-know\\\\\\\"\u003eRussian troops entered Ukraine\u003c/a\u003e on February 24. The White House statement reads, \\\\\\\"Even as we continue our work to defend freedom in Ukraine, we must do more—and quickly—to get prices down here in the United States.\\\\\\\"\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Both the disruption in energy supply chains and the US sanctions on Russian energy have contributed to the price rise.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The statement goes on to explain that prices at the pump are a major cause of the inflation and the war in Ukraine is a major cause behind the prices at the pump. Biden, however, proposed a solution to this conundrum, saying that the US is working to produce a record amount of oil the next year, and the 79-year-old Democrat also assured he's working with the industry to further \\\\\\\"accelerate output\\\\\\\".\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/shangri-la-dialogue-china-to-start-a-war-if-taiwan-declares-independence\\\\\\\"\u003eChina warns US it will 'start a war' if Taiwan declares independence\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"But it is also important that the oil and gas and refining industries in this country not use the challenge created by the war in Ukraine as a reason to make things worse for families with excessive profit taking or price hikes\\\\\\\", the White House statement reads.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As per government data, the US saw inflation rates jump to 8.6% in May, which is the highest the nation has seen in 40 years. Thus, the Biden administration has put \u003ca href=\\\\\\\"https://opoyi.com/english/what-joe-biden-proposed-to-control-highest-us-inflation-spike-since-1981\\\\\\\"\u003esome steps in place\u003c/a\u003e to control prices but the president noted that the Republicans' way of increasing taxes on the middle class and working families was not the way to go about it.\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Shuvrajit Das Biswas","photo":"https://opoyi.com/images/opoyi_qZHZQaZRe.jpg?tr=w-600,q-70,dpr","username":"shuvrajit","id":"rq7gYqKJkLkE","role":null},"topics":[{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"USCongress","slug":"uscongress","id":"EA4mfXbN7iJQ"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"worldnews","slug":"worldnews","id":"FLZBvkEHs9qe"},{"name":"World","slug":"world","id":"iEhRQcab92b8"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Shuvrajit Das Biswas","id":"rq7gYqKJkLkE","username":"shuvrajit"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-10T20:00:00.586029+00:00","publisher":0,"sourceFeed":null,"cleanText":"US President Joe Biden expressed that fighting inflation was his top economic priority with the recent statement from the White House explaining why the country is going through its highest inflation spike since 1981. ,Russian President Vladimir Putin's price hike hit the US and the world hard in May 2022. Thus, high gas prices at the pump, energy, as well as food prices, made up for nearly half of the monthly price spikes. In many places, the gas pump prices are up by $2 a gallon, since Russian troops entered Ukraine on February 24. The White House statement reads, Even as we continue our work to defend freedom in Ukraine, we must do more—and quickly—to get prices down here in the United States. ,Also Read | Why US inflation is going up and when will it come down,Both the disruption in energy supply chains and the US sanctions on Russian energy have contributed to the price rise. ,The statement goes on to explain that prices at the pump are a major cause of the inflation and the war in Ukraine is a major cause behind the prices at the pump. Biden, however, proposed a solution to this conundrum, saying that the US is working to produce a record amount of oil the next year, and the 79-year-old Democrat also assured he's working with the industry to further accelerate output. ,Also Read | China warns US it will 'start a war' if Taiwan declares independence,But it is also important that the oil and gas and refining industries in this country not use the challenge created by the war in Ukraine as a reason to make things worse for families with excessive profit taking or price hikes, the White House statement reads. ,As per government data, the US saw inflation rates jump to 8.6% in May, which is the highest the nation has seen in 40 years. Thus, the Biden administration has put some steps in place to control prices but the president noted that the Republicans' way of increasing taxes on the middle class and working families was not the way to go about it.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"US,Ukraine,White House,Joe Biden,Vladimir Putin,the United States,Democrat,US inflation ,Russia Ukraine war US inflation ,Russia Ukraine US inflation","originalPublishedOn":"2022-06-10T20:00:00+00:00"}},{"node":{"id":"n5K2Ds8CqK12","slug":"english/why-us-inflation-is-going-up-and-when-will-it-calm-down","title":"Why US inflation is going up and when will it come down","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ajGKWZewU.jpg","coverCaption":"This year, many economists expect inflation to remain considerably above the Fed's 2% annual target. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-10T19:30:00.635723+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation jumped 1.2% from February to March, up from 0.8% from January to February in US\u003c/li\u003e\n \u003cli\u003eCPI surged by 8.5% from a year ago in March, the largest increase since December 1981\u003c/li\u003e\n \u003cli\u003eFederal Reserve never expected such severe and long-term inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654889301387,\\\"strCount\\\":5503,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003eInflation\u003c/a\u003e in the \u003ca href=\\\\\\\"https://opoyi.com/topic/unitedstates\\\\\\\"\u003eUnited States\u003c/a\u003e has surged at its fastest rate in more than 40 years, with rising costs for food, fuel, housing, and other essentials squeezing \u003ca href=\\\\\\\"https://opoyi.com/topic/american\\\\\\\"\u003eAmerican\u003c/a\u003e consumers and wiping out pay raises for many.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Labor Department announced on Tuesday that its consumer price index increased by 8.5% from a year ago in March, the largest year-over-year increase since December 1981.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/cpi-inflation-soars-sharply-to-17-month-high-of-695-in-march\\\\\\\"\u003eCPI Inflation soars sharply to 17-month high of 6.95% in March\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Prices have risen due to bottlenecked supply chains, strong consumer demand, and global food and energy market disruptions exacerbated by Russia's war in \u003ca href=\\\\\\\"https://opoyi.com/topic/ukraine\\\\\\\"\u003eUkraine\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation jumped 1.2% from February to March, up from 0.8% from January to February, according to the government's statistics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The March inflation figures were the first to reflect the full increase in fuel costs that occurred in the aftermath of Russia's invasion of Ukraine on February 24.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-10-year-bond-yield-surpasses-7-for-the-first-time-since-2019\\\\\\\"\u003eRBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve never expected such severe and long-term inflation. The Fed's policymakers forecasted in December 2020 that consumer inflation would remain below its 2% annual target and conclude 2021 at roughly 1.8%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High inflation, which had been relegated to the background for decades, resurfaced with a vengeance last year. The government's consumer price index was only 1.7% higher in February 2021 than it was a year earlier.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The year-over-year growth then picked up at 2.6% in March, 4.2% in April, 5% in May, and 5.4% in June. By October, the rate had risen to 6.2%, 6.8% in November, and 7% in December.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/we-need-1-increase-of-rates-says-uday-kotak-on-rbi-policy\\\\\\\"\u003e'We need 1% increase of rates' says Uday Kotak on RBI policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhy has inflation spiked so aggressively?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the pandemic crippled the economy in the spring of 2020, lockdowns were implemented, businesses closed or reduced hours, and customers stayed at home as a health precaution, employers cut a staggering 22 million jobs. In the April-June quarter of 2020, economic output fell at a record-breaking 31% annual rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The introduction of vaccines had encouraged people to return to restaurants, bars, shops, airports, and entertainment places by the spring of last year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/federal-reserve-likely-to-take-aggressive-action-to-curb-inflation-in-us\\\\\\\"\u003eFederal Reserve likely to take aggressive action to curb inflation in US\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Costs increased as demand increased and supplies decreased. They couldn't fill job opportunities quickly enough, and they couldn't acquire enough materials to keep up with customer demand. As business picked up, ports and freight yards couldn't keep up with the demand. Global supply chains were clogged.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"People criticized President Joe Biden's $1.9 trillion coronavirus relief programme, which included $1,400 checks for most households, in part for scorching an economy that was already overheated.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many others claimed that the Fed kept rates around zero for far too long, allowing reckless spending and inflated stock, house, and other asset prices to flourish.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/inflation-in-19-countries-using-euro-currency-soars-to-record-75\\\\\\\"\u003eInflation in 19 countries using euro currency soars to record 7.5%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhen will it get back to normal?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer price inflation may continue to rise as long as businesses struggle to meet consumer demand for products and services. Because the employment market is improving, companies added a record 6.7 million jobs last year and 560,000 jobs each month so far this year meaning that Americans may continue to indulge in everything from lawn furniture to electronics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This year, many economists expect inflation to remain considerably above the Fed's 2% annual target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/inflation-gauge-sets-40-year-high-as-food-and-gas-prices-surge\\\\\\\"\u003eInflation gauge sets 40-year high as food and gas prices surge\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, relief from rising prices may be on the way. At least in some industries, clogged supply chains are beginning to show indications of improvement. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Fed's shift away from easy money policies and toward anti-inflationary policies may diminish consumer demand in the long run. There will be no \u003ca href=\\\\\\\"https://opoyi.com/topic/covid\\\\\\\"\u003eCOVID\u003c/a\u003e relief cheques from \u003ca href=\\\\\\\"https://opoyi.com/topic/washington\\\\\\\"\u003eWashington\u003c/a\u003e this year, as there were last year.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/ukraines-economy-to-shrink-by-20-russias-by-10-in-2022-report\\\\\\\"\u003eUkraines' economy to shrink by 20%, Russias' by 10% in 2022: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation is weakening purchasing power and may cause some people to cut back on their spending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"New COVID variations, on the other hand, might cast a pall over the situation, either by triggering outbreaks that compel industries and ports to close, further disrupting supply chains, or by keeping people at home, limiting demand for commodities.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Washington","slug":"washington","id":"Fqv5l2w7tKCw"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"American","slug":"american","id":"NZFYoh1gkc1s"},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"covid19","slug":"covid19","id":"hm5BaFFLNDX8"},{"name":"Covid19","slug":"covid19","id":"pj8WTRtPLOKa"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-10T19:30:00.526646+00:00","publisher":0,"sourceFeed":null,"cleanText":"Inflation in the United States has surged at its fastest rate in more than 40 years, with rising costs for food, fuel, housing, and other essentials squeezing American consumers and wiping out pay raises for many. The Labor Department announced on Tuesday that its consumer price index increased by 8.5% from a year ago in March, the largest year-over-year increase since December 1981. Also Read| CPI Inflation soars sharply to 17-month high of 6.95% in March,Prices have risen due to bottlenecked supply chains, strong consumer demand, and global food and energy market disruptions exacerbated by Russia's war in Ukraine. Inflation jumped 1.2% from February to March, up from 0.8% from January to February, according to the government's statistics. The March inflation figures were the first to reflect the full increase in fuel costs that occurred in the aftermath of Russia's invasion of Ukraine on February 24. Also Read| RBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019,The Federal Reserve never expected such severe and long-term inflation. The Fed's policymakers forecasted in December 2020 that consumer inflation would remain below its 2% annual target and conclude 2021 at roughly 1.8%. High inflation, which had been relegated to the background for decades, resurfaced with a vengeance last year. The government's consumer price index was only 1.7% higher in February 2021 than it was a year earlier. The year-over-year growth then picked up at 2.6% in March, 4.2% in April, 5% in May, and 5.4% in June. By October, the rate had risen to 6.2%, 6.8% in November, and 7% in December. Also Read| 'We need 1% increase of rates' says Uday Kotak on RBI policy,Why has inflation spiked so aggressively?,When the pandemic crippled the economy in the spring of 2020, lockdowns were implemented, businesses closed or reduced hours, and customers stayed at home as a health precaution, employers cut a staggering 22 million jobs. In the April-June quarter of 2020, economic output fell at a record-breaking 31% annual rate. The introduction of vaccines had encouraged people to return to restaurants, bars, shops, airports, and entertainment places by the spring of last year. Also Read| Federal Reserve likely to take aggressive action to curb inflation in US,Costs increased as demand increased and supplies decreased. They couldn't fill job opportunities quickly enough, and they couldn't acquire enough materials to keep up with customer demand. As business picked up, ports and freight yards couldn't keep up with the demand. Global supply chains were clogged. People criticized President Joe Biden's $1.9 trillion coronavirus relief programme, which included $1,400 checks for most households, in part for scorching an economy that was already overheated. ,Many others claimed that the Fed kept rates around zero for far too long, allowing reckless spending and inflated stock, house, and other asset prices to flourish. Also Read| Inflation in 19 countries using euro currency soars to record 7.5%,When will it get back to normal?,Consumer price inflation may continue to rise as long as businesses struggle to meet consumer demand for products and services. Because the employment market is improving, companies added a record 6.7 million jobs last year and 560,000 jobs each month so far this year meaning that Americans may continue to indulge in everything from lawn furniture to electronics. This year, many economists expect inflation to remain considerably above the Fed's 2% annual target. Also Read| Inflation gauge sets 40-year high as food and gas prices surge,However, relief from rising prices may be on the way. At least in some industries, clogged supply chains are beginning to show indications of improvement. ,The Fed's shift away from easy money policies and toward anti-inflationary policies may diminish consumer demand in the long run. There will be no COVID relief cheques from Washington this year, as there were last year. ,Also Read| Ukraines' economy to shrink by 20%, Russias' by 10% in 2022: Report,Inflation is weakening purchasing power and may cause some people to cut back on their spending. New COVID variations, on the other hand, might cast a pall over the situation, either by triggering outbreaks that compel industries and ports to close, further disrupting supply chains, or by keeping people at home, limiting demand for commodities.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,Russia,Ukraine,the United States,American,The Labor Department,The Federal Reserve,Joe Biden,Americans,COVID,Washington","originalPublishedOn":"2022-04-13T06:15:00+00:00"}},{"node":{"id":"cX2rRLmNARnn","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turn-red-in-early-trade-on-friday","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turn red in early trade on Friday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-10T15:15:59.246731+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDow Jones Industrial Average was down 778.48 points or 2.4% at 31,494.31\u003c/li\u003e\n \u003cli\u003eThe US government said inflation surged to 8.6% in May\u003c/li\u003e\n \u003cli\u003eThe 10-year yield jumped to 3.10% from 3.04%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654874158369,\\\"strCount\\\":4022,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street trembled on Friday, and \u003ca href=\\\\\\\"https://opoyi.com/english/explained-the-impact-of-bond-yield-on-markets-and-investors\\\\\\\"\u003estocks\u003c/a\u003e plunged after\\\\ngetting battered by data showing \u003ca href=\\\\\\\"https://opoyi.com/english/what-are-the-effects-of-the-fed-raising-interest-rates-to-fight-inflation\\\\\\\"\u003einflation\u003c/a\u003e is getting worse, not better as\\\\ninvestors had been hoping.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was 107.53 points or 2.68% lower at\\\\n3,910.29 in the morning trading, while moves in the bond market indicated\\\\ninvestors’ worries are building about a possible recession. The Dow Jones\\\\nIndustrial Average was down 778.48 points or 2.4% at 31,494.31 as of 10:13 a.m.\\\\nEastern time zone. The Nasdaq composite fell 363.97 points or 3.10% to\\\\n11,390.26.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-was-julee-cruise\\\\\\\"\u003eWho was Julee Cruise, David Lynch collaborator and singer dead at 65?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street came into Friday hoping a highly awaited\\\\nreport on the consumer price index would show the worst inflation in generations\\\\nslowed last month. Instead, the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e government said inflation surged to 8.6% in\\\\nMay from 8.3% a month earlier.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-federal-reserves-policy-stance-may-be-working\\\\\\\"\u003eFederal Reserve\u003c/a\u003e has already started \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eincreasing\\\\ninterest rates\u003c/a\u003e and taking other measures in order to slow the economy, in hopes\\\\nof forcing down inflation. Wall Street interpreted Friday's report to mean the\\\\nFed's foot will remain firmly on the brakes for the economy, raising hopes that\\\\nit may take a pause later this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-ukraine-has-to-now-completely-depend-on-weapons-from-allies\\\\\\\"\u003eWhy Ukraine has to now completely depend on weapons from allies\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market is anticipating a half a percentage points\\\\nhike in Fed’s key short-term interest rate at each of its next three meetings,\\\\nbeginning next week. That third one in September had been up for debate among\\\\ninvestors in recent weeks. The Fed has raised rates by that degree only once\\\\nsince 2000, in May.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Too-aggressive rate hikes by the Fed could ultimately\\\\nforce the economy into a recession. Higher interest rates make borrowing more\\\\nexpensive, which negatively impacts spending and investments by households and\\\\ncompanies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/shangri-la-dialogue-china-to-start-a-war-if-taiwan-declares-independence\\\\\\\"\u003eChina warns US it will 'start a war' if Taiwan declares independence\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The two-year Treasury yield rose to 2.94% following the\\\\ninflation report, after touching its highest level since 2018. It's up from\\\\n2.83% late Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 10-year yield was zoomed, but more modestly than the\\\\ntwo-year yield, which is more influenced by expectations for Fed movements. The\\\\n10-year yield jumped to 3.10% from 3.04%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/psychedelics-and-mdma-elon-musks-solution-to-the-us-mental-health-crisis\\\\\\\"\u003e'Psychedelics and MDMA': Musk's solution to the US mental health crisis\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The narrowing gap between those two yields indicates that\\\\ninvestors in the bond market are more worried about economic growth. If the\\\\ntwo-year yield rises above the 10-year yield, some investors see that as a red\\\\nflag warning of a recession hitting in a year or two.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-norway-is-terminating-20-year-old-nh90-military-helicopters-contract\\\\\\\"\u003eWhy Norway is terminating 20-year-old NH90 military helicopters contract\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"A higher-than-expected CPI number seals the deal on\\\\ninvestors' fears,\\\\\\\" Mike Loewengart, managing director at E-Trade from\\\\nMorgan Stanley, wrote in a research note. \\\\\\\"And though consumers may be\\\\nexperiencing high prices in their day-to-day, especially at the pump, it's\\\\ndisappointing to see that we don't have a lid on inflation yet, despite the\\\\nFed's efforts.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 is moving towards its ninth losing week\\\\nin the last 10.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"MorganStanley","slug":"morganstanley","id":"trphbcMvJH28"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-10T15:15:57.572343+00:00","publisher":0,"sourceFeed":null,"cleanText":"Wall Street trembled on Friday, and stocks plunged after getting battered by data showing inflation is getting worse, not better as investors had been hoping. The S\u0026P 500 was 107.53 points or 2.68% lower at 3,910.29 in the morning trading, while moves in the bond market indicated investors’ worries are building about a possible recession. The Dow Jones Industrial Average was down 778.48 points or 2.4% at 31,494.31 as of 10:13 a.m. Eastern time zone. The Nasdaq composite fell 363.97 points or 3.10% to 11,390.26. Also Read | Who was Julee Cruise, David Lynch collaborator and singer dead at 65?,Wall Street came into Friday hoping a highly awaited report on the consumer price index would show the worst inflation in generations slowed last month. Instead, the US government said inflation surged to 8.6% in May from 8.3% a month earlier. The Federal Reserve has already started increasing interest rates and taking other measures in order to slow the economy, in hopes of forcing down inflation. Wall Street interpreted Friday's report to mean the Fed's foot will remain firmly on the brakes for the economy, raising hopes that it may take a pause later this year. Also Read | Why Ukraine has to now completely depend on weapons from allies,The market is anticipating a half a percentage points hike in Fed’s key short-term interest rate at each of its next three meetings, beginning next week. That third one in September had been up for debate among investors in recent weeks. The Fed has raised rates by that degree only once since 2000, in May. Too-aggressive rate hikes by the Fed could ultimately force the economy into a recession. Higher interest rates make borrowing more expensive, which negatively impacts spending and investments by households and companies. Also Read | China warns US it will 'start a war' if Taiwan declares independence,The two-year Treasury yield rose to 2.94% following the inflation report, after touching its highest level since 2018. It's up from 2.83% late Thursday. The 10-year yield was zoomed, but more modestly than the two-year yield, which is more influenced by expectations for Fed movements. The 10-year yield jumped to 3.10% from 3.04%. Also Read | 'Psychedelics and MDMA': Musk's solution to the US mental health crisis,The narrowing gap between those two yields indicates that investors in the bond market are more worried about economic growth. If the two-year yield rises above the 10-year yield, some investors see that as a red flag warning of a recession hitting in a year or two. Also Read | Why Norway is terminating 20-year-old NH90 military helicopters contract,A higher-than-expected CPI number seals the deal on investors' fears, Mike Loewengart, managing director at E-Trade from Morgan Stanley, wrote in a research note. And though consumers may be experiencing high prices in their day-to-day, especially at the pump, it's disappointing to see that we don't have a lid on inflation yet, despite the Fed's efforts. The S\u0026P 500 is moving towards its ninth losing week in the last 10.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,US,The Federal Reserve,Treasury,Morgan Stanley,stock market, US stock market, Early trade, US early trade, Inflation, share market,Federal Reserve, US inflation, US inflation May,Nasdaq, S\u0026P 500, Dow jones,Bond yields","originalPublishedOn":"2022-06-10T15:15:57.572332+00:00"}},{"node":{"id":"xXYvqbaUyJ9A","slug":"english/explained-the-impact-of-bond-yield-on-markets-and-investors","title":"Explained: The impact of bond yields on markets and investors","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"The increase shows that the cost of funds in the financial sector, as well as interest rates, is growing. (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-10T07:23:32.175064+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBond yields have been rising globally in response to higher inflation\u003c/li\u003e\n \u003cli\u003eThe yield on benchmark 10-year government bonds has shot up by 149 basis points to 7.50%\u003c/li\u003e\n \u003cli\u003eThe jump in yields indicates that investors are anticipating higher interest rates\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654845811334,\\\"strCount\\\":4240,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bond yields have increased to their highest levels in three years as the Reserve Bank of \u003ca href=\\\\\\\"https://opoyi.com/topic/india\\\\\\\"\u003eIndia\u003c/a\u003e hikes key interest rates to combat inflation, which is anticipated to continue at over 7% until at least September.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/5-reasons-why-indian-rupee-had-a-great-fall\\\\\\\"\u003e5 reasons why Indian rupee had a great fall\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the past one year, the yield on benchmark 10-year government bonds has shot up by 149 basis points to 7.50%. Long-term rates have climbed by more than 100 basis points since the beginning of the year, while short-term yields have risen by more than 150 basis points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bond rates have been rising globally in response to higher inflation and policy normalisation objectives.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Data showing a further increase in inflation leading to higher-for-longer inflation expectations may result in a further increase in bond yields and correction in markets. We expect inflation in India to trend down sharply in the second half of FY23 on high base effects but note upside risks to inflation from higher-than-expected domestic food prices and global fuel prices,” said a report from Kotak Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The surge in rates indicates that the worst of the rate moves have already been considered in by markets. This also suggests that rates might rise to 6% or higher in the medium term. With current repo rates at 4.90%, this suggests that further rate rises of more than 100 basis points have been baked into bond yields.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The increase shows that the cost of funds in the financial sector, as well as interest rates, is growing. A segment of the market also relates the rise in yields to the RBI's intention to abandon its accommodative stance and hike interest rates in the months ahead.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result of the increase, the government will have to pay a higher yield (or return to investors), raising borrowing costs. This will put increasing pressure on the banking system's overall interest rates. Furthermore, if the \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e chooses to normalise monetary policy and interfere less in the market, interest rates are going to rise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The jump in yields indicates that investors are anticipating higher interest rates and are dumping their bonds, as higher rates would cause existing bond prices to fall (and therefore bear the loss on sale before maturity).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-correlation-between-bond-yield-and-economy\\\\\\\"\u003eExplained: Correlation between bond yield and economy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Debt investors will be affected because, as yields rise and bond prices fall, the net asset values of debt funds, which hold a significant amount of government securities in their portfolios, would fall as well. It will also have an influence on corporate bonds, which are more expensive than government bonds.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-how-the-crypto-landscape-has-changed-in-india\\\\\\\"\u003eExplained: How the crypto landscape has changed in India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher bond rates are typically disappointing news for stock investors since they boost the cost of capital for businesses and begin to affect their profitability. As a result, funds migrate away from stocks and towards less volatile debt instruments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Traditionally bond yields have had an inverse relationship with stocks since a rise in bond yields implies an increase in the risk premium on equity.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-10T07:23:30.306489+00:00","publisher":0,"sourceFeed":null,"cleanText":"Bond yields have increased to their highest levels in three years as the Reserve Bank of India hikes key interest rates to combat inflation, which is anticipated to continue at over 7% until at least September. Also Read| 5 reasons why Indian rupee had a great fall,In the past one year, the yield on benchmark 10-year government bonds has shot up by 149 basis points to 7.50%. Long-term rates have climbed by more than 100 basis points since the beginning of the year, while short-term yields have risen by more than 150 basis points. Also Read| Explained: Impact of RBI's repo rate hike on deposits, loans,Bond rates have been rising globally in response to higher inflation and policy normalisation objectives. “Data showing a further increase in inflation leading to higher-for-longer inflation expectations may result in a further increase in bond yields and correction in markets. We expect inflation in India to trend down sharply in the second half of FY23 on high base effects but note upside risks to inflation from higher-than-expected domestic food prices and global fuel prices,” said a report from Kotak Securities. Also Read| How inflation affects RBI’s interest rate policy,The surge in rates indicates that the worst of the rate moves have already been considered in by markets. This also suggests that rates might rise to 6% or higher in the medium term. With current repo rates at 4.90%, this suggests that further rate rises of more than 100 basis points have been baked into bond yields. Also Read| Explained: Changes in repo rates and their impact on stock market,The increase shows that the cost of funds in the financial sector, as well as interest rates, is growing. A segment of the market also relates the rise in yields to the RBI's intention to abandon its accommodative stance and hike interest rates in the months ahead. Also Read| Explained: Impact of MPC meeting on stock market,As a result of the increase, the government will have to pay a higher yield (or return to investors), raising borrowing costs. This will put increasing pressure on the banking system's overall interest rates. Furthermore, if the RBI chooses to normalise monetary policy and interfere less in the market, interest rates are going to rise. Also Read| How US Fed rate hike impacts the Indian rupee,The jump in yields indicates that investors are anticipating higher interest rates and are dumping their bonds, as higher rates would cause existing bond prices to fall (and therefore bear the loss on sale before maturity). Also Read| Explained: Correlation between bond yield and economy,Debt investors will be affected because, as yields rise and bond prices fall, the net asset values of debt funds, which hold a significant amount of government securities in their portfolios, would fall as well. It will also have an influence on corporate bonds, which are more expensive than government bonds. Also Read| Explained: How the crypto landscape has changed in India,Higher bond rates are typically disappointing news for stock investors since they boost the cost of capital for businesses and begin to affect their profitability. As a result, funds migrate away from stocks and towards less volatile debt instruments. Traditionally bond yields have had an inverse relationship with stocks since a rise in bond yields implies an increase in the risk premium on equity.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the Reserve Bank of India,India,Kotak Securities,RBI","originalPublishedOn":"2022-06-10T07:18:12.688077+00:00"}},{"node":{"id":"BIs5bQn3bGXi","slug":"english/5-reasons-why-indian-rupee-had-a-great-fall","title":"5 reasons why Indian rupee had a great fall","postType":1,"coverMedia":"/opoyi_XcvrHgVFZ.jpg","coverCaption":"The currency was also pushed down by weak domestic equity markets. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-10T07:10:00.890708+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Indian rupee dropped to 77.82 against the US dollar\u003c/li\u003e\n \u003cli\u003eThe rupee fell to 77.81 before settling at 77.74 on Thursday\u003c/li\u003e\n \u003cli\u003eThe benchmark Sensex was down 600 points in early trade\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654844608112,\\\"strCount\\\":3127,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e rupee sank to a historic low today as the dollar strengthened and crude oil prices rose. The Indian rupee dropped to 77.82 against the \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e dollar. The rupee fell to 77.81 before settling at 77.74 on Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The currency was also pushed down by weak domestic equity markets. In early trade on Friday, the benchmark \u003ca href=\\\\\\\"https://opoyi.com/english/sensex-falls-nearly-600-points-while-nifty-around-16300-in-early-trade\\\\\\\"\u003eSensex was down 600 points\u003c/a\u003e. According to analysts, the rupee fell as a result of the dollar index's rise and the European Central Bank's (ECB) indication to raise interest rates at its July policy meetings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFive reasons behind Rupee’s fall:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"1. The European Central Bank (ECB) joined the tightening campaign on Thursday, declaring the conclusion of its bond-buying programme and indicating that rates will be raised multiple times this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"2. \u003ca href=\\\\\\\"https://opoyi.com/topic/crudeoil\\\\\\\"\u003eOil prices\u003c/a\u003e dipped today but remained close to three-month highs. Brent crude futures fell $1.01, or 0.8%, to $122.06 a barrel in August, but were on course for a fourth consecutive weekly rise. \u003ca href=\\\\\\\"https://opoyi.com/topic/india\\\\\\\"\u003eIndia\u003c/a\u003e imports the majority of its petroleum needs, therefore a rise in oil prices raises domestic inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"3. In May, India's trade deficit increased to $23 billion. Exports increased 15.4% year on year to $37.3 billion, but down 7.2% month on month. Imports, on the other hand, increased 56.1% to $60.6 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"4. According to stock exchange statistics, \u003ca href=\\\\\\\"https://opoyi.com/english/fii-dii-data-fpi-sold-shares-worth-rs-1512-crore-on-thursday-june-9-2022\\\\\\\"\u003eforeign institutional investors\u003c/a\u003e were net sellers in the capital market on Thursday, offloading shares worth Rs 1,512.64 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-correlation-between-bond-yield-and-economy\\\\\\\"\u003eExplained: Correlation between bond yield and economy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"5. The Current Account Deficit (CAD) has moderated to $17.3 billion or 1.96% of GDP in the fourth quarter of FY22 as against USD 8.2 billion or 1.03%\u0026nbsp; in the year-ago period, and massively down from $23.02 billion or 2.74% in Q3, which was a 13-quarter high, according to India Ratings.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O"},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-10T07:10:00.890712+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Indian rupee sank to a historic low today as the dollar strengthened and crude oil prices rose. The Indian rupee dropped to 77.82 against the US dollar. The rupee fell to 77.81 before settling at 77.74 on Thursday. Also Read| Explained: Impact of RBI's repo rate hike on deposits, loans,The currency was also pushed down by weak domestic equity markets. In early trade on Friday, the benchmark Sensex was down 600 points. According to analysts, the rupee fell as a result of the dollar index's rise and the European Central Bank's (ECB) indication to raise interest rates at its July policy meetings. Also Read| How inflation affects RBI’s interest rate policy,Five reasons behind Rupee’s fall:,1. The European Central Bank (ECB) joined the tightening campaign on Thursday, declaring the conclusion of its bond-buying programme and indicating that rates will be raised multiple times this year. Also Read| Explained: Changes in repo rates and their impact on stock market,2. Oil prices dipped today but remained close to three-month highs. Brent crude futures fell $1.01, or 0.8%, to $122.06 a barrel in August, but were on course for a fourth consecutive weekly rise. India imports the majority of its petroleum needs, therefore a rise in oil prices raises domestic inflation. Also Read| Explained: Impact of MPC meeting on stock market,3. In May, India's trade deficit increased to $23 billion. Exports increased 15.4% year on year to $37.3 billion, but down 7.2% month on month. Imports, on the other hand, increased 56.1% to $60.6 billion. Also Read| How US Fed rate hike impacts the Indian rupee,4. According to stock exchange statistics, foreign institutional investors were net sellers in the capital market on Thursday, offloading shares worth Rs 1,512.64 crore. Also Read| Explained: Correlation between bond yield and economy,5. The Current Account Deficit (CAD) has moderated to $17.3 billion or 1.96% of GDP in the fourth quarter of FY22 as against USD 8.2 billion or 1.03% in the year-ago period, and massively down from $23.02 billion or 2.74% in Q3, which was a 13-quarter high, according to India Ratings.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Indian,US,the European Central Bank's,The European Central Bank","originalPublishedOn":"2022-06-10T07:10:00+00:00"}},{"node":{"id":"M4t1753t1WD8","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-thursday-9","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Thursday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-09T15:23:14.289120+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDow Jones Industrial Average fell 74.04 points or 0.22% to 32,386.86\u003c/li\u003e\n \u003cli\u003eBanks and health care companies declined sharply\u003c/li\u003e\n \u003cli\u003eRetailers and makers of consumer goods gained ground\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654788192860,\\\"strCount\\\":3717,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks turned lower in morning trading on \u003ca href=\\\\\\\"https://opoyi.com/topic/closingbell\\\\\\\"\u003eWall Street\u003c/a\u003e Thursday as investors struggle to determine some direction for markets amid consistent volatile trading.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 6.35 points or 0.15% to 4,109.42 as of 10:17 a.m. Eastern Time Zone. The Dow Jones Industrial Average fell 74.04 points or 0.22% to 32,386.86. The Nasdaq Composite fell 15.50 points or 0.13% to 12,070.78.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/online-cosmetics-retailer-purplle-turns-unicorn-after-33-million-fundraise\\\\\\\"\u003eOnline cosmetics retailer Purplle turns unicorn after $33 million fundraise\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Banks and health care companies declined sharply. Capital One fell 1.7% and Eli Lily slid 1.1% \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retailers and makers of consumer goods gained ground. Dollar General rose 1.3% and Costco surged 2.1%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bond yields turned higher. The yield on the 10-year Treasury increased to 3.04% from 3.02% late Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/capitol-riots-hearing-who-all-are-part-of-jan-6-panel-and-what-are-their-roles\\\\\\\"\u003eCapitol riots hearing: Who all are part of Jan 6 panel and what are their roles?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major indexes have been swinging between gains and losses, sometimes by the hour. Despite the volatility, they are mostly flat for the week. Overall, the market is still in a deep slump. The benchmark S\u0026amp;P 500 index has declined in eight of the last nine weeks.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/for-commodity-prices-in-the-west-there-is-only-one-direction-up\\\\\\\"\u003eSoaring inflation\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/english/what-are-the-effects-of-the-fed-raising-interest-rates-to-fight-inflation\\\\\\\"\u003ecentral banks’ efforts\u003c/a\u003e to curb the impact of interest rate hikes remain the key concerns for Wall Street.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also\u0026nbsp;Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/twitter-shares-data-with-musk-to-hold-shareholder-vote-on-sale-in-august-report\\\\\\\"\u003eTwitter shares data with Musk, to hold shareholder vote on sale in August: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-federal-reserves-policy-stance-may-be-working\\\\\\\"\u003eFederal Reserve\u003c/a\u003e is widely expected to raise its key short-term interest rate by half a percentage point at its meeting next week. That would be the second straight increase of double the usual amount, and investors expect the third hike in July.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The interest rate hikes from central banks are an attempt to slow economic growth enough to control inflation, particularly by reducing pressure from the persistent supply and demand disconnect at the root of the problem.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/apple-wwdc-2022-all-big-announcements\\\\\\\"\u003eApple WWDC 2022: All big announcements\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street is concerned that the Fed could go too far or too fast in raising rates and push the economy into a recession, especially with economic growth already slowing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Businesses have had increased prices on everything from food to clothing. Many have warned about waning demand. Consumers are seeing inflation cutting their pockets and have shifted spending to focus more on necessities or services, like travel, rather than buying discretionary items like electronics or clothing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/walmart-heir-rob-walton-could-buy-denver-broncos-for-45-billion-report\\\\\\\"\u003eWalmart heir Rob Walton could buy Denver Broncos for $4.5 billion: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher gas prices have been putting pressure on both consumers and businesses, raising concerns that inflation could persist. US crude oil prices were relatively stable on Thursday but are up more than 60% this year, with much of the jump stemming from Russia's invasion of \u003ca href=\\\\\\\"https://opoyi.com/topic/ukraine\\\\\\\"\u003eUkraine\u003c/a\u003e.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-09T15:23:12.962104+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks turned lower in morning trading on Wall Street Thursday as investors struggle to determine some direction for markets amid consistent volatile trading. The S\u0026P 500 fell 6.35 points or 0.15% to 4,109.42 as of 10:17 a.m. Eastern Time Zone. The Dow Jones Industrial Average fell 74.04 points or 0.22% to 32,386.86. The Nasdaq Composite fell 15.50 points or 0.13% to 12,070.78. Also Read | Online cosmetics retailer Purplle turns unicorn after $33 million fundraise,Banks and health care companies declined sharply. Capital One fell 1.7% and Eli Lily slid 1.1% ,Retailers and makers of consumer goods gained ground. Dollar General rose 1.3% and Costco surged 2.1%. Bond yields turned higher. The yield on the 10-year Treasury increased to 3.04% from 3.02% late Wednesday. Also Read | Capitol riots hearing: Who all are part of Jan 6 panel and what are their roles?,Major indexes have been swinging between gains and losses, sometimes by the hour. Despite the volatility, they are mostly flat for the week. Overall, the market is still in a deep slump. The benchmark S\u0026P 500 index has declined in eight of the last nine weeks. Soaring inflation and central banks’ efforts to curb the impact of interest rate hikes remain the key concerns for Wall Street. Also Read | Twitter shares data with Musk, to hold shareholder vote on sale in August: Report,The Federal Reserve is widely expected to raise its key short-term interest rate by half a percentage point at its meeting next week. That would be the second straight increase of double the usual amount, and investors expect the third hike in July. The interest rate hikes from central banks are an attempt to slow economic growth enough to control inflation, particularly by reducing pressure from the persistent supply and demand disconnect at the root of the problem. Also Read | Apple WWDC 2022: All big announcements,Wall Street is concerned that the Fed could go too far or too fast in raising rates and push the economy into a recession, especially with economic growth already slowing. Businesses have had increased prices on everything from food to clothing. Many have warned about waning demand. Consumers are seeing inflation cutting their pockets and have shifted spending to focus more on necessities or services, like travel, rather than buying discretionary items like electronics or clothing. Also Read | Walmart heir Rob Walton could buy Denver Broncos for $4.5 billion: Report,Higher gas prices have been putting pressure on both consumers and businesses, raising concerns that inflation could persist. US crude oil prices were relatively stable on Thursday but are up more than 60% this year, with much of the jump stemming from Russia's invasion of Ukraine.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Eli Lily,Costco,Treasury,The Federal Reserve,Fed,Russia,Ukraine,NASDAQ, Dow Jones, S\u0026P 500, Stock market, share market,US stock market, US early trade,Inflation","originalPublishedOn":"2022-06-09T15:23:12.962098+00:00"}},{"node":{"id":"xCizaQyU9RHp","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-wednesday-5","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Wednesday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T15:38:05.071220+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDow Jones Industrial Average fell 124.50 points or 0.38% to 33,055.64\u003c/li\u003e\n \u003cli\u003eBanks and industrial companies were among the biggest gainers\u003c/li\u003e\n \u003cli\u003eThe yield on the 10-year Treasury, surged to 3.02% from 2.97%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654702682878,\\\"strCount\\\":4350,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Stocks traded lower in the morning on Wall Street\\\\nWednesday and trading remained choppy as investors try to determine how\\\\n\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6\\\\\\\"\u003einflation\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003erising interest rates\u003c/a\u003e will impact the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 10.62 points or 0.26% as of 10:21\\\\na.m. Eastern Time Zone. The Dow Jones Industrial Average fell 124.50 points or\\\\n0.38% to 33,055.64. The Nasdaq rose 17.90 points or 0.15% to 12,193.13.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/jan-6-committee-hearing-what-to-expect\\\\\\\"\u003eJan. 6 committee hearing: What to expect\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Banks and industrial companies were among the biggest\\\\ngainers in the broader market. Wells Fargo slid 1.5% and Union Pacific fell\\\\n3.3%. Technology stocks were also falling. \u003ca href=\\\\\\\"https://opoyi.com/topic/intel\\\\\\\"\u003eIntel\u003c/a\u003e shed 4.5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bond yields increased. The yield on the 10-year Treasury,\\\\nwhich banks use to set rates on mortgages and other loans, surged to 3.02% from\\\\n2.97% late Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-mike-pence-will-be-central-figure-at-jan-6-hearing\\\\\\\"\u003eWhy Mike Pence will be central figure at Jan. 6 hearing\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets were down and \u003ca href=\\\\\\\"https://opoyi.com/topic/closingbell\\\\\\\"\u003eAsian markets\u003c/a\u003e ended mostly\\\\nhigher overnight.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It has been a volatile week for major indexes, which have\\\\nswung between gains and losses, sometimes by the hour. The benchmark S\u0026amp;P\\\\n500 index is on track for weekly gains. It has ended lower for the eight weeks\\\\nout of the last nine.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key concerns on Wall Street are rising inflation and\\\\nwhether the \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-federal-reserves-policy-stance-may-be-working\\\\\\\"\u003eFederal Reserve’s\u003c/a\u003e shift to an aggressive policy of raising interest\\\\nrates will help curb the impact or possibly lead the economy towards a\\\\nrecession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-los-angeles-mayor-runoff-race-will-be-historic\\\\\\\"\u003eWhy Los Angeles' mayor runoff race will be historic\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation continues to impact businesses. Scotts\\\\nMiracle-Gro, a lawn care products company, plunged 7.7% after slashing its\\\\nprofit forecast for the year because retailers aren’t replenishing orders as\\\\nexpected. Retailers have been warning that sales are shrinking as consumers\\\\nshift to either spending on services or focusing on necessities rather than\\\\npurchasing otherwise discretionary items, like electronics, and clothes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/theyre-cowards-teacher-who-survived-uvalde-shooting-slams-police\\\\\\\"\u003e'They're cowards': Teacher who survived Uvalde shooting slams police\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The impact of inflation has only been worsened by the\\\\nRussia-Ukraine war, which has put more pressure on energy and food prices since\\\\nFebruary. \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e crude oil prices were relatively stable on Wednesday, but are up\\\\n59% for the year, while wheat prices are up 39% in 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/donald-trump-wants-childrens-book-defending-king-donald-in-all-schools\\\\\\\"\u003eDonald Trump wants children's book defending 'King Donald' in all schools\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Both those issues encouraged the Organization for\\\\nEconomic Cooperation and Development to cut its forecast for economic growth,\\\\nfollowing several other international groups, including the World Bank, that\\\\nexpect inflation to have a lingering impact on economies around the world. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Treasury Secretary \u003ca href=\\\\\\\"https://opoyi.com/english/us-treasury-secretary-janet-yellen-explains-why-she-was-wrong-on-inflation-path\\\\\\\"\u003eJanet Yellen\u003c/a\u003e, testifying before the\\\\nSenate Finance Committee on Tuesday, said she expects inflation to remain\\\\nelevated and bringing that down is a top priority.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-how-alabama-law-criminalised-gender-affirming-medicines-for-trans-youth\\\\\\\"\u003eExplained: How Alabama law criminalised gender-affirming medicines for trans youth\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve is likely to raise its key short-term\\\\ninterest rate by half a percentage point at its meeting next week. That would\\\\nbe the second straight increase of double the usual amount, and investors\\\\nexpect a third in July. The US government will release its latest report on the\\\\nconsumer price index.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"JanetYellen","slug":"janetyellen","id":"yJu0YUmD2Tnk"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Intel","slug":"intel","id":"684cgAYG8tf8"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T15:38:03.746955+00:00","publisher":0,"sourceFeed":null,"cleanText":"Stocks traded lower in the morning on Wall Street Wednesday and trading remained choppy as investors try to determine how inflation and rising interest rates will impact the economy. The S\u0026P 500 fell 10.62 points or 0.26% as of 10:21 a.m. Eastern Time Zone. The Dow Jones Industrial Average fell 124.50 points or 0.38% to 33,055.64. The Nasdaq rose 17.90 points or 0.15% to 12,193.13. Also Read | Jan. 6 committee hearing: What to expect,Banks and industrial companies were among the biggest gainers in the broader market. Wells Fargo slid 1.5% and Union Pacific fell 3.3%. Technology stocks were also falling. Intel shed 4.5%. Bond yields increased. The yield on the 10-year Treasury, which banks use to set rates on mortgages and other loans, surged to 3.02% from 2.97% late Tuesday. Also Read | Why Mike Pence will be central figure at Jan. 6 hearing,European markets were down and Asian markets ended mostly higher overnight. It has been a volatile week for major indexes, which have swung between gains and losses, sometimes by the hour. The benchmark S\u0026P 500 index is on track for weekly gains. It has ended lower for the eight weeks out of the last nine. The key concerns on Wall Street are rising inflation and whether the Federal Reserve’s shift to an aggressive policy of raising interest rates will help curb the impact or possibly lead the economy towards a recession. Also Read | Why Los Angeles' mayor runoff race will be historic,Inflation continues to impact businesses. Scotts Miracle-Gro, a lawn care products company, plunged 7.7% after slashing its profit forecast for the year because retailers aren’t replenishing orders as expected. Retailers have been warning that sales are shrinking as consumers shift to either spending on services or focusing on necessities rather than purchasing otherwise discretionary items, like electronics, and clothes. Also Read | 'They're cowards': Teacher who survived Uvalde shooting slams police,The impact of inflation has only been worsened by the Russia-Ukraine war, which has put more pressure on energy and food prices since February. US crude oil prices were relatively stable on Wednesday, but are up 59% for the year, while wheat prices are up 39% in 2022. Also Read | Donald Trump wants children's book defending 'King Donald' in all schools,Both those issues encouraged the Organization for Economic Cooperation and Development to cut its forecast for economic growth, following several other international groups, including the World Bank, that expect inflation to have a lingering impact on economies around the world. ,Treasury Secretary Janet Yellen, testifying before the Senate Finance Committee on Tuesday, said she expects inflation to remain elevated and bringing that down is a top priority. Also Read | Explained: How Alabama law criminalised gender-affirming medicines for trans youth,The Federal Reserve is likely to raise its key short-term interest rate by half a percentage point at its meeting next week. That would be the second straight increase of double the usual amount, and investors expect a third in July. The US government will release its latest report on the consumer price index.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Union Pacific,Intel,European,Scotts Miracle-Gro,the World Bank,Janet Yellen,The Federal Reserve,Well Fargo,Stock market, US stock market, Early trade, US early trade, Nasdaq, Dow jones, S\u0026P 500,Wall Street","originalPublishedOn":"2022-06-08T15:38:03.746949+00:00"}},{"node":{"id":"3h0x2kmV0EPh","slug":"english/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans","title":"Explained: Impact of RBI's repo rate hike on deposits, loans","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI MPC hiked the repo rate by 50 basis points (bps) to 4.90% in its bi-monthly meeting (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T14:42:11.101930+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe standing deposit facility (SDF) rate is adjusted to 4.65%\u003c/li\u003e\n \u003cli\u003eBanks will have to raise deposit rates in the short term\u003c/li\u003e\n \u003cli\u003eNew home, personal and vehicle loans will become expensive\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654699328784,\\\"strCount\\\":3512,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490\\\\\\\"\u003eReserve Bank\u003c/a\u003e of India’s (RBI) \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech\\\\\\\"\u003eMonetary Policy\u003c/a\u003e Committee (MPC) hiked the repo rate by 50 basis points (bps) to 4.90% in its bi-monthly meeting. The MPC’s decision was unanimous and it has decided to keep the stance at “withdrawal from accommodative”. Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-key-points-from-governor-shaktikanta-das-press-conference\\\\\\\"\u003eRBI MPC meet: Key points from Governor Shaktikanta Das' press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFive ways in which the RBI repo rate hike will impact you:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRise in deposit rates:\u003c/b\u003e Banks will have to raise deposit rates in the short term. Many banks have already increased interest rates on deposits after the RBI hiked the repo rate by 40 bps in May. Interest rates on deposits, including savings accounts, post office savings accounts and fixed deposits (FD) will most likely increase.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-proposes-linking-credit-cards-to-upi-payments\\\\\\\"\u003eRBI MPC meet: Central bank proposes linking credit cards to UPI payments\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003e\u003cb\u003eCostlier loans:\u003c/b\u003e\u003c/a\u003e The repo rate hike will force banks and non-banking finance companies to further increase repo-linked lending rates and minimum cost of funds based lending rates. This is because the cost of funds for banks will rise with the repo rate hike. It will lead to a rise in equated monthly instalments (EMIs) for existing borrowers. Additionally, new home, personal and vehicle loans will also become expensive.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDecline in bond yields:\u003c/b\u003e Bond prices and interest rates have an inverse relationship. If rates go up, yields on old bonds fall. Long-term debt investors will have a tough time but investors who have opted for short-term debt funds might recover their money and can reinvest it.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEquity market:\u003c/b\u003e Higher interest rates can also impact a company’s growth as cash flow dries up. Due to lowered expectation of growth from a company investors will expect lower stock price appreciation. If more companies see a fall in their stock prices, this can affect the equity market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eInflationary concerns:\u003c/b\u003e The projections indicate that \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6\\\\\\\"\u003einflation\u003c/a\u003e is expected to remain above the upper tolerance limit of 6% through the first three quarters of 2022-23, the MPC said. This signals further rate action from the RBI. Inflation is now projected at 6.7% in 2022-23, RBI Governor Shaktikanta Das said.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T14:42:09.626926+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) hiked the repo rate by 50 basis points (bps) to 4.90% in its bi-monthly meeting. The MPC’s decision was unanimous and it has decided to keep the stance at “withdrawal from accommodative”. Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. Also Read | RBI MPC meet: Key points from Governor Shaktikanta Das' press conference,Five ways in which the RBI repo rate hike will impact you:,Rise in deposit rates: Banks will have to raise deposit rates in the short term. Many banks have already increased interest rates on deposits after the RBI hiked the repo rate by 40 bps in May. Interest rates on deposits, including savings accounts, post office savings accounts and fixed deposits (FD) will most likely increase. Also Read | RBI MPC meet: Central bank proposes linking credit cards to UPI payments,Costlier loans: The repo rate hike will force banks and non-banking finance companies to further increase repo-linked lending rates and minimum cost of funds based lending rates. This is because the cost of funds for banks will rise with the repo rate hike. It will lead to a rise in equated monthly instalments (EMIs) for existing borrowers. Additionally, new home, personal and vehicle loans will also become expensive. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,Decline in bond yields: Bond prices and interest rates have an inverse relationship. If rates go up, yields on old bonds fall. Long-term debt investors will have a tough time but investors who have opted for short-term debt funds might recover their money and can reinvest it. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,Equity market: Higher interest rates can also impact a company’s growth as cash flow dries up. Due to lowered expectation of growth from a company investors will expect lower stock price appreciation. If more companies see a fall in their stock prices, this can affect the equity market. Also Read | Explained: Impact of MPC meeting on stock market,Inflationary concerns: The projections indicate that inflation is expected to remain above the upper tolerance limit of 6% through the first three quarters of 2022-23, the MPC said. This signals further rate action from the RBI. Inflation is now projected at 6.7% in 2022-23, RBI Governor Shaktikanta Das said.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,Monetary Policy Committee,the Bank Rate,RBI,Shaktikanta Das,RBI Repo rate, Repo rate, Stock market,RBI policy panel, RBI repo rate hike impact,repo rate hike impact on loans,Rbi rate hike impact on inflation, RBI monetary policy","originalPublishedOn":"2022-06-08T14:42:09.626911+00:00"}},{"node":{"id":"hD8O4r6jkpFS","slug":"english/how-inflation-affects-rbis-interest-rate-policy","title":"How inflation affects RBI’s interest rate policy","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ajGKWZewU.jpg","coverCaption":"Interest rates will be raised later this year if concerns persist and there are no major shocks to the economy. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 2.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-06-08T11:29:35.513069+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMPC is expected to modify its rate stance to 'neutral' in June\u003c/li\u003e\n \u003cli\u003eThe inflation forecast for FY23 was lifted from 4.5% to 5.7% recently\u003c/li\u003e\n \u003cli\u003eInflation that remains consistently high is quite concerning\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":2,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654687774428,\\\"strCount\\\":4145,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Over the last few months, \u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003einflation\u003c/a\u003e has been a serious concern. The March CPI inflation rate was 6.95%, which was a 17-month high. The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e has been keeping an eye on inflation as well.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Its surprise statement, released yesterday, indicated a shift in focus away from boosting the economy and toward managing inflation risks.\u0026nbsp;\\\\n\\\\nThe benchmark\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/what-rbis-unchanged-interest-rates-mean-for-indias-covid-hit-economy\\\\\\\"\u003einterest rate\u003c/a\u003e\u0026nbsp;will be hiked by 40 basis points to 4.40% in an unscheduled policy review with a view to\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/explained-how-bitcoin-price-and-inflation-are-co-related\\\\\\\"\u003econtain inflation in the country\u003c/a\u003e.\u0026nbsp;India's cash reserve ratio (CRR) was spiked by 50 basis points and will be at 4.5% starting May 21, 2022. \u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-why-has-rbi-shifted-to-a-less-accommodative-policy\\\\\\\"\u003eExplained: Why has RBI shifted to a ‘less accommodative’ policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbimonetarypolicy\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e is expected to modify its rate stance to 'neutral' in June, followed by a hike in the key policy rate (repo), the rate at which the central bank lends short-term loans to banks, according to most economists.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/united-kingdoms-inflation-rate-rises-at-highest-pace-in-three-decades\\\\\\\"\u003eUnited Kingdom's inflation rate rises at highest pace in three decades\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The inflation forecast for FY23 was lifted from 4.5% to 5.7% in the most recent policy review, indicating that inflation worries cannot be ignored by the rate-setting panel in the pursuit of growth.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/chinas-q1-gdp-grows-48-year-on-year-beating-expectations\\\\\\\"\u003eChina's Q1 GDP grows 4.8% year on year, beating expectations\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"At a press conference following the policy announcement last month, \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e Governor Shaktikanta Das agreed that the MPC's top focus right now is inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We have now put inflation before growth in the sequence of priorities,” he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-indias-new-crypto-tax-impacts-investors\\\\\\\"\u003eHow India's new crypto tax impacts investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rate of inflation in April and May will be critical. Interest rates will be raised later this year if concerns persist and there are no major shocks to the economy.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation that remains consistently high is quite concerning in an economy since it disproportionately affects low-income individuals.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/sugar-stocks-rush-why-indian-investors-are-high-on-ethanol\\\\\\\"\u003eSugar stocks rush: Why Indian investors are high on ethanol\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In other words, rising inflation robs the poor of the benefits of economic recovery. As a result, policymakers can no longer ignore persistently rising prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-crypto-donations-are-skyrocketing-worldwide-explained\\\\\\\"\u003eWhy crypto donations are skyrocketing worldwide: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Accounting for the available high-frequency prices and today’s data, we are now tracking April CPI at around 7.1% on-year, which will continue to keep the inflationary concerns intact in the RBI’s mind, going into the June policy meeting,” according to the Barclays note.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates\\\\\\\"\u003eRBI keeps lending rates unchanged: What are repo and reverse repo rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To summarise, the RBI is currently up against the rising inflation.\u0026nbsp; That indicates the period of ultra-accommodative monetary policy is finished, and more rate hikes are on the way. The only question is when and how it will happen.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"CPI","slug":"cpi","id":"PGyZ0vgnVF4L"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"barclays","slug":"barclays","id":"aFml5jUIYuwc"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T11:29:34.084076+00:00","publisher":0,"sourceFeed":null,"cleanText":"Over the last few months, inflation has been a serious concern. The March CPI inflation rate was 6.95%, which was a 17-month high. The Reserve Bank of India has been keeping an eye on inflation as well. ,Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,Its surprise statement, released yesterday, indicated a shift in focus away from boosting the economy and toward managing inflation risks. The benchmark interest rate will be hiked by 40 basis points to 4.40% in an unscheduled policy review with a view to contain inflation in the country. India's cash reserve ratio (CRR) was spiked by 50 basis points and will be at 4.5% starting May 21, 2022. ,Also Read| Explained: Why has RBI shifted to a ‘less accommodative’ policy,The Monetary Policy Committee (MPC) is expected to modify its rate stance to 'neutral' in June, followed by a hike in the key policy rate (repo), the rate at which the central bank lends short-term loans to banks, according to most economists. ,Also Read| United Kingdom's inflation rate rises at highest pace in three decades,The inflation forecast for FY23 was lifted from 4.5% to 5.7% in the most recent policy review, indicating that inflation worries cannot be ignored by the rate-setting panel in the pursuit of growth. ,Also Read| China's Q1 GDP grows 4.8% year on year, beating expectations,At a press conference following the policy announcement last month, RBI Governor Shaktikanta Das agreed that the MPC's top focus right now is inflation. “We have now put inflation before growth in the sequence of priorities,” he said. Also Read| How India's new crypto tax impacts investors,The rate of inflation in April and May will be critical. Interest rates will be raised later this year if concerns persist and there are no major shocks to the economy. ,Inflation that remains consistently high is quite concerning in an economy since it disproportionately affects low-income individuals. ,Also Read| Sugar stocks rush: Why Indian investors are high on ethanol,In other words, rising inflation robs the poor of the benefits of economic recovery. As a result, policymakers can no longer ignore persistently rising prices. Also Read| Why crypto donations are skyrocketing worldwide: Explained,“Accounting for the available high-frequency prices and today’s data, we are now tracking April CPI at around 7.1% on-year, which will continue to keep the inflationary concerns intact in the RBI’s mind, going into the June policy meeting,” according to the Barclays note. Also Read| RBI keeps lending rates unchanged: What are repo and reverse repo rates?,To summarise, the RBI is currently up against the rising inflation. That indicates the period of ultra-accommodative monetary policy is finished, and more rate hikes are on the way. The only question is when and how it will happen.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,The Reserve Bank of India,MPC,Barclays,Shaktikanta Das","originalPublishedOn":"2022-04-19T08:30:14.621111+00:00"}},{"node":{"id":"p9CM6QBUGQec","slug":"english/rbi-mpc-meet-key-points-from-governor-shaktikanta-das-press-conference","title":"RBI MPC meet: Key points from Governor Shaktikanta Das' press conference","postType":1,"coverMedia":"/opoyi_vRbOJDD7T.jpg","coverCaption":"\"We remain committed towards bringing down inflation,\" said Governor Das (Photo credit: PTI)","reactionStats":"{\"sad_count\": 0, \"like_count\": 2.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-06-08T08:43:13.344600+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI MPC unanimously hiked the repo rate by 50 basis points to 4.90%\u003c/li\u003e\n \u003cli\u003eGovernor Das said, \"We have revised our projection for inflation at 6.7% for this year\u003c/li\u003e\n \u003cli\u003eLinking credit cards to UPIs gives customers a greater choice\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":2,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654677791230,\\\"strCount\\\":4328,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India’s Monetary Policy Committee, led by \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e Governor Shaktikanta Das, unanimously hiked the \u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003erepo rate\u003c/a\u003e by 50 basis points to 4.90%. The latest policy rate hike follows the central bank’s announcement of a \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003e40 basis point increase\u003c/a\u003e in the repo rate in off-cycle policy action in May. The monetary policy committee's decision was unanimous and it has decided to keep the stance of \\\\\\\"withdrawal from accommodative\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech\\\\\\\"\u003eRBI MPC meet: 10 highlights from Shaktikanta Das' speech\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. The decisions are following the objective of achieving the medium-term target for consumer price index (CPI) \u003ca href=\\\\\\\"https://opoyi.com/english/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april\\\\\\\"\u003einflation\u003c/a\u003e of 4% with a margin of 2% on either side while supporting growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are the top highlights of RBI Governor Shaktikanta Das’ press conference:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"1. \\\\\\\"RBI cannot give any forward guidance in such a volatile situation,\\\\\\\"\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"2. Talking about inflation, Das said, \\\\\\\"We have revised our projection for inflation at 6.7% for this year. Around 75% of the increase in inflation projections can be attributed to food inflation\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6\\\\\\\"\u003eRBI MPC meet: Central bank raises inflation projections above 6%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"3. \\\\\\\"We remain committed towards bringing down inflation. We believe our action will help in bringing down inflation and inflation expectations. Future rate actions will depend on evolving conditions. The target of 4% does remain\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"4. Das said, \\\\\\\"We do not want to take any abrupt, rough action that will be detrimental for inflation and markets of to the credit. We are focussed on withdrawal of accommodation but still below the pre-pandemic level.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"5. \\\\\\\"Liquidity withdrawal will be calibrated and measured in future, and we will ensure that adequate liquidity remains available to meet banks' requirements. If the liquidity runs into a very heavy deficit, a repo window is always available. That can be used by the system\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"6. On interest on bank deposits, Das said, “Going forward we do expect the rate hikes to get transmitted also to the liability side, namely in the deposit rates.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"7. \\\\\\\"Indian economy continues to be resilient, is well placed to deal with challenges emanating from global issues.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"8. \\\\\\\"Normal capital inflows will help manage current account deficit; gap will remain at sustainable levels.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"9. On cryptocurrency, Das said, “there is constant engagement between the RBI and the government. We have given our views to the government. Let us wait for the consultation paper to come out.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"10. \\\\\\\"Linking credit cards to \u003ca href=\\\\\\\"https://opoyi.com/english/upi-transactions-cross-rs-10-lakh-crore-milestone-in-may\\\\\\\"\u003eUPIs\u003c/a\u003e gives customers a greater choice of the payments, though the pricing aspect needs to be worked out,\\\\\\\" said Deputy Governor Rabi T Shankar.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"11. On tokenisation, Deputy Governor Shankar said, “The progress (on tokenisation) has been satisfactory and about 16 crore tokens have already been issued.”\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"Banking","slug":"banking","id":"LjkF3MF2IZGY"},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T08:43:12.133780+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India’s Monetary Policy Committee, led by RBI Governor Shaktikanta Das, unanimously hiked the repo rate by 50 basis points to 4.90%. The latest policy rate hike follows the central bank’s announcement of a 40 basis point increase in the repo rate in off-cycle policy action in May. The monetary policy committee's decision was unanimous and it has decided to keep the stance of withdrawal from accommodative. Also Read | RBI MPC meet: 10 highlights from Shaktikanta Das' speech,Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. The decisions are following the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% with a margin of 2% on either side while supporting growth. Also Read | How inflation affects RBI’s interest rate policy,Here are the top highlights of RBI Governor Shaktikanta Das’ press conference:,1. RBI cannot give any forward guidance in such a volatile situation, ,2. Talking about inflation, Das said, We have revised our projection for inflation at 6.7% for this year. Around 75% of the increase in inflation projections can be attributed to food inflation. Also Read | RBI MPC meet: Central bank raises inflation projections above 6%,3. We remain committed towards bringing down inflation. We believe our action will help in bringing down inflation and inflation expectations. Future rate actions will depend on evolving conditions. The target of 4% does remain. 4. Das said, We do not want to take any abrupt, rough action that will be detrimental for inflation and markets of to the credit. We are focussed on withdrawal of accommodation but still below the pre-pandemic level. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,5. Liquidity withdrawal will be calibrated and measured in future, and we will ensure that adequate liquidity remains available to meet banks' requirements. If the liquidity runs into a very heavy deficit, a repo window is always available. That can be used by the system. 6. On interest on bank deposits, Das said, “Going forward we do expect the rate hikes to get transmitted also to the liability side, namely in the deposit rates.”,Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,7. Indian economy continues to be resilient, is well placed to deal with challenges emanating from global issues. 8. Normal capital inflows will help manage current account deficit; gap will remain at sustainable levels. 9. On cryptocurrency, Das said, “there is constant engagement between the RBI and the government. We have given our views to the government. Let us wait for the consultation paper to come out. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,10. Linking credit cards to UPIs gives customers a greater choice of the payments, though the pricing aspect needs to be worked out, said Deputy Governor Rabi T Shankar. 11. On tokenisation, Deputy Governor Shankar said, “The progress (on tokenisation) has been satisfactory and about 16 crore tokens have already been issued.”","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Das,Shaktikanta Das,The Reserve Bank of India,Monetary Policy Committee,RBI,SDF,the Bank Rate,Rabi T Shankar,RBI press conference, RBI press meet, RBI ,Repo rate,RBI inflation projection,RBI Governor,RBI MPC June","originalPublishedOn":"2022-06-08T08:43:12.133770+00:00"}},{"node":{"id":"1UITGsxvTctc","slug":"english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6","title":"RBI MPC meet: Central bank raises inflation projections above 6%","postType":1,"coverMedia":"/opoyi_pJUtx7l6z.jpg","coverCaption":"The surge in headline inflation is seen across categories. (Photo credit : twitter.com/RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T07:23:18.495728+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation is projected at 6.7% for the current fiscal year\u003c/li\u003e\n \u003cli\u003eIn Q1 inflation is expected to be at 7.5% while 7.4% in Q2\u003c/li\u003e\n \u003cli\u003eIn Q3 inflation is seen at 6.2% before falling to 5.8% in Q4\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654672998194,\\\"strCount\\\":2835,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eInflation\u003c/a\u003e is projected at 6.7% for the current fiscal year. RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e said\u0026nbsp;that inflation is expected to be at 7.5% in Q1, 7.4% in Q2, 6.2% in Q3 and 5.8% in Q4. Three-fourths of the increase in inflation is attributed to the food group.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The surge in headline inflation is seen across categories. The global geopolitical situation remains fluid and commodity markets are on edge, rendering heightened uncertainties to domestic conditions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Upside risks to inflation remain due to commodity price hikes globally, elevated crude prices, and poultry feed and tomato prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the \u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. RBI will continue to be proactive and decisive in mitigating the fallout of the \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-central-board-discusses-impact-of-geopolitical-crises-on-indian-economy\\\\\\\"\u003egeopolitical crises\u003c/a\u003e on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"'The ongoing war is turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-highlights\\\\\\\"\u003eRepo rate\u003c/a\u003e remains below its pre-pandemic level. Inflation is likely to remain above the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Information for April-May suggests \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-governor-exhorts-banks-to-continue-process-of-capital-argumentation\\\\\\\"\u003edomestic economic recovery\u003c/a\u003e is firm.\u0026nbsp;Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das said. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T06:53:28.442260+00:00","publisher":0,"sourceFeed":null,"cleanText":"Inflation is projected at 6.7% for the current fiscal year. RBI Governor Shaktikanta Das said that inflation is expected to be at 7.5% in Q1, 7.4% in Q2, 6.2% in Q3 and 5.8% in Q4. Three-fourths of the increase in inflation is attributed to the food group. The surge in headline inflation is seen across categories. The global geopolitical situation remains fluid and commodity markets are on edge, rendering heightened uncertainties to domestic conditions. Also read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,Upside risks to inflation remain due to commodity price hikes globally, elevated crude prices, and poultry feed and tomato prices. Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,'The ongoing war is turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain above the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,Information for April-May suggests domestic economic recovery is firm. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das said.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Indian,Das,rbi inflation","originalPublishedOn":"2022-06-08T05:02:03.021061+00:00"}},{"node":{"id":"epyTPnxqsLOs","slug":"english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72","title":"RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"RBI Governor Das said that the MPC believes inflation is likely to remain above the 6% tolerance band for at least the first three quarters of this fiscal year. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T07:36:13.852827+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGDP growth for Q1 is expected at 16.2%, for Q2 at 6.2%, Q3 at 4.1% and Q4 at 4%\u003c/li\u003e\n \u003cli\u003eRBI decided to hike the Policy Repo Rate by 50 basis points to 4.9%\u003c/li\u003e\n \u003cli\u003eRBI will remain focused on bringing down inflation within the target\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654673773522,\\\"strCount\\\":3342,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Announcing the bi-monthly review of monetary policy, RBI governor Shaktikanta Das said the projection for GDP growth in 2022-2023 is retained at 7.2%. GDP growth in Q1 is expected at 16.2%, in Q2 at 6.2%, in Q3 at 4.1% and in Q4 at 4%, he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Reserve Bank of India’s \u003ca href=\\\\\\\"https://opoyi.com/english/indian-origin-academic-appointed-to-bank-of-englands-monetary-panel\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e decided to hike the policy \u003ca href=\\\\\\\"https://opoyi.com/english/what-is-repo-rate\\\\\\\"\u003eRepo Rate\u003c/a\u003e by 50 basis points to 4.9% in its June meeting. RBI Governor Das said MPC members voted unanimously to hike rates and to continue the withdrawal of \u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eaccommodative stance\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das\\\\\\\"\u003eKey announcements from RBI Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rebound in contact-intensive activities in urban areas rebounded, Das said. Business sentiments have remained high, according to early estimates, however, the global supply chain crisis remains a risk, he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He said the MPC believes inflation is likely to remain above the 6% tolerance band for at least the first three quarters of the fiscal year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das said RBI will remain focused on bringing down inflation within the target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e\u0026nbsp;economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-is-repo-rate\\\\\\\"\u003eRepo rate\u003c/a\u003e\u0026nbsp;remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das said.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T06:31:41.989396+00:00","publisher":0,"sourceFeed":null,"cleanText":"Announcing the bi-monthly review of monetary policy, RBI governor Shaktikanta Das said the projection for GDP growth in 2022-2023 is retained at 7.2%. GDP growth in Q1 is expected at 16.2%, in Q2 at 6.2%, in Q3 at 4.1% and in Q4 at 4%, he added. Reserve Bank of India’s Monetary Policy Committee (MPC) decided to hike the policy Repo Rate by 50 basis points to 4.9% in its June meeting. RBI Governor Das said MPC members voted unanimously to hike rates and to continue the withdrawal of accommodative stance. Also Read: Key announcements from RBI Governor Shaktikanta Das,The rebound in contact-intensive activities in urban areas rebounded, Das said. Business sentiments have remained high, according to early estimates, however, the global supply chain crisis remains a risk, he added. He said the MPC believes inflation is likely to remain above the 6% tolerance band for at least the first three quarters of the fiscal year. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,RBI Governor Shaktikanta Das said RBI will remain focused on bringing down inflation within the target. Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. ,Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. ,Also Read | Explained: Changes in repo rates and their impact on stock market,Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das said.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Das,RBI,Shaktikanta Das,Reserve Bank of India,Monetary Policy Committee,the Policy Repo Rate,Indian","originalPublishedOn":"2022-06-08T05:11:44.308349+00:00"}},{"node":{"id":"9eCvsmb6P3JB","slug":"english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate","title":"RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"The only approach to reduce home loan EMI or interest load is to keep repaying the outstanding loan amount. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T07:44:00.538409+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI raised the policy repo rate by 50 basis points\u003c/li\u003e\n \u003cli\u003eThe cost of financing for banks rises, when the repo rate rises\u003c/li\u003e\n \u003cli\u003eThe RBI repo rate rise has an immediate impact on retail loans like home loans\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654674240175,\\\"strCount\\\":2724,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e raised the policy repo rate by 50 basis points, during its June MPC meeting. Previously, the Monetary Policy Committee (MPC) convened its first meeting for the fiscal year 2022-23 in April 2022 and kept the policy repo rate at 4%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, in May 2022, the RBI surprised market participants by raising the policy rate from 4% to 4.4% after announcing a 0.4% hike. The policy rate is 4.90% as of June 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the repo rate rises, the cost of financing for banks rises. This is due to the repo rate, which is the interest rate at which banks borrow money from the RBI. As a result, once the RBI raises the repo rate, the borrowing costs for retail and other borrowers rise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many banks have already raised their lending rates, both for new and current customers, since the previous hike in May. Many NBFCs and housing financing providers have also raised their lending rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech\\\\\\\"\u003eRBI MPC meet: 10 highlights from Shaktikanta Das' speech\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI repo rate rise has an immediate impact on retail loans like home loans, which are tied to the bank's external benchmark. Because most banks have tied their lending rates to the RBI repo rate, the impact on borrowers is immediate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the repo rate rises, so do the bank's repo rate linked lending rate (RLLR). This indicates that the borrower's home loan interest rate will rise. In fact, banks usually raise the loan duration rather than increase the EMI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-proposes-linking-credit-cards-to-upi-payments\\\\\\\"\u003eRBI MPC meet: Central bank proposes linking credit cards to UPI payments\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In contrast, MCLR loan customers may not notice the immediate impact of a repo rate increase. Even if the increase in the RBI repo rate raises the cost of funds for banks, they may only adjust the EMI or Tenure when the re-set date occurs. The re-set date of MCLR linked loans is typically 12 months, while some banks may set it at 6-month intervals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In general, the interest rate on a flexible home loan will fluctuate. The only approach to reduce home loan EMI or interest load is to keep repaying the outstanding loan amount. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T06:29:41.592095+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) raised the policy repo rate by 50 basis points, during its June MPC meeting. Previously, the Monetary Policy Committee (MPC) convened its first meeting for the fiscal year 2022-23 in April 2022 and kept the policy repo rate at 4%. Also Read| RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,However, in May 2022, the RBI surprised market participants by raising the policy rate from 4% to 4.4% after announcing a 0.4% hike. The policy rate is 4.90% as of June 2022. When the repo rate rises, the cost of financing for banks rises. This is due to the repo rate, which is the interest rate at which banks borrow money from the RBI. As a result, once the RBI raises the repo rate, the borrowing costs for retail and other borrowers rise. Also Read| RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,Many banks have already raised their lending rates, both for new and current customers, since the previous hike in May. Many NBFCs and housing financing providers have also raised their lending rates. Also Read| RBI MPC meet: 10 highlights from Shaktikanta Das' speech,The RBI repo rate rise has an immediate impact on retail loans like home loans, which are tied to the bank's external benchmark. Because most banks have tied their lending rates to the RBI repo rate, the impact on borrowers is immediate. When the repo rate rises, so do the bank's repo rate linked lending rate (RLLR). This indicates that the borrower's home loan interest rate will rise. In fact, banks usually raise the loan duration rather than increase the EMI. Also Read| RBI MPC meet: Central bank proposes linking credit cards to UPI payments,In contrast, MCLR loan customers may not notice the immediate impact of a repo rate increase. Even if the increase in the RBI repo rate raises the cost of funds for banks, they may only adjust the EMI or Tenure when the re-set date occurs. The re-set date of MCLR linked loans is typically 12 months, while some banks may set it at 6-month intervals. In general, the interest rate on a flexible home loan will fluctuate. The only approach to reduce home loan EMI or interest load is to keep repaying the outstanding loan amount.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"MCLR,The Reserve Bank of India,the Monetary Policy Committee,EMI","originalPublishedOn":"2022-06-08T06:29:41.592087+00:00"}},{"node":{"id":"huMvXKQt1WzQ","slug":"english/explained-changes-in-repo-rates-and-their-impact-on-stock-market","title":"Explained: Changes in repo rates and their impact on stock market","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ajGKWZewU.jpg","coverCaption":"The link between the stock market and interest rates is inverse. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 1.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-06-08T06:03:12.128878+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI hiked the key interest rate by 50 bps to 4.90% to contain inflation\u003c/li\u003e\n \u003cli\u003eRBI has decided to keep stance withdrawal from accommodative\u003c/li\u003e\n \u003cli\u003eInvestors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day in May\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":1,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654668191918,\\\"strCount\\\":3821,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das on June 8 announced that the central bank has raised key rates by 50 bps to 4.90%. MPC vote was unanimous and has decided to keep stance withdrawal from accommodative.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e unexpectedly \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003ehiked the key interest rate by 40 basis points\u003c/a\u003e\u0026nbsp;in May to contain inflation, which has stayed persistently over goal in recent months. The announcement caused market indexes to fall substantially, with the BSE \u003ca href=\\\\\\\"https://opoyi.com/english/sensex-nifty-crash-over-2-after-rbis-surprise-rate-hike\\\\\\\"\u003eSensex falling more than 1,400 points\u003c/a\u003e in intraday trade to settle at 55,669.03. While the NSE Nifty finished below 16,700 following a 391-point loss.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das\\\\\\\"\u003eKey announcements from RBI Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day, showing that investors were caught off guard by the RBI's unexpected move in May. However, the potential of the same was in the cards, but not so soon. Another unexpected issue was the continuation of the accommodative stance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity\\\\\\\"\u003eRBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The hike in the repo rate, which is the rate at which the RBI lends to commercial banks, from a record low of 4% to 4.40% is the first since August 2018, as well as the first time the RBI governor-led monetary policy committee (MPC) has held an unscheduled meeting to raise interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/lic-ipo-live-updates-largest-public-issue-opens-for-subscription\\\\\\\"\u003eLIC IPO live updates: Largest public issue opens for subscription\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The link between the stock market and interest rates is inverse. When the central bank raises the repo rate, the stock market reacts immediately. This implies that a rise in the repo rate causes companies to scale back on expansion investment, resulting in a drop in growth and an impact on earnings and future cash flows, culminating in a drop in equity prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-thursday-may-5-2022\\\\\\\"\u003eGold, silver and other metal prices on Thursday, May 5, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets will eventually crash if more companies follow suit. In simple terms, an increase in interest rates leads to an increase in savings and a decrease in the flow of money into the economy, resulting in a stock market downturn.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Furthermore, the impact of a lower repo rate does not affect all sectors in the same way. Capital-intensive sectors such as capital goods, infrastructure, and so on, for example, are more exposed to these changes due to large capital or debt on these companies' books. While equities in sectors such as information technology (IT) and fast-moving consumer goods (FMCG) tend to be less affected.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings\\\\\\\"\u003eRBI MPC meeting: Here's an overview of the last 8 meetings\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"By altering the repo rate, the RBI balances inflation risk and economic growth. The repo rate is one of the tools at the central bank's disposal for controlling the money supply. Stock markets respond strongly to any indication of such changes.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6"},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ"},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T06:03:10.266657+00:00","publisher":0,"sourceFeed":null,"cleanText":"RBI Governor Shaktikanta Das on June 8 announced that the central bank has raised key rates by 50 bps to 4.90%. MPC vote was unanimous and has decided to keep stance withdrawal from accommodative. ,The Reserve Bank of India (RBI) unexpectedly hiked the key interest rate by 40 basis points in May to contain inflation, which has stayed persistently over goal in recent months. The announcement caused market indexes to fall substantially, with the BSE Sensex falling more than 1,400 points in intraday trade to settle at 55,669.03. While the NSE Nifty finished below 16,700 following a 391-point loss. Also Read| Key announcements from RBI Governor Shaktikanta Das,Investors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day, showing that investors were caught off guard by the RBI's unexpected move in May. However, the potential of the same was in the cards, but not so soon. Another unexpected issue was the continuation of the accommodative stance. Also Read| RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity,The hike in the repo rate, which is the rate at which the RBI lends to commercial banks, from a record low of 4% to 4.40% is the first since August 2018, as well as the first time the RBI governor-led monetary policy committee (MPC) has held an unscheduled meeting to raise interest rates. Also Read| LIC IPO live updates: Largest public issue opens for subscription,The link between the stock market and interest rates is inverse. When the central bank raises the repo rate, the stock market reacts immediately. This implies that a rise in the repo rate causes companies to scale back on expansion investment, resulting in a drop in growth and an impact on earnings and future cash flows, culminating in a drop in equity prices. Also Read| Gold, silver and other metal prices on Thursday, May 5, 2022,Markets will eventually crash if more companies follow suit. In simple terms, an increase in interest rates leads to an increase in savings and a decrease in the flow of money into the economy, resulting in a stock market downturn. Also Read| Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,Furthermore, the impact of a lower repo rate does not affect all sectors in the same way. Capital-intensive sectors such as capital goods, infrastructure, and so on, for example, are more exposed to these changes due to large capital or debt on these companies' books. While equities in sectors such as information technology (IT) and fast-moving consumer goods (FMCG) tend to be less affected. Also Read| RBI MPC meeting: Here's an overview of the last 8 meetings,By altering the repo rate, the RBI balances inflation risk and economic growth. The repo rate is one of the tools at the central bank's disposal for controlling the money supply. Stock markets respond strongly to any indication of such changes.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,The Reserve Bank of India,CRR,Nasdaq,Russell,Havells,ATGL","originalPublishedOn":"2022-05-05T08:15:00+00:00"}},{"node":{"id":"HbisWHRTZ6fB","slug":"english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance","title":"Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_BgyLSxefC.jpg","coverCaption":"Reserve Bank of India (RBI) has maintained an accommodative approach in order to sustain the economy through the COVID-19 crisis. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T05:59:51.540727+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI's accommodative stance indicates that it is willing to cut interest rates\u003c/li\u003e\n \u003cli\u003eA neutral stance implies that it can either cut or hike interest rates\u003c/li\u003e\n \u003cli\u003eA hawkish stance indicates that central bank is willing to hike interest rates\u0026nbsp;\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654667991239,\\\"strCount\\\":2839,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India's\u003c/a\u003e policy language is difficult to decipher and has a significant impact on financial markets. It gives vital hints about the central bank's policy thinking.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbimonetarypolicy\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e has finally moved past its extreme accommodative stance, per the latest policy announcement and following remarks by Governor Shaktikanta Das. Let's go through the fundamentals of the RBI's stances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-why-has-rbi-shifted-to-a-less-accommodative-policy\\\\\\\"\u003eExplained: Why has RBI shifted to a ‘less accommodative’ policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAccommodative Stance\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank's accommodative stance indicates that it is willing to increase the money supply in order to stimulate economic growth. During an accommodative policy phase, the central bank is willing to lower interest rates. The possibility of a rate hike has been ruled out. For the past two years, the Reserve Bank of India (RBI) has maintained an accommodative approach in order to sustain the economy through the COVID-19 crisis. When growth requires policy support but inflation is not an immediate worry, the central bank normally adopts an accommodative policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-committee-keeps-repo-rate-unchanged-at-4\\\\\\\"\u003eRBI Monetary Policy Committee keeps repo rate unchanged at 4%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eNeutral Stance\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank's 'neutral stance' implies that it can either cut or raise interest rates. When the policy priority is equal to both inflation and growth, this approach is often taken. During a neutral policy, the central bank does not commit to raising or lowering interest rates. Depending on the incoming data, the interest rate can fluctuate on either side. The market can expect rate action in any direction at any time, as per the guidance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-10-year-bond-yield-surpasses-7-for-the-first-time-since-2019\\\\\\\"\u003eRBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHawkish Stance\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A hawkish stance indicates that keeping inflation low is the central bank's top priority. During this time, the central bank is willing to raise interest rates in order to limit demand by curbing the money supply. A tight monetary policy is also associated with a hawkish stance. During this time, a rate cut is almost inevitable. When the central bank raises interest rates or tightens monetary policy, banks raise interest rates on loans to end borrowers, reducing demand in the financial sector.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"COVID-19","slug":"covid-19","id":"n7LbS0cOrV8P"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T05:59:47.482257+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India's policy language is difficult to decipher and has a significant impact on financial markets. It gives vital hints about the central bank's policy thinking. Also Read| How inflation affects RBI’s interest rate policy,The Monetary Policy Committee (MPC) has finally moved past its extreme accommodative stance, per the latest policy announcement and following remarks by Governor Shaktikanta Das. Let's go through the fundamentals of the RBI's stances. Also Read| Explained: Why has RBI shifted to a ‘less accommodative’ policy,Accommodative Stance,The central bank's accommodative stance indicates that it is willing to increase the money supply in order to stimulate economic growth. During an accommodative policy phase, the central bank is willing to lower interest rates. The possibility of a rate hike has been ruled out. For the past two years, the Reserve Bank of India (RBI) has maintained an accommodative approach in order to sustain the economy through the COVID-19 crisis. When growth requires policy support but inflation is not an immediate worry, the central bank normally adopts an accommodative policy. Also Read| RBI Monetary Policy Committee keeps repo rate unchanged at 4%,Neutral Stance,The central bank's 'neutral stance' implies that it can either cut or raise interest rates. When the policy priority is equal to both inflation and growth, this approach is often taken. During a neutral policy, the central bank does not commit to raising or lowering interest rates. Depending on the incoming data, the interest rate can fluctuate on either side. The market can expect rate action in any direction at any time, as per the guidance. Also Read| RBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019,Hawkish Stance,A hawkish stance indicates that keeping inflation low is the central bank's top priority. During this time, the central bank is willing to raise interest rates in order to limit demand by curbing the money supply. A tight monetary policy is also associated with a hawkish stance. During this time, a rate cut is almost inevitable. When the central bank raises interest rates or tightens monetary policy, banks raise interest rates on loans to end borrowers, reducing demand in the financial sector.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,The Monetary Policy Committee,Shaktikanta Das,the Reserve Bank of India","originalPublishedOn":"2022-04-19T10:15:00+00:00"}},{"node":{"id":"wbP0nsjzdyKa","slug":"english/explained-impact-of-mpc-meeting-on-stock-market","title":"Explained: Impact of MPC meeting on stock market","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"Corporate earnings are still under strain, as sluggish demand makes it harder for manufacturers to carry the entire cost of increased inputs. (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 1.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-06-08T05:57:34.941102+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGDP growth rate for the fourth quarter of FY22 was 4.1%, higher than analyst expectations of 3.9%\u003c/li\u003e\n \u003cli\u003eEconomists anticipate a 50 basis point rate increase, raising the repo rate to 4.9%\u003c/li\u003e\n \u003cli\u003eGlobal interest rates are being hiked indicating that another rate hike is likely in June\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":1,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654667854693,\\\"strCount\\\":3867,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The GDP growth rate for the fourth quarter of FY22 was 4.1%, indicating that the economy has slowed. On the plus side, it was higher than analyst expectations of 3.9%, leading to a full-year growth of 8.7%, making \u003ca href=\\\\\\\"https://opoyi.com/topic/india\\\\\\\"\u003eIndia\u003c/a\u003e the world's fastest-growing major economy. However, the financial year's growth rate has dropped below the government's second advance estimate of 8.9%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result, the \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e will have its job cut out at the forthcoming MPC meeting. Global interest rates are being hiked, adding to the plethora of variables indicating that another rate hike is likely in June. Economists anticipate a 50 basis point rate increase, raising the repo rate to 4.9%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-designed-bitcoin-logo\\\\\\\"\u003eBitcoin logo: Who designed it, know its history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, rising interest rates would increase the government's interest cost as it spends to sustain economic recovery. This bolsters the case for Operation Twist, which involves hiking short-term interest rates to combat inflation while reducing long-term interest rates to promote growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-india-can-fight-ransomware-attacks\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Corporate earnings are still under strain, as sluggish demand makes it harder for manufacturers to carry the entire cost of increased inputs. As geopolitical tensions between \u003ca href=\\\\\\\"https://opoyi.com/topic/russia\\\\\\\"\u003eRussia\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topic/ukraine\\\\\\\"\u003eUkraine\u003c/a\u003e persist and Covid cases in \u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e continue, the view for input prices remains gloomy. Rising interest rates are projected to exacerbate the problem by increasing financing costs on the supply side while disincentivizing consumption on the demand side.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Export-driven sectors with high exposure to the United States and Europe may suffer if these nations boost interest rates while struggling with sluggish growth and record inflation. The \u003ca href=\\\\\\\"https://opoyi.com/topic/us\\\\\\\"\u003eUS\u003c/a\u003e economy is seeing significant job creation and consumption – the unemployment rate is at a 50-year low, and consumer spending increased by more than 3% year on year in the quarter ending March 2022 – even as the wider economy was driven down mostly by increased net imports.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As countries recover from the pandemic, there is the optimism of a\u0026nbsp; resurgence in demand coupled with the normalisation of contact-intensive sectors. Subsidies and tariff cuts from the government are intended to ease the effect of inflation while increasing rural demand. The \u003ca href=\\\\\\\"https://opoyi.com/topic/imd\\\\\\\"\u003eIMD\u003c/a\u003e predicts that timely and appropriate rainfall would help to stimulate rural demand.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-how-the-crypto-landscape-has-changed-in-india\\\\\\\"\u003eExplained: How the crypto landscape has changed in India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government's policies, such as its PLI initiatives, are anticipated to stimulate private capital spending, which will have a multiplier effect on economic recovery. While China's sluggish consumption is a barrier to demand, the China plus one strategy provides an opportunity for sectors such as chemicals, commodities, pharmaceuticals, and textiles.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"IMD","slug":"imd","id":"BEl8i6mqVTIW"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"US","slug":"us","id":"0JelBm6rMusZ"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T05:57:33.748352+00:00","publisher":0,"sourceFeed":null,"cleanText":"The GDP growth rate for the fourth quarter of FY22 was 4.1%, indicating that the economy has slowed. On the plus side, it was higher than analyst expectations of 3.9%, leading to a full-year growth of 8.7%, making India the world's fastest-growing major economy. However, the financial year's growth rate has dropped below the government's second advance estimate of 8.9%. Also Read| How US Fed rate hike impacts the Indian rupee,As a result, the RBI will have its job cut out at the forthcoming MPC meeting. Global interest rates are being hiked, adding to the plethora of variables indicating that another rate hike is likely in June. Economists anticipate a 50 basis point rate increase, raising the repo rate to 4.9%. Also Read| Bitcoin logo: Who designed it, know its history,However, rising interest rates would increase the government's interest cost as it spends to sustain economic recovery. This bolsters the case for Operation Twist, which involves hiking short-term interest rates to combat inflation while reducing long-term interest rates to promote growth. Also Read| How India can fight ransomware attacks,Corporate earnings are still under strain, as sluggish demand makes it harder for manufacturers to carry the entire cost of increased inputs. As geopolitical tensions between Russia and Ukraine persist and Covid cases in China continue, the view for input prices remains gloomy. Rising interest rates are projected to exacerbate the problem by increasing financing costs on the supply side while disincentivizing consumption on the demand side. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,Export-driven sectors with high exposure to the United States and Europe may suffer if these nations boost interest rates while struggling with sluggish growth and record inflation. The US economy is seeing significant job creation and consumption – the unemployment rate is at a 50-year low, and consumer spending increased by more than 3% year on year in the quarter ending March 2022 – even as the wider economy was driven down mostly by increased net imports. Also Read| Explained: Changes in repo rates and their impact on stock market,As countries recover from the pandemic, there is the optimism of a resurgence in demand coupled with the normalisation of contact-intensive sectors. Subsidies and tariff cuts from the government are intended to ease the effect of inflation while increasing rural demand. The IMD predicts that timely and appropriate rainfall would help to stimulate rural demand. Also Read| Explained: How the crypto landscape has changed in India,The government's policies, such as its PLI initiatives, are anticipated to stimulate private capital spending, which will have a multiplier effect on economic recovery. While China's sluggish consumption is a barrier to demand, the China plus one strategy provides an opportunity for sectors such as chemicals, commodities, pharmaceuticals, and textiles.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"China,FY22,India,RBI,Russia,Ukraine,the United States,US,IMD","originalPublishedOn":"2022-06-03T05:36:03.368030+00:00"}},{"node":{"id":"DdoLk06a9mIR","slug":"english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech","title":"RBI MPC meet: 10 highlights from Shaktikanta Das' speech","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The rates on the Standing Deposit Facility and the Marginal Standing Facility have been hiked by 50 basis points. (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T07:13:52.903705+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI unanimously hiked the repo rate by 50 basis points to 4.90%\u003c/li\u003e\n \u003cli\u003eIndia's foreign exchange reserves were $601.1 billion as of June 3\u003c/li\u003e\n \u003cli\u003eCredit cards may now be connected to UPI, beginning with RuPay credit cards\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654672432599,\\\"strCount\\\":3025,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India's \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6\\\\\\\"\u003eMonetary Policy\u003c/a\u003e Committee, led by RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/who-is-shaktikanta-das\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, unanimously hiked the repo rate by 50 basis points to 4.90%. The latest policy rate rise follows the central bank's announcement of a 40 basis point increase in the \u003ca href=\\\\\\\"https://opoyi.com/english/what-is-repo-rate\\\\\\\"\u003erepo rate\u003c/a\u003e in off-cycle policy action in May.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe following are the top ten highlights of RBI Governor Shaktikanta Das' speech:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"1. The rates on the Standing Deposit Facility and the Marginal Standing Facility have been hiked by 50 basis points. The rate on the Standing Deposit Facility is now 4.65%, while the rate on the Marginal Standing Facility is now 5.15%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"2. The MPC agreed unanimously to keep the focus on the withdrawal of accommodation in order to keep \u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003einflation\u003c/a\u003e within target in the future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"3.\u0026nbsp;GDP growth is expected to remain at 7.2% in FY23. For April-June, GDP growth is expected to be 16.2%, 6.2% from July to September, 4.1% from October to December and 4.0% from January to March.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"4. CPI inflation projection for FY23 increased to 6.7% from 5.7%, according to RBI Governor Shaktikanta Das. The RBI's inflation projection is based on a regular monsoon and a crude basket price of $105 per barrel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"5. The RBI will provide enough liquidity in the banking system while normalising pandemic-related steps.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"6. The RBI is keeping a tight watch on the government securities market. The central bank will take the appropriate measures as needed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"7. India's foreign exchange reserves were $601.1 billion as of June 3, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"8. Individual house loan limits set by urban and rural cooperative banks are being revised more than 100% higher to reflect the surge in housing values over the previous decade.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"9. To simplify transactions such as subscriptions, the cap on recurring e-payments has been increased from Rs 5,000 to Rs 15,000.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"10. Credit cards may now be connected to \u003ca href=\\\\\\\"https://opoyi.com/topic/upi\\\\\\\"\u003eUPI\u003c/a\u003e, beginning with RuPay credit cards.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T05:38:42.455141+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India's Monetary Policy Committee, led by RBI Governor Shaktikanta Das, unanimously hiked the repo rate by 50 basis points to 4.90%. The latest policy rate rise follows the central bank's announcement of a 40 basis point increase in the repo rate in off-cycle policy action in May. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,The following are the top ten highlights of RBI Governor Shaktikanta Das' speech:,1. The rates on the Standing Deposit Facility and the Marginal Standing Facility have been hiked by 50 basis points. The rate on the Standing Deposit Facility is now 4.65%, while the rate on the Marginal Standing Facility is now 5.15%. 2. The MPC agreed unanimously to keep the focus on the withdrawal of accommodation in order to keep inflation within target in the future. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,3. GDP growth is expected to remain at 7.2% in FY23. For April-June, GDP growth is expected to be 16.2%, 6.2% from July to September, 4.1% from October to December and 4.0% from January to March. 4. CPI inflation projection for FY23 increased to 6.7% from 5.7%, according to RBI Governor Shaktikanta Das. The RBI's inflation projection is based on a regular monsoon and a crude basket price of $105 per barrel. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,5. The RBI will provide enough liquidity in the banking system while normalising pandemic-related steps. 6. The RBI is keeping a tight watch on the government securities market. The central bank will take the appropriate measures as needed. 7. India's foreign exchange reserves were $601.1 billion as of June 3, 2022. 8. Individual house loan limits set by urban and rural cooperative banks are being revised more than 100% higher to reflect the surge in housing values over the previous decade. Also Read | Explained: Changes in repo rates and their impact on stock market,9. To simplify transactions such as subscriptions, the cap on recurring e-payments has been increased from Rs 5,000 to Rs 15,000. 10. Credit cards may now be connected to UPI, beginning with RuPay credit cards.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,Shaktikanta Das,the Standing Deposit Facility,the Marginal Standing Facility,The Reserve Bank of India,Monetary Policy Committee,Shaktikanta Das',India,UPI","originalPublishedOn":"2022-06-08T05:38:42.455133+00:00"}},{"node":{"id":"JZyMg3l6Mr8y","slug":"english/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490","title":"RBI MPC meet: Central bank hikes policy repo rate by 50 basis points to 4.90%","postType":1,"coverMedia":"/opoyi_mtL93NIfY.jpg","coverCaption":"Information for April-May suggests domestic economic recovery is firm. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T07:29:29.633076+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI Monetary Policy Committee raised key rates by 50 bps to 4.90%\u003c/li\u003e\n \u003cli\u003eMPC vote was unanimous and has decided to keep stance withdrawal from accommodative\u003c/li\u003e\n \u003cli\u003eThe ongoing war turning out to be a dampener on global trade and growth said RBI Governor\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654673369064,\\\"strCount\\\":2868,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech\\\\\\\"\u003eRBI\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/who-is-shaktikanta-das\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on June 8 announced that the central bank has raised the repo rate, at which banks borrow from the central bank, by 50 bps to 4.90%. The monetary policy committee's decision was unanimous and it has decided to keep the stance \\\\\\\"withdrawal from \u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eaccommodative\u003c/a\u003e\\\\\\\".\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65%\u0026nbsp;and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. These decisions are in accordance with the objective of achieving the medium-term target for consumer price index (CPI) \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6\\\\\\\"\u003einflation\u003c/a\u003e of 4%\u0026nbsp;with a margin of 2% on either side, while supporting growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the \u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"'The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The \u003ca href=\\\\\\\"https://opoyi.com/english/what-is-repo-rate\\\\\\\"\u003eRepo rate\u003c/a\u003e remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das said.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T04:51:51.497126+00:00","publisher":0,"sourceFeed":null,"cleanText":"RBI Governor Shaktikanta Das on June 8 announced that the central bank has raised the repo rate, at which banks borrow from the central bank, by 50 bps to 4.90%. The monetary policy committee's decision was unanimous and it has decided to keep the stance withdrawal from accommodative. ,Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. These decisions are in accordance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% with a margin of 2% on either side, while supporting growth. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,'The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. Also Read | Explained: Changes in repo rates and their impact on stock market,Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das said.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,Indian,Das","originalPublishedOn":"2022-06-08T04:51:51.497115+00:00"}},{"node":{"id":"G0IGycoJ7wVe","slug":"english/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings","title":"RBI MPC meet: Here's an overview of the last 8 meetings","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"Before May 2022, the last time the RBI changed the repo rate was on March 27, 2020 (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T04:37:30.691437+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI monetary policy committee on June 6 started its three-day deliberations\u003c/li\u003e\n \u003cli\u003eGovernor Das will announce the policy decision on Wednesday\u003c/li\u003e\n \u003cli\u003eIn the previous meeting, the RBI increased the repo rate by 40 basis points\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654663050460,\\\"strCount\\\":5042,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/recovery-getting-entrenched-and-broadening-despite-risks-rbi-annual-report\\\\\\\"\u003eReserve Bank\u003c/a\u003e of India’s (RBI) \u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003emonetary policy committee\u003c/a\u003e (MPC) on June 6 started its three-day deliberations amid expectations of another round of hikes in policy lending rates to contain inflation. The six-member committee, headed by \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/who-is-shaktikanta-das\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, will announce the policy decision on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI’s MPC meeting comes against the backdrop of \u003ca href=\\\\\\\"https://opoyi.com/english/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april\\\\\\\"\u003ehigh inflation\u003c/a\u003e and a challenging geopolitical scenario, including the Russia-Ukraine conflict. In the previous unscheduled meeting, which was held from May 2 to May 4, the RBI increased the repo rate by 40 basis points (bps). The cash reserve ratio was also increased by 50 bps to bring it to 4.50%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Before May 2022, the last time the RBI changed the repo rate was on March 27, 2020, during the first wave of the COVID-19 pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the highly anticipated meeting heads to a conclusion, here is an overview of what happened in the last eight MPC meetings:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMay 2- May 4, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 35th off-cycle MPC meeting commenced from May 2 to May 4. Governor Shaktikanta Das announced a \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003e40 basis points hike\u003c/a\u003e in the policy \u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003erepo rate\u003c/a\u003e to 4.40%. The rate hike was announced to ensure that inflation stays within the RBI tolerance level as well as to support growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/liquidity-tightening-expected-with-rbi-rate-hike-on-june-8\\\\\\\"\u003eLiquidity tightening expected with RBI rate hike on June 8\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eApril 6- April 8, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The first MPC meeting for fiscal 2022-23 was held from April 6 to April 8. During the 34th meet, the MPC kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0%. The committee also maintained an accommodative stance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFebruary 8- February 10, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 33rd MPC meeting was held from February 8 to February 10. The rate-setting panel reviewed surveys conducted by the RBI to measure consumer confidence. While maintaining its \u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eaccommodative stance\u003c/a\u003e, the MPC announced that the policy repo rate would remain unchanged at 4.0%. The reverse repo rate also remained the same at 3.35%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/week-ahead-rbi-policy-global-indications-to-weigh-on-sensex-nifty\\\\\\\"\u003eWeek ahead: RBI policy, global indications to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDecember 6 - December 8, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a meeting held from December 6 to December 8, 2021, the rate-setting panel discussed the macroeconomic projections of RBI staff. Based on evaluation and assessment, the committee decided to keep the policy repo rate unchanged at 4.0%. The \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates\\\\\\\"\u003ereverse repo rate\u003c/a\u003e also remained unchanged and the bank rate was kept unaltered at 4.25%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eOctober 6 - October 8, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC kept the policy repo rate unchanged at 4.00% while maintaining its accommodative stance to mitigate the impact of Covid-19 on the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/walmart-heir-rob-walton-could-buy-denver-broncos-for-45-billion-report\\\\\\\"\u003eWalmart heir Rob Walton could buy Denver Broncos for $4.5 billion: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAugust 4 - August 6, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the 30th MPC meeting, the Reserve Bank of India's rate-setting panel announced that the policy repo rate would remain unchanged at 4.0%, along with the Bank Rate at 4.25%. The decision was announced to ensure that inflation remained within target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eJune 2- June 4, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC kept the repo rate unchanged at 4.00% and the marginal standing facility rate was also unchanged at 4.25%. The MPC said it would achieve its medium-term target for the Consumer Price Index (CPI).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eApril 5- April 7, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC decided to keep the repo rate unchanged at 4.0% in the 28th meeting. The reverse repo rate was also unchanged at 3.35%. The objective of keeping the repo rate unchanged was to ensure economic growth amid the backdrop of the COVID-19 pandemic.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB"},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T04:37:28.909054+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on June 6 started its three-day deliberations amid expectations of another round of hikes in policy lending rates to contain inflation. The six-member committee, headed by RBI Governor Shaktikanta Das, will announce the policy decision on Wednesday. The RBI’s MPC meeting comes against the backdrop of high inflation and a challenging geopolitical scenario, including the Russia-Ukraine conflict. In the previous unscheduled meeting, which was held from May 2 to May 4, the RBI increased the repo rate by 40 basis points (bps). The cash reserve ratio was also increased by 50 bps to bring it to 4.50%. Also Read | Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,Before May 2022, the last time the RBI changed the repo rate was on March 27, 2020, during the first wave of the COVID-19 pandemic. As the highly anticipated meeting heads to a conclusion, here is an overview of what happened in the last eight MPC meetings:,May 2- May 4, 2022,The 35th off-cycle MPC meeting commenced from May 2 to May 4. Governor Shaktikanta Das announced a 40 basis points hike in the policy repo rate to 4.40%. The rate hike was announced to ensure that inflation stays within the RBI tolerance level as well as to support growth. Also Read | Liquidity tightening expected with RBI rate hike on June 8,April 6- April 8, 2022,The first MPC meeting for fiscal 2022-23 was held from April 6 to April 8. During the 34th meet, the MPC kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0%. The committee also maintained an accommodative stance. February 8- February 10, 2022,The 33rd MPC meeting was held from February 8 to February 10. The rate-setting panel reviewed surveys conducted by the RBI to measure consumer confidence. While maintaining its accommodative stance, the MPC announced that the policy repo rate would remain unchanged at 4.0%. The reverse repo rate also remained the same at 3.35%. Also Read | Week ahead: RBI policy, global indications to weigh on Sensex, Nifty,December 6 - December 8, 2021,In a meeting held from December 6 to December 8, 2021, the rate-setting panel discussed the macroeconomic projections of RBI staff. Based on evaluation and assessment, the committee decided to keep the policy repo rate unchanged at 4.0%. The reverse repo rate also remained unchanged and the bank rate was kept unaltered at 4.25%. October 6 - October 8, 2021,The MPC kept the policy repo rate unchanged at 4.00% while maintaining its accommodative stance to mitigate the impact of Covid-19 on the economy. Also Read | Walmart heir Rob Walton could buy Denver Broncos for $4.5 billion: Report,August 4 - August 6, 2021,In the 30th MPC meeting, the Reserve Bank of India's rate-setting panel announced that the policy repo rate would remain unchanged at 4.0%, along with the Bank Rate at 4.25%. The decision was announced to ensure that inflation remained within target. June 2- June 4, 2021,The MPC kept the repo rate unchanged at 4.00% and the marginal standing facility rate was also unchanged at 4.25%. The MPC said it would achieve its medium-term target for the Consumer Price Index (CPI). Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,April 5- April 7, 2021,The MPC decided to keep the repo rate unchanged at 4.0% in the 28th meeting. The reverse repo rate was also unchanged at 3.35%. The objective of keeping the repo rate unchanged was to ensure economic growth amid the backdrop of the COVID-19 pandemic.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"MPC,RBI,Shaktikanta Das,The Reserve Bank of India,Russia,the Bank Rate,RBI MPC, Monetary policy, RBI Monetary Policy, repo rate , CRR, Cash Reserve Ratio","originalPublishedOn":"2022-06-07T15:25:17.677400+00:00"}},{"node":{"id":"qcGKx2C0xuKO","slug":"english/rbi-mpc-meet-when-and-where-to-watch-shaktikanta-das-address-live","title":"RBI MPC meet: When and where to watch Shaktikanta Das' address live","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"The announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T03:20:00.136670+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI commenced its three-day meeting, which will conclude on Wednesday\u003c/li\u003e\n \u003cli\u003eRBI Governor Shaktikanta Das will reveal the central bank's decisions today\u003c/li\u003e\n \u003cli\u003eRBI is expected to raise repo rates again to combat inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654657968189,\\\"strCount\\\":2479,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e's Monetary Policy Committee commenced its three-day meeting, which will conclude on Wednesday, June 8th. Today, RBI Governor Shaktikanta Das will reveal the central bank's decisions taken during the bi-monthly Monetary Policy Committee meeting.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meet-what-to-expect-from-the-central-bank-today\\\\\\\"\u003eRBI MPC meet: What to expect from the central bank today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10:00 am on June 08, 2022,\\\\\\\" the RBI tweeted on Twitter.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"others\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eWatch out for the Monetary Policy statement of the RBI Governor \u003ca href=\\\\\\\"https://twitter.com/DasShaktikanta?ref_src=twsrc%5Etfw\\\\\\\"\u003e@DasShaktikanta\u003c/a\u003e at 10:00 am on June 08, 2022\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/8yrf3xazA5\\\\\\\"\u003ehttps://t.co/8yrf3xazA5\u003c/a\u003e\u003cbr\u003e\u003cbr\u003ePost policy press conference telecast at 12:00 noon on the same day\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/bG01WNycHy\\\\\\\"\u003ehttps://t.co/bG01WNycHy\u003c/a\u003e\u003ca href=\\\\\\\"https://twitter.com/hashtag/rbipolicy?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#rbipolicy\u003c/a\u003e \u003ca href=\\\\\\\"https://twitter.com/hashtag/rbigovernor?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#rbigovernor\u003c/a\u003e \u003ca href=\\\\\\\"https://t.co/USGCiFiEAP\\\\\\\"\u003epic.twitter.com/USGCiFiEAP\u003c/a\u003e\u003c/p\u003e\u0026mdash; ReserveBankOfIndia (@RBI) \u003ca href=\\\\\\\"https://twitter.com/RBI/status/1534015021956538370?ref_src=twsrc%5Etfw\\\\\\\"\u003eJune 7, 2022\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eWatch out for the Monetary Policy statement of the RBI Governor \u003ca href=\\\\\\\"https://twitter.com/DasShaktikanta?ref_src=twsrc%5Etfw\\\\\\\"\u003e@DasShaktikanta\u003c/a\u003e at 10:00 am on June 08, 2022\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/8yrf3xazA5\\\\\\\"\u003ehttps://t.co/8yrf3xazA5\u003c/a\u003e\u003cbr\u003e\u003cbr\u003ePost policy press conference telecast at 12:00 noon on the same day\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/bG01WNycHy\\\\\\\"\u003ehttps://t.co/bG01WNycHy\u003c/a\u003e\u003ca href=\\\\\\\"https://twitter.com/hashtag/rbipolicy?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#rbipolicy\u003c/a\u003e \u003ca href=\\\\\\\"https://twitter.com/hashtag/rbigovernor?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#rbigovernor\u003c/a\u003e \u003ca href=\\\\\\\"https://t.co/USGCiFiEAP\\\\\\\"\u003epic.twitter.com/USGCiFiEAP\u003c/a\u003e\u003c/p\u003e\u0026mdash; ReserveBankOfIndia (@RBI) \u003ca href=\\\\\\\"https://twitter.com/RBI/status/1534015021956538370?ref_src=twsrc%5Etfw\\\\\\\"\u003eJune 7, 2022\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India is expected to raise repo rates again, after doing so in an off-cycle MPC meeting in May to combat inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings\\\\\\\"\u003eRBI MPC meet: Here's an overview of the last 8 meetings\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. His address will be aired live across many platforms.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere's how you can watch the RBI's monetary policy decisions in real-time today:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The following link will take you to the LIVE speech of RBI Governor Shaktikanta Das on YouTube:\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/Wm9xeZMGD_M\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/Wm9xeZMGD_M\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Post policy press conference telecast at 12:00 noon on the same day\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/y5ImqfIHdO4\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/y5ImqfIHdO4\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/economists-expect-more-aggressive-rate-hikes-from-rbi-after-hawkish-minutes\\\\\\\"\u003eEconomists expect more aggressive rate hikes from RBI after hawkish minutes\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T03:20:00.136674+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India's Monetary Policy Committee commenced its three-day meeting, which will conclude on Wednesday, June 8th. Today, RBI Governor Shaktikanta Das will reveal the central bank's decisions taken during the bi-monthly Monetary Policy Committee meeting. ,Also Read| RBI MPC meet: What to expect from the central bank today,Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10:00 am on June 08, 2022, the RBI tweeted on Twitter. ,The Reserve Bank of India is expected to raise repo rates again, after doing so in an off-cycle MPC meeting in May to combat inflation. Also Read| RBI MPC meet: Here's an overview of the last 8 meetings,The announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. His address will be aired live across many platforms. Also Read| Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,Here's how you can watch the RBI's monetary policy decisions in real-time today:,The following link will take you to the LIVE speech of RBI Governor Shaktikanta Das on YouTube:,Post policy press conference telecast at 12:00 noon on the same day,The Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists. Also Read| Explained: Impact of MPC meeting on stock market,They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today. Also Read| Economists expect more aggressive rate hikes from RBI after hawkish minutes,Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,RBI,Shaktikanta Das,Monetary Policy Committee,Monetary Policy,Twitter,IST,YouTube","originalPublishedOn":"2022-06-08T03:20:00+00:00"}},{"node":{"id":"9vm5sOIDSFQB","slug":"english/why-interest-rates-are-being-hiked-globally","title":"Why interest rates are being hiked globally?","postType":1,"coverMedia":"/opoyi_qsoiA5rex.jpg","coverCaption":"Australia’s central bank raised its cash rate by large 25 bps to 0.35% (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T03:19:12.214938+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI increased its repo rate on Wednesday by 40 bps to 4.40\u003c/li\u003e\n \u003cli\u003eUS Federal Reserve hiked its benchmark interest rate by 0.50%\u003c/li\u003e\n \u003cli\u003eInterest rates are increased to control rising inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654658352037,\\\"strCount\\\":4755,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Amid soaring \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003einflationary pressures\u003c/a\u003e and uncertain geopolitical crises, central banks or monetary authorities from several countries have raised benchmark interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s central bank Reserve Bank of India (RBI), increased its repo rate on Wednesday by 40 bps to 4.40. It also raised \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity\\\\\\\"\u003eCash Reserve Ratio\u003c/a\u003e (CRR) by 50 bps to 4.5% from May 21. The \u003ca href=\\\\\\\"https://opoyi.com/english/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das\\\\\\\"\u003eRBI\u003c/a\u003e said that the “near-term inflation outlook is rapidly materialising,” and inflation is likely to remain high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003eRBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US Federal Reserve hiked its benchmark interest rate by 0.50%, the biggest jump in 22 years. The Fed also reasoned that inflation remains high due to the war in \u003ca href=\\\\\\\"https://opoyi.com/topic/ukraine\\\\\\\"\u003eUkraine\u003c/a\u003e and new coronavirus shutdowns in \u003ca href=\\\\\\\"https://opoyi.com/topic/china\\\\\\\"\u003eChina\u003c/a\u003e threatening to keep pressure high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Along with RBI and the US Fed, Saudi Arabia, \u003ca href=\\\\\\\"https://opoyi.com/topic/australia\\\\\\\"\u003eAustralia\u003c/a\u003e, Hong Kong and the United Kingdom also increased their rates on Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-federal-reserve-rate-hike-a-rally-on-wall-street\\\\\\\"\u003eUS Federal Reserve key rate hike highest in over two decades, stocks soar\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Hong Kong’s monetary authority in line with the US Fed hiked its benchmark interest rates to 1.25% from 0.75%. The Saudi Central Bank (SAMA) raised its repo rate and reverse repo rates by 50 bps each to 1.75% and 1.25%. The CBUAE also raised its base rate by 50 bps, which would take it to 2.25%, effective from Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On May 3, Australia’s central bank raised its cash rate by large 25 bps to 0.35%, the first hike in more than a decade. Reserve Bank of Australia (RBA) indicated more hikes to come as it pulls down the curtain on the massive pandemic stimulus.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/india-wants-russian-oil-at-70-per-barrel-as-moscows-isolation-grows-report\\\\\\\"\u003eIndia wants Russian oil at $70 per barrel as Moscow's isolation grows: Report\u003c/a\u003e\u003cbr\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"UK’s central bank Bank of England raised interest rates to their highest level in 13 years as it tries to tackle rising inflation gripping the UK. It announced an increase from 0.75% to 1% on Thursday, a level which has not been seen since the aftermath of the financial crisis in early 2009.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat does a hike in interest rate mean?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The hike in interest rates, which the banks will pick up and eventually pass on to customers means that loan rates will increase. Interest rates on home, personal, car and gold loans will increase following the increase in benchmark rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/with-elections-nearing-australia-sees-first-interest-rate-hike-in-11-years\\\\\\\"\u003eWith elections near, Australia sees first interest rate hike in 11 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI’s repo rate is the rate at which commercial banks borrow money from the central bank to maintain liquidity. It is one of the primary measures to control inflation. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A higher repo rate leads to a higher cost of borrowing. If inflation levels are high, which it is currently, the RBI hikes the repo rate to make borrowing expensive which will affect businesses and industries and slow down investment. This will hurt economic growth but help control inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An increase in CRR also makes the loans a costly affair.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to SBI Ecowrap, the increase in repo rate and CRR Would increase the marginal cost of funds-based lending rate (MCLR) marginally. If banks increase deposit rates, then the cost of funds (CoF) will also increase, which will push MCLR as well.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhy are interest rates increased?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates are increased to control rising inflation, which is currently at all-time high levels as supply chains are disrupted due to the Russia-Ukraine war. High key rates make borrowing a costly affair which will limit the money supply for the purchase of riskier assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High rates slow down consumer and business spending, especially on expensive items, such as properties and other luxury goods. It reverses the wealth effect and also makes banks more careful about lending. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates and inflation move in a similar direction. If inflation is rising, interest rates are increased. But economic slowdown lowers the inflation rate and may encourage rate cuts to revive growth.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"SaudiArabia","slug":"saudi-arabia","id":"kD3hYpeDW8F6"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT"},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf"},{"name":"Australia","slug":"australia","id":"GHNRwuPQRAbw"},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ"},{"name":"UK","slug":"uk","id":"rBpj9Yi57Sni"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T03:19:09.662510+00:00","publisher":0,"sourceFeed":null,"cleanText":"Amid soaring inflationary pressures and uncertain geopolitical crises, central banks or monetary authorities from several countries have raised benchmark interest rates. India’s central bank Reserve Bank of India (RBI), increased its repo rate on Wednesday by 40 bps to 4.40. It also raised Cash Reserve Ratio (CRR) by 50 bps to 4.5% from May 21. The RBI said that the “near-term inflation outlook is rapidly materialising,” and inflation is likely to remain high. Also Read | RBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das,The US Federal Reserve hiked its benchmark interest rate by 0.50%, the biggest jump in 22 years. The Fed also reasoned that inflation remains high due to the war in Ukraine and new coronavirus shutdowns in China threatening to keep pressure high. Along with RBI and the US Fed, Saudi Arabia, Australia, Hong Kong and the United Kingdom also increased their rates on Thursday. Also Read | US Federal Reserve key rate hike highest in over two decades, stocks soar,Hong Kong’s monetary authority in line with the US Fed hiked its benchmark interest rates to 1.25% from 0.75%. The Saudi Central Bank (SAMA) raised its repo rate and reverse repo rates by 50 bps each to 1.75% and 1.25%. The CBUAE also raised its base rate by 50 bps, which would take it to 2.25%, effective from Thursday. On May 3, Australia’s central bank raised its cash rate by large 25 bps to 0.35%, the first hike in more than a decade. Reserve Bank of Australia (RBA) indicated more hikes to come as it pulls down the curtain on the massive pandemic stimulus. Also Read | India wants Russian oil at $70 per barrel as Moscow's isolation grows: Report,UK’s central bank Bank of England raised interest rates to their highest level in 13 years as it tries to tackle rising inflation gripping the UK. It announced an increase from 0.75% to 1% on Thursday, a level which has not been seen since the aftermath of the financial crisis in early 2009. What does a hike in interest rate mean?,The hike in interest rates, which the banks will pick up and eventually pass on to customers means that loan rates will increase. Interest rates on home, personal, car and gold loans will increase following the increase in benchmark rates. Also Read | With elections near, Australia sees first interest rate hike in 11 years,RBI’s repo rate is the rate at which commercial banks borrow money from the central bank to maintain liquidity. It is one of the primary measures to control inflation. ,A higher repo rate leads to a higher cost of borrowing. If inflation levels are high, which it is currently, the RBI hikes the repo rate to make borrowing expensive which will affect businesses and industries and slow down investment. This will hurt economic growth but help control inflation. An increase in CRR also makes the loans a costly affair. According to SBI Ecowrap, the increase in repo rate and CRR Would increase the marginal cost of funds-based lending rate (MCLR) marginally. If banks increase deposit rates, then the cost of funds (CoF) will also increase, which will push MCLR as well. Why are interest rates increased?,Interest rates are increased to control rising inflation, which is currently at all-time high levels as supply chains are disrupted due to the Russia-Ukraine war. High key rates make borrowing a costly affair which will limit the money supply for the purchase of riskier assets. High rates slow down consumer and business spending, especially on expensive items, such as properties and other luxury goods. It reverses the wealth effect and also makes banks more careful about lending. ,Interest rates and inflation move in a similar direction. If inflation is rising, interest rates are increased. But economic slowdown lowers the inflation rate and may encourage rate cuts to revive growth.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,the US Fed,Australia,UK,India,The US Federal Reserve,Fed,Ukraine,China,Saudi Arabia,Hong Kong,the United Kingdom,The Saudi Central Bank,Reserve bank of Australia, RBA, CBUAE, Interest rate hike,Inflation,Interest rate hike,world economy","originalPublishedOn":"2022-05-05T17:07:00.946392+00:00"}},{"node":{"id":"qLQzpLrksqqz","slug":"english/rbi-mpc-meet-what-to-expect-from-the-central-bank-today","title":"RBI MPC meet: What to expect from the central bank today","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI's MPC meeting takes place amid a backdrop of rising inflation and a complicated geopolitical situation, including the Russia-Ukraine war. (Photo Credit: Representational/ Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T03:10:00.310732+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI began its three-day talks on Monday and the policy outcome will be released today\u003c/li\u003e\n \u003cli\u003eThe central bank is likely to hike key rates, concentrating more on inflation than on growth\u003c/li\u003e\n \u003cli\u003eEconomists predict a small increase in the cash reserve ratio (CRR) in monetary policy\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654657760442,\\\"strCount\\\":4118,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e is likely to hike key rates, concentrating more on inflation than on growth, according to some economists. They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings\\\\\\\"\u003eRBI MPC meet: Here's an overview of the last 8 meetings\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We expect CPI inflation (to) average around 7.2%-7.3% in H1 FY23\u0026nbsp; on account of elevated commodity prices, high food and core inflation,” said Swati Arora, Economist, HDFC Bank.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While analysts agree that managing inflation is a top priority right now, the \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e is also wary about finding a balance between demand recovery and inflation management, according to economists.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“There will definitely be a rate repo hike. It could either be 40 bps or 50 bps,” added Sarbartho Mukherjee, Economist, Mahindra Group.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/recovery-getting-entrenched-and-broadening-despite-risks-rbi-annual-report\\\\\\\"\u003eRecovery getting entrenched and broadening despite risks: RBI annual report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the RBI's Inflationary Expectations Survey, 89.9% of respondents in March 2022 felt that prices will rise in the future, higher than the January 2022 forecast (85.6%).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to economists, with the CPI and WPI both reaching record highs last month, the RBI is anticipated to raise its inflation target to a reasonable number, such as exceeding 6% for CPI, since the current Ukraine-Russia crisis has an influence on input costs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/theres-a-buffer-why-imfs-gita-gopinath-thinks-risk-of-a-recession-is-low-1\\\\\\\"\u003e'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists predict a small increase in the cash reserve ratio (CRR) in monetary policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“A gradual increase of CRR by 25 bps in the next policy meet can’t be ruled out, depending on the situation, going forward. The liquidity adjustment facility (LAF) corridor has been normalised. So, we don’t expect much change in this context,” stated Sankhanath Bandyopadhyay, Economist, Infomerics Ratings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/economists-expect-more-aggressive-rate-hikes-from-rbi-after-hawkish-minutes\\\\\\\"\u003eEconomists expect more aggressive rate hikes from RBI after hawkish minutes\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the time being, economists believe that growth will not be a priority for monetary policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Both RBI and the government are now prioritising inflation control and seem willing to sacrifice some growth, for example, in base metals and wheat exports, to achieve modest inflation,” said Prithviraj Srinivas, Chief Economist at Axis Capital.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI's MPC meeting takes place amid a backdrop of rising inflation and a complicated geopolitical situation, including the Russia-Ukraine war. The RBI raised the repo rate by 40 basis points at a previously unscheduled meeting held from May 2 to May 4. The cash reserve ratio has also been raised by 50 basis points to 4.50%. The last time the RBI adjusted the repo rate before May 2022 was on March 27, 2020, during the first wave of the COVID-19 pandemic.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD"},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29"},{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw"},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-08T03:10:00.310738+00:00","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists. They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today. Also Read| RBI MPC meet: Here's an overview of the last 8 meetings,Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps. Also Read| Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,“We expect CPI inflation (to) average around 7.2%-7.3% in H1 FY23 on account of elevated commodity prices, high food and core inflation,” said Swati Arora, Economist, HDFC Bank. ,Also Read| Explained: Impact of MPC meeting on stock market,While analysts agree that managing inflation is a top priority right now, the RBI is also wary about finding a balance between demand recovery and inflation management, according to economists. “There will definitely be a rate repo hike. It could either be 40 bps or 50 bps,” added Sarbartho Mukherjee, Economist, Mahindra Group. Also Read| Recovery getting entrenched and broadening despite risks: RBI annual report,According to the RBI's Inflationary Expectations Survey, 89.9% of respondents in March 2022 felt that prices will rise in the future, higher than the January 2022 forecast (85.6%). According to economists, with the CPI and WPI both reaching record highs last month, the RBI is anticipated to raise its inflation target to a reasonable number, such as exceeding 6% for CPI, since the current Ukraine-Russia crisis has an influence on input costs. Also Read| 'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low,Economists predict a small increase in the cash reserve ratio (CRR) in monetary policy. “A gradual increase of CRR by 25 bps in the next policy meet can’t be ruled out, depending on the situation, going forward. The liquidity adjustment facility (LAF) corridor has been normalised. So, we don’t expect much change in this context,” stated Sankhanath Bandyopadhyay, Economist, Infomerics Ratings. Also Read| Economists expect more aggressive rate hikes from RBI after hawkish minutes,For the time being, economists believe that growth will not be a priority for monetary policy. “Both RBI and the government are now prioritising inflation control and seem willing to sacrifice some growth, for example, in base metals and wheat exports, to achieve modest inflation,” said Prithviraj Srinivas, Chief Economist at Axis Capital. ,Also Read| Why interest rates are being hiked globally?,The RBI's MPC meeting takes place amid a backdrop of rising inflation and a complicated geopolitical situation, including the Russia-Ukraine war. The RBI raised the repo rate by 40 basis points at a previously unscheduled meeting held from May 2 to May 4. The cash reserve ratio has also been raised by 50 basis points to 4.50%. The last time the RBI adjusted the repo rate before May 2022 was on March 27, 2020, during the first wave of the COVID-19 pandemic.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":null,"originalPublishedOn":"2022-06-08T03:10:00+00:00"}},{"node":{"id":"LU6rs7jEdR6X","slug":"english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome","title":"Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The retail inflation surged for a seventh consecutive month to touch an 8-year high of 7.79% in April (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T01:44:47.061183+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI is likely to go for at least a 35 basis points hike\u003c/li\u003e\n \u003cli\u003eGovernor Shaktikanta Das will announce the decision of the MPC meeting on Wednesday\u003c/li\u003e\n \u003cli\u003eGovernment has directed RBI to keep inflation at 4% with a margin of 2% on either side\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654600837573,\\\"strCount\\\":5182,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With \u003ca href=\\\\\\\"https://opoyi.com/english/liquidity-tightening-expected-with-rbi-rate-hike-on-june-8\\\\\\\"\u003einflation\u003c/a\u003e showing no signs of slowing down, the Reserve Bank of India (RBI) is expected to hike the benchmark lending rate in its upcoming \u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003emonetary policy\u003c/a\u003e review on Wednesday, a clue for which has already been given by Governor \u003ca href=\\\\\\\"https://opoyi.com/who-is-shaktikanta-das\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, said experts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank is likely to go for at least a 35 basis points (bps) hike following the \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003e40 basis points hike\u003c/a\u003e announced last month after an off-cycle Monetary Policy Committee (MPC) meeting. Experts anticipate more hikes in repo rate in the coming months, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/week-ahead-rbi-policy-global-indications-to-weigh-on-sensex-nifty\\\\\\\"\u003eWeek ahead: RBI policy, global indications to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Monetary Policy Committee's three-day meeting, headed by Governor Das has already started on Monday, June 6. RBI Governor Shaktikanta Das will announce the decision of the MPC after meeting, on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april\\\\\\\"\u003eretail inflation\u003c/a\u003e, which RBI considers while arriving at its monetary policy, surged for a seventh consecutive month to touch an 8-year high of 7.79% in April, mainly on account of rising fuel and commodity prices, due to the ongoing \u003ca href=\\\\\\\"https://opoyi.com/english/heres-how-much-the-war-in-ukraine-is-costing-russia-each-day\\\\\\\"\u003eRussia-Ukraine war\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/english/indias-wpi-inflation-rises-to-1508-highest-in-17-years\\\\\\\"\u003ewholesale price-based inflation\u003c/a\u003e has stayed in double digits for 13 months and hit a record high of 15.08% in April.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Recently in an interview, the governor said \\\\\\\"expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On expectation from the MPC, Madan Sabnavis, Chief Economist, Bank of Baroda, said the credit policy to be announced will be crucial for the point of view of not just rate action but also the RBI’s thoughts on growth and inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The increase in repo rate can be taken as almost given but the quantum may not be more than 25-35 bps as the earlier minutes of the meeting held in May indicated that the MPC was not in favour of a large increase in repo rate at one shot,\\\\\\\" Sabnavis said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/cryptocurrency-scams-cost-americans-over-1-billion-in-2021-ftc-finds\\\\\\\"\u003eCryptocurrency scams cost Americans over $1 billion in 2021, FTC finds\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has taken several measures, including a duty cut on motor fuel, a reduction in import duty on certain edible oils, and a \u003ca href=\\\\\\\"https://opoyi.com/english/why-is-india-banning-wheat-export\\\\\\\"\u003ebanning of wheat export\u003c/a\u003e, in an attempt to control the inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a report, BofA Securities said it expects RBI MPC to increase the repo rate by 40 basis points in June and 35 basis points in August.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We see the RBI MPC revise up their inflation forecast, retain growth estimate and stance focusing on withdrawal of accommodation,\\\\\\\" it added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-burger-king-has-been-unable-to-leave-russia-after-the-ukraine-invasion\\\\\\\"\u003eWhy Burger King has been unable to leave Russia after the Ukraine invasion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com and Makaan.com, said that he expects RBI to raise the repo rate once again to contain inflation which is largely being driven by global factors such as the Ukraine war.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"At this juncture, we can understand the compulsion of the RBI to raise interest rates. However, the hike should be gradual as it could impact the growth of the real estate sector which is a major driver of the economy,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/exports-grew-15-in-may-trade-deficit-widens-to-2333-billion\\\\\\\"\u003eExports grew 15% in May, trade deficit widens to $23.33 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The June MPC meeting is certainly expected to see a rate hike, with only the quantum in question, said Rakesh Kaul, CEO of Clix Capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He further added, \\\\\\\"Unfortunately, with a twin deficit - in both fiscal as well as current account-persistent and rising inflation, as well as the Federal Reserve, increasing rates and likely to continue tightening, the only way out for RBI is to raise the interest rates\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-elon-musk-wants-to-slash-10-of-teslas-workforce\\\\\\\"\u003eWhy Elon Musk wants to slash 10% of Tesla's workforce\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has directed the Reserve Bank with ensuring consumer price index-based inflation remains at 4% with a margin of 2% on either side.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB"},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-07T11:20:34.400790+00:00","publisher":0,"sourceFeed":null,"cleanText":"With inflation showing no signs of slowing down, the Reserve Bank of India (RBI) is expected to hike the benchmark lending rate in its upcoming monetary policy review on Wednesday, a clue for which has already been given by Governor Shaktikanta Das, said experts. The central bank is likely to go for at least a 35 basis points (bps) hike following the 40 basis points hike announced last month after an off-cycle Monetary Policy Committee (MPC) meeting. Experts anticipate more hikes in repo rate in the coming months, reported PTI. Also Read | Week ahead: RBI policy, global indications to weigh on Sensex, Nifty,Monetary Policy Committee's three-day meeting, headed by Governor Das has already started on Monday, June 6. RBI Governor Shaktikanta Das will announce the decision of the MPC after meeting, on Wednesday. The retail inflation, which RBI considers while arriving at its monetary policy, surged for a seventh consecutive month to touch an 8-year high of 7.79% in April, mainly on account of rising fuel and commodity prices, due to the ongoing Russia-Ukraine war. The wholesale price-based inflation has stayed in double digits for 13 months and hit a record high of 15.08% in April. Recently in an interview, the governor said expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate. Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,On expectation from the MPC, Madan Sabnavis, Chief Economist, Bank of Baroda, said the credit policy to be announced will be crucial for the point of view of not just rate action but also the RBI’s thoughts on growth and inflation. The increase in repo rate can be taken as almost given but the quantum may not be more than 25-35 bps as the earlier minutes of the meeting held in May indicated that the MPC was not in favour of a large increase in repo rate at one shot, Sabnavis said. Also Read | Cryptocurrency scams cost Americans over $1 billion in 2021, FTC finds,The government has taken several measures, including a duty cut on motor fuel, a reduction in import duty on certain edible oils, and a banning of wheat export, in an attempt to control the inflation. In a report, BofA Securities said it expects RBI MPC to increase the repo rate by 40 basis points in June and 35 basis points in August. We see the RBI MPC revise up their inflation forecast, retain growth estimate and stance focusing on withdrawal of accommodation, it added. Also Read | Why Burger King has been unable to leave Russia after the Ukraine invasion,Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com and Makaan.com, said that he expects RBI to raise the repo rate once again to contain inflation which is largely being driven by global factors such as the Ukraine war. At this juncture, we can understand the compulsion of the RBI to raise interest rates. However, the hike should be gradual as it could impact the growth of the real estate sector which is a major driver of the economy, he said. Also Read | Exports grew 15% in May, trade deficit widens to $23.33 billion,The June MPC meeting is certainly expected to see a rate hike, with only the quantum in question, said Rakesh Kaul, CEO of Clix Capital. He further added, Unfortunately, with a twin deficit - in both fiscal as well as current account-persistent and rising inflation, as well as the Federal Reserve, increasing rates and likely to continue tightening, the only way out for RBI is to raise the interest rates. Also Read | Why Elon Musk wants to slash 10% of Tesla's workforce,The government has directed the Reserve Bank with ensuring consumer price index-based inflation remains at 4% with a margin of 2% on either side.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,the Reserve Bank of India,MPC,RBI monetary policy, repo rate, CRR, monetary policy, RBI,Russia,inflation, MPC expectation,RBI MPC,Monetary policy commitee","originalPublishedOn":"2022-06-07T11:20:34.400785+00:00"}},{"node":{"id":"xHKf8TPbTm43","slug":"english/liquidity-tightening-expected-with-rbi-rate-hike-on-june-8","title":"Liquidity tightening expected with RBI rate hike on June 8","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"Retail inflation in April was 7.79% higher than a year-ago period (Photo Credit -Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-06T14:50:41.477848+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMeasures to tighten liquidity are likely to be accompanied by a hike in interest rates\u003c/li\u003e\n \u003cli\u003eEconomists expect a rise of 25 to 75 basis points\u003c/li\u003e\n \u003cli\u003eBofA Global Research expects a 50-basis-point increase in the CRR for banks\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654527038905,\\\"strCount\\\":4813,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Measures to tighten liquidity are likely to be accompanied by a\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003e hike in interest rates\u003c/a\u003e on Wednesday, increasing upward pressure on bond yields and the need for central bank measures to support government borrowing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There is no doubt about the rise in interest rates because the governor of the Reserve Bank of \u003ca href=\\\\\\\"https://opoyi.com/topic/india\\\\\\\"\u003eIndia\u003c/a\u003e (RBI) Shaktikanta Das said on May 23 that the decision would be a “no brainer”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a Reuters poll, economists expect a rise of 25 to 75 basis points (bps). It will follow a \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003e40-basis-point\u003c/a\u003e rise that kicked off the RBI’s tightening cycle, which economists expect to be relatively short. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"A hike at this week's \u003ca href=\\\\\\\"https://opoyi.com/english/explained-impact-of-mpc-meeting-on-stock-market\\\\\\\"\u003eRBI\u003c/a\u003e policy meeting is a foregone conclusion,\\\\\\\" said Radhika Rao, senior economist at DBS Bank.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has proved to be persistently high in the past three years, even as drivers have changed - from supply bottlenecks to commodities and reopening pressures,\\\\\\\" she added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/cryptocurrency-scams-cost-americans-over-1-billion-in-2021-ftc-finds\\\\\\\"\u003eCryptocurrency scams cost Americans over $1 billion in 2021, FTC finds\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april\\\\\\\"\u003eRetail inflation\u003c/a\u003e in April was 7.79% higher than a year-ago period, exceeding the RBI’s tolerance band for inflation of 2% to 6% for the fourth month in a row. Inflation is expected to remain high in the near future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last month, RBI Governor Shaktikanta Das said that the bank’s primary focus was to bring inflation down closer to target but it could not ignore concerns around economic growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market is expecting an increase of around 50 basis points on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-burger-king-has-been-unable-to-leave-russia-after-the-ukraine-invasion\\\\\\\"\u003eWhy Burger King has been unable to leave Russia after the Ukraine invasion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Analysts also expect the RBI to reduce liquidity, strengthen its fight against inflation, and extend its efforts to return monetary conditions to what they were like before the pandemic prompted drastic measures to stimulate the economy, reported Reuters.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On June 3, BofA Global Research predicted that the RBI would continue with measures to absorb liquidity. It expects a 50-basis-point increase in the \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity\\\\\\\"\u003ecash reserve ratio\u003c/a\u003e (CRR) for banks, which would absorb around 870 billion rupees in the banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/exports-grew-15-in-may-trade-deficit-widens-to-2333-billion\\\\\\\"\u003eExports grew 15% in May, trade deficit widens to $23.33 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rao at DBS said \\\\\\\"Further CRR increases are on the cards to lower the liquidity surplus and aid transmission\\\\\\\" that is, to support rises in interest rates to affect the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tighter liquidity will push bond yields higher. The benchmark 10-year yield has already surged more than 100 basis points in 2022, driven higher by global oil prices and rising expectations for short-term interest rates. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government is also increasing its borrowing requirement with fiscal measures to control inflation, such as cutting customs and excise duties on fuel. Economists believe such fiscal action will have to continue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-elon-musk-wants-to-slash-10-of-teslas-workforce\\\\\\\"\u003eWhy Elon Musk wants to slash 10% of Tesla's workforce\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Therefore, the central bank may have to support it by buying bonds and thereby holding down yields.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Asset purchases through G-SAP (the government securities acquisition program) could be reintroduced if the central bank felt this was warranted to contain fiscal risks,\\\\\\\" said Shilan Shah, senior India economist at Capital Economics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In April, the RBI increased its inflation forecast, saying average retail prices in the year to March 2023 would be 5.7% higher than a year earlier. Economists expect it to further raise the forecast on Wednesday. The 2022-23 gross domestic product (GDP) forecast will probably be left unchanged at 7.2%, they say.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk"},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0"},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"DBS","slug":"dbs","id":"Bw3UxgsNiioh"},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-06T14:50:39.838191+00:00","publisher":0,"sourceFeed":null,"cleanText":"Measures to tighten liquidity are likely to be accompanied by a hike in interest rates on Wednesday, increasing upward pressure on bond yields and the need for central bank measures to support government borrowing. There is no doubt about the rise in interest rates because the governor of the Reserve Bank of India (RBI) Shaktikanta Das said on May 23 that the decision would be a “no brainer”. Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,According to a Reuters poll, economists expect a rise of 25 to 75 basis points (bps). It will follow a 40-basis-point rise that kicked off the RBI’s tightening cycle, which economists expect to be relatively short. ,A hike at this week's RBI policy meeting is a foregone conclusion, said Radhika Rao, senior economist at DBS Bank. Inflation has proved to be persistently high in the past three years, even as drivers have changed - from supply bottlenecks to commodities and reopening pressures, she added. Also Read | Cryptocurrency scams cost Americans over $1 billion in 2021, FTC finds,Retail inflation in April was 7.79% higher than a year-ago period, exceeding the RBI’s tolerance band for inflation of 2% to 6% for the fourth month in a row. Inflation is expected to remain high in the near future. Last month, RBI Governor Shaktikanta Das said that the bank’s primary focus was to bring inflation down closer to target but it could not ignore concerns around economic growth. The market is expecting an increase of around 50 basis points on Wednesday. Also Read | Why Burger King has been unable to leave Russia after the Ukraine invasion,Analysts also expect the RBI to reduce liquidity, strengthen its fight against inflation, and extend its efforts to return monetary conditions to what they were like before the pandemic prompted drastic measures to stimulate the economy, reported Reuters. On June 3, BofA Global Research predicted that the RBI would continue with measures to absorb liquidity. It expects a 50-basis-point increase in the cash reserve ratio (CRR) for banks, which would absorb around 870 billion rupees in the banking system. Also Read | Exports grew 15% in May, trade deficit widens to $23.33 billion,Rao at DBS said Further CRR increases are on the cards to lower the liquidity surplus and aid transmission that is, to support rises in interest rates to affect the economy. Tighter liquidity will push bond yields higher. The benchmark 10-year yield has already surged more than 100 basis points in 2022, driven higher by global oil prices and rising expectations for short-term interest rates. ,The government is also increasing its borrowing requirement with fiscal measures to control inflation, such as cutting customs and excise duties on fuel. Economists believe such fiscal action will have to continue. Also Read | Why Elon Musk wants to slash 10% of Tesla's workforce,Therefore, the central bank may have to support it by buying bonds and thereby holding down yields. Asset purchases through G-SAP (the government securities acquisition program) could be reintroduced if the central bank felt this was warranted to contain fiscal risks, said Shilan Shah, senior India economist at Capital Economics. Also Read | Explained: Changes in repo rates and their impact on stock market,In April, the RBI increased its inflation forecast, saying average retail prices in the year to March 2023 would be 5.7% higher than a year earlier. Economists expect it to further raise the forecast on Wednesday. The 2022-23 gross domestic product (GDP) forecast will probably be left unchanged at 7.2%, they say.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,the Reserve Bank of India,DBS Bank,RBI,CRR,DBS,G-SAP,Shilan Shah,India,Capital Economics, Monetary policy, Reserve Bank of India, Retail Inflation,Liquidity, Indian Economy, Economy","originalPublishedOn":"2022-06-06T14:50:39.838183+00:00"}},{"node":{"id":"jIGEmYoSCcX8","slug":"english/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-friday-6","title":"US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Friday","postType":1,"coverMedia":"/opoyi_sjaSy_JNN.jpg","coverCaption":"A sign for Wall Street hangs in front of the New York Stock Exchange. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-03T15:45:41.850455+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eS\u0026amp;P 500 was 65.64 points or 1.57% down to 4,111.18\u003c/li\u003e\n \u003cli\u003eTreasury yields surged after initially swinging following Friday’s report\u003c/li\u003e\n \u003cli\u003eThe 10-year yield surged to 2.94% from 2.91%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654271138637,\\\"strCount\\\":4562,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/wallstreet\\\\\\\"\u003eWall Street\u003c/a\u003e stocks are falling on Friday as investors\\\\nconsider the downside of the still-strong US job market. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 was 65.64 points or 1.57% down to\\\\n4,111.18 in morning trading after a report showed employers hired more wore workers\\\\nin May than economists expected.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While it is a positive sign for the \u003ca href=\\\\\\\"https://opoyi.com/topic/economy\\\\\\\"\u003eeconomy\u003c/a\u003e amid concerns\\\\nabout a possible recession, several investors saw it as keeping the \u003ca href=\\\\\\\"https://opoyi.com/english/us-treasury-secretary-janet-yellen-explains-why-she-was-wrong-on-inflation-path\\\\\\\"\u003eFederal\\\\nReserve\u003c/a\u003e on its path to increasing interest rates aggressively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/man-breaks-into-dallas-museum-damages-artifacts-worth-52m-heres-why\\\\\\\"\u003eWhat items Brian Hernandez destroyed at Dallas Museum of Art\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Such measures would slow down the economy in a bid to\\\\nultimately knock down high inflation, and the Fed risks causing a recession if\\\\nit moves too quickly or too far. Meanwhile, higher\u003ca href=\\\\\\\"https://opoyi.com/english/why-interest-rates-are-being-hiked-globally\\\\\\\"\u003e interest rates\u003c/a\u003e put downward\\\\npressure on stocks and other investments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average was down 323.14 points\\\\nor 0.97% at 32,925.14. The Nasdaq Composite was 283.73 points or 2.30% at\\\\n12,033.17.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/6-us-states-that-prohibit-under-21-from-buying-guns\\\\\\\"\u003e6 US states that prohibit under 21 from buying guns\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/bitcoin\\\\\\\"\u003eBitcoin\u003c/a\u003e also fell, as a measure of fear in the stock\\\\nmarket rose, even though some glass-half-full signals for inflationary\\\\npressures were buried within the jobs data.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It is a reversal from Thursday’s market movement when a\\\\nnarrower report on the US jobs market came in weaker than expected. That\\\\ntriggered speculation that the Federal Reserve may consider a pause in raising\\\\nrates later this year, and the hopes for a less-aggressive Fed sent stocks\\\\nsurging.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-elon-musk-wants-to-slash-10-of-teslas-workforce\\\\\\\"\u003eWhy Elon Musk wants to slash 10% of Tesla's workforce\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Treasury yields surged after initially swinging after\\\\nFriday’s report, which showed employers added 390,000 jobs last month against\\\\nexpectations for 322,500. The yield on the two-year Treasury, which tends to\\\\nmove with expectations for Fed action, rose to 2.66% from 2.62% just before the\\\\nreports’ release.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 10-year yield, which tracks expectations for\\\\nlonger-term growth and inflation, surged to 2.94% from 2.91%, after earlier\\\\nsurging as high as 2.99%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/3-killed-in-iowa-church-shooting-while-joe-biden-spoke-on-tough-gun-laws\\\\\\\"\u003e3 killed in Iowa church shooting while Joe Biden spoke on tough gun laws\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The report showed some indicators that analysts said\\\\ncould ultimately get the Fed to be less aggressive and the mixed data could\\\\nlead markets to swing through Friday. The S\u0026amp;P 500 swung between losses of\\\\n0.8% and 1.4% in the first half-hour of trading.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Average wages for workers were slightly weaker in the\\\\nprevious month than economists expected. Even though that's discouraging for\\\\npeople watching grocery prices and gas prices rise faster than their paychecks,\\\\nit could lessen future \u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003einflation\u003c/a\u003e pressure across the economy. Additionally, the\\\\nnation's job growth declined in May, even if it was better than expectations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-is-mentoo-and-why-is-it-trending\\\\\\\"\u003eWhat is MenToo and why is it trending ?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Almost four out of five stocks in the S\u0026amp;P 500 fell\\\\namid rising interest rate fears, with the heaviest losses hitting technology\\\\nstocks and other big winners of the previous low-rate world.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tesla fell 6.5% after its CEO, \u003ca href=\\\\\\\"https://opoyi.com/english/elon-musk-forces-return-to-office-tesla-ceos-toxic-work-culture-in-focus\\\\\\\"\u003eElon Musk\u003c/a\u003e, said he was\\\\nconsidering layoffs in light of concerns about the economy. Tesla is the\\\\nfifth-largest company in the S\u0026amp;P 500, so its movements affect the index\\\\nmore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-are-red-flag-laws-in-us-gun-control-debate\\\\\\\"\u003eWhat are 'red flag laws' in US' gun control debate?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wall Street’s benchmark index is moving towards its\\\\neighth weekly loss in the last nine. The exception in that stretch was last\\\\nweek when the stock surged amid speculation that the Fed would consider a pause\\\\nin rate hikes in September.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9"},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o"},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f"},{"name":"S\u0026P","slug":"sp","id":"Ts0x87jkzldW"},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK"},{"name":"DowJones","slug":"dowjones","id":"dbfOXAt8vC1G"},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN"},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV"},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf"},{"name":"ElonMusk","slug":"elonmusk","id":"gNR9NoRbCkzk"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-03T15:38:53.937249+00:00","publisher":0,"sourceFeed":null,"cleanText":"Wall Street stocks are falling on Friday as investors consider the downside of the still-strong US job market. ,The S\u0026P 500 was 65.64 points or 1.57% down to 4,111.18 in morning trading after a report showed employers hired more wore workers in May than economists expected. While it is a positive sign for the economy amid concerns about a possible recession, several investors saw it as keeping the Federal Reserve on its path to increasing interest rates aggressively. Also Read | What items Brian Hernandez destroyed at Dallas Museum of Art,Such measures would slow down the economy in a bid to ultimately knock down high inflation, and the Fed risks causing a recession if it moves too quickly or too far. Meanwhile, higher interest rates put downward pressure on stocks and other investments. The Dow Jones Industrial Average was down 323.14 points or 0.97% at 32,925.14. The Nasdaq Composite was 283.73 points or 2.30% at 12,033.17. Also Read | 6 US states that prohibit under 21 from buying guns,Bitcoin also fell, as a measure of fear in the stock market rose, even though some glass-half-full signals for inflationary pressures were buried within the jobs data. It is a reversal from Thursday’s market movement when a narrower report on the US jobs market came in weaker than expected. That triggered speculation that the Federal Reserve may consider a pause in raising rates later this year, and the hopes for a less-aggressive Fed sent stocks surging. Also Read | Why Elon Musk wants to slash 10% of Tesla's workforce,Treasury yields surged after initially swinging after Friday’s report, which showed employers added 390,000 jobs last month against expectations for 322,500. The yield on the two-year Treasury, which tends to move with expectations for Fed action, rose to 2.66% from 2.62% just before the reports’ release. The 10-year yield, which tracks expectations for longer-term growth and inflation, surged to 2.94% from 2.91%, after earlier surging as high as 2.99%. Also Read | 3 killed in Iowa church shooting while Joe Biden spoke on tough gun laws,The report showed some indicators that analysts said could ultimately get the Fed to be less aggressive and the mixed data could lead markets to swing through Friday. The S\u0026P 500 swung between losses of 0.8% and 1.4% in the first half-hour of trading. Average wages for workers were slightly weaker in the previous month than economists expected. Even though that's discouraging for people watching grocery prices and gas prices rise faster than their paychecks, it could lessen future inflation pressure across the economy. Additionally, the nation's job growth declined in May, even if it was better than expectations. Also Read | What is MenToo and why is it trending ?,Almost four out of five stocks in the S\u0026P 500 fell amid rising interest rate fears, with the heaviest losses hitting technology stocks and other big winners of the previous low-rate world. Tesla fell 6.5% after its CEO, Elon Musk, said he was considering layoffs in light of concerns about the economy. Tesla is the fifth-largest company in the S\u0026P 500, so its movements affect the index more. Also Read | What are 'red flag laws' in US' gun control debate?,Wall Street’s benchmark index is moving towards its eighth weekly loss in the last nine. The exception in that stretch was last week when the stock surged amid speculation that the Fed would consider a pause in rate hikes in September.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Fed,US,the Federal Reserve,Treasury,Bitcoin,Elon Musk,Early trade, US early trade, stock market, dow jones, nasdaq, US stock market,inflation, wall street,US job market","originalPublishedOn":"2022-06-03T15:38:53.937240+00:00"}},{"node":{"id":"CyrkWw4n3GDK","slug":"english/india-q4-gdp-eight-core-industries-grow-84-in-april-hitting-six-months-high","title":"India Q4 GDP: Eight core industries grow 8.4% in April hitting six months high","postType":1,"coverMedia":"/opoyi_gsHy5J0Tui.jpg","coverCaption":"The growth output of core industries for December 2021 was updated up to 4.1% last month from 3.8% before. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-01T09:11:36.380983+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSix of the eight core industries continued to increase in the reported period\u003c/li\u003e\n \u003cli\u003eOnly two industries saw contraction: crude oil (-0.9%) and steel (-0.7%)\u003c/li\u003e\n \u003cli\u003eIn the index of industrial production (IIP), the eight core industries account for 40.27%.\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654074695381,\\\"strCount\\\":2438,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The output of eight-core industries expanded at a six-month high of 8.4% in April, far higher than the revised 4.9% growth reported in March. However, the current growth figure was lower than the 62.6% rise reported in April 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/gdp-manufacturing-sector-falls-02-owing-to-high-input-prices\\\\\\\"\u003eIndia Q4 GDP: Manufacturing sector falls 0.2% owing to high input prices\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Six of the eight core industries continued to increase in the reported period. Only two industries saw contraction: crude oil (-0.9%) and steel (-0.7%). Coal (28.8%), natural gas (6.4%), refinery products (9.2%), fertilisers (8.7%), cement (8%), and electricity\u0026nbsp; (10.7%) were the other six sectors that showed strong growth in April (10.7%). In the index of industrial production (IIP), the eight key industries account for 40.27%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/indias-real-gdp-growth-stands-at-87-in-fy2022\\\\\\\"\u003eIndia's real GDP growth stands at 8.7% in FY2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the Commerce and Industry Ministry raised the ultimate growth rate of core industries for January 2022 to 4% from 3.7%. The growth output of core industries for December 2021 was updated up to 4.1% last month from 3.8% before.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/indias-10-year-bond-yield-rises-to-three-week-high\\\\\\\"\u003eIndia's 10-year bond yield rises to three-week high\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In response to the new core data figures, Madan Sabnavis, Chief Economist at Bank of Baroda said that core sector growth of 8.4% in April is fairly outstanding given the high base of 62.6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/theres-a-buffer-why-imfs-gita-gopinath-thinks-risk-of-a-recession-is-low-1\\\\\\\"\u003e'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“IIP growth (for April) too can be expected to be in the higher single-digit range of 6-8% based on these growth rates for the core sector,” he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/stock-market-midday-report-sensex-up-39-points-nifty-around-16590\\\\\\\"\u003eStock market midday report: Sensex up 39 points, Nifty around 16,590\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some of the numbers are impressive like coal which grew by 28.8% and power by 10.7%, he said. This is difficult to reconcile with the power crisis that was there in April with a shortage of coal and power being reported, according to Sabnavis. Evidently, this was not the case, he added.\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"coal","slug":"coal","id":"5hKP450Z4h5v"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-01T09:11:35.388812+00:00","publisher":0,"sourceFeed":null,"cleanText":"The output of eight-core industries expanded at a six-month high of 8.4% in April, far higher than the revised 4.9% growth reported in March. However, the current growth figure was lower than the 62.6% rise reported in April 2021. Also Read| India Q4 GDP: Manufacturing sector falls 0.2% owing to high input prices,Six of the eight core industries continued to increase in the reported period. Only two industries saw contraction: crude oil (-0.9%) and steel (-0.7%). Coal (28.8%), natural gas (6.4%), refinery products (9.2%), fertilisers (8.7%), cement (8%), and electricity (10.7%) were the other six sectors that showed strong growth in April (10.7%). In the index of industrial production (IIP), the eight key industries account for 40.27%. Also Read| India's real GDP growth stands at 8.7% in FY2022,However, the Commerce and Industry Ministry raised the ultimate growth rate of core industries for January 2022 to 4% from 3.7%. The growth output of core industries for December 2021 was updated up to 4.1% last month from 3.8% before. Also Read| India's 10-year bond yield rises to three-week high,In response to the new core data figures, Madan Sabnavis, Chief Economist at Bank of Baroda said that core sector growth of 8.4% in April is fairly outstanding given the high base of 62.6%. Also Read| 'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low,“IIP growth (for April) too can be expected to be in the higher single-digit range of 6-8% based on these growth rates for the core sector,” he added. Also Read| Stock market midday report: Sensex up 39 points, Nifty around 16,590,Some of the numbers are impressive like coal which grew by 28.8% and power by 10.7%, he said. This is difficult to reconcile with the power crisis that was there in April with a shortage of coal and power being reported, according to Sabnavis. Evidently, this was not the case, he added.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the Commerce and Industry Ministry,Madan Sabnavis,Bank of Baroda","originalPublishedOn":"2022-06-01T09:11:35.388800+00:00"}},{"node":{"id":"6gpnUTGU3519","slug":"english/gdp-manufacturing-sector-falls-02-owing-to-high-input-prices","title":"India Q4 GDP: Manufacturing sector falls 0.2% owing to high input prices","postType":1,"coverMedia":"/opoyi_WWUNQyfxU.jpg","coverCaption":"May is the 11th month in a row that India's manufacturing PMI shows an increase in activity. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-01T09:03:57.192229+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThis was the first drop in factory production since the dramatic 31.5% drop in the first quarter of 2020-21\u003c/li\u003e\n \u003cli\u003eEconomists noted that real GDP was only 'a subdued' 1.5% higher than pre-COVID levels\u003c/li\u003e\n \u003cli\u003eThe manufacturing sector fell year on year, it rose sequentially at 14.2% in Q4\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654074236418,\\\"strCount\\\":3824,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Growth in the manufacturing sector fell to -0.2% in the last quarter of the financial year, owing to high input prices, convoluted global supply chains, and Covid-induced mobility restrictions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/indias-real-gdp-growth-stands-at-87-in-fy2022\\\\\\\"\u003eIndia's real GDP growth stands at 8.7% in FY2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This was the first drop in factory production since the dramatic 31.5% drop in the first quarter of 2020-21, which coincided with stringent nationwide lockdowns.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/indias-10-year-bond-yield-rises-to-three-week-high\\\\\\\"\u003eIndia's 10-year bond yield rises to three-week high\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists noted that real GDP was only 'a subdued' 1.5% higher than pre-COVID levels, attributing the lower-than-expected full-year growth to the effects of the COVID-19, high commodity prices and inflation, as well as data revisions for the first half of the year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/theres-a-buffer-why-imfs-gita-gopinath-thinks-risk-of-a-recession-is-low-1\\\\\\\"\u003e'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A negative revision in growth rates for the first two quarters of 2021-22 influenced the full-year growth rate in comparison to the most recent projections published on February 28. The previously anticipated 20.3% GDP growth for Q1 was reduced to 20.1%, while the same figure for Q2 was cut to 8.4% from 8.5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/stock-market-midday-report-sensex-up-39-points-nifty-around-16590\\\\\\\"\u003eStock market midday report: Sensex up 39 points, Nifty around 16,590\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the Finance Ministry, the economy's investment rate increased to 33.6% in Q4, the highest since Q3 of 2019-20. Furthermore, while the manufacturing sector fell year on year, it rose sequentially at 14.2% in Q4.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/trending-stocks-power-grid-hfcl-bharat-dynamics-and-others-in-news-today\\\\\\\"\u003eTrending Stocks: Power Grid, HFCL, Bharat Dynamics and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rise in interest rates, the unavoidable rise in commodity prices (Brent crude oil has reached $120 per barrel), and the continuance of supply-chain issues will all pose challenges to manufacturing prospects in the current fiscal year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/stocks-that-should-be-on-your-watchlist-on-wedesday-june-1-2022\\\\\\\"\u003eStocks that should be on your watchlist on Wedesday, June 1, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the latest report by S\u0026amp;P Global \u003ca href=\\\\\\\"https://opoyi.com/topic/india\\\\\\\"\u003eIndia\u003c/a\u003e Manufacturing Purchasing Managers' Index (PMI), \u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e manufacturers received about the same number of new orders in May as they did in April, despite raising prices at the highest rate in more than eight and a half years due to a severe rise in input costs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fuel-price-june-1-2022-petrol-rs-9672-diesel-rs-8962-in-delhi\\\\\\\"\u003eFuel price June 1, 2022: Petrol Rs 96.72, diesel Rs 89.62 in Delhi\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“India’s manufacturing sector sustained strong growth momentum in May, as total new orders expanded further, thanks partly to the sharpest rise in international sales for eleven years,” remarked Pollyanna De Lima, economics associate director at S\u0026amp;P Global, noting the firms hired extra workers and rebuilt input stocks in view of resilient demand.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/crypto-fear-and-greed-index-on-wednesday-june-1-2022\\\\\\\"\u003eCrypto Fear and Greed Index on Wednesday, June 1, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The index was 54.6 in May, down slightly from 57.4 in March. A reading of more than 50 on the index suggests increased activity. May is the 11th month in a row that India's manufacturing PMI shows an increase in activity.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_PteDpl8-u0C.jpg","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p"},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r"},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj"},{"name":"World","slug":"world","id":"iEhRQcab92b8"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-06-01T09:03:54.673364+00:00","publisher":0,"sourceFeed":null,"cleanText":"Growth in the manufacturing sector fell to -0.2% in the last quarter of the financial year, owing to high input prices, convoluted global supply chains, and Covid-induced mobility restrictions. Also Read| India's real GDP growth stands at 8.7% in FY2022,This was the first drop in factory production since the dramatic 31.5% drop in the first quarter of 2020-21, which coincided with stringent nationwide lockdowns. Also Read| India's 10-year bond yield rises to three-week high,Economists noted that real GDP was only 'a subdued' 1.5% higher than pre-COVID levels, attributing the lower-than-expected full-year growth to the effects of the COVID-19, high commodity prices and inflation, as well as data revisions for the first half of the year. Also Read| 'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low,A negative revision in growth rates for the first two quarters of 2021-22 influenced the full-year growth rate in comparison to the most recent projections published on February 28. The previously anticipated 20.3% GDP growth for Q1 was reduced to 20.1%, while the same figure for Q2 was cut to 8.4% from 8.5%. Also Read| Stock market midday report: Sensex up 39 points, Nifty around 16,590,According to the Finance Ministry, the economy's investment rate increased to 33.6% in Q4, the highest since Q3 of 2019-20. Furthermore, while the manufacturing sector fell year on year, it rose sequentially at 14.2% in Q4. Also Read| Trending Stocks: Power Grid, HFCL, Bharat Dynamics and others in news today,The rise in interest rates, the unavoidable rise in commodity prices (Brent crude oil has reached $120 per barrel), and the continuance of supply-chain issues will all pose challenges to manufacturing prospects in the current fiscal year. Also Read| Stocks that should be on your watchlist on Wedesday, June 1, 2022,According to the latest report by S\u0026P Global India Manufacturing Purchasing Managers' Index (PMI), Indian manufacturers received about the same number of new orders in May as they did in April, despite raising prices at the highest rate in more than eight and a half years due to a severe rise in input costs. Also Read| Fuel price June 1, 2022: Petrol Rs 96.72, diesel Rs 89.62 in Delhi,“India’s manufacturing sector sustained strong growth momentum in May, as total new orders expanded further, thanks partly to the sharpest rise in international sales for eleven years,” remarked Pollyanna De Lima, economics associate director at S\u0026P Global, noting the firms hired extra workers and rebuilt input stocks in view of resilient demand. Also Read| Crypto Fear and Greed Index on Wednesday, June 1, 2022,The index was 54.6 in May, down slightly from 57.4 in March. A reading of more than 50 on the index suggests increased activity. May is the 11th month in a row that India's manufacturing PMI shows an increase in activity.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,the Finance Ministry,S Global India Manufacturing Purchasing Managers',PMI,Indian,De Lima","originalPublishedOn":"2022-06-01T08:41:32.932085+00:00"}},{"node":{"id":"riNVt4AQc66v","slug":"english/us-treasury-secretary-janet-yellen-explains-why-she-was-wrong-on-inflation-path","title":"Janet Yellen explains why she was 'wrong' on inflation path","postType":1,"coverMedia":"/opoyi_FEDG0fII4Y.jpg","coverCaption":"US Treasury Secretary Janet Yellen. (Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-31T23:20:34.467819+00:00","highlightSummary":"\u003cul\u003e\n \u003cli\u003eYellen conceded on Tuesday that she underestimated how long rising inflation would continue\u003c/li\u003e\n \u003cli\u003e'I think I was wrong then about the path that inflation would take,' she said\u003c/li\u003e\n \u003cli\u003eThe revelation was the latest sign that the administration's hopes for a stabilising economy\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1654039232720,\\\"strCount\\\":3952,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the \u003ca href=\\\\\\\"https://opoyi.com/english/jeff-bezos-joe-biden-engage-in-online-spat-over-inflation-taxes\\\\\\\"\u003eBiden administration\u003c/a\u003e struggles to limit a growing political liability, US Treasury Secretary \u003ca href=\\\\\\\"https://opoyi.com/woman-of-firsts-janet-yellen-is-joe-bidens-pick-for-us-treasury-chief\\\\\\\"\u003eJanet Yellen\u003c/a\u003e conceded on Tuesday that she underestimated how long rising inflation would continue to afflict \u003ca href=\\\\\\\"https://opoyi.com/topic/american\\\\\\\"\u003eAmerican\u003c/a\u003e consumers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"I think I was wrong then about the path that inflation would take,\\\\\\\" Yellen told CNN in response to a question about her statements from 2021 that inflation constituted only a \\\\\\\"small risk.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/eurozone-inflation-soars-to-record-81-amid-rising-energy-and-food-costs\\\\\\\"\u003eEurozone inflation soars to record 8.1% amid rising energy and food costs\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The revelation was the latest sign that the administration's hopes for a stabilising economy had been dashed by the ongoing pandemic and the war in Europe.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn't -- at the time -- didn't fully understand, but we recognize that now,\\\\\\\" Yellen said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yellen and other White House officials initially characterised inflation as a temporary side effect of the economy recovering to normal after the pandemic, citing supply chain breakdowns and demand outstripping supply.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/joe-biden-to-meet-federal-reserve-chairman-jerome-powell-amid-soaring-inflation\\\\\\\"\u003eBiden to meet Federal Reserve chairman Jerome Powell amid soaring inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Despite this, \u003ca href=\\\\\\\"https://opoyi.com/english/why-us-inflation-is-going-up-and-when-will-it-calm-down\\\\\\\"\u003einflation is nearing a four-decade high\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Recent economic data suggest that inflation may have peaked at 40-year highs in March, while economists warn that it could take some time before inflation recovers to healthy levels. In response, the White House is launching a month-long campaign to signify a strong emphasis on the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The effort began on Monday with President \u003ca href=\\\\\\\"https://opoyi.com/president-joe-biden-assures-us-inflation-is-expected-to-be-temporary\\\\\\\"\u003eJoe Biden\u003c/a\u003e's op-ed in The Wall Street Journal, and it continued on Tuesday with an Oval Office meeting between Biden and Federal Reserve Chairman \u003ca href=\\\\\\\"https://opoyi.com/who-is-jerome-powell\\\\\\\"\u003eJerome Powell\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Treasury secretary stated that Biden stated during the discussion that he \\\\\\\"shares the Fed's priority in lowering inflation, and that he believes strongly in his support of the independence of the Fed to take the steps that are necessary.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-us-fed-rate-hike-impacts-the-indian-rupee\\\\\\\"\u003eHow US Fed rate hike impacts the Indian rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Powell-led Fed has been chastised for taking too long to combat high inflation by withdrawing emergency economic stimulus and initiating interest rate hikes. However, the Fed has promised to raise interest rates quickly, and rates were raised by half a percentage point earlier this month for the first time since 2000. The Federal Reserve of the United States has indicated that it will continue to raise interest rates aggressively in the coming months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Aside from Yellen, a slew of other economic advisers have saturated cable news with the message that Biden is committed to lowering fuel, food, and housing prices, which have resulted to a drop in his support ratings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/theres-a-buffer-why-imfs-gita-gopinath-thinks-risk-of-a-recession-is-low-1\\\\\\\"\u003e'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yellen stated on Tuesday that the President is aware of \\\\\\\"what an important and huge burden inflation is placing on American households.\\\\\\\"\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Sucharita Ganguly","photo":null,"username":"sucharita","id":"z7GDvieuoSxc","role":null},"topics":[{"name":"JanetYellen","slug":"janetyellen","id":"yJu0YUmD2Tnk"},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S"},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9"},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS"},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R"},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp"},{"name":"WhiteHouse","slug":"whitehouse","id":"D8eqiqcxFZ1c"},{"name":"Biden","slug":"biden","id":"w3aFjwvXbPeA"},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S"},{"name":"Politics","slug":"politics","id":"ODQ1kqHlUPEu"},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv"}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sucharita Ganguly","id":"z7GDvieuoSxc","username":"sucharita"}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-05-31T23:20:30.932092+00:00","publisher":0,"sourceFeed":null,"cleanText":"As the Biden administration struggles to limit a growing political liability, US Treasury Secretary Janet Yellen conceded on Tuesday that she underestimated how long rising inflation would continue to afflict American consumers. I think I was wrong then about the path that inflation would take, Yellen told CNN in response to a question about her statements from 2021 that inflation constituted only a small risk. Also read: Eurozone inflation soars to record 8.1% amid rising energy and food costs,The revelation was the latest sign that the administration's hopes for a stabilising economy had been dashed by the ongoing pandemic and the war in Europe. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn't -- at the time -- didn't fully understand, but we recognize that now, Yellen said. Yellen and other White House officials initially characterised inflation as a temporary side effect of the economy recovering to normal after the pandemic, citing supply chain breakdowns and demand outstripping supply. Also read: Biden to meet Federal Reserve chairman Jerome Powell amid soaring inflation,Despite this, inflation is nearing a four-decade high. Recent economic data suggest that inflation may have peaked at 40-year highs in March, while economists warn that it could take some time before inflation recovers to healthy levels. In response, the White House is launching a month-long campaign to signify a strong emphasis on the economy. The effort began on Monday with President Joe Biden's op-ed in The Wall Street Journal, and it continued on Tuesday with an Oval Office meeting between Biden and Federal Reserve Chairman Jerome Powell. The Treasury secretary stated that Biden stated during the discussion that he shares the Fed's priority in lowering inflation, and that he believes strongly in his support of the independence of the Fed to take the steps that are necessary. Also read: How US Fed rate hike impacts the Indian rupee,The Powell-led Fed has been chastised for taking too long to combat high inflation by withdrawing emergency economic stimulus and initiating interest rate hikes. However, the Fed has promised to raise interest rates quickly, and rates were raised by half a percentage point earlier this month for the first time since 2000. The Federal Reserve of the United States has indicated that it will continue to raise interest rates aggressively in the coming months. Aside from Yellen, a slew of other economic advisers have saturated cable news with the message that Biden is committed to lowering fuel, food, and housing prices, which have resulted to a drop in his support ratings. Also read: 'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low,Yellen stated on Tuesday that the President is aware of what an important and huge burden inflation is placing on American households.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_wUOvSKrfq.jpg","role":2},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"Yellen,Fed,Biden,American,US Treasury,Janet Yellen,CNN,Europe,White House,the White House,Joe Biden,The Wall Street Journal,Oval Office,Federal Reserve,Jerome 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