Federal Reserve Chairman Jerome Powell.(Photo Credit: AFP)
- The central bank chief remained steadfastly noncommittal about the rescue package
- He insisted that the Fed will keep rates at the current level near zero until the economy reaches "maximum employment"
- Powell has said the true level of joblessness is closer to 10% than the official rate of 6.3% in January
Gold in India is seen as both an investment and ornaments. (Photo credit: Representative Image/Unsplash)
- India is one of the largest consumer of gold with more than 25% od global demand share
- According to Gold Outlook 2021, Gold was one of the best performing major assets of 2020
- Here are a few factors that affect the gold prices and should be kept in mind by a potential investor
The markets in the US have been unpredictable after the government plans to increase spending for the stimulus package (Photo Credit: Representational Image/ Unsplash)
- A jump of 5.3% was in the retails sales, similar to the time when a package was put into force in December
- The producer price index which measures wholesale inflation spiked 1.3%
- The Down Jones Industrial Acerage ended at a 0.3% jump
16 Feburary
The sharp increase in prices has come despite the RBI and economists flagging the consistent decline in food prices over at least the last two months.. (Photo Credit: Representative Image/Pixabay)
- Cooking gas prices have been increased by Rs 75 within 10 days in February and in Delhi, a cylinder now comes for Rs 769
- A kilogram of onions was selling for Rs 54 in Delhi on Sunday morning, up by Rs 20 from January 1
- Analysts expect retail (CPI) inflation to begin rising in February-March, 2021
The wholesale price-based inflation rose to 2.03% in January, 2021, even as food prices cooled. (Photo Credit: Unsplash)
- The WPI inflation was 1.22% in December, 2020 and 3.52% in January last year
- While food articles saw softening in inflation in January, manufactured items witnessed hardening of prices
- Food inflation in January stood at (-) 2.8%, against (-) 1.11% in the previous month
US President Joe Biden has proposed a massive spending plan. (Photo Credit: AFP)
- Summers' critique was echoed by former IMF chief economist Olivier Blanchard
- Treasury Secretary Janet Yellen acknowledged inflation is "also a risk"
- The president's rescue plan would provide for stimulus checks, expanded unemployment benefits and aid to small businesses
The CPI rose 0.4% in December, seasonally adjusted, in line with analysts' forecasts. (Photo credit: Representational/ Unsplash)
- The consumer price index (CPI) increased 1.4% for 2020
- In comparison, the country saw 2.3% inflation in 2019
- The food index, both for meals at home and away, rose 0.4 percent
12 January
The retail inflation for the month of November was 6.93%. (Photo Credit: Unsplash)
- Food inflation declined to 3.41% in December
- India’s retail inflation fell sharply to 4.59% in December
- The retail inflation fell mainly due to declining food prices
14 December 2020
The Consumer Price Index released the data on Monday. (Photo Credit: Unsplash)
- The inflation, according to the Consumer Price Index (CPI), stood at 7.61% in October
- The data displayed inflation in the food basket in November to be at 9.43%
- The Centre has mandated the RBI to keep the inflation at 4%
The wholesale price-based inflation rose to a 9-month high of 1.55% in November. (Photo Credit: Unsplash)