Specialized search for economics

15+ min ago (250+ words) RBI governor Sanjay Malhotra expects the country's interest rates to remain low for a "long period", he told the Financial Times in an interview published on Wednesday. The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time", Malhotra told the newspaper. Malhotra said the RBI's economic forecast had not taken into account the potential effect of trade agreements currently under negotiation, which if sealed would raise India's economic growth. "The impact of the US trade deal could be as much as about half a percentage point," he told the FT. Malhotra told the FT that the most recent headline GDP figure "was surprising" and that the RBI, which had predicted 7% annual growth in the July-September quarter had to "improve our forecasting". The South Asian economy expanded at a sharper-than-expected clip of 8.2% in…...

25+ min ago (194+ words) The Wall Street Journal's conservative editorial board bashed President Donald Trump's favorite economic policy on Tuesday after the Bureau of Labor Statistics released its latest job market update. The latest data showed that the economy created 64,000 net new jobs in November following a decline of 105,000 in October. The Journal's editors noted in a new editorial that the figure "sounds worse than it is because the net jobs decline was all in government jobs." But one figure was conspicuously absent from the data, according to the editorial. The economy continued to lose manufacturing jobs, including 19,000 over the last three months. Trump has repeatedly claimed his signature tariff policy would create a resurgence in manufacturing jobs. "Some renaissance," the editorial reads in part. "If Mr. Trump wants a manufacturing revival, he'll drop his border taxes and let his other tax policies help…...

25+ min ago (577+ words) HONG KONG: Asian equities fluctuated on Wednesday (Dec 17) as mixed United States jobs data did little to boost expectations for another interest rate cut next month, while oil rallied after US President Donald Trump ordered the blockade of "sanctioned" Venezuelan tankers. With Federal Reserve officials indicating they were unlikely to lower borrowing costs for a fourth successive meeting, sentiment on trading floors has been subdued of late, compounded by worries over tech valuations and AI spending. Focus had been on the delayed release of key non-farm payrolls reports, which showed on Tuesday that the unemployment rate had jumped to a four-year high of 4.6 per cent in November, reinforcing views that the labour market was slowing. However, a forecast-beating 105,000 drop in jobs in October was blamed on the extended government shutdown - with many expected to return - while November's rise of 64,000 was…...

32+ min ago (622+ words) Silver price (XAG/USD) posts a fresh all-time high near $66 during the Asian trading session on Wednesday. The white metal extends its bull run as weak United States (US) employment data, Retail Sales, and flash S&P Global Purchasing Managers" Index (PMI) data raise economic concerns. The US Nonfarm Payrolls (NFP) report showed on Tuesday that the Unemployment Rate rose to 4.6% in November, the highest level seen since September 2021. In the same period, the economy created 64K fresh jobs, higher than estimates of 50K, but after firing 105K payrolls in October. Month-on-month Retail Sales remained flat in October, while it was expected to grow steadily by 0.1%. Meanwhile, preliminary S&P Global PMI landed at 53.0, sharply lower than 54.2 in November. Escalating US economic jitters have raised demand for safe-haven assets, such as Silver. The broader outlook of the Silver price has remained upbeat due…...

58+ min ago (90+ words) The Vice President, Prof Naana Jane Opoku-Agyemang, has reaffirmed the government's commitment to industrialisation and strong support for local manufacturing as she commissioned a new production line at SoftCare Company Limited in Accra. - You are only allowed to submit content which you have created yourself. - No nudity, pornography and any unlawful content is permitted. - You grant GhanaWeb the right to publish and use your content. - You allow GhanaWeb to communicate with you using the info you provide. - GhanaWeb reserves the right to reject/remove your content without explanation....

1+ hour, 4+ min ago (53+ words) The Dow Jones Industrial Average and the S&P 500 fell for a third straight session on Tuesday as tra Oops, something went wrong Dow, S&P 500 Fall For Third Straight Day Following Jobs Report The Dow Jones Industrial Average and the S&P 500 fell for a third straight session on Tuesday as tra...

1+ hour, 8+ min ago (348+ words) West Texas Intermediate (WTI), the US'crude'oil benchmark, is trading around $55.75 during the Asian trading hours on Wednesday.'The WTI price'climbs amid rising volatility around Latin American crude supply. Traders await the release of the'Energy Information Administration (EIA) crude oil stockpiles report later'on Wednesday. On the other hand, a possible peace deal'to end the war in Ukraine'might cap the upside for the WTI. Ukrainian President Zelenskiy said on Monday that talks between the US and Ukraine to end the war with Russia were "very constructive." The EUR/USD pair'steadies around the 1.1750 area during the Asian session on Wednesday, and for now, seems to have stalled the previous day's sharp retracement slide from the highest level since September 24. Meanwhile, the fundamental backdrop remains tilted in favor of bullish traders and suggests that the path of least resistance for spot prices remains to…...

1+ hour, 9+ min ago (522+ words) USD/CAD rebounds from a three-month low of 1.3730, recorded in the previous session, currently trading around 1.3770 during the Asian hours on Wednesday. The pair gains ground as the US Dollar (USD) finds support, as mixed labor market data did little to reinforce expectations of additional Federal Reserve rate cuts. The US November jobs report showed payroll growth of 64K, slightly above forecasts, but October figures were revised sharply lower, and the unemployment rate rose to 4.6%, the highest since 2021, underscoring a gradually cooling labor market. Retail sales were flat on the month, reinforcing signs that consumer demand is losing momentum. Fed officials are split over whether more easing of monetary policy is needed next year. The median Fed official penciled in just one reduction in 2026, but some policymakers see no further cuts. Meanwhile, traders anticipate two rate cuts next year. The USD…...

1+ hour, 16+ min ago (203+ words) The newest jobs report, insofar as the Trump administration has released any data so far, spells trouble ahead for the country, University of Michigan economist Justin Wolfers told MS NOW's Katy Tur on Tuesday afternoon. The revisions of prior months, Wolfers noted, also "painted a new and much bleaker picture." "If you look all the way back to 'Liberation Day' in April, it's possible that the economy has actually created no jobs at all. The printed numbers are a little higher, but they're widely expected to be revised down. So this is an economy that's stalled and maybe even going backwards," he said. "Well, that doesn't sound good at all," said Tur. "The expectation among the White House is that things are going to turn around come January, that 2026 is going to be their year with the economy. Any reason…...

1+ hour, 19+ min ago (311+ words) India is likely to post 7.5% real GDP growth in the next fiscal, with headline inflation staying within the Reserve Bank of India's comfort zone, Neelkanth Mishra, chief economist at Axis Bank, said. Mishra pegged trend GDP growth at 7%, but expects real GDP growth to exceed that level, supported by structural and regulatory reforms, lower borrowing costs, faster capital formation and a cyclical boost from policy easing. "The receding fiscal drag and supportive monetary policy will drive above-trend growth of 7.5%, while structural reforms and regulatory easing will lift growth over the medium term," Mishra said on Tuesday while outlining his outlook for FY27. He added that such growth is unlikely to stoke meaningful inflation at least over the next year due to slack in the economy. Mishra projected FY27 headline inflation at around 4%, even with above-trend growth and a likely rebound in food…...