News 

Stealth taxes cut child benefit and leave families worse off, IFS warns

“Stealth taxes are forcing more people into higher tax brackets and cutting child benefit payments because the thresholds are not moving in line with inflation or wages, the Institute for Fiscal Studies has warned” writes Tim Wallace for telegraph.co.uk. As the ageing population puts more strain on the health and pensions budgets, its likely the Government will have to impose significant further tax rises on high and middle earners in the years ahead.Relying on inflation to pull more people into higher tax brackets means families are paying more tax even though…

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News Oil 

Import prices jump 0.6% in February, entirely on oil

“Most import prices barely moved, offering more evidence that inflationary pressures in the U.S. are bottled up The import price index climbed 0.6% last month, the government said Thursday” writes Jeffry Bartash for marketwatch.com. If fuel is excluded, however, import prices were unchanged.The numbers: The cost of imported goods shot up in February by the largest amount in nine months, but the increase stemmed entirely from higher fuel prices.The main driver: A 5% increase in the cost of fuel such as oil and natural gas.Earlier this week a pair of…

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News 

inflation increased by 0.17% in February

“The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent, lifted by gains in the costs of food, gasoline and rents” writes unknown author for cnbc.com. The core CPI had increased by 2.2 percent for three consecutive months on an annual basis.U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years. Source: cnbc.com

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GBP News 

Gold prices rise as US dollar weakens after U.S. inflation data released

“Gold tends to be viewed as a hedge against inflation, with readings of muted inflation providing little ammunition for gold bugs” reports etfdailynews.com. A core reading of inflation, stripping out volatile food and energy prices, edged 0.1% higher, representing the smallest rise since August.The aftermath of the Brexit vote could set the tone for gold.Year-to-date, GLD has declined -0.84%, versus a 5.18% rise in the benchmark S&P 500 index during the same period. Source: etfdailynews.com

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News Regulators 

Muted inflation is taking Fed out of the picture for bond buyers

“Expectations for shifts in U.S. central bank policy usually dictate where Treasury yields are headed” writes Sunny Oh for marketwatch.com. See: Inflation perks up in February to four-month high, CPI shows Without having to worry about inflation and an aggressive Fed, investors have steadily moved into bonds.Another round of lackluster inflation data on Tuesday helped affirm suspicions that the Federal Reserve is now a peripheral player in the bond market.Slow inflation growth can limit the corrosive influence of price pressures on bond’s fixed-interest payments and diminish the possibility of rate…

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News 

Inflation perk ups in February, CPI shows, but not enough to set off any alarm bells

“The numbers: Americans paid more for rent, food, gas and clothes in February, triggering the biggest increase in inflation in four months” writes Jeffry Bartash for marketwatch.com. The biggest increase in food has taken place outside the home at restaurants and other places that prepare meals.What happened: Gasoline prices edged up for the first time in four months and the cost of food rose sharply in February.Another closely watched measure of inflation that strips out food and energy rose 0.1% last month, the smallest advance since last August.The increase in…

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Futures News 

S&P, Nasdaq futures extend gains after inflation data

“S&P 500 e-minis were down 0.25 points, or 0.01 percent and Nasdaq 100 e-minis were up 7.5 points, or 0.1 percent” writes Midwest Communications Inc for 95kqds.com. Moments before the data, Dow e-minis were down 68 points, or 0.27 percent.ET, Dow e-minis were down 26 points, or 0.1 percent.(Reuters) – S&P and Nasdaq futures moved higher on Monday after a Labor Department report showed U.S. consumer prices rose for the first time in four months in February, but Boeing’s drop for the second day weighed on the Dow futures. Source: 95kqds.com

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News 

U.S. inflation forecasts decline, supporting rate-hike holiday

“It showed one- and three-year ahead inflation expectations were down 0.2 percentage points to 2.8 percent last month, with sharp declines in expected medical care expenses” writes Midwest Communications Inc for 95kqds.com. Economists are debating whether rising wages and low unemployment figures still translate into higher inflation as orthodox economic theory assumes.The New York Fed’s survey found that consumers expected tame inflation despite also forecasting their own wages would rise.NEW YORK (Reuters) – U.S. consumers expect prices to rise more slowly, according to the Federal Reserve Bank of New York,…

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News Regulators 

EUR/USD Forecast March 11-15- Dovish ECB sends euro to 21-month low

“With the ECB in no mood to raise rates anytime soon, investors are not finding the euro particularly attractive, even with the Fed sending a dovish message to the markets” writes Kenny Fisher for forexcrunch.com. Nonfarm payrolls were a disaster, plunging to just 20 thousand, This was much worse than the forecast of 180 thousand.Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. A dovish message from the ECB was clearly not to investors’ liking, as the euro fell sharply. Source: forexcrunch.com

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