largely

Indian Morning Briefing: Asian markets largely down at the start of the week

GLOBAL MARKETS DJIA 33745.69 199.37 0.59% Nasdaq 11146.06 1.10 0.01% S&P 500 3965.34 18.78 0.48% FTSE 100 7385.52 38.98 0.53% Nikkei Stock 27847.74 -52.03 -0.19% Hang Seng 17434.85 -557.69 -3.10% Kospi 2411.66 -32.82 -1.34% SGX Nifty* 18251.50 -96 -0.52% *Nov contract USD/JPY 140.43-44 +0.03% Range 140.50 140.17 EUR/USD 1.0289-92 -0.34% Range 1.0346 1.0289 CBOT Wheat …

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Post-pandemic fiscal spending is largely responsible for US inflation

Post-pandemic fiscal spending is largely responsible for US inflation

The writer is a professor at Columbia Business School, author of “The Wall and the Bridge” and served as Chairman of the Council of Economic Advisers under President George W Bush US inflation has been extremely high since the economy emerged from Covid-19 (although annual consumer price growth slowed to 7.7% in October). Much of …

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