Evercore ISI is comparing the bank stress to another critical time on Wall Street: The year of the savings and loan crisis and epic crash. “To think you would see financial stress of this kind d...
Tag: Consumer prices
Consumer price index January 2023:
Inflation turned higher to start 2023, as rising gas and fuel prices took their toll on consumers, the Labor Department reported Tuesday. The consumer price index, which measures a broad basket of com...
Fed is not your friend
As Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal Reserve chair J...
Taylor Swift says fans will reduce high egg prices. 3 things to know
Taylor Swift attends the 65th Grammy Awards on Feb. 5, 2023 in Los Angeles. Jeff Kravitz | Filmmagic, Inc | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space,...
Why inflation hit these 10 items hardest in 2022
David Paul Morris/Bloomberg via Getty Images Inflation popped in 2022 to a level unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among foo...
Consumer prices fell 0.1% in December, in line with expectations from economists
Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday. The consumer price index,...
What Is Hyperinflation? Everything You Need To Know
Getty Images Key takeaways Inflation grew another 0.4% month-over-month in October, bringing annual inflation to 7.7% As interest rate hikes and rising prices compete, people have begun asking if the ...
Why investors may want to add retail ETFs to their cart
‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “...
Inflation boosts average household spending by $433 a month: Moody’s
People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month to buy the same goods and services it did a ...
As TV prices dip 17%, Black Friday shoppers may find ‘excellent deals’
Artistgndphotography | E+ | Getty Images Televisions are among just a handful of consumer goods and services that have dropped in price in the last year — which may translate to steep discounts for sh...
Consumer prices rose 0.4% in October, less than expected, as inflation eases
The consumer price index rose less than expected in October, an indication that while inflation is still a threat to the U.S. economy, pressures could be starting to cool. The consumer price index, a ...
An S&P 500 ETF delivering double-digit percentage dividends
Investors may want to consider JPMorgan’s Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&...
How to reduce the impact of higher consumer prices due to inflation
Cavan Images | Cavan | Getty Images Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analyti...
Here’s the inflation breakdown for September 2022 — in one chart
Inflation was a bit hotter than expected in September, with monthly gains fueled primarily by housing, food and medical care, the U.S. Bureau of Labor Statistics said Thursday. Inflation measures how ...
Consumer price index September 2022:
Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. The consumer price index for the month...
Moody’s Mark Zandi sees relief within 6 months
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices s...
Fed should hike interest rate rates 150 basis points: Wells Fargo
It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s R...
BofA predicts breakout in mergers due to downcycle
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn...
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
Walmart Jumps Over 5% After Solid Earnings And Further ‘Progress’ Reducing Inventory Levels
Topline Shares of the nation’s largest retailer, Walmart, surged over 5% on Tuesday after the company reported revenue and profits that came in above Wall Street expectations, while management also ci...
Premium products take priority as companies battle cost-of-living
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri ...
Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, pr...
Inflation Spiked 8.5% In July—Slowing For The First Time In Months As Gas Prices Fall From Recent Highs
Topline As rapid inflation continues to fuel recession fears, new data showed consumer prices rose 8.5% in the 12 months ending in July—slowing down for the first time in months in a potential sign th...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a ...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Political Ads Targeting Inflation Ahead Of Midterm Elections Could Force The Fed To Keep Hiking Rates: Goldman Sachs
Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices...