(Photo by Kevin Dietsch/Getty Images) Getty Images Key Takeaways The US inflation rate is currently at 7.7%, which remains high by historical standards. However, on a global scale it looks practically...
Tag: Inflation
Cost Of Thanksgiving Dinner Rises By 20 Percent In 2022 [Infographic]
Inflation has caused Americans’ grocery spending to significantly rise this year and now the increase in prices is also making one of the country’s favorite meals that much more expensive. According t...
2 takeaways after area PMIs hint at a brighter inflation outlook
While the world is focused on the FIFA World Cup tournament and the Thanksgiving holiday this week, some important economic data worth considering was released. Yesterday, in particular, was crucial f...
Reasons to say ‘no’ to a store credit card offer this Black Friday
Prostock-studio | Istock | Getty Images In the rush at the store checkout this holiday season, you may be tempted to say yes when asked if you want to apply for a store credit card — especially if you...
Fed minutes November 2022:
Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednes...
Hyundai’s best years in the U.S. face an Inflation Reduction Act test
Drew Angerer | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S. The South Korean automaker has successfully moved from bargain economy veh...
This Thanksgiving, Be Grateful The Turkey On Your Table Avoided Avian Flu
Holiday season 2022 could be the first of many ravaged by bird flu as the worst-ever U.S. outbreak has yet to be contained. Here’s a conversation starter if there’s a lull around the Thanksgiving tabl...
Most retirees and near-retirees are worried about the stock market and inflation. Here’s what they’re doing about it.
The declines in the stock market, surging inflation and rising interest rates have eroded investors’ confidence about their retirement, according to a new report by Janus Henderson Investors. A total ...
Wharton Professor Jeremy Siegel says stocks will soar 20% next year as inflation fades—but legendary investor Bill Ackman says not so fast
In boardrooms at Fortune 500 companies, at swanky Wall Street bars, and in the halls of business schools across the country, there’s been a consistent debate over “what’s next?” for U.S. inflation ove...
Retiring baby boomers are getting wiped out by inflation and a volatile stock market: ‘It’s extremely scary’
Anita Cowles planned to be on a river cruise in Europe next year, taking in the sights and sounds of vibrant cities, sprawling palaces, and medieval fortresses thousands of miles away from her Alabama...
Fed May Lift Interest Rates to 8%-9%, Economist Says
The big question raging through financial markets is how much more the Federal Reserve will raise interest rates. Since it began its rate-hike campaign in March, the Fed has lifted the federal funds r...
Goodwill helps bring thrifting into the mainstream with online store
Whether consumers are looking to save or are hunting for a buried treasure, the resale business is booming. During the Covid pandemic, secondhand stores such as eBay, the RealReal and ThredUp thrived ...
Fed’s Mester wants more progress on inflation before ending interest rate hikes
Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowl...
Looking for inflation protection, TIPS should be on your radar
In all the hoopla to grab I bond’s high rate before it slid this month, Treasury inflation-protected securities, or TIPS, took a backseat for many inflation-spooked investors. But they’re worth consid...
Thanksgiving Turkey Shortage, Prices Up 20% With Avian Flu, Inflation
Avian influenza and inflation have led to a turkey shortage and higher turkey prices for … [+] Thanksgiving. (Photo by James Carbone/Newsday RM via Getty Images). Newsday via Getty Images Thanks...
Retail Discounter TJX Is Thriving as Inflation Pressures Consumers
Text size These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the vi...
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission – Economics Bitcoin News
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluat...
Investors: Federal Reserve’s Inflation Fight Moves From ‘Passive’ To ‘Active’ Tightening
Fed Chair Jerome Powell Delivers Semiannual Monetary Report At Senate Hearing on June 22, 2022 in … [+] Washington, DC (Photo by Win McNamee/Getty Images) Getty Images The Federal Reserve’...
USD/JPY price forecast amid inflation reaching a 40-year high
As the end of the trading year nears, one of the most exciting market moves in 2022 was the Japanese yen’s sharp decline. All JPY pairs moved higher, but one, in particular, stands out of the crowd – ...
How to afford a mortgage as interest rates and home prices rise
It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “ty...
Inflation Eases, Consumers Spend, Jobs Multiply
Retail’s Christmas Miracle: Inflation Eases, Consumers Spend, Jobs Multiply getty Keep the champagne on ice for now, but the people have spoken, and the message seems clear — we’ve gotten used to expe...
Fed’s Collins expresses hope that inflation can be tamed without hitting jobs
Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doi...
History says inflation could persist for a decade
If you are a retiree, or even near to retirement, you are probably more vulnerable to inflation than most. Your cost of living is probably rising faster than your income. You’re lucky if any pension o...
AT&T exec says ‘it’s only a matter of time’ before people ‘really’ feel inflation
AT&T Inc. Chief Financial Officer Pascal Desroches says “it’s only a matter of time” before consumers start to “really” feel the impact of inflation, but he thinks the wireless business will prove...
Opinion: Opinion: What Bullard got wrong about a 7% fed funds (and why he said it anyway)
An influential Federal Reserve official briefly spooked the stock SPX, -0.31% and bond TMUBMUSD10Y, 3.769% markets on Thursday by warning that the central bank may have to raise interest rates much fu...
The Long-Term Trouble With Gold
Why isn’t the price of gold going up? getty I have never been a fan of gold as an investment, ever since I was an investor in short pants. Even though my first stock at 8 years old was a gold mi...
Inflation Has Meant Good Times For These Five Companies
Three energy companies, a fertilizer firm and a drug maker have all been doing super well while most of the rest of the U.S. grapples with soaring prices. There’s a silver lining to the worst inflatio...
UK Inflation Soars to 11.1%, Highest in 41 Years
The United Kingdom is currently in one of the most troubling recessions on record as the Bank of England has continued to exert monetary policies to control inflation. The growing inflation in the Uni...
Bitcoin, Ethereum and Stocks Rebound as Inflation Shows Signs of Turning
Bitcoin and Ethereum jumped Tuesday along with stocks on positive news coming out of the U.S. about inflation. At the time of writing, the biggest cryptocurrency by market cap was up 3.4% in 24 hours...
Inflation Might Be Cooling But Thanksgiving Dinner Prices Are Still Red-Hot
Topline The cost of a Thanksgiving meal will be the highest ever this November, according to American Farm Bureau’s annual survey, an unfortunate reminder of the inflation headache that Americans, inv...
Fed must keep raising rates until it is certain inflation has stopped climbing, Kashkari says
The Federal Reserve needs to keep raising interest rates until it is sure inflation has hit a ceiling, said Minneapolis Fed President Neel Kashkari on Thursday. The central bank can’t be overly persua...