The Dow Jones Industrial Average reversed higher Wednesday despite hot inflation data from the producer price index. Minutes from the Federal Reserve’s latest policy meeting are due out later in...
Tag: Inflation
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...
That Sky-High I Bond Interest Rate Will Be Coming Down to Earth
Inflation-adjusted Series I savings bonds have been the most enticing place to park your cash this year—nearly 10% interest, backed by the U.S. government, the safest investment around. In a few weeks...
Philip Lane of the ECB: inflation will return to 2%
According to the former Governor of the Central Bank of Ireland and ECB executive board member, there is no doubt, inflation will return to 2%. JUST IN: 🇪🇺 ECB member Philip Lane says they’ll ensure i...
S&P 500 And Nasdaq Post New 2-Year Lows After Fed Signals Higher Unemployment May Be Necessary To Tame Inflation
Topline Major indexes fell for a sixth straight day and closed at their lowest level in more than two years on Wednesday, after the Federal Reserve doubled down on its aggressive interest rate hiking ...
CPI, PPI And PCE – What’s The Difference Between U.S. Inflation Measures?
NEW YORK – AUGUST 14: With the focus on inflation, what do the different measures of Consumer Price … [+] Index (CPI) inflation, Producer Price Index (PPI) inflation and Personal Consumpti...
Fed Acknowledges Rate Hikes Will Fuel Unemployment—But Warns Inflation Could Cause ‘Far Greater Economic Pain’
Topline Ahead of a critical inflation reading, the Federal Reserve on Wednesday indicated it would continue an aggressive interest rate hiking campaign until there was more clear evidence that inflati...
Fed minutes October 2022:
Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according t...
4 Inflation Revelations From Home Depot’s 12-Foot Skeleton
Meet Skelly. Home Depot’s Halloween phenomenon – a 12-foot lawn skeleton that helped lift consumer … [+] isolation from the grave during the pandemic – continues to sell out. Photo courtesy of T...
I’m the US chief economist at Vanguard, and here are 5 things investors should consider now amid high inflation
“High inflation is unlikely to become a permanent feature of the economy,” said Vanguard’s U.S. chief economist and head of portfolio construction Roger Aliaga-Diaz. Vanguard Despite the Federal Reser...
BTC, ETH Move Higher Ahead of US Inflation Report – Coinotizia
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could...
September PPI Report Will Concern The Fed
Jerome Powell, chairman of the US Federal Reserve, takes notes during a Fed Listens event in … [+] Washington, D.C., US, on Friday, Sept. 23, 2022. The recent inflation in the Producer Price Ind...
USD/CHF forecast ahead of FOMC minutes and US inflation data
The USD/CHF price continued rising as the US dollar index continued surging. It rose to the parity level as investors waited for the upcoming FOMC minutes and the latest US consumer price index (CPI) ...
Inflation Predictions: The Labor Market Remains Resilient
Getty Images TL;DR • The latest jobs report is out and the economy added 263,000 new non-farm payrolls in September • Inflation continues to be a hot topic, with a very slight reduction predicted ahea...
BTC, ETH Move Higher Ahead of US Inflation Report – Market Updates Bitcoin News
Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. Cryptocurrencies have mostly consolidated ahead of the release, which many believe could...
Producer price index September 2022:
Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics. The producer price inde...
Bitcoin and Ethereum Prices Could Rise Amid Inflation
Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy might be going into recession or already is in one...
Dow Jones Futures: S&P 500, Nasdaq Hit Fresh Bear Market Lows; Big Inflation Reports Due
Dow Jones futures were little changed Tuesday night, along with S&P 500 futures and Nasdaq futures, as investors look ahead to big inflation reports and Federal Reserve news. X The Nasdaq and S&am...
Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you know,...
Bitcoin Could See More Pain As Inflation Spikes
Bitcoin trends lower moving towards the bottom of a range created in July when the cryptocurrency scored a multi-year low at $17,600. Now, BTC seems poised for further losses on low timeframes as macr...
IMF Cuts Economic Outlook And Warns Global Inflation Still Hasn’t Peaked
Topline The International Monetary Fund on Tuesday downgraded its forecast for the global economy next year and warned inflation will be worse than previously expected due largely to the ongoing disru...
Consumer inflation and spending expectations show sharp decline
A gasoline nozzle pumps gas into a vehicle in Los Angeles, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Inflation expectations and the outlook for household spending growth fe...
Crowd Sentiment towards Crypto Turns Bearish as Inflation Data Looms
The crypto market has not yet been able to find the right footing based on tightened macroeconomic factors and Russia’s invasion of Ukraine. As a result, crowd sentiment toward cryptocurrencies has tu...
France: € 100 billion in the fight against inflation
France allocates a total of €100 billion in the fight against inflation as a sort of Quantitative Easing measure instead of affecting interest rates as is happening across the Atlantic. France deploys...
Market rallies will be temporary until the Fed beats inflation
CNBC’s Jim Cramer on Monday warned that any market rally will be temporary until the economy cools down. “Right now you can get a bounce. Without some more data that shows the Fed’s ...
Takeaways from our meeting: Diversification, inflation data, Ford
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stay diversified Stocks fal...
Bitcoin Trades Flat Ahead of Inflation Report
● Bitcoin (BTC): $19,238 −1.2% ● Ether (ETH): $1,308 −1.0% ● CoinDesk Market Index (CMI): 952.64 −1.1% ● S&P 500 daily close: 3,612.39 −0.7% ● Gold: $1,675 per troy ounce −1.5% ● Ten-year Treasury...
Contractor Push For Inflation Increases Could Enable Profiteering
As Senator Elizabeth Warren has noted in two recent letters to Pentagon and arms industry officials, weapons contractors are working overtime to translate concerns about inflation in the defense secto...
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Online Holiday Discounts Could Reach Record Highs, Report Says—But Inflation Is Expected To Cut Into Spending
Topline Online sales during the 2022 holiday shopping season could hit $209.7 billion, according to data from Adobe Analytics, though the number represents the slowest pace of growth since 2015 due to...
Fed’s Evans says fighting inflation is the top priority even if that means job losses
Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs. Speaking three weeks before t...
Why Bitcoin Will Bloom In A Higher Inflation Environment
Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. The econ...