Inflation data published Friday show that consumer price growth reaccelerated in January, marking the latest sign that the U.S. economy is defying the Federal Reserve’s attempts to cool demand. The da...
Tag: Inflation
The Fed is gearing up for a longer-than-expected inflation fight
Two Federal Reserve officials suggested Friday morning that inflation could persist longer than thought after the central bank’s most closely watched inflation gauge surged by the most in months...
Dow Jones Dives 500 Points On Hot Inflation Report; Tesla Stock Skids Below $200
The Dow Jones futures Industrial Average dived 500 points Friday on a hotter-than-expected inflation report. Meanwhile, Square-parent Block (SQ) jumped 2%, even after reporting fourth-quarter earnings...
El-Erian Says Market Doubts Fed Can Hit Its 2% Inflation Target
(Bloomberg) — Mohamed El-Erian says the financial markets are starting to doubt whether the Federal Reserve can bring inflation down to its 2% target. Most Read from Bloomberg El-Erian, the chai...
Fed’s Preferred Inflation Measure Supports Further Rate Hikes
File – Federal Reserve chairman Jerome Powell speaks during a news conference, Wednesday, Feb. 1, … [+] 2023, at the Federal Reserve Board in Washington. On Wednesday, the Federal Reserve ...
Dow Falls 400 Points As Surprisingly Hot Inflation Data Threatens More Aggressive Fed Policy
Topline The stock market resumed a recent sell-off on Friday after the Federal Reserve’s most closely watched inflation indicator came in hotter than expected—adding to a slew of recent data poi...
Fed can’t tame inflation without more rate hikes, paper says
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. ...
Ether, bitcoin track Nasdaq, S&P declines as new data keeps inflation fears in focus
Crypto and traditional assets sank after U.S. data showed inflation persisting. Bitcoin traded down about 1.5% to $23,785 at 8:45 a.m. EST, while ether fell about 1% to around $1,639. The...
Key Fed inflation measure rose 0.6% in January, more than expected
A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The personal consumption expe...
Fed’s Mester says she has hope that inflation can be brought down without a recession
Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. Gary Cameron | Reuters Cleveland Federal...
U.S. stock futures weaken ahead of key inflation data
U.S. stock futures on Friday edged lower, as investors awaited key data on inflation for further clues on whether the Federal Reserve will have to keep lifting interest rates. What’s happening Dow Jon...
OECD says global economic outlook ‘slightly better’ for 2023
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the globa...
Dow Jones Futures: Nasdaq Rallies Up To Resistance On Nvidia; All Eyes On PCE Inflation Report
Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures. Booking Holdings, MercadoLibre and Square were notable earnings reports late Thursday, while Boeing (BA) h...
Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that the Federal Reserve has lost some control of inflation, but noted the U.S. economy continues to show signs of strength. “I have all the respect ...
The bond market’s worst-case scenario isn’t a Fed rate of 6%. It’s this.
A doomsday scenario for bonds in 2023 wouldn’t be the fed-funds rate reaching 6% by July. A bigger worry would be if U.S. inflation that’s been slow to retreat starts heading higher annually, said Jas...
Inflation Horror Story Isn’t Over. Just Ask Australia.
Philip Lowe seems intent on driving Australia’s economy into recession to get inflation back into the 2% to 3% range. Lisa Maree Williams/Getty Images Economists are scrutinizing every piece of data, ...
Albertsons Is Entering The Digital Health And Telehealth Space
Earlier this month, Albertsons announced the launch of Sincerely Health, a digital wellness, health, and care platform. The company explained that the platform’s main goal is to improve the well-being...
Jim Bianco warns stocks face serious competition
Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
We’re in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official
A “blowout jobs report” pushed the unemployment rate to a 53-year low of 3.4% in January, and despite persistent inflation, consumers keep fueling the economy with robust spending. Normally, that woul...
Fed Wants ‘Substantially’ Lower Inflation Before Easing Interest Rates—And Some Officials Backed More Aggressive Hikes
Topline With inflation continuing to run hotter than expected, the Federal Reserve is showing no signs of backing down on its aggressive monetary policy, according to notes from the Fed’s policy...
These 3 Just Hit New Highs
Inflation, food getty Levels of food price inflation continue higher as the Fed considers taming the phenomenon through the use of higher interest rates for longer periods of time. In the meantime, ce...
Minutes show Fed members resolved to keep fighting inflation
Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes rel...
The Inflation Reduction Act Will Bring Some Manufacturing Back To The U.S.
A battery is installed in an electric Hummer at the General Motors Factory ZERO electric vehicle … [+] assembly plant in Detroit, Michigan. (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Ge...
Walmart CEO Doug McMillon vows to fight inflation
Doug McMillon, president and CEO of Walmart. Adam Jeffery | CNBC Walmart CEO Doug McMillon wants to help bring inflationary prices down by keeping his company’s own private brands priced low, te...
Higher Interest Rates Might Drive Inflation, And We Need To Decide Very Quickly If That Is True
A surprising number of economists have recently said that they believe high rates drive inflation. This is scary for two reasons. The first reason is that the people in charge may be wrong about one o...
Inflation drives 2023 wedding costs up even as nuptial boom winds down
The explosive wedding boom seen last year is winding down, but the average cost of nuptials is still going up, according to new data from Zola. Couples will shell out an average of $29,000 this year ...
Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation
St. Louis Federal Reserve President James Bullard expressed confidence that the central bank can beat inflation and advocated Wednesday for stepping up the pace in the battle. Bullard told CNBC that a...
Here Are The Major Companies Raising Employee Wages In 2023
Topline Home Depot announced on Tuesday it will spend $1 billion to raise hourly employee wages, making it the latest major company raising worker pay to compete in one of the tightest job markets in ...
Why global recession fears have usurped inflation – a Report
If there is one thing to sum up 2022, it is inflation. The scourge of rising prices engulfed nations worldwide, throwing markets into disarray and sparking the most uncertain time ecnonomically since ...
Walmart earnings preview: retailer vulnerable to inflation, but remains king of retail
Walmart Inc. (NYSE: WMT) will report Q4 and full-year results Tuesday morning. The retailing giant will be closely watched amid a difficult environment dominated by economic and inflation concerns at ...
Is Inflation Set To Stick Around?
Bond yields are on the rise Getty Treasury yields hit new highs last week, with 10-year yields hitting 3.86% and two-year reaching 4.6% The highs come after data on labor and prices showed the US econ...
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Mean...