Topline The stock market moved higher on Monday, extending recent gains ahead of a key inflation report this week, with investors hoping for more signs that high consumer prices have peaked as the Fed...
Tag: Inflation
Fed Mega-Hike Expected On September 21, Despite Tamer Inflation Forecasts
WASHINGTON, DC – JUNE 19: Federal Reserve Board Chairman Jerome Powell is expected to announce a … [+] 50bps to 75bps rate increase on September 21 according to market futures. (Photo by M...
Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
People shop at a supermarket in Montebello, California, on August 23, 2022. Frederic J. Brown | AFP | Getty Images Lower gas prices are raising optimism that inflation is on the decline, according to ...
More than half of Americans are living paycheck to paycheck — even the wealthy are feeling the heat of continued inflation
‘It’s everyone. It’s all of us’: More than half of Americans are living paycheck to paycheck — even the wealthy are feeling the heat of continued inflation Pushing yourself to save can be ...
E-Commerce Inflation Returned In August, After A One-Month Break
Online prices rose 0.4% year-over-year in August, according to the Adobe Digital Price Index, after … [+] declining in July. getty Online inflation returned in August, after taking a brief break...
What Hath Washington Wrought: Part 3
US President Joe Biden signs the Inflation Reduction Act of 2022 into law. (Photo by MANDEL NGAN / … [+] AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images This is the last in...
Inflation May Have Slowed in August. That May Not Be Good News.
Text size Markets have been waiting for a clearer indication that inflation is coming down from its highest point in four decades. Michael M. Santiago/Getty Images Inflation is expected to have slowed...
How Profit Inflation Made Your Groceries So Damn Expensive
Price inflation, driven by corporate profits amidst supply chain challenges. getty The Federal Reserve has been raising interest rates at an unprecedented rate. This attempt to tamp down inflation is ...
Treasuries Suggest Fed Can Tame Inflation Without Killing Growth
(Bloomberg) — The bond market is signaling that in the matter of the Federal Reserve versus inflation, its money is on the US central bank. Most Read from Bloomberg Demand for inflation protecti...
Fed Rush to Cool Inflation Set to Continue With Another Big Hike
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve officials look on track for another jumbo ...
Oil Prices Slump as Recession Fears Grow
Another turbulent week in oil markets carried crude prices to their lowest point since January, with thin trading and a blurry outlook for supply and demand driving a fitful 30% decline from this year...
Despite What Economists Believe, Putting People Out of Work Does Not Reduce ‘Inflation’
Recently the New York TimesNYT reported on the ShotMaster Pro, a remarkable piece of machinery that can make eight different espressos at a time, or 700 per hour. The cost of this modern “robot” is $5...
Despite War and Inflation, Crypto Markets Continue to Mature (KPMG)
The leading global accounting firm – KPMG International – claimed in one of its recent reports that the cryptocurrency market has displayed growing maturity in the past several months. This comes desp...
Buy US High-Yield Debt as Inflation Hedge, Nuveen’s Malik Says
(Bloomberg) — It’s a good time to put money into assets that benefit from an inflationary environment, such as US high-yield debt, according to Nuveen Chief Investment Officer Saira Malik. Most ...
How Ethereum’s monetary policy will change after The Merge
Ethereum is on the brink of The Merge, which will transition the network from proof of work to proof of stake. This major shift is being undertaken primarily to reduce the network’s energy consumption...
Inflation Could Be Harder to Tame Than the Fed Anticipates
Text size Another 75-basis-point hike in the federal-funds target is looking very, very likely. Ting Shen/Bloomberg Market participants returned from their summer holidays apparently undaunted by the ...
California’s Extreme Heat, Cooking With Lynja On Forbes Top Creators, And A Game-Changer For Fast-Food Workers
It may be back to school, but summer’s heat is far from over. Horrifying temperatures have been hitting California, particularly. In downtown Sacramento on Tuesday afternoon, a 100-year-old record was...
Paul Volcker didn’t wait for inflation to get back to 2% before pivoting
Paul Volcker is back in the limelight after Federal Reserve Chair Jerome Powell approvingly cited his interest rate-hiking flurry to tame inflation back in the 1970s. But what’s less talked about is t...
Latest Forecasts Optimistic On Upcoming CPI Inflation Reports
President Biden has drawn attention to lower gasoline prices, which could lead to further mild CPI … [+] reports, but will this be enough for the Fed? (Photo by Jim WATSON / AFP) (Photo by JIM W...
Inflation Is Mucking Up the Numbers for Fed Balance-Sheet Runoff
(Bloomberg) — Three months after the Federal Reserve stopped reinvesting all of the maturing Treasury securities in its portfolio — allowing $30 billion a month to run off — its hold...
Are We In A Goldilocks Economy?
Getty Images Key takeaways In light of moderating economic data, some economists believe we could be headed toward a “Goldilocks economy” – or in one already Goldilocks economies are “just right,” wit...
Bitcoin’s ‘Inflation Hedge’ Case Is Dead; Crypto Leader Heading To $12k
Bitcoin was once considered digital gold. Like gold, it would be a hedge against inflation. Not so. … [+] (Photo by Chesnot/Getty Images) Getty Images Ladies and gentlemen, I hate to say this, b...
How Inflation Affects Grocery Stocks Like Kroger, Walmart And Costco
| Getty Images Key takeaways Even during times of high inflation, people need to eat, meaning grocery stocks tend to perform better than other industries in volatile markets. Grocery stores can pass a...
With inflation, many retirees will pay more federal income taxes
The federal income tax is generally indexed for inflation. Most particularly, the income brackets to which the marginal tax rates apply are increased in line with the “Chained CPI-U.” While the chaine...
European Central Bank makes the largest-ever rate hike to tackle inflation
Despite fears of a potential recession in the eurozone caused by rising energy prices, the European Central Bank (ECB), on September 8, raised interest rates by a record 75 basis points to tackle the ...
Inflation expectations are ‘collapsing’ — here’s why that could spur a rebound in stocks
A closely watched U.S. bond-market gauge of near-term inflation expectations has fallen below the Federal Reserve’s 2% target for the first time in two years in a sign that stocks could find some near...
ECB Rate Hike Means Recession Looms, Oil Bull Running On Fumes
ECB raises its main overnight lending rate to 1.25% from 0.5% on Thursday. It has a long way to go … [+] if it wants to fight 8.9% inflation in Western Europe. (Photo by Hannelore Foerster/Getty...
Cathie Wood Sees Deflation, Lays Blame on Powell
For months famed investor Cathie Wood has said that the Federal Reserve should cease raising interest rates, that the economy is seeing deflation rather than inflation and that it’s in recession...
Renowned strategist Tom Lee says inflation could be ‘falling far faster than expected’ — here’s the 1 left-for-dead sector to bet on if that holds true
Renowned strategist Tom Lee says inflation could be ‘falling far faster than expected’ — here’s the 1 left-for-dead sector to bet on if that holds true According to Fundstrat’s Tom Lee, rampant ...
Opinion: Americans are feeling poorer for good reason: Household wealth was shredded by inflation and Fed tightening
U.S. households’ real wealth plunged at a record 20.9% annual rate to $143 trillion in the second quarter of the year, with modest gains in home values offset by high inflation and a big selloff in th...