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Tag: Inflation
Asian shares mostly higher as inflation worries dog Wall St
BANGKOK (AP) — Shares were mostly higher in Asia on Monday after Wall Street closed out another bumpy week with a mixed performance. U.S. futures edged lower, while oil prices advanced. U.S. markets w...
Whatever Happens With ‘Inflation,’ Don’t Cheer/Jeer the Fed for the Outcome
It was reported last week that the January Consumer Price Index (CPI) rose .5%, which was up from the previous month. So while the number is falling, some think the .5% jump versus .1% the previous mo...
Fed’s Preferred Inflation Gauges Seen Running Hot
(Bloomberg) — The Federal Reserve’s preferred inflation gauges this week, along with a groundswell of consumer spending, are seen fomenting debate among central bankers on the need to adjust the...
Economist Warns the Fed Can’t Reach Inflation Target Without ‘Crushing’ US Economy – Economics Bitcoin News
Economist Mohamed El-Erian, Allianz’s chief economic advisor and chair of Gramercy Funds Management, has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S...
Sticky inflation opens door to steeper Fed rate hike in March
Pervasive inflation, a hot job market and a resilient consumer have put the option of a half-percentage-point interest rate hike on the table when the Federal Reserve meets at the end of March. In sep...
Stock Market Rally Extends Pause Amid Hot Inflation; Tesla, Shopify, Airbnb In Focus: Weekly Review
The stock market rally continued to consolidate, with the major indexes falling to the bottom or below their recent ranges on Friday as Fed fears mounted. Consumer and wholesale inflation came in hott...
Agnico Eagle Shares Sink as Inflation Sideswipes Earnings
(Bloomberg) — Agnico Eagle Mines Ltd.’s stock faced its biggest drop in more than two years after reporting inflationary headwinds and lower-than-expected sales in its latest earnings. Most Read...
‘The risk is that we’re going to hit the brakes very, very hard,’ Larry Summers says
“‘The risk is that we’re going to hit the brakes very, very hard.’ ” — Larry Summers Almost a full year of monetary-policy tightening by the Federal Reserve appears to be having little impact on price...
Housing Market Slows Again As Hot Inflation Drives Up Mortgage Rates—Here’s What That Means For Buyers
Topline Prospective home buyers are once again starting to shy away from buying a house as stubbornly high inflation readings push mortgage rates to the highest level since November—spurring a renewed...
Is Inflation Now Out Of Control?
UNITED KINGDOM – OCTOBER 17: Upper detail of Phillip’s Economic Computer, the machine conceived by … [+] Bill Phillips (1914-1975), a New Zealand-born engineer turned economist. Phil...
Dow Jones Futures Fall After Hot Inflation, Tesla FSD Recall Hit Market Rally; DoorDash Runs On Earnings
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. Applied Materials and DoorDash were key earnings after the close. X The stock market rally pulled back T...
Markets fall on hot economy, chance of 0.5% rate hikes
James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. David Paul Morris | Bloomberg | Getty Images...
Dow Jones Dives On Inflation Data Surprise; Elon Musk Lashes Out Amid Big Tesla Recall
The Dow Jones Industrial Average closed at lows for the day. Tesla (TSLA) CEO Elon Musk lashed out amid a big product recall. Virgin Galactic (SPCE) reversed amid a mother ship flight, while Microsoft...
Dow Falls 400 Points After Fed Official Warns Hot Inflation Data Serves As ‘Cautionary Tale’
Topline Stocks fell into negative territory for the month on Thursday after data showing prices paid among producers surged more than expected in January—raising the risk that inflation may stop slowi...
Americans are drowning in credit card debt thanks to inflation and soaring interest rates
Credit card debt skyrocketed during the last three months of 2022, as Americans shopped their way through the holidays and potentially into financial trouble. Americans’ collective credit card balance...
Russia’s War In Ukraine Might Have Pushed Millions Into Extreme Poverty, Researchers Warn
Topline Soaring energy prices triggered by Russia’s invasion of Ukraine could have pushed millions of people around the world into extreme poverty in 2022, researchers warned on Thursday, urging gover...
Dow Jones Dives 400 Points On Hot Inflation Data; Shopify Plunges On Earnings
The Dow Jones Industrial Average sold off as much as 411 points Thursday morning after hotter-than-expected wholesale inflation data, as well as a surprise drop in weekly jobless claims. Shopify (SHOP...
Producer price index January 2023:
Inflation rebounded in January at the wholesale level, as producer prices rose more than expected to start the year, the Labor Department reported Thursday. The producer price index, a measure of what...
Dow Falls 400 Points As Fed Official Warns Hot Inflation Data Serves As ‘Cautionary Tale’
Topline Stocks fell into negative territory for the month on Thursday after data showing prices paid among producers surged more than expected in January—raising the risk that inflation may stop slowi...
A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets
Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Pool | Reuters LONDON —...
U.S. stocks don’t seem bothered by inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is fro...
U.S. stocks don’t seem concerned about inflation
People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC...
Inflation Cooled in January, but Analysts Fear a Plateau
While inflation eased slightly in January, Tuesday’s Consumer Price Index print still came in higher than expected. The pace of higher prices cooling may be starting to plateau, analysts fear. T...
10.1% UK inflation could impact crypto growth in 2023
Recent reports indicate that the inflation rate in the U.K. stood at 10.1% in January this year, remaining at double-digit figures. UK inflation is relatively high Inflation rates have been massively...
U.S Inflation Falls to 6.4%, Higher than Expected, What Does this Mean?
Join Our Telegram channel to stay up to date on breaking news coverage Inflation in the United States slowed and increased at an annual rate of 6.4% in January, according to data issued by the Bureau ...
Bitcoin reacts strongly to new inflation print
A slight improvement in inflation for the month of January has led to the crypto market reacting strongly to the upside. A rather modest down tick in the new inflation print for January might have bee...
Americans are spending despite high inflation. That means rate hikes
Fresh economic data this week shows Americans are shopping more than expected at the start of the year, even as prices continue to rise. That may be good news for some of the Club’s retail holdi...
Bitcoin BTC Price Rebounds Above $22K After Tepid Inflation Readings
Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CoinDesk that he wouldn’t be surprised to see post-CPI-release gains dissipate by the end of this week. DiPasquale highlighted th...
Europe’s Latest ‘Green New Deal’ Is Counterpunch To U.S. Inflation Law
Employees at the BMW plant in Leipzig assemble the “drive module”, the underbody group with battery, … [+] for the electrically driven i3. BMW will make more of these in the US now, ...
Here’s how much you can make in 2023 and pay 0% capital gains taxes
vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustment...
Here’s where the 60/40 could really fail you. But a better option may be under your nose.
Only once in the past 100 years have America’s long-term savers done worse than they did last year. Only in 1974 — the year of Watergate, OPEC embargoes, gas lines and recession — did the standard, be...