Homes and vehicles are two big-ticket items that most American families will require financing to obtain. There’s some good news — and bad news — when looking at both assets in the next two years, acc...
Tag: Inflation
Wells Fargo sees a recession hitting the US in mid 2023 — here are 3 stocks the big bank likes for both cash return and inflation protection
Wells Fargo sees a recession hitting the US in mid 2023 — here are 3 stocks the big bank likes for both cash return and inflation protection The year 2022 has been rough for investors. Year-to-date, t...
The Pain Trade- How Aggressive Will The Fed Be On Inflation
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
SAND, SOL, and ETH Rise as Inflation Talks Continue – crypto.news
According to Wu Blockchain, the Fed did not mention a recession in its June FOMC meeting, but mentioned inflation 90 times. As the second quarter approaches, the FOMC believes that the US economy will...
Energy Inflation, Energy Security, And When Fossil Fuel Is Not Coming To A Dead End.
LNG import terminal in Rotterdam, Netherlands. dpa/picture alliance via Getty Images Energy inflation. Inflation in Consumer Price Index (CPI) reached 8.5% per year in May 2022, and is on everyone’s m...
Tone-Deaf China Tariff Strategy May Be Ended By President Biden
null Getty In retail America, consumers have no patience for price increases. Politically, however, consumers generally will not blame retailers for price hikes. Interesting as it may seem, shoppers a...
Tales from my trip to Ecuador, where inflation protests have turned violent
Fires burned in the towns. Roads were blockaded. Transport links targeted. It’s a scary time for a lot of people, and I witnessed this first-hand last month as I spent three weeks in Ecuador. The Sout...
Bed Bath & Beyond Stock Jumps Over 20% After New CEO Buys 50,000 Shares
Topline Shares of brick-and-mortar retailer Bed Bath & Beyond surged higher on Thursday following the disclosure of several insider purchases—including new CEO, Sue Gove—as top executives at the c...
How inflation affects 2023 tax brackets: You may get an unexpected ‘tax cut’
As you probably know, the federal income tax rate brackets, and many other federal tax parameters, are indexed for inflation using a factor based on the monthly average of changes in the chained Consu...
Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps Septem...
As prices rise nationwide, how to calculate your own inflation rate
Skynesher | E+ | Getty Images It’s likely no surprise to hear that prices have been rising across the U.S. economy, whether at the grocery store or the gas pump. But just how much have your pers...
Inflation is so bad in Zimbabwe that the country is now issuing gold coins to its citizens
As a global inflationary wave continues to send costs soaring for everything from fuel to groceries, some governments are getting creative in reining in prices. Zimbabwe, a country of less than 15 mil...
rising costs are squeezing retailers’ margins
Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said. Cost pressure is a big concern for many Singapore retail...
Here’s how much cash you need for a recession, according to advisors
designer491 | iStock | Getty Images With the threat of a recession looming, more financial experts are sharing how to prepare — including how much cash it may be smart to set aside. The end of June ...
High Inflation Drags At Growth
Getty This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Rising inflation—as Thailand’s tourism industry shrugs off the impact of Covid-19—is expected to ...
‘More restrictive’ policy likely if inflation fails to come down
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wed...
S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation
U.S. stocks end higher Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic grow...
Food Inflation Fears Abate as Cooking Oils and Grains Plummet
(Bloomberg) — Worries over surging global food costs are easing as prices of everything from cooking oils to wheat and corn tumble to the lowest levels in months on increasing physical supplies ...
Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’
Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that ...
A prominent economist on how much inflation could be eating into your savings
What is inflation doing to your savings? Getty Images/iStockphoto Inflation stubbornly remains at a 40-year high, with the latest numbers showing that the U.S. inflation rate hit 8.6% in May, compared...
Biden Can Lower Gasoline Prices Now
On Saturday, as Americans were preparing for Independence Day celebrations, President Biden tweeted: “My message to the companies running gas stations and setting prices at the pump is simple: this is...
Will minting gold coins help Zimbabwe to beat soaring inflation?
Global macroeconomic situations brought inflationary circumstances for many countries, but several had the worst hit. Since the start of this year, the global economic situation has taken a lot ...
Zimbabwe Will Issue Gold Coins To Control Inflation. Why Don’t They Use BTC?
Like most of the world’s, Zimbabwe ’s economy is in shambles. Is a gold coin the solution, though? It might just be. The country’s central bank announced “the “Mosi-oa-tunya” coin, named after Victori...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Warren Buffett says inflation ‘swindles almost everybody’ — here’s 10 ways his frugal habits can help you save money
Warren Buffett says inflation ‘swindles almost everybody’ — here’s 10 ways his frugal habits can help you save money Warren Buffett might have billions of dollars to his name, but un...
88% Of Americans Say U.S. Is On Wrong Track
Topline A stunning 88% of Americans now believe the U.S. is on the wrong track and just 10% believe it is on the right track, according to a new poll from the Monmouth University Polling Institute, ma...
There’s Only One Fix For Inflation
New York billionaire and refiner John Catsimatidis, who owns hundreds of gas stations, blasted President Joe Biden’s pinning the blame on high prices at the pump on gas station owners, arguing there’s...
Global economic outlook has ‘deteriorated materially’
Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomb...
Rate hike is the ‘wrong’ antidote to fix inflation: Paul Gambles
Rate hikes – globally the most popular antidote to fight inflation is “unlikely” to help lower prices this year, says Paul Gambles. He’s the Managing Partner at MBMG Group. Gam...
Inflation Won’t Interrupt Cash Flows For Magellan Midstream Partners
UKRAINE – 2019/02/06: In this photo illustration, the Magellan Midstream Partners Publicly listed … [+] company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/S...
Turkey Embraces Bitcoin as Inflation Hits 24 Year High
Turkey’s inflation rate has hit its highest level in 24 years, with the annual inflation rate now at 78.62%. The Turkish Statistical Institute published the figure, with the monthly increase being 4.9...