Consumer sentiment hit a record low in June as Americans continued to face elevated prices for gas, food, and other goods and services. The University of Michigan’s closely watched Surveys of Co...
Tag: Inflation
Americans’ Inflation Expectations Ease From Highest in 14 Years
(Bloomberg) — The University of Michigan’s final June reading of longer-term US consumer inflation expectations settled back from an initially reported 14-year high, potentially reducing the urg...
Fed chair contradicts Biden, says inflation was ‘certainly’ high before Russia’s Ukraine invasion. Protect yourself
Not ‘Putin’s price hike’: Fed chair contradicts Biden, says inflation was ‘certainly’ high before Russia’s Ukraine invasion. Protect yourself Inflation is still white-hot: U.S. consumer pr...
Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease
Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may ha...
Political Ads Targeting Inflation Ahead Of Midterm Elections Could Force The Fed To Keep Hiking Rates: Goldman Sachs
Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices...
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer se...
Biden needs to work with big business to beat inflation, Cramer says
CNBC’s Jim Cramer on Thursday said President Joe Biden needs to team up with business leaders in order to bring inflation down and help the economy recover. “I’m always pointing out ...
How inflation, interest rate hikes affect the 60/40 portfolio strategy
How a 60/40 portfolio strategy works The strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk. More generally, “60/40” is a sho...
Inflation Makes Biden Look Bad. But Corporate America’s Pro-China, Anti-Tariff Push Bound To Fail
Going up! Gasoline prices rising due to market speculation in oil futures, and lower supply, too, as … [+] Washington and Brussels’ disdain for fossil fuels exacerbates the problem caused ...
Biden’s gas tax holiday might save you $6 a month, fueling calls for inflation stimulus checks instead
Biden’s gas tax holiday might save you $6 a month, fueling calls for inflation stimulus checks instead President Joe Biden is urging Congress to pause the gas and diesel taxes for three months t...
Governor Bowman says wages ‘have not kept pace with inflation’ despite fastest rise in decades
The economy seems to be on a tough path; however, the top brass on Wall Street is divided on how serious it can get. Namely, CEO of JPMorgan (NYSE: JPM) Jamie Dimon referred to a tight rope the Federa...
Google Ventures & The Virgin Group Are Investing In Sesame, A “Superstore” For Healthcare
Healthcare is at a tipping point. Amidst a myriad of regulations, pharmaceutical pricing policies, insurance premiums and co-payments, and varying care models, navigating affordable healthcare is a si...
Why A Strong Dollar And Retail Inventory Blunders Could Help Push Inflation Down By Next Year
Topline Despite increased concerns over a looming recession, a growing number of experts believe that upcoming discounts and easing supply chain disruptions may help cool the rate of inflation more qu...
Travelers return to Southeast Asia but inflation could hurt recovery
After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region...
Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for ...
What’s The Highest Price You’d Pay For That 12-Pack? Retailers Are Finding Out In Real Time.
Coca-Cola, Frito-Lay and Hershey are watching how customers respond to price increases in real time. Jeffrey Greenberg/Universal Images Group via Getty Images More consumer products companies and reta...
Crude Oil’s Inflation Trade Is Unwinding, Credit Suisse Says
(Bloomberg) — This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials. Most Read from Bloomberg That’s the ...
U.K. inflation hits 9.1%: senior economist warns we’re yet to see the peak
Consumer prices in the United Kingdom hit a new forty-year high of 9.1% in May, the Office for National Statistics reported on Wednesday. Senior economist’s remarks on CNBC According to the Bank...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
Most stocks can’t keep up with the breakneck pace of inflation — but these 3 dividend stocks are pulling ahead with yields as high as 12%
Most stocks can’t keep up with the breakneck pace of inflation — but these 3 dividend stocks are pulling ahead with yields as high as 12% As prices rise at their fastest pace in 40 years, the im...
CFPB may limit credit card late fees as inflation threatens to raise them
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. ...
Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and has the ability to make that happen. “At the Fed, we...
Powell Says Fed Will Continue Hiking Rates Until There Is ‘Compelling Evidence’ That Inflation Is Slowing
Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed...
Watch Powell’s testimony to Congress on the Fed’s inflation fight, state of the economy
[The stream is set to start at 9:30 a.m. ET] Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress. The central bank chief is expected to provide updates on...
Sterling forms hammer pattern as UK inflation soars
The GBP/USD price went sideways after the relatively strong UK consumer inflation data. The pair is trading at 1.2234, where it has been in the past few days. This price is about 2.52% above the lowes...
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation – Economics Bitcoin News
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer i...
Inflation won’t ease anytime soon if Tuesday’s rally lasts
CNBC’s Jim Cramer said that Tuesday’s market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible. “Right now, the best outcome would be for...
Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer
Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of U...
Food And Beverage Inflation, Antici-Flation, Shrink-Flation: Who’s Winning And Losing?
Supply chain struggles, labor shortages, and a consumer cash influx from Covid relief are fueling … [+] price hikes. According to the U.S. Bureau of Labor Statistics, food prices shot up 10.1% y...
As inflation hits a 40-year high, here’s how to rethink emergency savings
How much do you really need in your emergency fund? Getty Images/iStockphoto You’ve likely long heard that you should have 6-9 months of expenses socked away in your emergency fund – ideally in a safe...
Cleveland Fed President says inflation will come down
Loretta Mester, president of the Cleveland Fed, does not foresee a recession and expects inflation to fall gradually to 2% two years from now. Expectations of Cleveland Fed on inflation and recession ...
Global Central Banks Race into Inflation Battle: How Does it Affect Crypto?
The inflation rate, which has been largely understated in recent years, is now gaining worldwide attention. The political system just can’t hide it anymore. Central banks have struggled to prevent inf...