Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. Denis Balibouse | Reuters E...
Tag: Inflation
Suze Orman’s 5 time-tested tips to get you through inflation and stock market dips
‘You keep a great stock forever’: Suze Orman’s 5 time-tested tips to get you through inflation and stock market dips In times of hardship, Suze Orman will be the first to tell you that what you don...
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down – Economics Bitcoin News
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speak...
Trudeau Is Shirking Canada’s Inflation Fight, Scotiabank Says
(Bloomberg) — One of Canada’s largest commercial banks fired a broadside at Prime Minister Justin Trudeau’s government, warning that high levels of federal spending are hurting the fight against...
With His Bitcoin Bet, Michael Saylor Mistook ‘Scarcity’ For An Inflation Hedge
Argentina has a population of 45 million, while Switzerland can claim roughly 8.6 million citizens. Where it gets interesting is that the Swiss franc is one of the world’s most circulated currencies, ...
The Fed Turns Aggressive as Inflation Meets Signs of an Economic Slowdown
Text size At the news conference following the rate hike, Fed Chairman Jerome Powell admitted that the policy-setting committee was taken aback by news of rising prices and weaker-than-expected retail...
Interest Rates Are Well Below What Academic Formulas Suggest, Fed Report Says
Several simple mathematical formulas used to inform where interest rates should be set under current economic conditions show that high inflation would call for the Federal Reserve to set rates betwee...
Fed’s Waller backs another jumbo interest-rate hike in July
Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...
Treasury Secretary Yellen Says Recession Not ‘At All Inevitable’—But Inflation Is ‘Unacceptably High’
Topline Treasury Secretary Janet Yellen said Sunday a recession is not “at all inevitable,” though she warned economic growth could slow, days after the Federal Reserve hiked interest rates to fight i...
Treasury Secretary Janet Yellen says recession isn’t ‘inevitable
U.S. Treasury Secretary Janet Yellen testifies before a House Ways and Means Committee hearing on President Biden’s proposed 2023 U.S. budget, on Capitol Hill in Washington, June 8, 2022. Jonath...
Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Bitcoin and Ethereum Price Manage to Hold Support Amid Inflation Fears » NullTX
After a scary correction this Saturday, with the Bitcoin price dropping to a low of $17.9k, the BTC price is recovering again, currently trading at $19.4k. Ethereum also recovered after dipping to $90...
What the Fed’s biggest rate hike in decades means for the bear market in bonds
Historically bad. That’s how the mammoth $53 trillion U.S. fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo...
Where should you stash your emergency cash when inflation is hot?
Many banks are finally increasing the yields on their online savings accounts and certificates of deposit, tracking the interest-rate hikes the Federal Reserve started in March to combat higher prices...
This Unloved Fund Defies Inflation, Yields 7.4%
Real estate investment, Real estate value getty As difficult as this selloff has been for all of us, it has left some attractive (and discounted) dividends on the board, especially in high-yield close...
Here are three things the Fed’s done wrong, and what’s still not right
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Fede...
Stocks Post Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market struggled for direction on Friday after brutal selloffs in recent days, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace for a lo...
Gas Price Relief In Sight As Crude Oil Tumbles on Recession Fears
Updated at 1:32 pm EST U.S. drivers may get some near-term relief on gas prices heading into the Juneteenth holiday weekend as crude prices plunged to a three-week low in mid-day Friday trading amid o...
Putin Taunts West Over ‘Putin Inflation’ In Speech At ‘Russian Davos’
Topline Russian President Vladimir Putin said during a Friday speech those blaming him for surging inflation don’t “know how to read or write,” directly mocking President Joe Biden, who’s pinned much ...
Casino stocks take a hit as inflation rocks economy
Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike. Caesars Entertainment stock has ...
‘Worst Fears Confirmed’ As Fed ‘Plays Dangerous Game’ With Inflation And Rate Hikes
Topline With the Federal Reserve embarking on its most aggressive tightening campaign in nearly three decades, Bank of America economists warned clients on Friday that the central bank’s inflati...
Why is China’s inflation rate low compared to the US, Europe and Britain?
China’s benign inflation readings are in marked contrast to many advanced economies, giving the country space for more monetary loosening while the United States, the European Union and Britain ...
Expert: U.S. faces an ‘absolute explosion’ on inflation in 13 days
U.S. is only thirteen days away from an “absolute explosion” on inflation, a pollster and political strategist warned on Friday. Luntz’ remarks on CNBC’s ‘Squawk Box&rsqu...
The Impact Of The Fed Rate Hike And What To Expect Next
Getty Images Takeaways The Federal Reserve hiked its target federal funds rate by 0.75% on Wednesday Stocks rallied Wednesday on the news before falling again by Thursday’s close Consumers can expect ...
Tesco on inflation: we’re seeing early signs of changing consumer behaviour
Shares of Tesco plc (LON: TSCO) ended roughly flat on Friday even after the supermarket giant said its underlying U.K. sales took a hit in the first quarter of fiscal 2023. Tesco U.K. sales were down ...
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflat...
Stocks On Track For Worst Week Since March 2020 Amid ‘Deafening’ Recession Worries
Topline The stock market moved slightly higher on Friday as it attempts to rebound from a brutal selloff, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace...
Tesla’s Tough Quarter Means Price Hikes, Job Cuts And Stalled Production In China
Tesla Model Y and Model 3 electric vehicles built at the company’s Shanghai plant are loaded up to be shipped to Belgium. Shen Chunchen/VCG via Getty Images Tesla’s Model Y, the electric-car mak...
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflati...
Stock investors are still in danger, but history says bear markets are relatively brief
I have no idea how long the bear market on Wall Street will last, or how far down the major averages will go. But I do know what won’t help you forecast the bear market’s severity: valuation. Bear mar...
Why retiring this year could be a ‘worst-case’ scenario
This is an urgent update for anyone who has recently retired, or who is hoping to retire shortly, and who was expecting to follow one of those simple, time-tested rules for spending down their money d...