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Tag: Inflation
Airline stocks tumble as economic concerns overshadow travel surge
An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. A...
Amid Highest Inflation In Four Decades, State Lawmakers Seek To Alleviate Harm
Inflation hit 8.6% in May, the highest inflation rate in more than four decades. getty The Bureau of Labor Statistics Consumer Price Index report released on June 10 showed an inflation rate of 8.6% f...
‘Somebody forgot to tell the boat industry’ about inflation, the bear market, and recession fears
There could be a lot more skippers out on the open water this summer despite conditions on dry land being one of red-hot inflation, plunging stock prices, and rampant recession fears. “While big...
Henry McVey on inflation: ‘there are things the Fed can’t control’
Inflation will be “stickier for longer” because there are things the “Fed can’t control”, says Henry McVey. He’s the Chief Investment Officer at KKR Balance Sheet. ...
A day after Powell’s assurances, markets are worried something breaks
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...
Retirees Should Gird for a Long Run of High Inflation. Here’s How.
Retirees and seniors who are feeling the pinch of higher prices could be in for a long struggle as inflation shows few signs of peaking. But financial experts say there are some smart strategies that ...
Will These Discount Retailers Beat Inflation?
. Prices of goods have been running rampant with the highest recorded inflation in decades. To try to ease this, the Federal Reserve has been incrementally increasing interest rates over the past few ...
Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor‘s CFO said Wednesda...
‘We are not overly concerned’ about inflation and rates hammering ARK
Noted tech investor Cathie Wood is staying true to her investing style — bold bets on buzzy future leaders — despite seeing her funds hammered during the plunge into bear territory for stock markets a...
Powell will stop inflation by ‘any means necessary’
CNBC’s Jim Cramer on Wednesday said that investors should be with Jerome Powell and not against him, as the Federal Reserve chair has proven he’s willing to take inflation down no matter w...
Millionaire fear Fed can’t tame inflation and stave off recession
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 9, 2022. Brendan Mcdermid | Reuters American millionaires are raising cash in response to lingering inflati...
Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation
Global financial markets were squarely focused on the U.S. Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank ...
Travel costs are up but travelers aren’t canceling their plans yet
Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which c...
The Federal Reserve Cannot ‘Tighten’ Credit, and It Never Could
Back before Facebook was a public company, founder Mark Zuckerberg had a bit of a reputation with venture capitalists. He would show up to meetings in shorts, flip flops, and with messy hair. His not-...
As Inflation Skyrockets, MicroStrategy CEO Saylor Asserts Bitcoin Hasn’t Reached Its Top In This Cycle ⋆ ZyCrypto
Advertisement     Chairman & CEO of MicroStrategy (MSTR), a publicly-traded business intelligence firm, Michael Saylor recently took to Twitter to assert that infl...
Fed sees inflation topping 5% in 2022 and then falling rapidly due to higher rates
The Federal Reserve on Wednesday predicted U.S. inflation would exceed 5% by the end of 2022 — much higher than its most recent forecasts — underscoring its more aggressive strategy in raising interes...
Fed interest rate announcement highlights: largest rate hike since 1994, inflation to reach 2.2% in late 2024
In its much-anticipated June meeting, the Federal Reserve raised policy rates by 75 bps, which was above the stated 50 bps hike, to the range of 1.5% – 1.75%. The Federal Open Market Committee’s (FOMC...
Crypto Experts Explore Whether Bitcoin is a Hedge Against Inflation!
The value of Bitcoin has dropped from around $70,000 to below $30,000 as the entire crypto market experienced a downturn. The analysts predict that the crypto asset will continue to experience further...
US Inflation Reaches Highest in 40-Years After Rising By 8.6%
The U.S economy is going through a rough patch, especially after the economy was shut down over a respiratory virus and as its response, the printing of trillions of dollars. As per the latest reports...
How raising rates slows inflation
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 4, 2022 in Washington, DC. Win McNamee | Getty Images The Federal Reserve lo...
Here’s how recessions became an inevitable part of American economy
The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctua...
Unexpected 0.3% decline, hammered by inflation
Retail sales turned negative in May as consumers pulled back spending while inflation surged, the Commerce Department reported Wednesday. Advance retail and food service spending fell 0.3% for the mon...
Bitcoin Slips Below $21,000 Amid Rising Inflation Rates
The price of Bitcoin (BTC) briefly slipped below $21,000 in the early hours of Tuesday morning, a 52-week low for the world’s largest cryptocurrency by market capitalization. Bitcoin dropped to lows o...
Inflation Inflates ROICs For 1Q22
Dollar currency growth concept with upward arrows on charts and coins background. getty Return on invested capital (ROIC) spiked to the highest level since 1998 for the NC 2000[1],[2],[3] in 1Q22. All...
Wholesale prices rose 10.8% in May, near a record annual pace
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of the prices paid...
Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images The Federal Reserve on Wednesday is expected to do somethin...
Inflation expectations hit record levels in May, New York Fed says
People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters Consumer expectations for inflation and spending in the year...