U.S.-China tensions are not helping Biden in inflation fight, economist says
Tensions between the U.S. and China are not helping President Joe Biden’s efforts to control inflation, economist Jeffrey Sachs told CNBC’s “Street Signs…
Prices
Goldman Sachs and Nomura both cut China’s GDP outlook, again
People cross the street during the hot weather on Aug. 15, 2022 in Guangzhou, China. the country is suffering from its worst heat wave in decades, which has strained power supply.…
Fed sees interest rate hikes continuing until inflation eases substantially, minutes show
Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to…
A market signal with a perfect track record says the bottom is not in, Bank of America claims
Stocks still have further to fall, especially going off one key indicator, according to Savita Subramanian of Bank of America. The Rule of 20 is one of the signposts that…
Treasury yields rise as markets await Fed meeting minutes
U.S. Treasury yields rose Wednesday on weaker demand for fixed income assets as investors await the release of the Federal Reserve’s minutes from its July meeting. The yield…
Have markets hit the bottom? Strategist reveals the indicators to watch closely as stocks rally
Major U.S. indexes kept up their second-half bounce with another solid week of gains last week — sparking hope that the bear market might be at an end. But strategist Victoria…
Bond yields tick upward ahead of big housing data release
Bond yields ticked slightly upward Tuesday as markets looked ahead to new data on housing, manufacturing and retail sales. The yield on the benchmark 10-year Treasury note was…
‘Floundering, not drowning’: Economists divided on prognosis for Russian economy
Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow, Russia June 27, 2022.…
Asia’s inflation has peaked compared with major economies in other regions, Morgan Stanley says
Inflation in Asia has peaked compared with other major economies such as the U.S. and Europe, according to the chief Asia economist at Morgan Stanley. “Absolutely,…
Malaysia’s fourth quarter will be ‘the challenge’ for its economy, says finance minister
The fourth quarter will be “the challenge” for Malaysia’s economy if global headwinds such as Russia’s war on Ukraine and China’s zero-Covid policy…
Treasury yields tick lower as investors digest previous week’s data
Bonds yields ticked downward on Monday, as investors digested the previous week’s wave of data releases and questioned whether the U.S. Federal Reserve may slow its…
U.S. Treasury yields tick lower as investors await fresh batch of economic data
U.S. Treasury yields were slightly lower on Friday as market participants awaited a fresh batch of economic data. The yield on the benchmark 10-year Treasury note dipped less than…
Fed expected to stick with hawkish rate hikes until data show further slowing in inflation
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market…
The easing of inflation pressures is giving the economy some breathing room, for now
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the…
Look at these stocks to help lead a comeback rally if inflation has peaked
Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and…
Inflation rate drops to 8.5% in July, but has it peaked? ‘We’re not there yet,’ says economist
The rate of inflation was slower than expected in July, offering some hope that inflation is cooling down. Inflation dropped 0.6% from its June peak, for a year-over-year rate of…
Retirees on Social Security could see monthly benefit rise average $159 in 2023 due to inflation, estimate finds
New government data points to signs that red-hot inflation is starting to cool. But Social Security beneficiaries may still be in for a record high cost-of-living adjustment in…
Shop at Costco, use a cash-back app: how to save on groceries as food inflation jumps at the fastest pace since 1979
To feel the effects of inflation, just go to the supermarket. Although inflation, overall, began to ease last month along with gas prices, food costs climbed another 1.1% in July,…
Pakistan finance minister says the country has avoided a Sri Lanka-like default crisis
Pakistan’s finance minister said the government has taken steps that will put the country on the right track and help the South Asian nation avoid an economic collapse. But…
U.S. Treasury yields inch higher as investors await key inflation report
Longer-term U.S. Treasury yields were slightly higher on Wednesday, as investors awaited highly anticipated inflation figures which could influence the pace of Federal Reserve…
Just how strong is the U.S. consumer? Here’s what Wall Street has to say — and the stocks it likes
The U.S. Federal Reserve has hiked interest rates by 225 basis points so far this year, with more potentially on the cards. One indicator that’s likely to feature…
Hong Kong’s Hang Seng drops 2% as Asia markets slip; China’s inflation rises
SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the U.S. CPI report. Hong Kong’s Hang Seng index fell…
Critical inflation report could show price increases have eased
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Inflation may finally be cooling, thanks to falling…
Ark Invest’s Cathie Wood says inflation will unravel faster than expected
Ark Invest CEO Cathie Wood said Tuesday that inflation will break down faster than most economists expect ahead of a key reading on price pressures. “This week CPI could be…
Here are all the most important inflation indicators heading into Wednesday’s big CPI report
Inflation running at its highest levels since the early 1980s likely cooled a little in July but is still running at a sweltering pace. Markets on Wednesday will get a look at a…
Retire in Hawaii if you want a ‘dream life by the beach,’ says millionaire—but beware of these 3 biggest downsides
In 2012, at 34 years old, I left my investment banking job and retired early with a net worth of $3 million. Currently, I live in San Francisco with my wife and two young kids.…
Britain is becoming an ’emerging market country,’ analyst says
Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in…
‘Absolutely not’: Don’t chase the rally in stocks and bonds right now, investment manager says
Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime…
Inflation Reduction Act won’t curb inflation ‘over the short run,’ says economist
Democratic lawmakers celebrated on Sunday as the Senate narrowly passed sweeping economic and climate change legislation following a 51-50 party-line vote. The bill, called the…
Consumers’ expectations of future inflation decreased significantly in win for the Federal Reserve
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The consumer outlook for inflation decreased significantly in July…