While the economic outlook remains complex with inflation, Fed rate hikes and a war in the mix, two major bank CEOs are not predicting a U.S. recession — at least in the next couple of quarters. The economy loomed large in quarterly updates this week from banks, which posted lower first-quarter profits across the board. …
Goldman, JPMorgan CEOs not worried about recession, for now Read More »
The 2-year Treasury yield fell to an almost two-week low on Wednesday even after data showed U.S. wholesale prices jumped in March. Many investors were looking past headlines from Wednesday’s producer-price index and Tuesday’s consumer-price index reports; they’re focusing instead on the prospect that inflation could cool off. What are yields doing? The 2-year Treasury …
Here’s what I call ugly math. With consumer prices now rising at a 7.9% rate, your dollar doesn’t go nearly as far as it used to. That’s why inflation has been called a “silent robber.” Read: U.S. inflation jumps again and hits 6.4% rate, the Fed’s favorite price gauge shows Among those hurt the most …
Inflation is raging. Here are some ways to fight back. Read More »
One of the world’s largest macro hedge funds sees a rising risk of a 1970s-type wage-price spiral, according to a Thursday news report. “This combination of high inflation, tight labour markets, and uncertain inflation expectations introduces the prospect of a 1970s style wage-price spiral which proved very costly to reverse during the Volcker Era,” Brevan …
Hedge-fund giant sees growing threat of a ‘1970s-style’ inflation shock: report Read More »
The president of the Philadelphia Federal Reserve predicted “a series” of increases in a key short-term U.S. interest rate this year and said he is “very open” to a half percentage point hike as the central bank moves to tamp down the worst outbreak in inflation in 40 years. “I expect a series of deliberate, …
Fed’s Harker open to half-point rate hike and more aggressive effort to fight inflation Read More »
Child care is one of the most significant expenses for American families. Costs top housing and often college tuition. While child care is often presented as a personal, family issue, parents’ abilities to find and afford child care is inextricably connected to economic stability and growth, and the strength of the nation’s economic recovery relies …
Inflation that’s accelerated well past the Federal Reserve’s 2% long-term target in the post-pandemic recovery poses a significant policy challenge. That has only gotten harder by an energy-price shock through the economy with unknown duration from the Ukraine conflict. Inflation is the fastest it’s been in 40 years. The consumer price index surged 7.9% in …
The war in Ukraine is sparking a “painful jump” in crude-oil and natural-gas prices and overall inflationary pressures that has Citigroup’s wealth-management division making significant portfolio shifts, according its chief investment officer. “We are not reducing our equity allocation; we are changing it,” said David Bailin, chief investment officer of Citi Global Wealth, in a …
Russia-Ukraine war prompts Citi CIO to make these changes to stock-market allocations Read More »
The February jobs report showed the economy adding more jobs than expected — and also more people physically at work after the omicron variant’s disruptions. With spring just around the corner and the variant in the rearview mirror, this could be a preview of what’s to come. Last month, 13% of workers said they had …
Are today’s boom towns at risk of going bust? A new report from researchers at Florida Atlantic University and Florida International University examined which housing markets nationwide are most overvalued. Using third-party data, the researchers calculated the average property price in each of the 100 largest housing markets nationwide, and compare the fluctuations in prices …
