economic performance

Gold closes out Thursday trade higher, aims for weekly gain

2-year Treasury rate hits lowest level since March even after a surge in U.S. wholesale prices

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 …

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Hedge-fund giant sees growing threat of a '1970s-style' inflation shock: report

Hedge-fund giant sees growing threat of a ‘1970s-style’ inflation shock: report

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 …

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Fed's Harker open to half-point rate hike and more aggressive effort to fight inflation

Fed’s Harker open to half-point rate hike and more aggressive effort to fight inflation

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, …

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Inflation is surging at a 40-year high. But where higher prices are coming from might surprise you

Inflation is surging at a 40-year high. But where higher prices are coming from might surprise you

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 …

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Russia-Ukraine war prompts Citi CIO to make these changes to stock-market allocations

Russia-Ukraine war prompts Citi CIO to make these changes to stock-market allocations

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 …

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Google isn't the only company requesting workers go back to the office: Jobs report shows more people are joining the Great Return

Google isn’t the only company requesting workers go back to the office: Jobs report shows more people are joining the Great Return

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 …

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'Wealth creation through housing is not guaranteed': Behold, the most overvalued housing markets in America

‘Wealth creation through housing is not guaranteed’: Behold, the most overvalued housing markets in America

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 …

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