Consumer prices
Worst is nonetheless to appear: Economist Stephen Roach suggests U.S. requirements ‘miracle’ to steer clear of economic downturn
Rapid Cash Worst is yet to come: Economist Stephen Roach claims U.S. demands ‘miracle’ to stay clear of recession Released Mon, Aug 29 20227:54 PM EDTUp-to-date Times In the past Stephanie Landsman@stephlandsman Enjoy Dwell Resource
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‘Dangerous territory’: Investor Peter Boockvar warns recession is spreading to other parts of economy
There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory […]
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Everything from wages to used car prices could jump higher, market researcher Jim Bianco warns
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other […]
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U.S. inflation jumped by 9.1% in June, a four-decade high: Here’s what you need to know about inflation
Americans paid much higher prices for goods and services in June compared to a year earlier, as inflation continued to soar, the Bureau of Labor Statistics reported. The consumer price index is one of the primary measures of inflation. CPI jumped to 9.1% last month from a year ago, above the 8.8% Dow Jones estimate. That […]
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The Federal Reserve hiked interest rates to combat inflation: Here’s what that means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%. The Fed’s intention is to help combat inflation. Watch this video to find out what rising interest rates mean for […]
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Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when it comes to growth, technology and innovation names. “The two certainties in this world of uncertainty today is that profits growth is […]
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Inflation is making Fourth of July celebrations more expensive than ever
Fotografia Inc. | E+ | Getty Images Nothing says Independence Day like a good, old-fashioned barbecue. In keeping with tradition, most Americans — roughly 60% — plan to grill this weekend, and 53% will get together with friends and family, according to a recent report by market research firm Numerator. “Consumers want to celebrate this summer […]
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Watch live: Biden speaks about the highest inflation since 1981
[The stream is slated to start at 1:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to speak about the latest inflation report, which showed that prices in the U.S. rose at their fastest annual pace since the early 1980s. Government […]
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Here’s what people expect to spend more on as inflation continues to surge
Regular unleaded gasoline was $4.69 a gallon (cash) at a Houston Exxon Mobil station on June 9, 2022. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images News | Getty Images Americans are still grappling with the worst inflation in roughly 40 years, and […]
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Inflation rose 8.6% in May, highest since 1981
Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday. The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called […]
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