Inflation
David Tepper calls Fed’s tightening signal an ‘unforced error’ that’s brought ‘unhinged’ markets
David Tepper said the market turmoil this week was partly caused by the Federal Reserve’s messaging on its aggressive tightening schedule. Source
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Used-car prices are down from record highs, easing the impact of inflation
A sign advertises cash paid for used cars in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale used-vehicle prices have notably fallen from a record high set in January, signaling the worst of sky-high prices related to higher inflation in the U.S. may be behind us. […]
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Job growth accelerated by 428,000 in April, more than expected as jobs picture stays strong
The U.S. economy added slightly more jobs than expected in April amid an increasingly tight labor market and despite surging inflation and fears of a growth slowdown, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was […]
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Boris Johnson’s Conservatives suffer losses in UK local elections, amid scandal and cost-of-living crisis
PETERBOROUGH, England – Ballot papers are counted at Peterborough Arena, for the U.K.’s local government elections. Prime Minister Boris Johnson’s Conservative Party suffered significant losses, particularly in London. Paul Marriott/PA Images via Getty Images LONDON — The U.K.’s ruling Conservative Party has lost a slew of seats in local elections across England, dealing a potential […]
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Why the market is taking Powell’s ‘soft-ish’ economic language so hard: Former Fed official Roger Ferguson
Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish signal, has a transitory understanding of how much significance to give to any single day’s trading action. Stocks tanked on Thursday after the […]
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Bank of England hikes interest rates to 13-year high, sees inflation hitting 10%
BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at the […]
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Rising interest rates mean higher loan costs when you go to buy a car. Monthly payments already average $650
Newsday Llc | Newsday | Getty Images On top of elevated prices for new and used cars, financing the purchase of one is about to get more expensive. With the Federal Reserve boosting a key interest rate by half a percentage point on Wednesday, borrowing costs are poised to head higher on a variety of […]
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India raises rates at surprise monetary policy meeting, bond yields jump
A youth walks past the entrance of the Reserve Bank of India head office in Mumbai on Nov. 17, 2021. India’s central bank raised its main lending rate off record lows in a surprise move on Wednesday to contain rising inflation, shocking markets and pushing the benchmark 10-year bond yield to its highest levels in […]
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Want an inflation-ready portfolio? Top economist says a traditional route won’t cut it
Societe Generale’s global head of economics, Kokou Agbo-Bloua, explains why the firm is changing up the traditional 60/40 portfolio. Source
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Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consumers can withstand. “It gets to the question: At what point does the consumer blink in the face of these rising prices,” the Bleakley Advisory […]
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