Inflation
High inflation may prompt people to change their summer vacation plans
Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In fact, 69% of adults who say they will take a vacation this summer anticipate changing their travel plans as prices have soared […]
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Mohamed El-Erian: ‘Full-scale stagflation worries’ on China Covid concerns slammed global stocks
Investors are now worrying about Chinese growth, in addition to U.S. inflation and Federal Reserve policy mistakes, El-Erian told CNBC. Source
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Are you dreaming of an early retirement? The earlier you retire, the greater the risk, experts warn
Kathrin Ziegler | DigitalVision | Getty Images Life may be short but early retirement might be, too, if you don’t have a solid financial plan for life after work. Whether it’s due to pandemic burnout, a new attitude on life or an optimism fueled by surging stock and real estate markets, more Americans appear to […]
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Central banks need to put rates into the ‘pain zone’ — but the Fed won’t do it, fund manager says
LONDON — Overcoming doggedly high inflation requires interest rates to be pushed into the “pain zone.” But whether any central bank has the nerve to do it is the question, according to investment manager Man Group. “To actually fight inflation will require a central bank to show that they’re willing to put rates into the […]
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Macron has won France’s presidential election. But the far-right is upping its game
Addressing her supporters in Paris Sunday night, Le Pen conceded defeat but said: “We have nevertheless been victorious.” Thierry Chesnot | Getty Images News | Getty Images French President Emmanuel Macron may have just won a second term in office, but political analysts believe the continued rise of the far-right will cause him significant headaches […]
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The 10-year Treasury yield is getting closer to 3%. Here’s what that means for your money
d3sign | Moment | Getty Images As the yield on the 10-year U.S. Treasury pushes ever closer to 3% — a symbolic level not seen since late 2018 — financial analysts have described how it could affect people’s finances in a number of ways. Last week, the 10-year rate hit 2.94%, its highest point in […]
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Macron beats far-right rival Le Pen in French presidential election, projections show
If Macron’s win is confirmed then he’ll likely continue his reformist agenda. Louise Delmotte | Getty Images News | Getty Images France’s Emmanuel Macron looks set to comfortably beat his far-right rival Marine Le Pen in Sunday’s election, securing a second term as president on his pro-business and pro-EU agenda. Centrist Macron of the La […]
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Three reasons why this struggling fintech stock may break out of its slump
PayPal tumbled 16% this week, but one top analyst is making a bullish long-term case for the struggling stock. The company’s underperformance follows leadership uncertainty. PayPal’s chief financial officer, John Rainey, announced last week he’ll leave the company in late May. Yet, Bruderman Asset Management’s Akshata Bailkeri made an optimistic case for PayPal on CNBC’s […]
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Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a 50 basis point rate hike at the next Fed meeting and perhaps a few more after, but […]
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Wharton’s Siegel says Fed should hike rates by 75 basis points: ‘Take your medicine all at once’
“We really need to slow down this super hot economy and get a handle on this inflation,” Jeremy Siegel told CNBC on Friday. “I think the market wants it.” Source
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