Inflation
Fed minutes point to more rate hikes that go further than the market anticipates
Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, meeting minutes released Wednesday showed. Not only did policymakers see the need to raise benchmark borrowing rates by 50 points, but they also said similar hikes likely would be […]
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We have to accept in the West that we are going to be a bit poorer, Dutch leader says
Dutch Prime Minister Mark Rutte told CNBC that there is a “limit to what a government can do” to help people amid surging inflation. Pictured here, on February 23 2022, are containers being transported in the port of Rotterdam, in the Netherlands. Picture Alliance | Picture Alliance | Getty Images Dutch Prime Minister Mark Rutte […]
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What retail inventory misses and markdowns signal about the market’s fight against inflation
Jay Laprete | Bloomberg | Getty Images Retailers are missing and missing big. It started last week with the Walmart and Target results which showed big inventory builds and the need for markdowns, and it’s been followed up by weak earnings and outlook from Abercrombie & Fitch which sent its shares tumbling in a similar […]
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Here’s why major cities may still be worth their high cost of living
Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper. Sudden, double-digit rent […]
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Returning to the office can be costly. Here are 3 ways to beat rising costs
According to a new survey by Cisco, 75% of respondents said they save money on food and entertainment through hybrid work schedules. D3sign | Moment | Getty Images Hybrid work arrangements are popular these days for many reasons — and one of them is that they can save workers thousands each year. A new survey […]
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Prices are surging, but people are still paying top dollar to watch live sports
People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad […]
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European Central Bank member says to expect first rate hikes this summer
Joachim Nagel, Germany’s central bank governor and ECB member, shares his latest thoughts on inflation and the possibility of rate hikes in the euro zone. Bloomberg | Bloomberg | Getty Images The ECB will soon hike rates for the first time in more than a decade, a member of the central bank’s governing council told […]
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Southeast Asia’s e-commerce market is still in its ‘opening act,’ says venture capital firm
Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian […]
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Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not […]
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Inflation-fighting Fed isn’t focused on impact of rates on stocks, Esther George Says
Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and that policymakers are not focused on the impact that is having on the stock market. In a CNBC interview, the central bank official noted that the Fed is looking to tighten financial conditions, of […]
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