Prices
U.S. inflation hot spots happen to be pandemic-migration hot spots
Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as more people relocate from expensive coastal cities to more affordable metro areas, according to an analysis released by Redfin on Tuesday. “We saw an acceleration of inflation happen […]
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The Fed’s aggressive hiking campaign will lead to a recession, according to CNBC survey
The Federal Reserve is expected to hike interest rates and cut its balance sheet aggressively over the next 16 months, according the May CNBC Fed Survey, and most respondents believe the process will end in a recession. A rate hike of half a percentage point (50 basis points) is expected to be announced Wednesday by […]
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10-year Treasury yield holds at 3%; benchmark German bund yield hits 1%
The 10-year U.S. Treasury yield hovered at the 3% mark on Tuesday morning, while the 10-year German bund hit 1% for the first time since 2015, amid expectations around interest rate hikes. The yield on the benchmark U.S. 10-year Treasury note rose less than a basis point to 3.0045% at 4:15 a.m. ET. The yield […]
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Survey of 30 market strategists reveals when they think the next U.S. recession will begin
CNBC International asked 30 high-profile market strategists when they see a recession for the world’s biggest, most capitalized economy. Source
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10-year Treasury yield tops 3% for first time since 2018
U.S. Treasury yields continued their push higher on Monday, with the 10-year Treasury yield capturing a new milestone in its rapid climb in 2022. The yield on the benchmark 10-year Treasury note rose about 11 basis points to 2.994%, and hit a high of 3.01% during the session. The yield on the 30-year Treasury bond […]
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10-year yield punches through key 3%, but there’s a level that could be even scarier for stocks
The 10-year Treasury yield pushed through the 3% level, but strategists say there’s another slightly higher level that could be an even bigger test for stocks. Source
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The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high. Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed […]
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Here’s how you can prepare if there’s a half point rate hike from the Fed
Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]
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Russia cuts key interest rate to 14%, says inflation could hit 23% this year
Russia’s President Vladimir Putin (L) and Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky\TASS via Getty Images However, with the ruble now returning to pre-war levels, policymakers are turning their attention to recalibrating the economy in an effort to absorb the impact of punitive sanctions from international powers. “The external environment for the Russian economy […]
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Euro zone inflation hits record high for the sixth month in a row
Inflation in the euro zone remains well-above the ECB’s target, as energy and food prices soar. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached […]
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