#INFLATION News

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Analysis-Markets sigh with relief after Powell speech, but more turbulence likely ahead By Reuters

investing.com By Davide Barbuscia and David Randall (Reuters) - A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but…

European stock futures surge higher as Powell points to smaller Fed rate hikes By Investing.com

investing.com By Peter Nurse Investing.com - European stock markets are expected to open higher Thursday, with risk appetite soaring after Fed Chair Jerome Powell signaled the U.S.…

US signals shift to slower interest rate increases

bbc.com The head of the US central bank has said authorities may start to ease up on interest rate hikes as soon as this month, after racing to raise borrowing costs earlier this…

U.K. house prices slump in November, falling by the most since the pandemic

marketwatch.com U.K. house prices took a sharp tumble in November, falling by the most since the height of the pandemic, according to Nationwide Buliding Society. The latest survey,…

Germans spending less as soaring power, food costs gnaw finances By Reuters

investing.com By Mathis Richtmann BERLIN (Reuters) - For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh,…

EUR/USD climbs on Powell's speech, but look out for key indicators By Investing.com

investing.com Investing.com - Yesterday was a busy day for the EUR/USD, with gains in the morning, in the face of half-hearted European inflation figures, then with a correction in the…

Germans spending less as soaring power, food costs gnaw finances

reuters.com Summary - Germans consuming less as inflation bites - More worried about personal finances than French - State support arriving, but will it work? BERLIN, Dec 1 (Reuters) -…

Wall Street Preps for Year-End Stock Rally as Volatility Plunges

yahoo.com (Bloomberg) -- In lockstep with powerful market trends that have endured for the past 70 years, Wall Street for once saw it coming: With the midterm elections firmly in the…

Swiss inflation steady at 3.0% in November as expected By Reuters

investing.com ZURICH (Reuters) - Swiss consumer price inflation held steady at 3.0% in November but still overshot the Swiss National Bank's 0-2% target range for the 10th month in a row,…

Defiant pound sees biggest monthly rise since 2020

investing.com By Harry Robertson LONDON (Reuters) - The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was…

The Fed: Inflation slows, Fed’s Beige Book finds, but recession worries grow

marketwatch.com The U.S. economy grew steadily through the fall and inflation eased a bit, a Federal Reserve survey found, but many businesses expressed “greater uncertainty or increased…

New York and Singapore top the list of world’s most expensive cities in 2022

theguardian.com New York was the world’s most expensive metropolis in 2022, sharing the unwanted title with Singapore, as soaring energy prices doubled the inflation rate across the major…

Bloomberg Evening Briefing: Politicians Eye Corporate Profits Amid Inflation

bloomberg.com Bloomberg Evening Briefing: Politicians Eye Corporate Profits Amid Inflation Bloomberg

Asian shares gain after Fed chair signals slower rate hikes

go.com BANGKOK -- Shares advanced in Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame…

Analysis-China central bank to offer limited, targeted growth support, no bazooka By Reuters

investing.com By Kevin Yao BEIJING (Reuters) - China's $17 trillion economy is headed for one of its worst showings this year in almost half a century, but its central bank has limited…

Markets: Bitcoin, crypto, rise after Fed Chair Powell hints at easing rate hikes

yahoo.com Bitcoin and Ether rose in Thursday morning trading in Asia, with all non-stablecoin top 10 cryptocurrencies and traditional equity markets as U.S. Federal Reserve Chair…

RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll By Reuters

investing.com By Shaloo Shrivastava BENGALURU (Reuters) - The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists…

Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

mises.org JOIN OR RENEW TODAY The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce…

Eliminating Economic Crises

mises.org Wouldn’t it be nice to permanently rid ourselves of economic crises? In a previous article, I showed that the waste of the boom and the cost of the bust are brutal even…

Analysis: Markets sigh with relief after Powell speech, but more turbulence likely ahead

reuters.com Dec 1 (Reuters) - A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but some investors believe a looming…

Euro-Zone Inflation Finally Slows in Sign of Hope for ECB

bloomberg.com Euro-Zone Inflation Finally Slows in Sign of Hope for ECB Bloomberg

Philippines central bank ready to adjust policy settings amid resilient economy By Reuters

investing.com MANILA (Reuters) - The Philippines central bank has policy flexibility given a resilient economy and stands ready to adjust interest rates to bring inflation back to target,…

Hardship withdrawals from 401(k)s reach ‘concerning’ all-time high, Vanguard says

marketwatch.com Amid stubbornly high inflation, a record-breaking share of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data…

Fed hints at less aggressive rate increase

ft.com Eurozone inflation falls more than expected to 10%

India Nov factory activity hits 3-month high as inflation cools By Reuters

investing.com By Anant Chandak BENGALURU (Reuters) - India's factory activity expanded at its fastest pace in three months in November, a private survey showed on Thursday, signalling…

Indonesia November inflation cools further but stays above target By Reuters

investing.com JAKARTA (Reuters) - Indonesia's inflation eased in November but stayed above the central bank's target range for the sixth consecutive month amid rising food prices and…

Stock market news: Dow, S&P 500 and the Federal Reserve

cnn.com US stocks exploded higher Wednesday. The Dow is now more than 20% above its 52-week low, which puts it in a new bull market. Federal Reserve chair Jerome Powell strongly…

Mortgage Rates Not Nearly as Low as They Might be Tomorrow

mortgagenewsdaily.com Mortgage rates moved slightly lower today, but barring a major market reversal overnight, could be even lower tomorrow. It's fairly rare to be able to say such things when…

Why Tech Stocks Meta Platforms, Etsy, and Airbnb All Popped Today

fool.com What happened Shares of Meta Platforms (META 7.89%), Etsy (ETSY 8.38%), and Airbnb (ABNB 7.09%) were catching an afternoon breeze after Federal Reserve Chair Jerome Powell…

Is It Time To Buy Gold Stocks As Gold Mining Stocks Surge? Here's What Charts Show

investors.com Gold stocks hold a valuable place in asset allocation for investors, especially in times of high inflation and economic uncertainty. Investing in gold can be tricky, but one…

Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

theguardian.com The Federal Reserve chair, Jerome Powell, indicated the central bank is preparing to slow the pace of interest rate rises as it tackles a 40-year high in inflation. But…

Oil rally stalls on weak Chinese data, uncertainty over OPEC cut By Investing.com

investing.com By Ambar Warrick Investing.com-- Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude importer…

El-Erian Says Market Reaction To Powell's Remarks Shows Fed's Communication Challenge: 'The More The Chair Tilts His Remarks Dovish...'

benzinga.com Allianz chief economic adviser and noted economist Mohamed El-Erian has expressed concern over the market’s reaction to Federal Reserve Chair Jerome Powell’s speech on…

BOJ's Noguchi: Must keep ultra-low rates to sustainably hit price goal By Reuters

investing.com AKITA, Japan (Reuters) - Bank of Japan board member Asahi Noguchi said on Thursday the central bank must keep interest rates ultra-low as the country has yet to achieve the…

U.S. Inflation Reduction Act 'super aggressive,' Macron tells lawmakers By Reuters

investing.com By Michel Rose and Jeff Mason WASHINGTON (Reuters) -French President Emmanuel Macron addressed U.S. lawmakers from both political parties on Wednesday and pushed back over…

ACA Marketplace Open Enrollment: Three Things For Small Business Owners To Consider

forbes.com The open enrollment period for the Affordable Care Act (ACA) is currently open, and individuals have until January 15, 2023, to apply for health insurance at Healthcare.gov,…

Tesla, Amazon, Snowflake, Xpeng, Salesforce: Why These 5 Stocks Are Drawing Investors' Attention Today

benzinga.com Major Wall Street indices soared on Wednesday after Federal Reserve Chair Jerome Powell said the central bank may slow the pace of rate hikes as soon as December while also…

Gold hits over 3-month high as Powell flags slower rate hikes By Investing.com

investing.com By Ambar Warrick Investing.com-- Gold prices raced to a three-month high on Thursday after a forecast of smaller interest rate hikes by Federal Reserve Chair Jerome Powell…

Japan Q3 capital spending jumps nearly 10%, fastest pace in 4 years By Investing.com

investing.com By Ambar Warrick Investing.com-- Japanese firms ramped up capital spending at their fastest pace in over four years in the third quarter, data showed on Thursday, driven…

Amazon says these items led to record sales over Thanksgiving weekend

nypost.com Amazon said on Wednesday it recorded its biggest ever Thanksgiving weekend this year as shoppers, undeterred by inflation, scooped up everything from New Balance sneakers to…

Inflation in Europe drops for the first time in 17 months

cnn.com For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November, according to the first look at official data for the 19…

Elon Musk Warns of Severe Recession

bitcoin.com Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates…

How Inflation Changes Culture

zerohedge.com How Inflation Changes Culture Authored by Jeffrey Tucker via DailyReckoning.com, The midterm elections are over (no Red Wave), but nothing has changed. In fact, the Biden…

Inflation Finally Cools in the Eurozone

fool.com For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every…

DoorDash, Roku, HP, and more: Tech layoffs keep on coming

yahoo.com Tech layoffs are dominating newsfeeds and headlines, and the cuts are coming across the board. This isn't the first round of tech layoffs since the end of the pandemic, but…

Construction Is America's Backbone: 2 Best Industrial Stocks

seekingalpha.com Summary - Ranked #1 and #2 in Construction Machinery & Heavy Trucks, my two stock picks are up double digits this year, maintaining bullish momentum despite the…

Dow Climbs 20% From Low as Stocks Rally and Inflation Fears Ebb

bloomberg.com Dow Climbs 20% From Low as Stocks Rally and Inflation Fears Ebb Bloomberg

S&P 500 Surges Above Key Level; What To Do Now

investors.com Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Salesforce.com headlined earnings overnight but investor focus will be on…

Opinion: Demographics distinguish us from that ‘70s show

theglobeandmail.com As the Canadian economy slips toward something that’s going to look an awful lot like stagflation, it’s hard to avoid comparisons to the 1970s, when that term earned its…

Was Wednesday's Stock Market Surge Premature?

fool.com Stock market participants had been looking forward to Wednesday for quite a while, as they anticipated getting valuable insight when Federal Reserve chair Jerome Powell gave…

CryptoSlate Wrapped Daily: Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce

cryptoslate.com The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura…

Fed’s Chief Jawboner to Let Data Do the Talking

washingtonpost.com For much of the past year, Federal Reserve Chair Jerome Powell has used his marquee speeches to jawbone markets lower to put downward pressure on inflation, making his words…

Larry Kudlow: Why should union members have to pay dues to support left-wing agendas?

foxbusiness.com Well, I hate to oversimplify, but shutting down the entire American economy over seven paid sick leave days for railroad workers just doesn't seem like a good trade-off.…

How to Profit from Inflation Surges

fool.com After the Great Recession, inflation stayed low as the banking system recovered. For several years, inflation never rose above 2%. But in recent months, inflation is making…

U.S. gas prices plunge toward $3 a gallon as demand drops worldwide

washingtonpost.com The cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift…

Bitcoin trades over $17,000 following Powell's speech, December decisions loom large

theblock.co The Fed is likely to slow its rate increases in December, while upcoming inflation data and the first U.S. House committee hearing on the FTX collapse also loom large for…

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