WASHINGTON — Another month, another four-decade high for inflation. For the 12 months that ended in March, consumer prices rocketed 8.5%. That was the fastest year-over-year jump since 1981, far surpassing February’s mark of 7.9%, itself a 40-year high. Even if you toss out food and energy prices — which are notoriously volatile and have […]
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
Robyn Beck | dpa | Getty Images Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months prior. Prices are going up on everything from the food you put on the table to the gas […]
JPMorgan Chase CEO Jamie Dimon gave a bleak financial outlook for the world on Monday, warning of a hangover that could last decades thanks to the war in Ukraine, soaring inflation and COVID-19. In his letter to shareholders, Dimon said the world was facing a ‘confluence of three important and conflicting forces’ that made the […]
(Kitco News) After a stellar first quarter, gold’s April trading started on a sour note as prices dropped $30 on the day amid rising yields. But analysts are keeping a close eye on the 2-year and the 10-year Treasury yields and what the inversion means for gold. The main event Friday […]
A protester holds a ‘Save Us From The Energy Crisis’ placard during a rally in London. British households face soaring energy bills from April 1 as the country’s energy price cap rises by 54%. Vuk Valcic | Sopa Pictures | light rocket | Getty Images The number of English households in fuel poverty will double […]
Long Beach Fish Grill’s menu board Source: Jessica Dinglasan Jessica Dinglasan, owner of Long Beach Fish Grill in Long Beach, California, never used to write “market price” on her menu. But now the halibut fish she sources costs more than $30 a pound, nearly double what it was a year ago, and the 13-gallon container […]
US home prices have soared to new heights and keep on climbing, and now some researchers and economists are saying they have seen signs of a housing bubble brewing. Home prices are rising faster than market forces would indicate they should and are becoming “unhinged from fundamentals,” according to a new blog post written by […]
Vera_Petrunina | iStock | Getty Images A big question on the minds of both Wall Street and C-suites across corporate America is the strength of the consumer, namely, how long can it last? At some point, consumers will begin to balk at higher prices brought on by demand shocks, supply chain disruptions and surging energy […]
David Dee Delgado | Getty Images News | Getty Images The bond market is flashing a warning sign for the US economy. That harbinger is called an “inverted yield curve.” These inversions in the bond market have been reliable predictors of past recessions. Part of the yield curve inverted on Monday. An economic downturn isn’t […]
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