Unhedged feels only a little reassurance. We thought inflation was all but beaten four months ago, and were wrong; once burnt, and all that. Despite this good report, however you look at it, core inflation is closer to 3 per cent than 2 per cent, and the trend is sideways, not down.
Reports of the demise of US inflation have been greatly exaggerated. Today on the show, Rob Armstrong and Aiden Reiter discuss the continuing high numbers and what the Fed might do about it this year. Also they go long Ohio State and short New Year’s resolutions.
Yields down, stocks up. After government bonds sold off sharply the week before, buyers were back after favourable inflation prints calmed investors’ nerves in the US and UK in the past week. As far as returning to normal it might be as close as we are going to get for some time.
Economists polled by Reuters expect Wednesday’s US consumer price index to show inflation of 2.8 per cent in December, up from 2.7 per cent a month earlier. They anticipate that core inflation, which strips out volatile components such as food and energy prices,
The battle of expectations continues. Republicans believe inflation will fall to 0.1%, while Democrats foresee 4%.
Let’s face it, while they are intellectually fascinating, there are no good news stories about bond markets. It’s always “someone’s defaulted”, “someone’s crashing the economy”, or some other such awfulness.
Banks were among Wednesday’s biggest gainers after several of Wall Street’s biggest lenders posted big rises in quarterly profits, driven by strength in investment banking and trading. Citigroup, Goldman Sachs and Wells Fargo all jumped about 6 per cent.
This article delves into the factors driving debt review applications in South Africa, highlighting expert opinions on consumer financial health and the implications of rising costs. Picture: Simphiwe Mbokazi,
The IMF has warned that Trump's plans to impose higher blanket tariffs by up to 20%, lower taxes, and restrict immigration could lead to higher inflation and prevent Fed interest rate cuts. The fund substantially raised its forecast for U.
The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected barrage of new economic policies from Washington.
With an estimated net worth of $117 billion, Warren Buffett, the CEO of Berkshire Hathaway, has built a tremendous financial empire. But unlike the high-roller lifestyles of other extremely rich celebrities and business people,