Will Powell Pivot? Don’t Count On It
Stocks are rallying on hopes that Jerome Powell and the Fed will stop increasing interest rates this fall, pivot, and start reducing them next year....
Nasdaq, S&P 500 retreat as rate hike fears cool stock rally
U.S. producer prices fall in July, underlying inflation slows Disney tops Netflix on streaming subscribers, shares jump U.S. weekly jobless claims rise for second straight...
European Energy Crisis Deepens as Power Prices Reach Records
(Bloomberg) — European power prices rose to fresh records on Thursday as a heatwave limits energy supplies and wildfires rage across France. Most Read from...
Fed Leaders, Unswayed by Softer CPI, See Rate Hikes Into 2023
(Bloomberg) — Federal Reserve officials responded to softening inflation data by saying it doesn’t change the US central bank’s path toward even higher interest rates...
Mexico, Peru, Argentina Set for New Rate Hikes: Decision Guide
(Bloomberg) — Mexico and Peru’s central banks are expected Thursday to hike their key interest rates to the highest point in more than a decade,...
China’s Inflation Warning Raises Bar for Further PBOC Easing
(Bloomberg) — The People’s Bank of China said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing...
Fed’s Mary Daly says it’s too early to ‘declare victory’ over inflation
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly warned it is far too early for the U.S. central bank to “declare victory” in its...
Searches For ‘Sell My House’ Hits Its Highest Point In U.S. Internet History
Analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 – the highest...
Initial Jobless Claims Surge To Highest Since November
The number of Americans filing for jobless benefits for the first time last week was 262k, notably higher than the 248k the prior week. That...
7 Ways Inflation Reduction Act Would Wallop Your Wallet
Masquerading as the “Inflation Reduction Act,” the bill passed Sunday by the Senate is nothing more than a Trojan horse for more of the same policies that created the stagflationary fire...