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September 22, 2021

Inflation

Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’

CNBC
CNBC – For more and to sign up click here The Federal Reserve on Wednesday held benchmark interest rates near zero, but indicated rate hikes could be coming a bit sooner than expected while significantly cutting their economic outlook for this year. Along with those largely expected moves, officials on......

Inflation, a labor crunch and the delta variant pressure restaurants heading into fall, survey finds

CNBC
CNBC – For more and to sign up click here Restaurants around the county were looking ahead to the economy’s reopening over the last few months, as Covid vaccines became more widespread and pent-up consumer demand was palpable. But headwinds from supply chain disruptions to a labor shortage and rising......

Standard Chartered chairman still sees opportunity in China even as regulations tighten

CNBC
CNBC – For more and to sign up click here Tourists visit the Bund waterfront area on May 10, 2021 in Shanghai, China. Wang Gang | Visual China Group | Getty Images But overall, I think China continues to be a tremendous source of opportunity for the private sector. Jose......

Here’s how inflation is hitting the online prices of everything from apparel to furniture

CNBC
CNBC – For more and to sign up click here Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights. Inflation is hitting categories including pet products, nonprescription drugs, apparel,......

SNP challenges Johnson on inflation rate

BBC
SNP Westminster leader Ian Blackford says the government needs a winter plan for working families. He said the government was creating a “Tory poverty pandemic”. Prime Minister Boris Johnson said the government was “protecting people on low incomes up and down the country”. Williamson out as Boris Johnson begins reshuffle......

These undervalued, ‘inflation-proof’ assets could outperform in the fourth quarter

CNBC
CNBC – For more and to sign up click here Investors may be on the lookout for inflation hedges after better-than-expected consumer price data failed to keep the broader market afloat on Tuesday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed lower on Tuesday despite the......

UK growth may be more of a worry than inflation

Reuters
People walk along Camden High Street in London, Britain, September 19, 2020. REUTERS/Henry Nicholls LONDON, Sept 15 (Reuters Breakingviews) – British inflation leapt to 3.2% in August from 2% the previous month, the sharpest increase in the annual rate on record, data showed on Wednesday. As in the United States,......

UK inflation rate posts biggest increase since records began

CNBC
CNBC – For more and to sign up click here City workers, and commuters, many of whom are wearing face masks heading towards the entrance to Liverpool Street Station on Bishopsgate on 26th May 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The......

Equities fall as U.S. inflation data raises more questions

Reuters
Wall Street dips as choppy recovery, looming tax hikes weigh Oil turns negative on inflation data, improving storm outlook U.S. yields fall after inflation shows signs of cooling NEW YORK, Sept 14 (Reuters) – Global markets edged lower and the dollar fell on Tuesday after data showed U.S. inflation rose......

Consumer prices post smaller than expected increase in August

CNBC
CNBC – For more and to sign up click here Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index, which measures a basket of common products as......

California Recall Election, Lawmakers Grill Blinken On Afghanistan, Inflation Fears : Up First

NPR
NPR President Biden traveled to California to campaign for Governor Gavin Newsom in the lead up to the closely watched recall election. As voting comes to a close on Tuesday, how is the field stacking up? Secretary of State Antony Blinken pushed back against criticism of the U.S. withdrawal from......

Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot

CNBC
CNBC – For more and to sign up click here A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles. Kevork Djansezian | Reuters Tuesday’s report of the consumer price index could set the tone for markets ahead of......

‘Stagflation’ is the greatest threat to Europe’s recovery, warns ex-Italian PM Monti

CNBC
CNBC – For more and to sign up click here Former Italian Prime Minister Mario Monti told CNBC Saturday that he believes the greatest threat to Europe’s economic recovery from the coronavirus pandemic is “stagflation.” Monti, now the president of Italy’s Bocconi University, said the “huge mass” of accommodative monetary......

Inflation could repeat the 1960s, when the Fed lost control, Niall Ferguson says

CNBC
CNBC – For more and to sign up click here Niall Ferguson Olivia Michael | CNBC Inflation could be repeating the trajectory of the late 1960s, which laid the foundation for sustained high inflation the following decade, according to top economic historian Niall Ferguson. Speaking to CNBC Friday, Ferguson said......

S.Korea inflation at 9-year peak fuels rate hike expectations

Reuters
Aug CPI +2.6% y/y, core CPI +1.3% y/y Headline CPI stands above BOK’s 2% target for 5th month Agricultural and oil products, housing rental and services rise Nov rate hike possible if growth uncertainties ease – economist SEOUL, Sept 2 (Reuters) – South Korea’s August consumer inflation stayed at a......

Two more factors have popped up that add to the Fed’s inflation worries

CNBC
CNBC – For more and to sign up click here A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Trends in home prices and consumer expectations that were part of data releases Tuesday pointed to more inflationary issues on the......

Euro zone inflation hits 10-year high ahead of key central bank meeting

CNBC
CNBC – For more and to sign up click here MARZAMEMI, ITALY – AUGUST 14: The summer of tourism in Sicily resuming another year after the Covid 19 health emergency. Stefano Guidi | Getty Images News | Getty Images LONDON — Inflation in the euro zone rose again in August,......

Market’s biggest bull warns software is a crowded trade and delivers a new top play

CNBC
CNBC – For more and to sign up click here The market’s biggest bull predicts the S&P 500 will rally another 7%, but he warns a popular trade won’t be along for the ride. Wells Fargo Securities’ Chris Harvey recently cut software to underweight from neutral and declared it a......

US Airstrike Against ISIS-K, How The Fed Sees Inflation, Voting Rights Marches : Up First

NPR
NPR The U.S. Military believes it’s killed an ISIS-K planner in Afghanistan, meanwhile evacuations continue at the airport. What the Federal Reserve is — and isn’t — willing to do about inflation. And what voting rights activists are calling for on the anniversary of the March on Washington. NPR –......

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