Fed’s Barkin says rate increases need to continue until inflation holds at 2%

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So … Read more

Stocks Rally After Encouraging Inflation Data

The Nasdaq Composite is officially in a new bull market. The technology-focused stock index rose 2.9% Wednesday, reflecting a rise of more than 20% from its low in mid-June. It climbed with other major benchmarks after new data raised investors’ hopes that the pandemic era’s stubbornly high inflation might finally be easing. The encouraging report … Read more

Look at these stocks to lead a comeback rally if inflation has peaked

Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and services, rose 8.5% in July from a year ago, as compared with estimates of an 8.7% increase. Investors cheered the news , which led many to wonder … Read more

The easing of inflation pressures is giving the economy some breathing room, for now

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to U.S. economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat … Read more

Fed Likely to Want Further Evidence of Inflation Slowdown

A slowdown in inflation last month, following recent indications of a robust labor market, complicates the Federal Reserve’s decision on how much to raise interest rates next month. Data on inflation and economic activity are likely to guide whether central bank officials lift their benchmark federal-funds rate by a half-percentage point or three-quarters of a … Read more

Treasury yields in focus as investors assess inflation data

Longer-term U.S. Treasury yields were little changed on Wednesday, as investors awaited highly anticipated inflation figures which could influence the pace of Federal Reserve interest rate hikes. The yield on the benchmark 10-year Treasury note ticked up less than 1 basis point to 2.801% while the yield on the 30-year Treasury bond was marginally higher … Read more

Wage inflation, used car prices could jump higher: Jim Bianco

Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other … Read more

Why Australian banks are slashing fixed-rate home loans despite successive interest rate rises

It may have gone largely unnoticed among the screeching sirens and the roar of emergency vehicles — but interest rates actually fell last week. That’s right. In the rush to deliver the bad news on a hugely telegraphed double hike in the official cash rate — which the big four banks passed on in full … Read more

Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves

Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big interest rate increases and thinks they are likely to … Read more

Where Is The Worst State For U.S. Workers? – CNBC

Where Is The Worst State For U.S. Workers?  CNBC Companies have been fleeing to low-tax states. Here’s why that may be bad news for workers  CNBC View Full Coverage on Google News