Treasuries Suggest Fed Can Tame Inflation Without Killing Growth
Saturday, September 10, 2022 04:00 PM Source: Bloomberg by Michael Mackenzie The bond market is signaling that in the matter of the Federal Reserve versus inflation, its money is on the US central bank. Demand for inflation protection — as measured by yields on inflation-protected Treasury debt — keeps falling. The five-year expected inflation rate […]
Peak Inflation? US Corporations Seems to Think So: Taking Stock
Monday, September 12, 2022 08:36 AM Source: Bloomberg: by Jessica Menton After US stocks snapped three straight weeks of losses, investors are looking ahead to a batch of crucial inflation figures that will help determine the pace of the Federal Reserve’s interest-rate increases this year and beyond. But when it comes to corporate decision makers, […]
Wharton professor Jeremy Siegel says most inflation data is coming in below expectations and hawkish Fed is out of step with economic reality
Source: Insider, September 2, 2022 Inflation is improving and the Fed’s hawkish view is at odds with the economy, Jeremy Siegel said. He noted that 26 of 27 inflation indicators have been below expectations in the last month. It could mean the Fed won’t have to raise rates as much as many observers are expecting. […]
US Consumers Show Signs of Resilience Despite Raging Inflation
Wednesday, August 17, 2022 09:56 AM Source: By Reade Pickert and Brendan Case US consumers are standing firm in the face of hot inflation and rising interest rates — even if they’re spending with a little less gusto and a lot more frustration. Retail sales excluding a price-induced drop in gas station receipts and a drop […]
Why Inflation Is on the Way Down
The Fed should ask Milton Friedman. When growth of the money supply slows, so does the increase in prices. By Donald L. Luskin WSJ Opinion July 25, 2022 2:04 pm ET The Federal Open Market Committee faces a momentous decision this week, with markets fully expecting a history-making second-in-a-row 0.75-point hike to the federal-funds rate. […]
UBS raises S&P 500 year-end forecast because of giant profit comeback
The second-quarter earnings season is off to a strong start, and UBS thinks the rising corporate profits should keep pushing the stock market higher for at least the next year. David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management, hiked his targets for the S&P 500, projecting the index to reach […]
Inflation expectations surge, hitting new high for New York Fed survey
Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from the central bank’s New York district.
China’s producer price growth slows but inflationary pressures persist
China’s factory gate prices rose at a slightly slower pace in June, providing some reprieve for businesses though persistently high raw material costs are threatening to undermine the post-coronavirus economic recovery.
Economists Lift U.S. Growth Forecasts Even as Pace Set to Cool
(Bloomberg) — The U.S. economy is entering a new phase. Fueled by widespread vaccinations, government stimulus and the lifting of most Covid-19 restrictions, the economy likely expanded in the second quarter at one of the fastest paces in decades. But at some point, gross domestic product growth has to come off the boil and return […]
Service Industries in U.S. Expand at Fastest Pace on Record
(Bloomberg) –U.S. service providers experienced the fastest growth on record in March as measures of business activity and orders advanced to new highs. The figures from the Institute for Supply Management on Monday underscore how looser business restrictions and increasing economic activity are igniting a rebound in sectors hardest hit by the pandemic. The ISM’s services […]