US Producer Prices Unexpectedly Fall, Signaling Easing Pressures
Reade Pickert BloombergMarch 15, 2023 US producer prices unexpectedly declined in February, pointing to an easing of cost pressures in corners of an economy still battling the highest inflation in a generation. The producer price index for final demand fell 0.1% from the prior month and increased 4.6% from a year earlier, according to data out Wednesday […]
US Job Openings Surge Past 11 Million as Fed Zeros In on Labor
Molly Smith BloombergFebruary 1, 2023 December increase in vacancies led by leisure and hospitality Ratio of openings to unemployed climbed to near-record 1.9 Vacancies at US employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation. […]
After $18 Trillion Rout, Global Stocks Face More Hurdles in 2023
Thursday, December 29, 2022 09:00 PMSource: Bloomberg by Jan-Patrick Barnert Recession, rate hikes risk spurring earnings slowdown in 2023 – Question marks remain over how Big Tech and China will fare. More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record […]
BlackRock, Fidelity Warn Inflation Is Being Underestimated Again
Tuesday, January 10, 2023 12:00 AMSource: Bloomberg by Eva Szalay Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago. The stakes are immense after (During 2022) Wall Street almost unanimously […]
Fed’s High Inflation Forecast Baffles Wall Street After Soft CPI
Matthew Boesler BloombergDecember 16, 2022 ‘Extremely strong December numbers’ implicit in new projection Officials may not have updated numbers after Tuesday CPI data The Federal Reserve’s updated economic projections this week appeared to incorporate an assumption that raised eyebrows: inflation would prove resurgent at the end of this year. The quarterly projections showed Fed officials […]
Fed is ‘way too tight’ and will have to consider cutting rates in 2023, says Wharton’s Jeremy Siegel
Jesse Pound CNBCDecember 15, 2022 The Federal Reserve is going too far in its fight against inflation and will be under pressure to reverse course next year, according to Wharton School of Business professor Jeremy Siegel. But Siegel pointed out that the Fed had repeatedly changed its forecast over the course of this year and […]
US INSIGHT: 72 Models Show 1 Part of Price Fight Going Fed’s Way
David Wilcox BloombergDecember 11, 2022 From the early days of the inflation outbreak in 2021, analysts and policymakers have feared that if rapid price gains persisted more than a few months, expectations might become unanchored, making the job of bringing actual inflation back down to 2% more difficult. Bloomberg Economics has run 72 models to […]
US Inflation Will Be Much Lower by End of 2023, Yellen Says
Jill Disis BloombergDecember 12, 2022 Yellen says she is ‘hopeful’ the labor market will be healthy CPI expected to have slowed to 7.3% in November: economists US Treasury Secretary Janet Yellen says inflation will be much lower by the end of next year, as long as there are no unanticipated shocks to the economy. “I […]
Consumers see inflation easing considerably in the next year, New York Fed survey shows
Jeff Cox CNBCDecember 12, 2022 Consumers grew more optimistic about inflation in November amid expectations that both food and energy price increases would be less severe in the coming year, according to a New York Federal Reserve survey released Monday. The central bank’s Survey of Consumer Expectations indicated that respondents see one-year inflation running at […]
US Year-Ahead Inflation Expectations Fall to Lowest Since 2021
Reade Pickert and Augusta Saraiva BloombergDecember 9, 2022 One-year price views dropped to 4.6% in early December University of Michigan sentiment index climbed to 59.1 US short-term inflation expectations unexpectedly declined to the lowest level in more than a year and consumer sentiment picked up, helped by falling gasoline prices. Consumers expect prices will climb […]