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. […]
Stop panicking about inflation, BlackRock CEO tells investors — ‘We’re going to get through this’
PUBLISHED WED, JUL 20 2022 CNBC.com / Mad Money Krystal Hur KEY POINTS The economic headwinds currently roiling the U.S. economy are fixable in the long-run, meaning investors can afford to relax a bit, BlackRock CEO Larry Fink told CNBC’s Jim Cramer on Wednesday. “A really famous person called me up, panicking, ‘what should I […]
JPMorgan’s Kolanovic says a ‘mild recession’ is already priced in and so the worst is behind us
CNBC Pro The stock market has already discounted a modest recession, and that means investors can bet on a rebound, according to a top strategist at JPMorgan. Fears of a recession have steadily grown since the start of summer, and many economists expect a second-consecutive negative GDP reading later this week. However, JPMorgan’s Marko Kolanovic […]
U.S. economy slowing, but recession not inevitable, Yellen says
From Reuters News Reporting by Joel Schectman and David Lawder; Editing by Lisa Shumaker and Leslie Adler July 24, 20224:49 PM PDT Last Updated 18 hours ago WASHINGTON, July 24 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but […]
‘Don’t see it in my numbers’: American Express CEO doubts recession fears
Source: Yahoo Finance by Brian Sozzi A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year. “We’re acquiring spending and we see future travel bookings [strong] so I don’t see it [a recession] in my numbers at all,” Squeri told Yahoo Finance. “It’s really hard for me to get […]
Global manufacturers see chip shortage easing
July 21 Source: Reuters by John Revill and Supantha Mukherjee Hyundai Motor Co (005380.KS), factory robot builder ABB (ABBN.S) and Swedish fridge maker Electrolux (ELUXb.ST) see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components. An increased supply of chips will reduce one burden facing an industry that is also battling […]
Global shipping costs are lowering. Here is why it could mean the economy is bouncing back.
Source: CNBC by Alex Kantrowitz During the pandemic, the cost to ship containers climbed from $2,000 to $20,000. Now, shipping rates are falling, which Kantrowitz says could be an sign of the supply chain correcting itself. In May 2021, a shipping source told me to expect inflation. His cost to ship containers from China to […]
‘What recession?’ Evercore ISI says after bank earnings show consumers are paying their debts
PUBLISHED TUE, JUL 19 202212:43 PM Source: CNBC By Hugh Son The odds of recession may be rising, but consumers haven’t gotten the memo yet. That’s one of the main takeaways from second-quarter reports from the six biggest U.S. banks. While signs of financial stress and the impact of rising interest rates have begun to […]
Taiwan June export orders seen growing for second straight month on tech demand
July 18, 20228:17 PM PDT Source: Reuters TAIPEI, July 19 (Reuters) – Taiwan’s export orders likely grew for a second consecutive month in June after falling for the first time in two years in April, a Reuters poll showed on Tuesday, supported by demand for technology products. The median forecast from a poll of 16 […]
Stifel sees market comeback as economy dodges a recession, Fed slows rate hikes
PUBLISHED MON, JUL 18 20228:06 AM EDT Source: CNBC, by Jesse Pound The stock market is set up for a short-term rebound if fears about an economic downturn start to wane, according to investment firm Stifel. Stifel strategist Barry Bannister said in a note to clients on Monday that he sees the S&P 500 rising to 4,200 […]