Creeping Inflation

5 smart money moves before the Fed starts raising interest rates again

5 smart money moves before the Fed starts raising interest rates again Federal Reserve Chairman Jerome Powell (pictured) and his colleagues have said the central bank will keep its benchmark interest rate close to zero for now, despite the gains the US economy has made in recent months. But rates …

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OPEC + Seeks Consensus on Oil Production Policy After UAE Roadblock, Energy News, ET EnergyWorld

LONDON / DUBAI / MOSCOW, – OPEC + resumes talks on increasing oil production on Friday after the United Arab Emirates blocked a deal the day before, creating a deadlock that could delay plans to pump more oil until ‘at the end of the year to cool down prices which …

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Ford, Micron, Didi and Walgreens: 5 things to know

Here are five things you need to know for Thursday, July 1: 1. – Stock Futures Flicker As S&P 500 Closes Strong First Half Equity futures wobbled Thursday as Wall Street entered the third quarter ahead of the release of the US jobs report for indications of the economy recovering. …

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ASX avoids COVID gloom to cap record year

Mining and Telstra helped support the index, while big banks and CSL biotech lost some heat. The session closed a ninth consecutive monthly gain for the stock market, with 11 of the past 12 months ending higher as investors continue to invest in stocks, supported by an unprecedented river of …

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Bank burden – the Hindu BusinessLine

The Centre’s credit surge towards the economy with an eye on the informal sector did not come too late. It is a tacit recognition that large swathes of the working class have been affected by the second wave of the pandemic and may need additional support beyond food and cash …

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The US economy is closer to normal – but still has a way to go

When the coronavirus pandemic first hit American soil, millions of people lost their jobs within weeks. And in April 2020, the unemployment rate in the United States hit an all-time high. Things have improved a lot since then. Not only were more jobs reintroduced into the economy, but the many …

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Canadian Banks: Buy This Rising Dividend Aristocrat!

It took a year and a half for Canadian bank stocks, many of which are prominent dividend aristocrats, to rise from the niche to the top of the podium. With inflation nervousness and concerns about faster-than-expected rate hikes, Canada’s major financial stocks suddenly became must-buy amidst an ever-improving macroeconomic backdrop. …

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Slight optimism ahead of Core PCE, GBP / CHF back in range

Asian indices: Australia’s ASX 200 index rose 47.1 points (0.65%) and is currently trading at 7,322.40 Japan’s Nikkei 225 index rose 45.23 points (0.16%) and is currently trading at 28,920.12 Hong Kong’s Hang Seng Index rose 314.6 points (1.09%) and is currently trading at 29,197.06 UK and Europe: UK FTSE …

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Pound grows as economy reopens – live updates

Oour deputy economic editor Tim wallace reports on the latest PMI survey: According to the IHS Markit Purchasing Managers Index (PMI), companies are raising prices at an all-time high as a supply shortage combined with soaring demand outstrips their ability to serve customers. The cost of materials and components is …

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