Creeping Inflation

Economists sound the first alarm bells on inflation

He is now worried. “Financial markets are going to have to get used to the return of troublesome problems which, until recently, seemed long dead,” he wrote in May. Central bankers have not had to deal with an inflation problem in their careers. After averaging around 10% per year in …

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US stocks perform poorly as early buy interest fades

(RTTNews) – After failing to maintain an initial move higher, stocks showed lack of direction during Tuesday’s trading day. While the Dow Jones managed to stay in positive territory, the Nasdaq and the S&P 500 bounced off the unchanged line. Currently, large averages are turning into mixed performance. The Nasdaq …

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Woolworths ‘watches’ rising meat and shipping costs

Woolworths supermarket boss Natalie Davis said large retailers “ strike a balance ” between managing cost pressures from their suppliers and creating value for shoppers in the face of rampant inflation caused by higher shipping costs and higher prices for commodities such as meat. Ms Davis told Australia’s Global Food …

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German court dismisses claims against double taxation of pensions

Bloomberg Bitcoin’s volatility creates a new alternative to the crypto balance sheet (Bloomberg) – Corporate treasurers who are fed up with the lowest returns on their cash are about to get another argument from the crypto world. Circle Internet Financial Ltd., one of the companies of digital assets behind the …

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The “long COVID” economy | Nasdaq

Band Patrick Watson According to some analysts, inflation is coming soon. Americans will spend like crazy and push prices up as the pandemic recedes. This is the theory. It might be fair for a while, but we have other issues as well. On the one hand, the pandemic is not …

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The Fed’s Taper Talk is a preemptive strike against inflation fears

Subscribe to the New Economy Daily newsletter, follow us @economy and subscribe to our podcast. Inflation readings are hotter than expected by Federal Reserve officials and could accelerate as they debate scaling back on their massive bond-buying campaign. Fed vice-chairmen Randal Quarles and Richard Clarida both said this week that …

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Stock futures rise after Dow’s worst day since January

A passenger wears a protective mask at the Wall Street subway station in New York on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images Futures linked to major U.S. stock indexes surged higher in Wednesday’s overnight session, just hours after lingering pressure on tech stocks pushed the …

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When does an economy overheat?

The Guardian Republicans are trying to rewrite the history of the attack on Capitol Hill. Don’t let them By blocking a congressional investigation into what happened, the Republican Party has proven itself beyond shame or dignity. the Republican Party’s relentless war on expertise, factual media and political opposition. Photograph: Joseph …

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The price of breakfast: soaring costs reinforce fears of global food inflation

The cost of raw materials that go into making breakfast staples has climbed higher since the start of the pandemic – raising fears that a large commodity boom could push up global food prices for consumers. Bulk contract prices for coffee, milk, sugar, wheat, oats and orange juice have jumped …

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Dollar Tree beats sales estimates

Bloomberg World faces longer supply shortage as Chinese factories contract (Bloomberg) – Eric Li’s factory, which makes glass lampshades for companies like Home Depot Inc., is being pushed to its limits with sales doubling their pre-pandemic level, but like many Chinese manufacturers, it has no plans to expand its business …

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