Creeping Inflation

U.S. tech stocks lead Wall Street down

US stocks came under pressure on Thursday as investors digested a new investment ban from the Biden administration, new economic data pointing to a strengthening labor market and prospects the Federal Reserve may begin to consider scaling back its political support as inflationary pressures intensify. The tech-rich Nasdaq Composite led …

Read More »

Analysis: Fed’s accommodative approach to inflation complicates BOJ debt reduction plans

TOKYO (Reuters) – The recent pledge by the U.S. Federal Reserve to keep interest rates low despite rampant inflation has created new headaches for the Bank of Japan, which is trying to quietly wean the economy from its massive stimulus measures. FILE PHOTO: A one hundred US dollar bill and …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »