Tag Archives: Inflation

[unable to retrieve full-text content]Fed’s favorite inflation gauge and Big Tech earnings greet a slumping stock market: What to know this week  Yahoo Finance Source link

[unable to retrieve full-text content]Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience  Yahoo Finance Source link

[unable to retrieve full-text content]JPMorgan’s Jamie Dimon is worried about ‘stickier inflation and higher rates’  Yahoo Finance Source link

[unable to retrieve full-text content]All eyes on inflation print as Q1 earnings season kicks off: What to know this week  Yahoo Finance Source link

[unable to retrieve full-text content]The stifling impact high inflation has on retirement savers  Yahoo Finance Source link

The housing market is showing signs of a recovery as the spring home-buying season gets underway. Mortgage rates fell for the second week in a row, declining to the lowest level in more than a month. The average rate on the benchmark 30-year fixed mortgage fell to 6.74% from 6.88% the week prior, per Freddie Mac. And as mortgage rates decline, supply is starting to rebound. New listings hit a 17-month high in February, while the total number of homes for sale rose to the highest level in a… Source link

Money is tight, food prices are soaring, and that’s turning more and more Americans to buy now, pay later options to stay afloat. Last year, some 15 million consumers — or 6.5% of the US population — reported using BNPL installment loans to pay for groceries or manage their weekly food expenses, according to research from PYMNTS Intelligence. Out of that share, about 5.4% of the households using BNPL to afford groceries were low-income. Meaning there was still a slim share of… Source link

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

[unable to retrieve full-text content]Stock market today: S&P 500, Nasdaq dip ahead of key inflation print  Yahoo Finance Source link

Retailers such as Target (TGT) and Foot Locker (FL) are set to report their quarterly results this week. Storch Advisors CEO Jerry Storch joins Yahoo Finance Live to discuss the current state of the consumer. Storch, the former CEO of Toys “R” Us and Hudson’s Bay, says so far “the consumer has held up pretty well.” Despite this resilience, he notes that “inflation is still real” and other pressures remain, so investors will be watching retail results “with a very sharp eye.” Retail earnings… Source link