Tag Archives: Inflation

The biggest bear on Wall Street: BofA’s Subramanian just slashed her S&P price target to 3,600. But here’s what she likes for healthy cash return and inflation protection With the market trading sideways lately, some investors are wondering whether the sell-off is done and we could be at the bottom. But according to Bank of America’s head of U.S. equity and quantitative strategy Savita Subramanian, tough times still lie ahead. Her team recently lowered their year-end price target on the… Source link

Following inflation data showing worse-than-expected price increases in June, bond markets are now flashing signs of deeper investor concerns about recession. On Wednesday, the U.S. 10-year note yield slipped as much as 0.21% lower than the yield on the 2-year, the largest negative spread between the two securities since 2000. A yield curve inversion, in which short-dated bonds yield more than longer-dated ones, shows a reversal in typical risk attitudes, as investors usually expect more… Source link

Arghhhh! Inflation is really bad right now. The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981. Everybody who drives a car knows skyrocketing gasoline prices are one of the principal culprits. Plus, food prices are up 12% year-over-year, leaving families little choice but to shell out more for essentials. There are also signs that some types of inflation are running their course, as consumers adapt and pandemic-related supply-chain kinks… Source link

As inflation reaches new record-highs, more Americans are ditching their daily cup of joe — at least at big coffee chains like Dunkin’ and Starbucks (SBUX). According to new data from foot traffic analytics platform Placer.ai, coffee visits dropped below quick service restaurants for the first time all year during the month of June due to “a combination of inflation, high gas prices, and the rise in COVID cases,” the report noted. Over the past two years — as the pandemic hammered fast… Source link

U.S. consumer prices in June accelerated at the fastest annual pace since November 1981. The Bureau of Labor Statistics’ Consumer Price Index (CPI) reflected a year-over-year increase of 9.1% last month, up from the prior 40-year high of 8.6% in May. Economists were expecting June’s reading to show an 8.8% increase, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation rose at a pace of 1.3%, inching up from 1% in May and climbing at a faster tempo… Source link

U.S. stocks pushed higher Wednesday afternoon to close out a choppy day in the green, though the risk of a recession remained top of mind for many investors. The S&P 500 rose for a third straight session, closing higher by 0.4% to end at 3,845.08. The Dow Jones Industrial Average gained 70 points, or 0.2%, to end at 31,037.68, and the Nasdaq Composite gained 0.4% to reach 11,361.85. The moves came after minutes from the Federal Reserve reaffirmed the central bank remained focused on tightening… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 1, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. On Thursday, we learned the Fed’s preferred inflation measure — core PCE — moderated in May, rising 4.7% over the prior moth and marking the third-straight month of moderating price pressures. And while investors will be closely… Source link

Billionaire hedge fund manager Bill Ackman reiterated recent calls on Twitter Tuesday morning for the Federal Reserve to intervene aggressively to tame inflation. Ackman’s latest tweet comes a day after a key economic report showed U.S. consumers have the most pessimistic economic outlook in nearly a decade. “Consumer confidence is weak because of inflation, not because of the economy. Jobs are plentiful and the economy is strong,” the Pershing Square founder said in a tweet. “The Source link

55 per cent of Canadians said Trudeau has no solid plan to fight inflation and bring prices down. (Photo by JOHN MACDOUGALL/AFP via Getty Images) A majority of Canadians believe Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland have “no solid plan” to tackle inflation and rein in prices, a new Yahoo/Maru Public Opinion poll has found. According to the survey of 1,515 Canadians, 55 per cent said Trudeau has no solid plan to fight inflation and bring prices down, while 20 per… Source link

US stocks fell Wednesday morning, extending Tuesday’s losses as investors remained focused on mounting signs of a slowdown in US economic growth. The S&P 500 traded lower shortly after market open, following a 2% slide in the index a day earlier. The Dow Jones Industrial Average edged lower, while the Nasdaq Composite underperformed as technology stocks remained under pressure. Bitcoin also fell, and prices briefly fell below $20,000. West Texas intermediate crude oil futures rose above $112… Source link