Tag Archives: Inflation

Walmart’s shoppers look to be handling high levels of inflation in food and general merchandise relatively well. “We haven’t seen any meaningful difference yet in how they’re shopping. We know consumers are focused on inflation, but we’re not seeing major changes in shopping patterns,” Walmart CFO Brett Biggs tells Yahoo Finance. “Wages are up, unemployment, low. Consumer balance sheets are still in pretty good shape. So I think all of that helps customers.” Walmart (WMT) saw sales strength… 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 Thursday, February 17, 2022 Inflation everywhere, but ‘depressed’ public shops through it Power Twitter users might be familiar with the catchphrase “tweeting through it.” Loosely defined, it’s a state of ignoring a crisis (one most likely of your own making) by posting about other things as a means of idle distraction. After January’s… Source link

In an exclusive interview Wednesday with Yahoo Finance Editor-in-Chief Andy Serwer, legendary investor Charlie Munger weighed in on the high stakes of soaring inflation in the United States. Citing examples from the Roman Republic to Adolf Hitler to Latin America, Munger said, “Inflation is a very serious subject, you could argue it is the way democracies die.” He notes that it was after of years of inflation when “eventually the whole damn Roman Empire collapsed, so [the current… Source link

Democrats have an inflation problem with voters. And they’ve been pointing in a range of directions to deflect the blame for consumer prices that have increased at the highest rate in 40 years. Targets include supply chain woes, the stalled Build Back Better plan, the gas tax, and lower immigration rates. Some Democrats also contend that across the economy, big corporations have spurred skyrocketing inflation — and that means you could hear the phrase “price gouging” a lot between now and… Source link

Canadian inflation has an effect on the economy whether it’s interest rates, mortgage rates, gas prices or any other thing we require as a good or service. (Getty Images) Canadian inflation topped 5 per cent in January, for the first time since September 1991. Statistics Canada says the Consumer Price Index (CPI) rose 5.1 per cent year-over-year, higher than estimates of 4.8 per cent. It was 4.8 per cent in December. For the sake of comparison, the CPI increased 1 per cent in January 2021 on a… Source link

With prices at historic highs, Valentine’s Day is likely to cost you extra this year. But if you’re up for a romantic night in, the bill may not be as bad as you think. According to data from LPL Financial, despite decades-high inflation levels, the holiday remains “relatively affordable,” compared to inflation in the broader economy. The firm’s Valentine’s Day Index, which tracks the annual prices of four ways to celebrate — jewelry, a night in, a night out, and a vacation… Source link

Inflation? Oh yeah, I’m old enough to remember. As I’m sure you saw, inflation numbers came out red-hot on Thursday, with prices for the month of January rising at an annualized rate of 7.5%, the highest since February 1982. “This is a big shock to me,” says Jian Yang, professor of finance at University of Colorado. “When I hear that this inflation rate is the highest in 40 years, that really causes some concern about a challenge to the U.S. economy.” So I think it’s worth going… 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, February 11, 2022 No rest for inflation weary consumers Alas, the wizard Gandalf could only hold the line for so long. After the government reported consumer prices ran white-hot in January, yields on the 10-year Treasury finally breached the psychologically-key 2% threshold on Thursday, which sent stocks into a fresh tailspin. Perhaps I… Source link

Stock futures dipped Thursday evening to add to earlier losses across the three major indexes, with jitters over a swift tightening of financial conditions increasing on the heels of a multi-decade high print on inflation. Contracts on the S&P 500 fell. The index slid by 1.8% earlier on Thursday and the Nasdaq dropped 2.1%, as technology shares came under pressure while Treasury yields spiked. The benchmark 10-year yield broke above 2% for the first time since August 2019. Stocks sold off and… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Inflationary pressures in the U.S. continued to heat up at the start of the year, data are expected to show, likely putting a Federal Reserve interest-rate increase next month on autopilot. The consumer price index probably jumped 7.3% in January from a year ago, the largest annual advance since early 1982, according to the median projection in a Bloomberg… Source link