Tag Archives: Inflation

Stocks rose Wednesday as investors eyed a new report on inflation, which showed another decades-high rate of price increases across the recovering economy. Still, this came a day following remarks from Federal Reserve Chair Jerome Powell reasserting that the central bank would step in as needed to rein in rising prices.   The Bureau of Labor Statistics’ December Consumer Price Index (CPI) showed prices rose at a 7.0% year-over-year rate at the end of 2021, marking the fastest increase since… Source link

Inflation has become one of the top economic issues in the U.S., and the Biden administration is acting accordingly with various policy actions. U.S. consumer prices rose 0.5% in December and 7.0% on a year-over-year basis, according to the Bureau of Labor Statistics. It’s the fastest rate since 1982.  Two of the biggest drivers of price spikes over 2021 have been in food and energy which is likely the reason the White House has focused on both of those sectors both for inflation as well as… Source link

Wall Street’s rate-hike jitters have wreaked havoc on high-growth tech stocks — and Cathie Wood’s Ark ETFs were front and center for the damage yet again. Still, Wood dismissed concerns over inflationary pressures, reaffirming an earlier assertion that deflation remains the focus for her firm during a webcast on Tuesday. The Ark Invest CEO also said that price increases were likely to ease as supply chain issues resolve. Wood’s remarks come amid Federal Reserve Chair Jerome Powell’s… Source link

Alphabet-owned Google is planning to give hefty raises and stock awards to four of its top executives — just weeks after the tech giant informed employees they should not expect to receive inflation-based pay raises. The four executives — Google CFO Ruth Porat, senior vice president Prabhakar Raghavan, chief business officer Philipp Schindler and chief legal officer Kent Walker — will receive base salaries of $1 million in 2022, up from $650,000, according… Source link

The days of sub 2% inflation — as measured by the Consumer Price Index (CPI) — look over for quite some time, thinks DoubleLine’s co-chief investment officer Jeff Sherman. Sherman assigns the blame to the ongoing COVID-19 pandemic, and in part the extremely easy monetary policy employed by the Federal Reserve to gin up the economy throughout the health crisis.  “I don’t think we are going back to the old school one and a half to 2% inflation because it’s permeated the psyche for a period… Source link

With the Fed slated to begin its rate hike campaign next year, inflation concerns remain at the top of investors’ minds as a turbulent 2021 comes to a close. According to Gus Faucher, chief economist at PNC Financial Services Group (PNC), there are several key areas that may see reduced price pressures, leading to slowing inflation overall in the coming year. “I do think that we’ll see a gradual slowing in inflation over the course of 2022,” Faucher told Yahoo Finance Live. “After a… Source link

Supply chain backlogs and inflationary pressures have taken a toll on consumer-facing brands throughout 2021, but one specialty chocolate company has defied the trend.  Jeff Stoeckel, the CEO of Connecticut-based Bridgewater Chocolate, told Yahoo Finance the company is able to avoid the disruption thanks to its niche focus, loyal customers and planning in advance.  Supply chain strains spurred the creation, orders and delivery process to be in a “condensed timeline,” he added. “We started… Source link

Inflation in the U.K. has hit a 10-year high in the 12 months leading up to November, while last week the Labor Department reported U.S. prices rose at their fastest rate in 39 years for that month. In a wide-ranging new interview taped before the U.K. numbers were released on Wednesday, billionaire hedge fund manager Ray Dalio raised concerns about the effects of inflation on the bond market. That market has been a volatile one in recent months, as bond prices typically fall during… 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 Wednesday, December 15, 2021 ‘Spider-Man’ and a high-class inflation problem Donning my Captain Obvious hat, I’ll connect a few dots that by now are fairly apparent: inflation remains implacable in the face of rising COVID-19 infections. That is likely to make the Federal Reserve announce that it’s slowing the spigot of monetary policy,… Source link

How fast does the Federal Reserve want to move on drawing down its pandemic-era stimulus? That’s the question that Fed officials will have to answer in its two-day meeting kicking off Tuesday, where the major discussion will focus on the pace of the central bank’s wind down of its asset purchase program. With inflationary pressures continuing to rise, Fed watchers expect the policy-setting Federal Open Market Committee (FOMC) to lean into a speedier timeline. On Friday, the Consumer Price… Source link