Tag Archives: Inflation

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, November 17, 2021 Resilient demand, spending mean persistent inflation First, with the accumulation of so many dour headlines about the economy, credit should be given where it’s due. Tuesday’s news cycle saw Walmart (WMT) torch Wall Street’s third quarter earnings estimates as penny-counting shoppers flocked to the discount retail… Source link

The White House has made a pivot in recent weeks to frame the president’s current economic agenda as one that won’t exacerbate inflation and might even help ease the ongoing price pressures. Experts tend to back them up, noting that the just-signed infrastructure bill and the still-being-negotiated Build Back Better Act, Biden’s social policy legislation, are largely paid for and would not be expected to infuse a huge amount of money into the economy quickly. But that isn’t exactly true… 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 Monday, November 15, 2021 Full disclosure: I have never bought a turkey for Thanksgiving before.  Hang with me here because it’s not as weird as it sounds.  For the past 15 years I haven’t really had any Thanksgivings (don’t pity me, I bring this stuff on myself). Most of the time I was out in stores on Thanksgiving day either channel-checking… Source link

Warren Buffett saw inflation coming early on — 8 tips to help you come out ahead Rising prices and uncertainty about how long they’ll last are putting Americans in a bad mood. Inflation was significantly worse than expected in October, with consumer prices soaring 6.2% from a year ago. That inflation rate was the steepest in more than 30 years, with energy, housing, food and cars leading the way. When prices began accelerating earlier this year, some experts, including the “Oracle of… Source link

Three months ago, President Biden assured his fellow Americans that a surge in inflation was “temporary.” The Federal Reserve largely concurred. Now, Biden and the Fed either have to redefine “temporary” or come up with a different narrative. Overall inflation hit 6.2% in October, the highest level of price hikes in 31 years. More concerning than the topline number are new indications that rising prices are becoming a permanent feature of the economy instead of a fleeting anomaly…. Source link

Stock futures opened slightly lower Tuesday evening to hold below record levels, with investors fixing their attention on a key inflation report due for release Wednesday morning.   Contracts on the S&P 500 ticked down, after the index closed out its first session of losses following eight straight days of gains. The Dow and Nasdaq had each also ended the session lower to pause after a record-setting run-up.  One of the most closely watched reports due for release Wednesday morning will be… 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 Tuesday, November 9, 2021 Investors are more worried about inflation than the Fed seems to be Amid the market’s debate over whether inflation will prove transitory or permanent, closely tracked indicators, such as bond yields, are sending us mixed signals about the future. That in part is because the real economy is also fighting through… Source link

For more business and finance explainers, check out our Yahoo U page. Everyone is using the t-word in describing the high inflation of the COVID-19 recovery period: transitory. Politicians are using it, academics are debating it, and companies are referencing it. The term has been most heavily used by the Federal Reserve, the economic steward that has tried to reassure Americans that the rapid pace of price increases will moderate in time. The question is: How long will it take? “The t-word, I… Source link

Better grab those Oreos while you still can, and while they’re still relatively cheap. With global supply chains ensnared by bottlenecks, Mondelez International (MDLZ) expects next year to be nearly as bad as the current one. The snack giant’s CFO addressed the labor and truck shortages mentioned in Mondelez’s third-quarter earnings results — and came around to a dispiriting conclusion.  Although some economists had predicted shipping bottleneck relief could arrive by year’s end, “quite… Source link

Warren Buffett says this is the best type of business to own when inflation spikes — in other words, what you should buy right now High inflation rates in the country have become a serious concern on Wall Street. But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating such an environment. Buffett managed a stock portfolio through periods of double-digit inflation rates in the 1970s and has plenty of advice on what to own when… Source link