Tag Archives: Inflation

August 28, 2020. Piracicaba, SP, Brazil. Preparations to fly a hot air balloon at sunrise. Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true. Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has… Source link

Inflation has hit the highest level since 2008, when gas prices exceeded $4 per gallon. Overall prices are up 4.9% during the last 12 months, with the biggest jumps in pandemic-affected parts of the economy. A shortage of semiconductors needed for new cars has pushed used-car prices up 30%. Transportation costs, driven by rising airfares, are up 20%, with volatile gas prices up 56%. Surging demand for real estate has pushed home prices up 13%, with many buyers shut out completely. Consumers… Source link

Stock futures were mixed Tuesday morning investors considered a spate of new economic data, including a weaker-than-expected print on consumer spending during the recovery.  Contracts on the S&P 500 and Nasdaq rose, while contracts the Dow fluctuated between gains and losses. Investors considered another batch of key economic data out Tuesday morning, offering looks at both the strength of the consumer and extent of price increases across the supply chain.  The Commerce Department’s May… 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, June 14, 2021 This is not the 1970s. Readers already know: Inflation is running hot.  But Wall Street strategists still remain largely unbothered by the recent acceleration in prices. And financial markets — at least for the moment — agree.  As Yahoo Finance’s Brian Cheung noted last week, yields on longer-dated U.S. Treasuries fell to… Source link

Stock futures traded little changed Thursday evening as investors looked beyond a hotter-than-expected report on inflation.  Contracts on the S&P 500 hugged the flat line after the index set a new record high during the regular trading day. During the trading day, the health care, real estate and information technology sectors outperformed, while the cyclical financials and industrials sectors lagged. The 10-year yield erased earlier gains to come back below 1.5%.  The Bureau of Labor… Source link

Regarding looming inflation risks and their resulting Treasury yield rates, Wall Street veteran and co-founder of DataTrek Research Nicholas Colas stated that he has “never seen a stronger consensus” surrounding any macroeconomic issue in his career. “Fed money printing plus fiscal stimulus/debt issuance plus economic reopening is supposed to equal high and likely lasting inflation,” Colas said. “The 10-year Treasury will go to at least 2 percent and maybe 3 percent or… Source link

Stock futures opened slightly higher Wednesday evening as traders looked ahead to a key print on consumer price changes, which will help elucidate the path forward for monetary policymakers during the recovery coming out of the pandemic.  Contracts on the S&P 500 rose slightly. During the regular session, the index came within 1 point of its recent all-time high, but ultimately failed to set a new record. Dow and Nasdaq futures were also higher in the after-hours session.  Shares of GameStop… Source link

Stock futures opened near the flat line Monday evening after a meandering session during the regular trading day. Contracts on the S&P 500 ticked up. Earlier, the index ended just a tick below the flatline and was less than half a percent below its all-time high. The Dow also ended lower, while the Nasdaq pushed into positive territory. Investors this week have been digesting signals from officials over the path forward for monetary and fiscal policies, and what these might suggest for… Source link

Stocks struggled for direction Monday morning as investors weighed the prospects of higher inflation and rates in the U.S. against Friday’s solid print on the U.S. labor market recovery.  The Dow turned slightly lower, while the Nasdaq pushed into positive territory. The S&P 500 was little changed, and the index hovered just below its record high.  On Sunday, U.S. Treasury Secretary Janet Yellen suggested higher interest rates “would actually be a plus for society’s point of view and the… Source link

On Thursday, President Joe Biden traveled to Ohio to make the case that the economy is headed in the right direction. “We’ve turned the tide,” he told the crowd in Cleveland. Shortly afterward, during an appearance on Yahoo Finance Live, one of his top economic advisers acknowledged that in areas like inflation and in the labor market, “there’s going to be some bumps in the road” as the economy continues to right itself following the pandemic. However, National Economic Council… Source link