Tag Archives: Inflation

Inflation is back, and consumers have noticed. Consumer prices in April rose by the most in 12 years, as product shortages conspired with strong demand by consumers emerging from the coronavirus pandemic. Annual inflation is now 4.2%, a pace economists expect to persist and maybe rise further during the next few months. Household budgets are suffering. In a new Yahoo Finance-Harris poll, 53% of respondents say their household income is failing to keep up with inflation. Fifteen percent say… Source link

Federal Reserve officials are reiterating that single data points will not sway the central bank’s patience on its easy money policies. Inflation data on Wednesday morning showed consumer prices increasing at the fastest rates in over 10 years. But Fed Vice Chairman Richard Clarida said later in the morning that he was “surprised” by the reading but unmoved from a policy perspective. “This is one data point, as was the labor market report,” Clarida said, referencing the Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

Bloomberg ‘A Preventable Mess’: How Dementia Takes Toll on Aging Lawyers (Bloomberg) — Robert Fritzshall had to be pushing 80, Bethany McLean thought, so she was a little surprised to hear him talk about expanding his law practice.His office was a bit dusty and cluttered with papers. There were files on the floor. She was concerned that he didn’t see the need to carry malpractice insurance. But she doesn’t remember anything being a red flag.“He was charismatic, enthusiastic,” she… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

For the first time in a long time, concerns about inflation are intensifying as the economy strengthens. Even rate changes could be on the table as former Federal Reserve chair and current Treasury Secretary Janet Yellen said that interest rates might need to rise. As Bank of America pointed out in a recent research note, mentions of inflation on earnings calls are up 800% year over year. Higher prices of raw materials is pushing up the cost of food at the grocery store too. This level of… Source link

Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson, ETF Trends CEO Tom Lydon spoke to what investors should be expecting in the coming months. As Lydon explains, some major shifts are occurring. In the last year, areas like value stocks have started performing quite well. There are some big ETFs to consider, such as the iShares US Small Cap Value Factor ETF (SVAL), which is up 30% year-to-date and showing just how real this trend is. Considering the fundamentals… Source link

The New York Times A Psychedelic Drug Passes a Big Test for PTSD Treatment In an important step toward medical approval, MDMA, the illegal drug popularly known as ecstasy or molly, was shown to bring relief to those suffering from severe post-traumatic stress disorder when paired with talk therapy. Of the 90 people who took part in the new study, which is expected to be published later this month in Nature Medicine, those who received MDMA during therapy experienced a significantly greater… Source link

(Bloomberg) — U.S. equity futures climbed and stocks in Asia dropped Monday as investors assessed inflation risks amid improving economic activity. The dollar held onto gains. Hong Kong led losses amid low volumes with Japan and China, as well as the U.K., among markets closed for holidays. U.S. and European futures edged higher after the S&P 500 dropped from a record Friday, amid data pointing to price pressures and talk of a possible pullback in central bank support. Still, the U.S. gauge… Source link

Bloomberg There’s Plenty Worrying Investors as Europe’s Stocks Hit Records (Bloomberg) — European equities are at records, vaccination rates are picking up and central banks are funneling trillions of dollars into the economy. But there is still plenty that could go wrong, with a resurgent coronavirus outbreak, another missed summer holiday season and elections keeping investors up at night.While the pandemic turned 2020 into a stock market roller-coaster, 2021 has begun on a more… Source link