Tag Archives: Inflation

No Federal Reserve officials thought it’d be appropriate to begin cutting rates in 2023, and officials worried that easing in financial conditions could complicate the central bank’s efforts to bring down inflation, according to internal discussions at their policy meeting three weeks ago. Minutes from the central bank’s December policy meeting released Wednesday showed while Fed officials welcomed easing October inflation data, they stressed that it would take substantially more evidence… 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, December 16, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation, it’s all but guaranteeing a punishing… Source link

Hedge fund manager Bill Ackman believes the Federal Reserve’s 2% inflation target is unattainable without severe pain for the U.S. economy. The Pershing Square Capital founder and CEO said in a tweet Wednesday it would take a “deep, job-destroying recession” for inflation to return to that level, which marks the U.S. central bank’s long-term price stability goal. “Even if it gets back to 2%, it won’t remain stable there for the long term,” Ackman said in a tweet Wednesday after… Source link

Inflation slowed again last month, more than expected, as the Federal Reserve raised interest rates at the fastest pace in decades. The Consumer Price Index (CPI) in November showed a 7.1% increase over last year and 0.1% increase over the month, the Bureau of Labor Statistics said Tuesday. Economists had expected prices to rise at an annual 7.3% clip and 0.3% month-over-month, per Bloomberg data. On a “core” basis, which strips out the volatile food and energy components of the report, prices… 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, December 13, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. At this point, Americans and investors have gotten the message: inflation may be moderating, but it’s still high. Economists predict later… Source link

Inflation is expected to have slowed again last month, though price increases facing U.S. consumers remain near 40-year highs — even as the Federal Reserve raises interest rates at the fastest pace in decades. The Bureau of Labor Statistics’ November Consumer Price Index (CPI) is scheduled for release at 8:30 a.m. ET on Tuesday. Economists surveyed by Bloomberg expect headline prices rose 0.3% over the prior month and 7.3% over last year. In October, inflation rose 0.4% over the prior month… Source link

U.S. stocks rallied Monday ahead of a busy week for investors, with key inflation data and the Fed’s last policy meeting of the year on tap over the next two days. The S&P 500 (^GSPC) gained 1.4%, while the Dow Jones Industrial Average (^DJI) increased by 1.5%, or more than 500 points. The technology-heavy Nasdaq Composite (^IXIC) advanced by 1.2%. The rally served as a rebound from stocks’ worst week since September. The S&P 500 dropped 3.4% last week, while the Dow fell 2.8% and the Nasdaq… Source link

U.S. stocks rallied Monday ahead of a busy week for investors, with key inflation data and the Fed’s last policy meeting of the year on tap over the next two days. The S&P 500 (^GSPC) gained 1.4%, while the Dow Jones Industrial Average (^DJI) increased by 1.5%, or more than 500 points. The technology-heavy Nasdaq Composite (^IXIC) advanced by 1.2%. The rally served as a rebound from stocks’ worst week since September. The S&P 500 dropped 3.4% last week, while the Dow fell 2.8% and the Nasdaq… Source link

U.S. stocks rose Monday ahead of a busy week for investors, with key inflation data and the Fed’s last policy meeting of the year serving as highlights. The S&P 500 (^GSPC) rose by 0.5% during midday trading, while the Dow Jones Industrial Average (^DJI) increased by 0.8%. The technology-heavy Nasdaq Composite (^IXIC) advanced by 0.3%. All three major indexes ended with losses during Friday’s trading session, capping the worst week for stocks since September. The S&P 500 dropped 3.4%, while… Source link

Stocks were searching for direction on Friday afternoon, with economic data on inflation and consumer sentiment sending somewhat mixed signals to investors. Near 1:15 p.m. ET on Friday, the S&P 500 and Nasdaq were unchanged, while the Dow was down 0.2%. All three major averages have spent time on both sides of the flatline during Friday’s session as investors look to build on momentum built Thursday after the S&P 500 snapped a five-day losing streak on Thursday. Data on producer prices out… Source link