Tag Archives: Inflation

Federal Reserve Chairman Jerome Powell on Friday said the central bank’s job on lowering inflation is not done, suggesting that the Fed will continue to aggressively raise interest rates to cool the economy. “We will keep at it until we are confident the job is done,” Powell said in remarks delivered at the Fed’s annual conference in Jackson Hole, Wyoming. “While the lower inflation readings for July are welcome, a single month’s improvement falls far short of what the Committee… Source link

During a recent episode of “Influencers with Andy Serwer,” civil rights activist and former ambassador to the United Nations Andrew Young praised the passage of the Inflation Reduction Act. “It’s taken us a long time,” Young told Yahoo Finance. “But Joe Biden got a bill passed last night, but we’ve been moving in this direction for a long time.” The Inflation Reduction Act, which President Biden signed into law last week, invests roughly $375 billion into fighting climate change over… Source link

Clean energy related stocks have been the clear winners of the Inflation Reduction Act (IRA). Solar panel makers, fuel cell manufacturers and energy storage companies all stand to benefit from the measure. Solar and wind energy stocks have been rallying since the bill was announced in late July. A large number of these equities are up double digit percentages year-to-date. They have far outperformed the broader markets. The IRA focuses on providing production tax credits for companies to… Source link

The Biden administration expects to implement the first phase of a price cap on Russian oil exports this fall in coordination with the G7, with sights set on bringing additional Asian partners on board in the winter. “We’re trying to prevent a spike in global energy prices by avoiding a situation where Russia production just shuts down, and you see a subsequent spike in the price,” Assistant Treasury Secretary for Economic Policy, Ben Harris, told Yahoo Finance. The U.S. has been in… Source link

A majority of Canadians are cutting back on spending due to inflation, including on groceries. (Photo by Zou Zheng/Xinhua via Getty Images) Canadians are cutting back on groceries and entertainment as red-hot inflation continues to put pressure on household budgets, a new Yahoo/Maru Public Opinion poll has found. The survey of 1,517 Canadians found that 60 per cent of respondents set stricter priorities and reduced spending due to higher prices in July than they did in June. Among those that… Source link

Lawmakers are racing toward the August recess, as President Biden prepares to sign a bill Tuesday that invests nearly $52 billion into the semiconductor chip manufacturing sector. Meanwhile, the House is expected to vote this week on a roughly $430 billion spending package aimed to improve health care, address climate change, and make corporations pay their fair share of taxes. The Senate approved the measure over the weekend. We’re also slated to see new inflation data on Wednesday, as U.S…. Source link

U.S. stocks opened higher Monday as investors approached the final stretch of earnings season and braced for a busy week of inflation data. The S&P 500 climbed 0.5% after the benchmark index logged three straight weeks of gains despite modest losses on Friday. The Dow Jones Industrial Average added 180 points, or 0.6%, and the tech-heavy Nasdaq Composite advanced 0.3%. The moves come after stocks finished mixed in Friday’s session after a blowout employment report showed the U.S. economy added… Source link

Commercial real estate is down and hybrid work is a big reason why, according to one real estate executive. According to data from MSCI, commercial real estate transactions fell 22% in the second quarter from a year ago. And while inflation and an economic recession are both weighing heavily on the minds of real estate investors and “creating some hesitation,” Marcus and Millichap CEO Hessam Nadji said that it’s “not really a long-term concern.” “The bigger concern is this hybrid work… Source link

Here are 3 top dividend stocks for stable cash return and inflation protection — one of them even offers an incredible 13.3% yield When high-flying growth stocks made all of the headlines last year, dividend stocks often got ignored. But the Nasdaq remains down 20% in 2022, and many of those former hot stocks haven’t bounced back. In volatile times like these, a steady and increasing stream of dividends can help risk-averse investors sleep better at night. Healthy dividend stocks have the… Source link

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis. A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the average household $1,800 per year on energy bills. “It is a market-tilting level of investment,” Ari Matusiak, the group’s… Source link