Tag Archives: transitory

Warren Buffett says these are the best stocks to own when inflation spikes — with high prices no longer ‘transitory,’ it might be time to follow his lead After months of rising prices, the Fed’s claim that high inflation rates would be “transitory” is looking a bit transitory itself. “It’s probably a good time to retire that word and try to explain more clearly what we mean,” Fed Chairman Jerome Powell said Tuesday. “I think the risk of higher inflation has increased.” A… Source link

The nation’s economic steward said it will back off of using the word “transitory” to describe the fast pace of price increases, as Federal Reserve policymakers acknowledge the increasing risk of more persistent inflation. “We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly… Source link

Americans are feeling the impact of rising prices, and the companies leveraging price increases appear to be at odds over how long the inflationary pressures will last. The Bureau of Labor Statistics reported on Nov. 10 that prices in October soared 6.2% year-over-year, the fastest annual rise in the Consumer Price Index since 1990. Some of those inflationary pressures are coming from higher prices of oil, but the breadth of price increases across different types of expenditure categories… 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

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 Thursday, August 12, 2021 But other signs emerge of inflation sticking around In a July press conference, Federal Reserve Chair Jerome Powell was asked to define this summer’s biggest buzzword in markets: transitory.  “The concept of transitory is really this: It is that the increases will happen,” Powell said. “We’re not saying they will reverse…. Source link