Following the U.S. Fed’s biggest rate hike since 1994 on Wednesday, which brought oil prices down 1%, central banks across Europe on Thursday raised interest rates by record amounts in an effort to rein in inflation as energy prices soar. The biggest shocks came from the Swiss National Bank and the National Bank of Hungary. …
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June 13 (Reuters) – U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday – the so-called curve inversion that often heralds economic recession – on expectations interest rates may rise faster and further than anticipated. Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to …
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U.S. stocks closed sharply lower on Monday, with the S&P 500 entering a bear market and Dow industrials tumbling almost 900 points, as financial markets continued to reel from a surprise acceleration in inflation just days ahead of a Federal Reserve interest-rate decision. The Dow Jones Industrial Average DJIA, -2.79% finished down 876.05 points, or …
US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. NB: Observe in the above chart hpw the …
Continue reading “US Inflation Quickens to 40-Year High, Pressuring Fed and Biden”
Why do smart people like being alone? There are several reasons why highly intelligent people prefer to be alone. Based on their habits, personality traits, and characteristics, it seems as though some individuals were born to be alone. In fact, studies suggest that the happier you are with less social interaction, the higher your IQ …
Continue reading “US Inflation Quickens to 40-Year High, Pressuring Fed and Biden”
The Labor Department’s latest summary of the Consumer Price Index, released on Friday, shows that price increases accelerated again during May, with the “all items index” increasing 8.6% from one year ago, and a 1% increase month-over-month. That follows a one-month reprieve in April, when the CPI numbers were up 8.3%, giving some people hope …
Continue reading “Inflation has PEEKED big bounce in STOCK markets coming”
NEW YORK, June 10 (Reuters) – The dollar climbed to a near four-week high against a basket of currencies on Friday, after data showed U.S. consumer prices accelerated in May, strengthening expectations the Federal Reserve may have to continue with interest rate hikes through September to combat inflation. In the 12 months through May, the …
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Major stock markets in the United States plunged at the closing session on Friday, ending the week’s trading in the red territory after recording steep losses throughout the session. Inflation in the US has reached a four-decade record-high, while the report on the consumer sentiment index revealed a decrease of 41.3% year-over-year. Meanwhile, the country’s …
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Consumer Sentiment Index in the United States decreased 14% on a monthly basis to 50.2 points in June, landing at a record low, according to a preliminary report published by the University of Michigan on Friday. The index plummeted 41.3% year-over-year. The Current Economic Conditions Index fell by 12.5% month-on-month and nosedived 37.5% compared to …
Continue reading “US consumer confidence at record low in June”
U.S. stock-index futures extended a fall Friday after an eagerly awaited inflation reading came in much hotter than expected, indicating the Federal Reserve will need to keep pressing hard on the brakes to get surging price pressures under control. S&P 500 futures ES00, -1.65% fell 1.5% to 3,957. Dow Jones Industrial Average futures YM00, -1.45% …
Continue reading “Dow futures drop 600 points after hotter-than-expected 8.6% May CPI jump”