Not even September’s stubbornly high CPI report could change Jeremy Siegel’s view that the Fed needs to stop hiking interest rates.Siegel told CNBC on Thursday that the Fed’s focus on lagging indicators is setting the economy up for disaster.”If the Fed waits for the core to get down to 2% year-over-year, it will drive the… Continue reading Wharton professor Jeremy Siegel warns the Fed will drive the economy into a depression if they wait for core inflation to fall back to 2%
The Fed will be more aggressive with rate hikes into early 2023 after September’s inflation shock, Barclays says
Barclays said Thursday it now expects “more aggressive, front-loaded hikes by the Fed” after September’s CPI. It projects the Fed to raise rates by 75 basis points in December and by 50 basis points in February 2023. It also sees the central bank starting to cut rates later next year. Loading Something is loading. Thanks… Continue reading The Fed will be more aggressive with rate hikes into early 2023 after September’s inflation shock, Barclays says
The Fed will keep issuing 75-basis-point hikes until ‘something cracks’ in the data, former PIMCO chief economist says
The Fed will likely keep hiking rates by 75 basis points until “something cracks” in the economic data, Paul McCulley warned. He pointed to the Fed’s watchfulness on the labor market and inflation, suggesting there could be a prolonged tightening cycle ahead. But a “crack” could first hit markets before it hits the real economy,… Continue reading The Fed will keep issuing 75-basis-point hikes until ‘something cracks’ in the data, former PIMCO chief economist says
Social Security Administration Boosts 2022 COLA Payment By 8.7% As Inflation Pressures Surge
The U.S. Social Security Administration lifted its cost-of-living adjustment for 2023 by 8.7%, the most in more than four decades, as inflation continues to surge in the world’s biggest economy. The U.S. Social Security Administration lifted its cost-of-living adjustment for 2022 by the most in more than four decades Thursday as inflation continues to boost… Continue reading Social Security Administration Boosts 2022 COLA Payment By 8.7% As Inflation Pressures Surge
Canadian pensions join stampede out of Chinese stocks amid prolonged rout, delisting threat
Skip to content The Canada Pension Plan Investment Board sold all its U.S.-listed shares in Chinese tech giant Alibaba this summer, part of a multibillion-dollar sell-off of public assets headquartered in the country. It’s one of several major Canadian pension funds, including the British Columbia Investment Management Corporation (BCI) and the Caisse de Dépôt et… Continue reading Canadian pensions join stampede out of Chinese stocks amid prolonged rout, delisting threat
Jamie Dimon’s S&P 500 bear market: Brutal, but far from unimaginable
Don’t be surprised if the S&P 500 loses another one-fifth of its value Author of the article: Bloomberg News Lu Wang and Peyton Forte JPMorgan Chase and Co. chief executive Jamie Dimon. Photo by Evelyn Hockstein/Reuters files Jamie Dimon says don’t be surprised if the S&P 500 loses another one-fifth of its value. While such… Continue reading Jamie Dimon’s S&P 500 bear market: Brutal, but far from unimaginable
Cash may be king, but cash flow rules in times of volatility
Cash-flow-producing assets can be one of the most powerful tools available for boosting investor returns in the long run Traders work during the opening bell at the New York Stock Exchange on Wall Street in New York City. Photo by ANGELA WEISS/AFP via Getty Images files As the capital markets continue their downward slide, many… Continue reading Cash may be king, but cash flow rules in times of volatility
Stock Market Today: Stocks Finish Lower After Inflation Data, Fed Minutes
Wednesday’s choppy trading ended with a loss for stocks. Modest declines for the Nasdaq Composite (-0.1% at 10,417) and the S&P 500 Index (-0.3% at 3,577) had the two indexes extending their losing streaks to six days, while the Dow Jones Industrial Average shed 0.1% to 29,210. In focus today was September’s producer price index… Continue reading Stock Market Today: Stocks Finish Lower After Inflation Data, Fed Minutes
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