Category: Inflation
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BlackRock CEO Larry Fink Forecasts $700K Bitcoin Price Amid Inflation Worries
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BlackRock CEO Larry Fink recently predicted that Bitcoin could reach valuations of up to $700,000 per Bitcoin. This forecast arises against the backdrop of growing concerns about currency depreciation and global economic instability, making Bitcoin a hedge against vulnerabilities in traditional financial systems. Fink’s remark was not an outright endorsement,…
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Inflation data likely to show further slowing, partly due to GST break: economists
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Breadcrumb links PMN BMN Business Article writer: Canadian Press Rosa Saba Posted on January 19, 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content Economists expect new data this week to reveal inflation slowed…
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Trump makes the Fed’s challenging inflation fight more complicated
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President-elect Donald Trump gave the Federal Reserve a headache before he even took office. Inflation, part of the Federal Reserve Dual mandate Maintaining price stability with maximum employment remained a challenge throughout 2024, with price increases approaching, but not exceeding, the Fed’s 2% inflation target. Fed officials are becoming more…
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Charting the Global Economy: Inflation Cools in US and UK
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Breadcrumb links BMN Business Inflation measures fell in the US and UK last month, sending bond prices higher after a deep sell-off and boosting bets on interest rate cuts. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on January 18, 2025 • 4 minutes read You can save…
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Unexpectedly low December CPI reading cuts 2024 inflation
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The Israeli CPI fell 0.3% in December, more than expected with analysts expecting a 0.1% decline, after the CPI rose 0.5% in October. In the twelve months of 2024, the inflation rate fell to 3.2%, from 3.4% at the end of November, according to figures released by the Central Statistics…
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Core CPI rises less than forecast as inflation pressures ease slightly in December
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new Data A report released by the Bureau of Labor Statistics on Wednesday showed that the main measure of inflation fell for the first time since July. On a “core” basis, which excludes the more volatile costs of food and gas, the CPI for December rose 0.2% from the previous…
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US Inflation Data to Remain Firm, Feeding Fears of Higher Rates
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Breadcrumb links BMN Business Forecasters expect the monthly report on US consumer prices to show a fifth month of strong increases, strengthening the case for an extended pause in interest rate cuts from the Federal Reserve. Article writer: Bloomberg News Matthew Busler Posted on January 14, 2025 • 3 minutes…
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S&P 500, Nasdaq eye a rebound as stocks rise after PPI inflation data
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US stocks were broadly higher on Tuesday as investors received the first of two major inflation reports this week, which showed prices rising less than expected in December. Also in focus was a report that the incoming Trump administration may gradually raise tariffs to ease inflationary pressures. The S&P 500…
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US Inflation Is Set to Back Fed Pause After Robust Jobs Data
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Breadcrumb Trail Links PMN Business Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling…
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Food inflation poised to jump above 4% as levies and wage rises weigh on retailers
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Food price inflation is expected to rise to more than 4 per cent this year, in a sharp reversal of a recent trend of slowing shop prices, the British Retail Consortium (BRC) has warned. According to forecasts by the lobby group, prices in supermarkets will rise by an average of…
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Wall Street is concerned about an inflation resurgence in 2025
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Inflation was one of the top concerns for the US economy in 2024. Concerns about price stability appear to persist in 2025. “We expect a gradual slowdown from where we are, but to levels that are still uncomfortably high for the Fed,” Matthew Luzetti, chief economist at Deutsche Bank, said…
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Fed’s preferred inflation gauge shows price increases fell in November
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The latest reading of the Fed’s preferred gauge of inflation showed price increases falling month-on-month in November, but remaining steady as the central bank struggles to bring inflation back to its 2% target. data, Released early Friday by the Bureau of Economic Analysis (BEA)This comes after the central bank cut…
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Treasuries Gain as Key Fed Inflation Figures Trail Estimates
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(Bloomberg) — U.S. Treasuries rose off their highs late Friday after a batch of closely watched inflation data came in below expectations, prompting traders to raise expectations of interest rate cuts by the Federal Reserve next year. Most read from Bloomberg The policy-sensitive two-year Treasury yield was at 4.31% late…
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UK inflation rises to 2.6% as interest rate decision looms
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New data from the Office for National Statistics (ONS) has revealed that UK inflation rose to 2.6% in November, exceeding the Bank of England’s forecast of 2.4% and 2.3% recorded in October. The surprise jump marks the second straight monthly increase, pushing the headline figure above the central bank’s target…
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UK Inflation Jumps to Eight-Month High Amid Fears of Stagflation
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Breadcrumb links BMN Business UK inflation rose to an eight-month high in November, raising fears that the economy will enter the new year burdened by so-called “stagflation” – anemic growth and high price rises. Article writer: Bloomberg News Irina Angel and Tom Rees Posted on December 18, 2024 • 2…
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S&P 500, Nasdaq edge lower with rate cuts, inflation data in focus
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President-elect Donald Trump rang the opening bell Thursday morning as technology stocks fell after new inflation data cast doubt on investors’ confidence in the future path of interest rates. The Dow Jones Industrial Average (^DJI) embraced the flat line, while the S&P 500 (^GSPC) fell about 0.2%. The Nasdaq Composite…
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Big tech leads Nasdaq surge as CPI inflation meets the mark
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Consumer price increases met expectations in November – but overall, inflation remains hot. The sticky nature of printing is “a bit concerning,” Paul Ashworth, chief North America economist at Capital Economics, wrote on Wednesday. “But we don’t expect the Fed to be convinced to skip another 25 basis point rate…
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Dow, S&P 500, Nasdaq futures float higher as CPI inflation meets expectations
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U.S. stock futures rose on Wednesday as investors digested another month of sticky inflation data that met economists’ expectations and likely signaled a rate cut from the Federal Reserve next week. Dow Jones Industrial Average futures (YM=F) rose about 0.1% while S&P 500 futures (ES=F) rose about 0.3%. Futures on…
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Dow, S&P 500, Nasdaq fall as investors await key inflation data
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The US economy remains in a strong position, with new data released on Tuesday confirming that strength in the face of rising interest rates. Productivity growth in the third quarter remained unchanged at a healthy 2.2% on a sequential basis, while the year-on-year rate remained unchanged at 2.0%. “Productivity growth,…