Inflation? Oh yeah, I’m old enough to remember. As I’m sure you saw, inflation numbers came out red-hot on Thursday, with prices for the month of January rising at an annualized rate of 7.5%, the highest since February 1982. “This is a big shock to me,” says Jian Yang, professor […]
Inflation
Stocks plunge following red-hot inflation print, Fed policymaker’s remarks
U.S. stocks were deep in the red on Thursday as Wall Street weighed another decades-high inflation print and remarks by St. Louis Federal Reserve President James Bullard that signaled the central bank could intervene more aggressively than anticipated to tighten monetary conditions amid surging prices levels. [Click here to read […]
Stocks extend losses as hot inflation stokes rate concerns
Stocks added to Thursday’s losses as jitters over a swift tightening of financial conditions increased on the heels of a multi-decade high print on inflation. The S&P 500, Dow and Nasdaq fell during a choppy session Friday. The S&P 500 had declined by 1.8% on Thursday and the Nasdaq dropped […]
Economy Week Ahead: Trade, Inflation, Layoffs
Inflation is expected to hit a multidecade high in January as the U.S. economy continues to work through pandemic-related supply and demand imbalances. Photo: Richard B. Levine/Zuma Press By WSJ staff Feb. 6, 2022 3:00 pm ET U.S. inflation data highlight this week’s slate of economic releases. Tuesday The U.S. […]
Stocks turn higher as investors await more earnings results, inflation data
Wall Street’s key benchmarks crept upward Tuesday after U.S. stocks started the week lower in a choppy session wrought by mixed corporate earnings and renewed Federal Reserve worries ahead of a fresh inflation report due out Thursday. After struggling for direction at open, the S&P 500 edged 0.43% higher, while […]
Americans Across Party Lines Are Feeling the Effects of Inflation: Survey | Economy
Nearly 8 in 10 Americans expect inflation to increase over the next six months, according to a Gallup poll released Wednesday, suggesting that an issue predominantly emphasized by Republicans that has loomed large over the Biden administration is perhaps crossing party lines. Although Americans typically predict rising inflation, it’s unusual […]
Ray Dalio warns Fed’s hands are tied and higher U.S. inflation is sticking around. Democracy, maybe not.
As an investor, Ray Dalio eyes the rearview mirror to see what’s ahead. If this paradox makes sense, then you likely agree with the view of history that those who cannot remember the past are condemned to repeat it. Put another way, it’s hard to know where you’re going if […]
Turkey raises minimum wage by 50% to help workers hit by soaring inflation
President Recep Tayyip Erdogan announced a 50 per cent rise in the country’s minimum wage in an effort to protect the Turkish people from soaring inflation just hours after the country’s central bank cut interest rates for the fourth consecutive month. Erdogan, whose ruling party has suffered an erosion of […]
I’m ‘significantly concerned about inflation’
Inflation in the U.K. has hit a 10-year high in the 12 months leading up to November, while last week the Labor Department reported U.S. prices rose at their fastest rate in 39 years for that month. In a wide-ranging new interview taped before the U.K. numbers were released on […]
What the Fed has going for it as inflation surges, tightening looms: Morning Brief
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, December 16, 2021 Bond vigilantes, all but retired Inflation hawks rejoice: the Federal Reserve has officially (and quite dramatically, it should be noted) […]