Powell: time to retire transitory

Christine Lagarde (right), European Central Bank President, and Vice President Luis de Guindos (left) Thomas Lounes | Getty Images News | Getty Images Federal Reserve Chairman Jerome Powell surprised market players earlier this week when he adjusted his tone on inflation. Now, economists in Europe say the European Central Bank needs to do the same. … Read more

Ray Dalio says cash is not a safe place right now despite heightened market volatility

Ray Dalio of Bridgewater Associates has stuck to his belief that cash is not the right place to be despite the volatility in the markets caused by the new Covid omicron variant. “Cash is not a safe investment, it’s not a safe place because it will be taxed because of inflation,” the founder of the … Read more

This is now the world’s most expensive city to live in: EIU

A view of Tel Aviv, with the first skyscraper, Meir Shalom Tower, and newer buildings such as Azrieli Towers and Moshe Aviv Tower in the back. Ilan Chatcham | Getty Images Tel Aviv, Israel, is now the world’s most expensive city to live in, according to a biannual report from the Economist Intelligence Unit. The … Read more

Inflation euro zone November 2021

A sign showing entry only “2G”, which is the German term for people who have been vaccinated against or recovered from the coronavirus. Jens Schluetter | Getty Images News | Getty Images Preliminary data on Tuesday showed that the inflation rate in the euro zone rose to a record high in November, raising more questions … Read more

Biden hosts CEOs to discuss holiday shopping supply chain issues, inflation

US President Joe Biden participates in a roundtable with CEOs and leaders of major retailers, consumer products companies and grocery stores to discuss the holiday shopping season at the EOP Library of the White House in Washington, DC on November 29, 2021. Mandel Ngan | AFP | Getty Images WASHINGTON — President Joe Biden hosted … Read more

Massive inflation to likely push Fed to hike rates 6 times: Federated

The bull in the market has long been tempering its expectations due to inflation. Phil Orlando of Federated Hermes expects the Federal Reserve to raise interest rates six times over the next two years to tame massive price increases from cars to shelter and food. “Our best guess is that we will see quarter-point rate … Read more

The current inflation run is similar to other episodes in history, but with important differences

A customer’s grocery is seen at a store in San Francisco, California, United States, on Thursday, November 11, 2021. David Paul Morris | Bloomberg | Getty Images Critical supply chains are down. Demand is rising. Prices are rising and everyone starts to fear inflation and wonder how long it will last. Is it 1945? 1916? … Read more

Fed meeting minutes show members ready to raise interest rates if inflation continues to run high

Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if rates continued to rise. The Fed’s rate-setting committee on Wednesday released the minutes of the November session where it indicated for the first time that it might return all the economic … Read more

Biden, Americans have to get used to inflation

US President Joe Biden talks about the economy during an event in the Southern Courtroom at the Eisenhower Executive Office Building on November 23, 2021 in Washington, DC. Alex Wong | Getty Images After lying dormant for years, inflation is starting to crash again in US portfolios, and it has become a major concern of … Read more

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Inflation rose strongly in October, accelerating at the fastest pace since the early 1990s, according to the Commerce Department’s measure that federal policy makers follow closely. PCE prices excluding food and energy are up 4.1% from a year ago, with the so-called core reading continuing in January 1991. The Fed prefers this measure because it … Read more