IMF urges Fed to speed up policy tightening amid rising inflation risk

Federal Reserve Chairman Jerome Powell testifies during a US House Oversight and Reform Subcommittee hearing on the coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | pool | Reuters The International Monetary Fund said on Friday that the US Federal Reserve should tighten monetary policy at a faster pace in light … Read more

Central banks should hold off tightening

Ann Richards, CEO of Fidelity International, told CNBC that central banks should wait another two months before tightening monetary policy. Richards, who was speaking to CNBC’s Karen Tso in a panel discussion Tuesday at the Paris conference, acknowledged that central banks are in a difficult position when it comes to making monetary policy decisions. She … Read more

Fed’s inflation pivot could be catastrophic for stocks, fund manager says

US Treasury Secretary Janet Yellen (left) and Federal Reserve Chairman Jerome Powell (right) testify during a hearing before the Senate Banking, Housing, and Urban Affairs Committee on Capitol Hill on November 30, 2021 in Washington, DC. Alex Wong | Getty Images Federal Reserve Chairman Jerome Powell’s retirement of the term “temporary” to describe inflation could … Read more

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

Treasury yields rise amid omicron, Fed taper concerns

US Treasury yields rose Wednesday morning, amid investor concerns about the omicron variable and the Fed’s plans likely to scale faster than expected. The yield on the benchmark 10-year Treasury rose 6 basis points to 1.5005% at 4:15 AM ET. The yield on the 30-year Treasury added 5 basis points to 1.8362%. Returns move inversely … 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

Fed Chair Powell says omicron variant poses risk to economy, complicates inflation

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, US, September 28, 2021. Kevin Deitch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and the recent rise in coronavirus … 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

Not since Americans came home from World War II has inflation run through the economy like it is now

Single family condominium homes built by KB Home under construction in the Valley Center community, California, United States are on display on June 3, 2021. Mike Blake | Reuters Not since Americans came home from World War II has inflation creeped into the American economy like it does now, and it could continue to do … Read more