The Fed’s preferred inflation gauge just moved in the wrong direction: Inflation remained stubbornly high last month.
cnn.com/2024/04/26/economy/pce-inflation-spending-march/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?
usatoday.com/story/money/2024/04/25/gdp-report-first-quarter/73437532007/
Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
What's behind the unstoppable American consumer: The drivers of such robust spending — and how long they can last — are key to what's ahead for the ...
axios.com/2024/04/26/american-consumer-spending-resilience-economy
Raising a child in the US is getting even more expensive: The cost of raising a child in the U.S. has gotten exponentially more expensive, averaging about $21 ...
foxbusiness.com/economy/raising-child-us-is-getting-even-more-expensive
US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet Expectations: A selloff in US Treasuries paused on Friday, bringing yields down from their ...
bloomberg.com/news/articles/2024-04-26/treasury-yields-fall-after-pce-inflation-data-meet-expectations
Despite a stubbornly high inflation, the figures showed a healthy 2.5% year-on-year rise in US consumer spending in the last quarter ... Show more
BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
US monthly inflation rose moderately in March according to the report from the Commerce Department which also showed that strong consumer spending last month ... Show more
Singapore’s private home price growth slows to 1.4% amid lower sales: In the first quarter of 2024, the total stock of unsold new homes rose to 20,204 units.
straitstimes.com/business/singapore-s-private-home-price-growth-slows-to-14-amid-lower-sales
Russia Holds Rates With Little Inflation Relief in Sight: Russia kept interest rates unchanged on Friday, as inflation risks from a persistently tight labor ...
bloomberg.com/news/articles/2024-04-26/russia-extends-rate-pause-with-little-inflation-relief-in-sight
What to Do With Bonds When Inflation Won’t Die: Readers weigh in, and our columnist responds, on how to invest for income in this market
wsj.com/finance/investing/how-not-invest-bond-market-part-two-cd4e6697
Q1 GDP Report: Don't Use Yesterday's News To Predict Tomorrow's Inflation: Despite the first-quarter GDP anomaly, the long-term trend suggests a soft landing ...
seekingalpha.com/article/4686661-q1-gdp-report-dont-use-yesterdays-news-to-predict-tomorrows-inflation
Paid articlePaid
Walmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers
abcnews.go.com/Business/walmart-us-ceo-talks-inflation-checkout-paying-figures/story
Consumers Splurge On Services, Fixed Investment Surges, Imports Drag On GDP And There's A Blip In Government Spending
seekingalpha.com/article/4686640-consumers-splurge-on-services-fixed-investment-surges-imports-drag-on-gdp-and-theres-a-blip-in-government-spending
Paid articlePaid Wall Street Breakfast: Big Tech Stunner: This article discusses strong AI-driven earnings of Big Tech firms Alphabet and Microsoft, the upcoming PCE index report ...
seekingalpha.com/article/4686582-wall-street-breakfast-big-tech-stunner
If I Had To Retire With Only 5 Stocks, It Would Be These: Buffett once encouraged investors to only make a few high-quality investment decisions ...
seekingalpha.com/article/4686001-if-had-to-retire-with-5-stocks
Paid articlePaid
Top Jobs: Beaumont Hospital, Bauer Media, Trinity College: In a new weekly update for Business Post subscribers every Friday our business editor Lorcan Allen ...
businesspost.ie/news/top-jobs-beaumont-hospital-bauer-media-trinity-college/
Paid articlePaid
Weakening yen affects Japanese economy: The yen continues to weaken against the dollar, falling to the 156-yen level on Friday, the lowest in nearly 34 years ...
www3.nhk.or.jp/nhkworld/en/news/backstories/3293/
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
It’s a question of jobs, stupid! : It’s a question of jobs, stupid!
deccanherald.com/opinion/it-s-a-question-of-jobs-stupid-2995363
As US economy slows and inflation flares up, Matt Miskin of John Hancock Investment Management explains why bonds might be a better bet in the current market ... Show more
Imports hold back US economy in first quarter, inflation flares up | Reuters
Imports hold back US economy in first quarter, inflation flares up | Reuters
Madison Moderate Allocation Fund Q1 2024 Investment Strategy Letter: The U.S. stock market held the course set by the explosive rally to end 2023 over the first ...
seekingalpha.com/article/4686051-madison-moderate-allocation-fund-q1-2024-investment-strategy-letter
Unilever says Lifebuoy and Lux impacted by cost inflation in India: The global consumer major also saw negative price impacts on its fabric cleaning business
business-standard.com/companies/news/unilever-says-lifebuoy-and-lux-impacted-by-cost-inflation-in-india-124042501103_1.html
AI? Inflation? Profit From What Everyone Talks About: I advocate for a portfolio that generates income through dividends and interest. Check out two funds that ...
seekingalpha.com/article/4685652-ai-inflation-profit-from-what-everyone-talks-about
Paid articlePaid Artisan Global Value Fund Q1 2024 Commentary: The MSCI World Index’s 10-year compound annual return is 9%; this quarter it gained 9%.
seekingalpha.com/article/4686046-artisan-global-value-fund-q1-2024-commentary
Nikkei leads Asian gains following Wall Street rally: Asian shares rose on Wednesday, led by an 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a ...
japantoday.com/category/business/nikkei-leads-asian-gains-following-wall-street-rally
What’s the Difference Between the CPI and PCE Indexes?: Inflation is top of mind for investors, but there’s more than one way to measure consumer prices.
morningstar.com/markets/whats-difference-between-cpi-pce
High noon for tense pay rise talks in SA’s struggling steel industry: The second round of talks is scheduled for Wednesday, 24 April, at the bargaining council ...
dailymaverick.co.za/article/2024-04-23-high-noon-for-tense-pay-rise-talks-in-sas-struggling-steel-industry/
Business confidence rose above its pre-pandemic average for the first time in two years, a new survey shows, but levels of investment remained subdued in a ... Show more
Business confidence surges but recovery remains 'brittle'
Business confidence surges but recovery remains 'brittle'
Could interest rate hikes be keeping inflation high?: The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates ...
thehill.com/business/4612114-could-interest-rate-hikes-be-keeping-inflation-high/
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Now Could Be Time for Private Investors to Make Their Mark: The venture capital crunch may be easing, but it isn't over yet. That means there could be direct ...
kiplinger.com/investing/private-investors-could-make-their-mark-now
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750
Wall Street traders keep underestimating America’s economic strength: It's the exact opposite of what happened in the 2010s
axios.com/2024/04/14/stock-market-bonds-interest-rates-us-economy
Retail sales show zero growth despite 'fresh two-year high' for consumer confidence
news.sky.com/story/retail-sales-show-zero-growth-despite-fresh-two-year-high-for-consumer-confidence-13118307
Coping with higher prices on smaller portions and chicken nuggets: The past few years have been tough financially for many of us, and it’s potentially changing ...
smh.com.au/business/the-economy/coping-with-higher-prices-on-smaller-portions-and-chicken-nuggets-20240411-p5fj5t.html
How Trump’s tariff plans could kill jobs and worsen inflation: Tariff Man could be back in the White House next year – and he’s promising the sequel will be even ...
cnn.com/2024/04/11/economy/trump-tariffs-trade-jobs-inflation/
I saved $1,700 eating leftover food from NYC's top restaurants — here's the gourmet haul I got for mere dollars
nypost.com/2024/04/12/lifestyle/i-saved-1700-eating-leftover-food-from-nycs-top-restaurants-what-i-got/
March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.
axios.com/2024/04/10/march-cpi-food-inflation
Zimbabwe's new ZiG currency starts trading, credibility doubts linger: Zimbabwe's new gold-backed currency started trading on Monday amid doubts that the ...
timeslive.co.za/news/africa/2024-04-09-zimbabwes-new-zig-currency-starts-trading-credibility-doubts-linger/
U.S. consumer sentiment falls slightly as outlook for inflation worsens: Consumer sentiment about the U.S. economy has ticked down but remains near a recent high ...
nbcnews.com/business/economy/us-consumer-sentiment-falls-slightly-outlook-inflation-worsens-rcna147638
Wall Street’s main indexes plunged on Friday due to higher-than-expected inflation and jobs data, leading investors to revise their expectations for interest ... Show more
Wall St ends sharply lower on mixed earnings, sticky inflation, geopolitical fears | Reuters
Wall St ends sharply lower on mixed earnings, sticky inflation, geopolitical fears | Reuters
Ben Bernanke’s brutal verdict on the Bank of England: Former Fed chair highlights shortcomings in modelling but does not call for policymakers to publish own ...
ft.com/content/e851c792-3c05-4f9b-a4b8-85c92afdd9ef
Quick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
Stocks on Wall Street got a boost after fresh economic data rekindled hopes that inflation remains in a downward trend. The Dow remained steady ... Show more
S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings | Reuters
S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings | Reuters
Fed’s Mary Daly Sees No Urgency to Adjust Interest Rates: Federal Reserve Bank of San Francisco President Mary Daly said there is absolutely no urgency to adjust ...
bloomberg.com/news/articles/2024-04-12/fed-s-daly-says-there-s-absolutely-no-urgency-to-adjust-rates
Paid articlePaid
Only 6 altcoins in the top 50 have outperformed Bitcoin this year: Only six altcoins of the top 50 largest tokens by market cap; Dogecoin, Shiba Inu, Stacks, BNB ...
cointelegraph.com/news/only-six-altcoins-outperform-bitcoin-this-year
Govt to roll out direct transfer scheme for onion farmers: Sources said from the current year, federations keeping onion in their storage facilities for buffer
financialexpress.com/policy/economy-govt-to-roll-out-direct-transfer-scheme-for-onion-farmers-3454305/
Pimco Sees Fed Raising Rates Again If US Inflation Reignites: Pacific Investment Management Co. warned that the Federal Reserve could pivot back toward interest ...
bloomberg.com/news/articles/2024-04-12/pimco-sees-additional-fed-rate-hike-if-us-inflation-moves-higher
Fed's Goolsbee keeps policy focus on PCE after high consumer price readings: Chicago Federal Reserve President Austan Goolsbee said on Friday continued high ...
reuters.com/markets/us/feds-goolsbee-keeps-policy-focus-pce-after-high-consumer-price-readings-2024-04-12/
Where are high prices hitting American families the hardest?: Inflation climbed faster than expected in March thanks to an uptick in the cost of rent ...
foxbusiness.com/economy/where-are-high-prices-hitting-american-families-hardest
Jamie Dimon’s inflation worries look prescient. Now what?: Perhaps it could be not just ‘higher for longer’ but ‘higher forever’
ft.com/content/3312b9aa-7e34-4e3a-a0ab-b27f05198f26
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
How Saurabh Mukherjea made a 20% return last year on his personal portfolio | Mint
livemint.com/money/personal-finance/why-mukherjea-is-factoring-in-high-inflation-for-retirement-goals-11712491379624.html
Paid articlePaid Morning Bid: Widening FX worry, South Korea sets rates: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-11/
Very Good News For REITs: A positive outlook on REITs as we discuss recent good news in the sector. Click for our look at the current real estate, inflation ...
seekingalpha.com/article/4682926-very-good-news-for-reits
Paid articlePaid Flash Insights: March Inflation - Yet Another Reason To Delay Easing: On a monthly basis, US headline and core Consumer Price Index topped expectations - both ...
seekingalpha.com/article/4683429-flash-insights-march-inflation-another-reason-delay-easing
Paid articlePaid Japan inflation to slow slightly, but cost-push pressures drag on consumption: Japan's annual core consumer price growth is expected to have slowed slightly ...
reuters.com/markets/asia/japan-inflation-slow-slightly-cost-push-pressures-drag-consumption-2024-04-12/
How not to run a water utility: Let Thames Water collapse. But after that, water bills need to rise
economist.com/britain/2024/04/09/how-not-to-run-a-water-utility
ADB highlights 'political unrest' among key hurdles to economic stability in Pakistan
thenews.com.pk/latest/1177527-adb-highlights-political-unrest-among-key-hurdles-to-economic-stability-in-pakistan
Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
Consumer stress finally starts to ease as shoppers cut their spending: Consumers have been struggling with high inflation, interest rates and tax for months – ...
theage.com.au/politics/federal/consumer-stress-finally-starts-to-ease-as-shoppers-cut-their-spending-20240411-p5fj30.html
Macroeconomists, meet Hank: how new models are changing the discipline: Incorporating inequality into the field is an uphill battle
ft.com/content/e0b2b64d-9ab0-4318-b753-3b981299f3ae
SBA chief says business applications record reflects pandemic recovery: New business applications have reached their highest-ever level under any presidential ...
axios.com/2024/04/12/sba-small-business-applications-isabel-casillas-guzman
Light wind in dollar's sails after bumper US payrolls: The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S ...
reuters.com/markets/currencies/light-wind-dollars-sails-after-bumper-us-payrolls-2024-04-08/
Gold continues price surge as investors monitor Middle East tensions: Gold prices have touched a new record high, as tensions between Iran and Israel intensify ...
euronews.com/business/2024/04/11/gold-surge-continues-as-geopolitical-tensions-intensify-in-middle-east
Mounting public debt eating into forex reserves, says BoU : Uganda now spends at least 32 percent of domestic revenues on debt servicing
monitor.co.ug/uganda/business/finance/mounting-public-debt-eating-into-forex-reserves-says-bou--4586540
Yen tumbles to 153 against dollar on U.S. inflation, raising intervention risk: TOKYO/NEW YORK -- The yen sold off against the dollar in New York trading ...
asia.nikkei.com/Business/Markets/Currencies/Yen-tumbles-to-153-against-dollar-on-U.S.-inflation-raising-intervention-risk
Paid articlePaidQuick Glance: Yen falls to 152 against dollar on U.S. inflation, raising intervention risk
- Following the release of U.S. inflation data on Wednesday, the yen dropped to the significant level of 152 against the dollar, potentially prompting government intervention to curb the decline.
- The value of the Japanese currency declined to 152.45, a level unseen since 1990.
Biden's bad news on inflation: Inflation is rearing its ugly head again and it's a nightmare for Biden on several fronts.
axios.com/2024/04/10/cpi-inflation-report-biden-march
Most Asian markets rise as traders jockey ahead of US inflation - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/10/most-asian-markets-rise-as-traders-jockey-ahead-of-us-inflation.html
The Bank of Japan's New Path Ahead: The Bank of Japan is set to normalise monetary policy when certain conditions are met, namely inflation ...
think.ing.com/articles/bank-of-japan-the-show-must-go-on/
Paid articlePaid An Important Warning For High Yield Investors: High-yield stocks sold off due to accelerating inflation. Check out the three important implications for ...
seekingalpha.com/article/4683235-important-warning-for-high-yield-investors
Paid articlePaid Fed’s Austan Goolsbee Says More to Do on Inflation, Trade-Offs Rising: Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers still have a ...
bloomberg.com/news/articles/2024-04-10/fed-s-goolsbee-says-more-to-do-on-inflation-trade-offs-rising
Paid articlePaid Markets must stop comparing the UK and the US : Inflation persistence is a greater threat for the former than the latter — and rates cuts are a way off
ft.com/content/13579c61-5e1f-48b5-bb4d-2dc787444fb3
Stock Market Today: Dow, S&P Live Updates for April 11 - Bloomberg: Stocks in Asia are primed for early declines after higher-than-expected US inflation data ...
bloomberg.com/news/articles/2024-04-10/stock-market-today-dow-s-p-live-updates
Paid articlePaid
Grocery inflation to fall below two per cent this spring: report: As they grapple with higher prices, not just on food but on shelter and other daily costs ...
montrealgazette.com/news/national/grocery-inflation-to-fall-below-two-per-cent-this-spring-report
Fixed Income Perspectives - Looking Ahead At Q2 2024: A Pause Before A Pivot: Uncertainty surrounding the timing and depth of prospective rate cuts has risen and ...
brandassets.principal.com/m/2de021ad4ae2e843/original/2Q-2024-Fixed-Income-Perspectives.pdf
Paid articlePaid Bond Trader Places Record Futures Bet on Eve of Inflation Data - Bloomberg: A block trade in US short-term interest-rate futures Tuesday was the biggest on ...
bloomberg.com/news/articles/2024-04-09/bond-trader-places-record-futures-bet-on-eve-of-inflation-data
Gold hits all-time high, soars past Rs 71,000: Should you still invest?: Gold Investment: Geopolitical conflicts are contributing to market instability ...
business-standard.com/finance/personal-finance/gold-hits-all-time-high-soars-past-rs-71-000-should-you-still-invest-124041000707_1.html
EHI study: Vacancies and rent reductions concern shopping centers: Corona, inflation and e-commerce: The general conditions for shopping centers have not changed ...
lebensmittelzeitung.net/handel/nachrichten/ehi-studie-leerstaende-und-mietminderungen-beschaeftigen-shopping-center-177104
Paid articlePaid ‘Unsustainable’ deficit, inflation mean more demand for Bitcoin: Grayscale: Grayscale believes the most recent inflation setback will be short-term pain and ...
cointelegraph.com/news/bitcoin-demand-grayscale-research-inflation-interest-rates-united-states
Quick Glance: Bitcoin Halving Impact and Market Insights
- The upcoming Bitcoin halving event is unique and significant for investors.
- Bitcoin's increasing popularity among institutions and retail investors is changing the landscape.
- The halving creates scarcity and is viewed as a key event for Bitcoin's market dynamics.
- Reduced supply from miners post-halving affects the market by influencing Bitcoin's price trajectory.
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