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Getting over high inflation is going to take some time: More time than a tough breakup, perhaps.
axios.com/2024/03/29/inflation-prices-us-economy
Getting over high inflation is going to take some time
Quick Glance: Fed's Balancing Act: Potential June Rate Cut Amid Inflation Concerns
  • Federal Reserve Chair Jerome Powell emphasizes that the central bank is not planning a more restrictive monetary response despite higher inflation projections.

  • Powell faces the challenge of reconciling economic risks, a divided group of Fed policymakers, and public expectations of rate cuts starting in June.

  • Upcoming data could support a June rate reduction if inflation convincingly declines towards the Fed's 2% target, potentially paving the way for easing to begin.

  • The Fed may proceed with a June rate cut even if inflation proves more persistent than expected, aiming to balance risks related to employment and inflation goals and alleviate concerns among Fed officials.
Profile picture of Los Angeles Times
Which fast-food chains are raising prices in California to pay wages?: Fast-food chains are or planning to hike the cost of menu items because they're required ...
latimes.com/california/story/2024-03-28/fast-food-workers-minimum-wage-is-going-up-which-chains-will-up-their-prices
Which fast-food chains are raising prices in California to pay wages?
Quick Glance: California Fast-Food Chains Adjusting Prices Due to Wage Increase
  • Fast-food chains are raising prices in response to the new $20 per hour minimum wage for employees in California.

  • Major chains like Chipotle are considering passing the cost increases on to consumers.

  • McDonald's, Starbucks, and Jack in the Box are also planning price increases or modifications.

  • Pizza Hut operators in California have discontinued in-house delivery and are now relying on third-party apps.
Profile picture of ABC News
The stock market has skyrocketed to start 2024. Will it continue?: The S&P 500 has climbed 10% this year.
abcnews.go.com/Business/stock-market-skyrocketed-start-2024-continue/story
The stock market has skyrocketed to start 2024. Will it continue?
Profile picture of Reuters
Dow, S&P fall for third straight session with inflation data eyed: U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and ...
reuters.com/business/futures-rise-megacap-chip-stocks-bounce-2024-03-26/
Dow, S&P fall for third straight session with inflation data eyed
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Federal Reserve expected to cut rates, lift Biden's prospects: The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season ...
reuters.com/markets/us/federal-reserve-expected-cut-rates-lift-bidens-prospects-2024-03-25/
Federal Reserve expected to cut rates, lift Biden's prospects
Profile picture of Los Angeles Times
Ready for spring break travel? L.A. County gas prices top $5 a gallon: Higher crude oil prices and increased demand for fuel from spring break road trips have ...
latimes.com/california/story/2024-03-24/gas-prices-in-la-over-5-a-gallon
Ready for spring break travel? L.A. County gas prices top $5 a gallon
Quick Glance: Rising Gas Prices in California during Spring Break
  • The surge in crude oil prices and the increased demand for fuel due to spring break have led to rising gas prices in California.

  • Drivers in Los Angeles County are even experiencing higher prices, averaging $5.035.

  • Moreover, California is set to transition to its summer gas blend, potentially costing 15 cents more per gallon than the current winter blend, as mentioned by Shupe.

  • The national average for a gallon of gas stands at $3.533, as reported by AAA.
Profile picture of Insider (news website)
Stock market today: Indexes slip again ahead of inflation data: Stocks logged another losing session on Tuesday, after closing lower in the prior two sessions ...
markets.businessinsider.com/news/stocks/stock-news-today-rally-fed-comments-pce-inflation-data-powell-2024-3
Stock market today: Indexes slip again ahead of inflation data
Profile picture of CNN.com
Why Costco’s hot dog is still $1.50 when everything has gotten so expensive: Inflation has touched nearly everything these last few years — even Trader Joe’s ...
cnn.com/2024/03/27/economy/costco-hot-dog-inflation/
Why Costco’s hot dog is still $1.50 when everything has gotten so ...
Profile picture of USA Today
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.: The Fed's plans to cut interest rates seems to be driving up stocks and your 401(k) ...
usatoday.com/story/money/2024/03/24/fed-rate-cuts-stocks-economy/73074366007/
Your 401(k) has 'room to run.' And it's not all about Fed rate cuts.
Profile picture of Sky News
Money blog: Eight major price rises next Monday - but it's not all bad news: National Price Hike Day is on Monday, with water bills, broadband ...
news.sky.com/story/money-latest-mortgage-rates-house-prices-blog-sky-news-live-13040934
Money blog: Eight major price rises next Monday - but it's not all bad ...
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Expensive Easter chocolate bunnies: Is chocolate inflation a greed inflation?: The price of numerous chocolate products has risen significantly faster than ...
faz.net/aktuell/wirtschaft/unternehmen/teure-osterhasen-aus-schokolade-ist-die-schokoinflation-eine-gierflation-19615840.html
Expensive Easter chocolate bunnies: Is chocolate inflation a greed ...
Profile picture of Insider (news website)
Stock market outlook: Further record gains possible without rate cuts: "At 3.5% to 4% inflation and 2.5% real growth, a 5.5% funds rate is okay ...
markets.businessinsider.com/news/stocks/us-stock-market-outlook-need-fed-rate-cuts-record-high-2024-3
Stock market outlook: Further record gains possible without rate cuts
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Markets end Q1 in party mood, but US, China growth under scrutiny: A tumultuous first quarter is coming to an end and the
reuters.com/business/take-five/global-markets-themes-graphic-2024-03-29/
Markets end Q1 in party mood, but US, China growth under scrutiny
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Powell and Fresh Inflation Data Set to Crash Market Holiday: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-03-28/powell-and-fresh-inflation-data-set-to-crash-market-holiday
Powell and Fresh Inflation Data Set to Crash Market Holiday
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The Fed’s Waller Is in ‘No Rush’ to Cut Rates. Here’s Why.: The Fed is in no rush to lower interest rates this year, said Federal Reserve Gov. Christopher Waller ...
on.barrons.com/4cxi51Y
The Fed’s Waller Is in ‘No Rush’ to Cut Rates. Here’s Why.
Profile picture of The Post and Courier
Wall St. hits more records to close out its latest winning month: NEW YORK — Wall Street set more records March 28 as U.S. stocks coasted to the close of their ...
postandcourier.com/wall-st-hits-more-records-to-close-out-its-latest-winning-month/article_c40ca24c-ed44-11ee-94d4-a3a277ac394d.html
Wall St. hits more records to close out its latest winning month
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Powell Juices Bond Market Bet on Inflation With Tilt to Jobs: Federal Reserve Chair Jerome Powell’s increasing focus on protecting the job market is encouraging ...
bloomberg.com/news/articles/2024-03-28/powell-juices-bets-in-bond-market-on-inflation-with-tilt-to-jobs
Powell Juices Bond Market Bet on Inflation With Tilt to Jobs
Profile picture of Birmingham Live
Sky, EE, BT, Vodafone and Virgin customers face price hike on Monday: Many mobile and broadband customers across the country will see their prices go up in April
birminghammail.co.uk/news/money/sky-ee-bt-vodafone-virgin-28898024
Sky, EE, BT, Vodafone and Virgin customers face price hike on Monday
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WTO: China initiates dispute over US tax credits for EVs, renewables: China has initiated dispute consultations with the United States regarding tax credits ...
reuters.com/business/autos-transportation/wto-china-initiates-dispute-over-us-tax-credits-evs-renewables-2024-03-28/
WTO: China initiates dispute over US tax credits for EVs, renewables
Profile picture of Bloomberg
US Consumer Sentiment Jumps to Highest Level Since July 2021: US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains ...
bloomberg.com/news/articles/2024-03-28/us-consumer-sentiment-jumps-to-highest-level-since-july-2021
US Consumer Sentiment Jumps to Highest Level Since July 2021
Profile picture of Orlando Sentinel
Trader Joe’s upped the price of its bananas for the first time in decades. Here’s why
orlandosentinel.com/2024/03/27/trader-joes-upped-the-price-of-its-bananas-for-the-first-time-in-decades-heres-why/
Trader Joe’s upped the price of its bananas for the first time in decades ...
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Argentine Poverty Neared Pandemic Levels Before Milei Austerity: Poverty levels in Argentina rose slightly in the second half of 2023 as soaring inflation ...
bloomberg.com/news/articles/2024-03-27/argentine-poverty-neared-pandemic-levels-before-milei-austerity
Argentine Poverty Neared Pandemic Levels Before Milei Austerity
Profile picture of The Denver Post
Letters: Population growth is driving housing prices up in Colorado and pushing locals out
denverpost.com/2024/03/28/letters-affordable-housing-shortage-jena-griswold-gop/
Letters: Population growth is driving housing prices up in Colorado and ...
Profile picture of Insider (news website)
Stock market news today: US futures tread water ahead of PCE inflation: US stocks are set to open flat on the last day of the quarter, as investors held back ...
markets.businessinsider.com/news/stocks/stock-market-news-today-us-futures-inflation-last-day-quarter-2024-3
Stock market news today: US futures tread water ahead of PCE inflation
Profile picture of Entrepreneur
Dollar Tree Is Raising Its Price Cap to $7: 'The Macro Environment Has Gotten in Our Way'
entrepreneur.com/business-news/dollar-tree-is-raising-its-price-cap-again/471763
Dollar Tree Is Raising Its Price Cap to $7: 'The Macro Environment ...
Quick Glance: Dollar Tree Increases Max Price to $7, Attracts Higher Income Shoppers
  • Dollar Tree plans to raise the price cap in its stores to $7 as announced in a quarterly report in March.

  • The demographics of Dollar Tree customers trend towards higher income brackets, with an increasing proportion of individuals earning over $125,000 per year.

  • The company intends to close approximately 600 locations under the Family Dollar brand this year, as well as an additional 400 locations over the coming years.

  • Dollar Tree opened 641 new stores in the previous fiscal year and currently operates 16,774 stores across 48 states and five Canadian provinces.
Profile picture of MarketWatch
Three Fed interest-rate cuts this year? Yes, top banking economists say.: Top economists at big U.S. banks predict the Federal Reserve will cut interest rates ...
trib.al/hm0DbjX
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Profile picture of The Columbian
Key economic figures mixed, but expert calls indicators for Clark County’s economy positive
columbian.com/news/2024/mar/28/key-economic-figures-mixed-but-expert-calls-indicators-for-clark-countys-economy-positive/
Key economic figures mixed, but expert calls indicators for Clark County’s ...
Profile picture of The Post and Courier
S&P 500 vaults to new high as Wall St. breaks out of its lull: NEW YORK — U.S. stocks rose to a record March 27 after breaking out of their three-day lull near ...
postandcourier.com/s-p-500-vaults-to-new-high-as-wall-st-breaks-out-of-its-lull/article_815dab6a-ec7e-11ee-acc9-03d3e9a8797e.html
S&P 500 vaults to new high as Wall St. breaks out of its lull
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Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
cnbc.com/2024/03/28/dont-sweat-the-prospect-of-no-fed-rate-cuts-economist-says.html
Don't sweat the prospect of no Fed rate cuts, economist says — markets ...
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Morningstar warns: Stock market may crash from Friday despite public holiday: Reasons for possible stock crash
boerse-online.de/nachrichten/aktien/morningstar-warnt-boerse-kann-am-freitag-abstuerzen-das-sind-die-hintergruende-fuer-moeglichen-aktien-crash-20353778.html
Morningstar warns: Stock market may crash from Friday despite public ...
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CNBC Daily Open: Focus turns to key inflation data: Wall Street is set to get more insight on the underlying trends of inflation.
cnbc.com/2024/03/28/cnbc-daily-open-focus-turns-to-key-inflation-data.html
CNBC Daily Open: Focus turns to key inflation data
Profile picture of Reuters
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data: Federal Reserve Governor Christopher Waller said on Wednesday that recent ...
reuters.com/markets/us/feds-waller-still-sees-no-rush-cut-rates-amid-sticky-inflation-data-2024-03-27/
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
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Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes, BOJ: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-28/stock-markets-today-fed-rates-us-stocks-french-unemployment-uk-homes-boj
Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes ...
Profile picture of Star Tribune
How do specialty food brands make it in times of inflation?: Food is a fickle business. Who gets to win?
startribune.com/minnesota-food-brands-expo-west-maazah-quebracho-johnny-pops-301-inc-seven-sundays-bim-bam-boo/600354625/
How do specialty food brands make it in times of inflation?
Profile picture of Handelsblatt
Inflation: Fed director sees no reason to rush to cut rates: The central banker Christopher Waller sees the possibility of keeping interest rates at their ...
handelsblatt.com/finanzen/geldpolitik/inflation-fed-direktor-sieht-keinen-grund-zur-eile-fuer-zinssenkungen/100028459.html
Inflation: Fed director sees no reason to rush to cut rates
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Consumer Sentiment Stable as Economy Maintains Momentum: Several reports out Thursday show the economy remains in good shape heading toward the second quarter of ...
usnews.com/news/economy/articles/2024-03-28/consumer-sentiment-stable-gdp-rises-as-economy-maintains-positive-momentum
Consumer Sentiment Stable as Economy Maintains Momentum
Profile picture of The Oregonian
Trader Joe’s raises the price of a banana after more than 2 decades at 19 cents: In contrast to other foods more heavily impacted by inflation ...
oregonlive.com/business/2024/03/trader-joes-raises-the-price-of-a-banana-for-the-first-time-in-decades.html
Trader Joe’s raises the price of a banana after more than 2 decades at 19 ...
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Supermarkets supersized their profits during the pandemic: Operating incomes at major grocery chains grew in 2021 — and are still climbing
qz.com/supermarket-prices-grocery-food-inflation-pandemic-1851369826
Supermarkets supersized their profits during the pandemic
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Now's the Time for Budget Brands to Target Luxury Shoppers: Walmart and Dollar Tree are tapping higher-income customers to make ends meet ...
trib.al/6zBgCc9
Now's the Time for Budget Brands to Target Luxury Shoppers
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Ingham County is reliably Democratic, but enthusiasm for Biden is lagging: Concerns about inflation and other issues have hit home in Ingham County ...
freep.com/story/news/politics/elections/2024/03/28/ingham-county-democratic-voting-biden-election/73070547007/
Ingham County is reliably Democratic, but enthusiasm for Biden is lagging
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Thursday’s Morning Call: Market Eyes Central Bank Inflation Insights: Today's market closely follows the Central Bank's inflation report ...
riotimesonline.com/thursdays-morning-call-market-eyes-central-bank-inflation-insights/
Thursday’s Morning Call: Market Eyes Central Bank Inflation Insights
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Dollar consolidates ahead of inflation data; yen holds off 152 mark | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15212674
Dollar consolidates ahead of inflation data; yen holds off 152 mark | The ...
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Cocoa prices are soaring to record levels. What it means for consumers and why 'the worst is still yet to come'
cnbc.com/2024/03/26/cocoa-prices-are-soaring-to-record-levels-what-it-means-for-consumers.html
Cocoa prices are soaring to record levels. What it means for consumers and ...
Quick Glance: Cocoa Prices Surge Faster Than Bitcoin
  • Cocoa prices have doubled and tripled within a year.

  • Cocoa shortage leads to higher prices for chocolate makers and consumers.

  • Extreme weather and climate changes in West Africa have resulted in lower harvests.

  • Chocolate makers are responding to the increased costs, while consumers are still willing to pay more.
Profile picture of Insider (news website)
Stock market today: Traders snap losing streak to eye stellar first quarter: The S&P 500 looks poised to notch its best first quarter since 2019 as traders head ...
markets.businessinsider.com/news/stocks/stock-market-today-sp500-fed-rate-cuts-economy-inflation-outlook-2024-3
Stock market today: Traders snap losing streak to eye stellar first ...
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ECB vs. Fed: “We act independently” - Does the ECB risk going it alone?: Bundesbank boss Nagel and ECB boss Lagarde distance themselves from the actions of the ...
handelsblatt.com/finanzen/geldpolitik/ezb-vs-fed-wir-handeln-unabhaengig-riskiert-die-ezb-den-alleingang/100025632.html
ECB vs. Fed: “We act independently” - Does the ECB risk going it alone?
Profile picture of Insider (news website)
Fed interest-rate outlook: 5 cuts in 2025 as US economy slows: S&P economist: The Fed could cut rates a whopping 200 basis points by the end of 2025 ...
businessinsider.com/fed-interest-rate-cuts-outlook-stocks-economy-inflation-growth-2025-2024-3
Fed interest-rate outlook: 5 cuts in 2025 as US economy slows: S&P ...
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Emerging Markets Fall With Caution on US Inflation, Yuan Policy: Emerging market stocks and currencies fell on uncertainty over the pace of Federal Reserve rate ...
bloomberg.com/news/articles/2024-03-27/emerging-markets-fall-with-caution-on-us-inflation-yuan-policy
Emerging Markets Fall With Caution on US Inflation, Yuan Policy
Profile picture of Bournemouth Echo
Easter chocolates hit by 12.6% price rise and shrinkflation: Easter chocolates have seen a 12.6 price increase in the past year, while also being impacted by ...
bournemouthecho.co.uk/news/24210746.easter-chocolates-hit-12-6-price-rise-shrinkflation/
Easter chocolates hit by 12.6% price rise and shrinkflation
Profile picture of The Guardian
How a viral $22 burrito explains inflation in the US: A San Francisco taqueria owner Ricardo made waves after raising his prices. We break down the costs – and ...
theguardian.com/food/ng-interactive/2024/mar/27/burrito-price-inflation-vaca-birria-san-francisco
How a viral $22 burrito explains inflation in the US
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Shares edge higher; yen's drop to 1990 low lifts Nikkei: Global shares rose on Wednesday, nudged higher by a rally in Japanese stocks as the yen sagged to its ...
reuters.com/markets/global-markets-wrapup-1-2024-03-27/
Shares edge higher; yen's drop to 1990 low lifts Nikkei
Profile picture of Insider (news website)
CA fast-food restaurants lay off workers to prepare for $20 wage: Two Pizza Hut franchisees in California are among those who are laying off workers ...
businessinsider.com/california-fast-food-restaurants-lay-off-workers-minimum-wage-hike-2024-3
CA fast-food restaurants lay off workers to prepare for $20 wage
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7 key retirement planning strategies to consider at every age: Retirement planning is a lifelong endeavour that requires careful planning, disciplined saving ...
financialexpress.com/money/7-key-retirement-planning-strategies-to-consider-at-every-age-3436168/
7 key retirement planning strategies to consider at every age
Profile picture of Electrek
Here’s how much money you’ll get with the Inflation Reduction Act: If you're ready to electrify and want to know which Inflation Reduction Act rebates and ...
electrek.co/2024/03/27/inflation-reduction-act-calculator/
Here’s how much money you’ll get with the Inflation Reduction Act
Profile picture of Orlando Sentinel
Egg and chocolate prices are hopping — just in time for Easter: Bad weather and disease are straining the supply of cocoa. Meanwhile, another outbreak of bird ...
bostonherald.com/2024/03/27/egg-and-chocolate-prices-are-hopping-just-in-time-for-easter/
Egg and chocolate prices are hopping — just in time for Easter
Profile picture of Insider (news website)
Stock market today: US futures tick higher after another day of declines: Markets rally takes a breather as investors await the release of Friday's crucial ...
markets.businessinsider.com/news/stocks/stock-market-news-today-futures-sp500-nasdaq-pce-inflation-economy-2024-3
Stock market today: US futures tick higher after another day of declines
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Referencing 'In an emergency, break glass' signs, Bank of Canada official says, 'It's time to break the glass'
ctvnews.ca/business/referencing-in-an-emergency-break-glass-signs-bank-of-canada-official-says-it-s-time-to-break-the-glass-1.6822827
Referencing 'In an emergency, break glass' signs, Bank of Canada official ...
Quick Glance: Canada Urgently Needs to Boost Productivity
  • Carolyn Rogers, the Deputy Governor of the Bank of Canada, emphasizes the need for a turnaround to safeguard the economy from potential inflationary pressures.

  • In the fourth quarter of 2023, Canada saw a 1.7% annual increase in productivity, marking the first rise following six consecutive quarterly declines.

  • Current data suggests that Canada's productivity level has remained virtually unchanged for the past seven years.

  • Furthermore, an additional measure of living standards utilized by economists indicates a prolonged stagnation, remaining stagnant at a level reminiscent of nearly a decade ago.
Profile picture of Insider (news website)
Average cost for monthly household bills has increased : The average US household now spends $25,513 a year on the 10 most common bills, an increase of 19% from ...
businessinsider.com/average-cost-monthly-household-bills-change-pandemic-covid-rent-mortgage-2024-3
Average cost for monthly household bills has increased
Profile picture of Kiplinger
Stock Market Today: Dow Outperforms as Merck Hits New High: The S&P 500 and Dow Jones Industrial Average snapped three-day losing streaks as drugmaker Merck ...
kiplinger.com/investing/stocks/stock-market-today-dow-outperforms-as-merck-hits-new-high
Stock Market Today: Dow Outperforms as Merck Hits New High
Profile picture of Insider (news website)
CIO Managing $1.4 Trillion Shares 2 Trades He's Betting On Now: "This type of concentrated leadership rarely lasts," says SEI's Jim Smiegel of the Magnificent ...
businessinsider.com/stock-market-magnificent-seven-valuations-investing-sector-picks-recommendations-sei-2024-3
CIO Managing $1.4 Trillion Shares 2 Trades He's Betting On Now
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JUST IN: CBN raises interest rate: The committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant ...
premiumtimesng.com/business/business-news/681000-just-in-cbn-raises-interest-rate.html
JUST IN: CBN raises interest rate
Profile picture of Insider (news website)
Fed is making inflation worse with rate-cut promises, former official says: The Fed is practically "asking for inflation to move back higher," according to a ...
businessinsider.com/fed-rate-cuts-inflation-outlook-us-economy-growth-monetary-policy-2024-3
Fed is making inflation worse with rate-cut promises, former official says