54% of Americans are dipping into savings to pay for everyday expenses
Inflation is still taking a hefty toll on households, recent reports show.Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics.To make ends meet, 27% of Americans said they’ve had to take money […]
Corporations employ layoffs and buybacks in the name of efficiency
Corporations want investors and analysts to know that they, too, realize the good times fueled by low interest rates and soaring stock prices have ended.Earnings calls so far this year show that many of America’s largest and most prominent corporations are trying to demonstrate that they’re serious about reducing costs, dealing with profit growth and […]
The Fed’s Demand Destruction: What It Means for You and Me
If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned: “Demand destruction.” What is it? And what does it mean for you and me? We’ll first discuss the mainstream understanding of the concept and then unpack why it’s more nefarious than […]
John Paulson: Now Is an Opportune Time to Buy Gold
The U.S. dollar’s devaluation, due to inflation and geopolitical tensions, will drive gold up considerably this year, says prominent hedge fund manager John A. Paulson.Furthermore, gold is likely to continue to appreciate in value over the next three to five years, Paulson says in an interview with journalist Alain Elkann.The dollar began its slow descent […]
Fed’s Inflation Fight Pushes Up Cost of U.S. Debt
EconomyU.S. EconomyRepublicans and Democrats disagree on whether debt load is manageable Source link
There Is More Inflation Complexity Ahead by Mohamed A. El-Erian
As US inflation gradually eases, the claim that today’s inflationary pressures are the result of a temporary supply shock has re-emerged. While this thesis may be comforting, it could also encourage dangerous complacency, making an already serious problem much harder to solve. CAMBRIDGE – Nearly two years into the current bout of inflation, the concept […]
BOE’s Bailey: We expect inflation to come down rapidly this year
We have a very tight labour market (Bailey) There is substantial further monetary policy tightening still to come (Pill) There is no room for complacency (Pill) Anticipates an extended period of weakness in UK economic activity (Pill) Economic theory shows inflation uncertainty should be met with more forceful action (Haskel) There isn’t anything new here […]
Asia FX weakens on hawkish Fed comments, inflation readings awaited By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies fell on Thursday, while the dollar steadied on hawkish comments from a slew of Federal Reserve officials, with focus now turning to upcoming inflation readings from China and the U.S. for more cues on the global economy. Risk-heavy Southeast Asian currencies were the biggest decliners for the […]
AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
Share: AUD/USD is eyeing more weakness to near 0.6900 amid hawkish Fed policymakers’ guidance. Fed Waller cited the battle to reach the 2% inflation target “might be a long fight”. The Australian Dollar will dance to the tunes of China’s inflation data. The AUD/USD pair has gauged an intermediate cushion around 0.6920 in […]
Europe at Debt’s Door by Hans-Werner Sinn
The European Commission’s ongoing borrowing spree is economically irresponsible and clearly inflationary. By continuing to issue common bonds to finance its expenditures, the Commission is harming European savers and undermining the creditworthiness of national governments. MUNICH – Hit hard by the COVID-19 pandemic and the war in Ukraine, the European Union needs money. And given […]