(Bloomberg) — Reports this week expected to show still-hot US inflation and a backslide in retail sales round out the last of key economic data markers for Federal Reserve policymakers ahead of their upcoming meeting. Most Read from Bloomberg The core consumer price index, which excludes …
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. …
(Bloomberg) — European stocks slipped as euro-area bond yields surged on Tuesday as hot inflation reports ramped up the stakes for the region’s central bank to battle rampant price pressures. Most Read from Bloomberg The Stoxx 600 fell 0.3%, trimming a 1.7% gain for February, in …
U.S. stocks fell Friday morning, after the Federal Reserve’s preferred inflation measure came in with a hotter-than-expected January reading. What’s happening The Dow Jones Industrial Average DJIA, -1.08% dropped 400 points, or 1.2%, to 32,749. The S&P 500 SPX, -1.29% was down 57 points, or 1.4%, …
In October of 2022, the Consumer Price Index was up 7.7% from the same time the previous year. Shelter, food, and gasoline prices are leading the way, which we’re all bearing the brunt of. Inflation has all kinds of side effects for individuals and for businesses, particularly businesses …
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve officials are set to shift down the pace of interest-rate hikes again in the coming week amid signs of slowing inflation, while …
Lifestylevisuals | E+ | Getty Images It may come as no surprise that among millennials who have intended to buy a house this year, 92% said in a recent survey that inflation has impacted their goal. Yet most of them aren’t letting it serve as a …
  Interview with: Charles Goodhart, British Economist and Author January 25, 2023 Charles Goodhart has seen it all: recessions, stagflation and boom years. In his book, The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival, co-authored with Manoj Pradhan, the former Bank of …
