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The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for December came in at 90.3, up 0.5 from the previous month. This reading comes in worse than Investing.com's forecast of 90.9. The index is at the 8th percentile in this series.
Feb 14, 2023 - 07:17:12 PST
Michael Pettis at China Financial Markets discusses an article on Boosting Consumption by LI Xunlei at the Shanghai Finance Institute.
At Least Two More Fed Rate Hikes and No Cut This Year, Say Economists: Reuters PollFeb 14, 2023 - 07:09:17 PST
The U.S. Federal Reserve will raise interest rates at least twice more in coming months, with the risk they go higher still, according to a majority of economists in a Reuters poll who see no cut by year-end.
In this line, data acquired and calculated by Finbold on February 14 indicate that gold controls a market capitalisation of $12.34 trillion. The valuation is at least six times more compared to the combined market cap of $2.03 trillion controlled by the world’s ten largest banks.
Core CPI Rises 32nd Straight Month, Headline Inflation Hotter Than Expected YoY Driven By Lagging ShelterFeb 14, 2023 - 05:44:43 PST
Finally, the rise in Americans' cost of living outpaced their income gains for the 22nd month in a row (down 1.5% YoY)... Just don't forget the economy is "strong as hell".
Brainard has been leading the U.S Federal Reserve's work on a potential digital dollar and has been minding the store on crypto policy discussions until the central bank appoints its permanent vice chair for supervision.
Kazuo Ueda’s nomination for the Bank of Japan governorship has renewed the focus on market expectations for tighter monetary policy this year.
Japan's economy averted recession but rebounded much less than expected in the fourth quarter as business investment slumped, a sign of the challenge the central bank faces in phasing out its massive stimulus programme.
Summers Warns Now Is Not the Time for Investor ‘Euphoria’—Markets Headed for a ‘Turbulent Period'Feb 14, 2023 - 05:35:45 PST
Summers argued that inflation is still at levels that would have been “unimaginable” two years ago, and “bounce-back factors”—including rebounding wholesale used car and gasoline prices—could make it more difficult to tame than some imagine.
Gold prices are marginally higher early Tuesday in New York after settling at a 5-week low a day earlier as traders awaited an update about the pace of U.S. consumer price inflation in January.
Economists expect the Labor Department's consumer price index report due out Tuesday to support Federal Reserve Chair Jerome Powell's assessment that U.S. inflation is easing.
The International Monetary Fund, World Bank and India will host an inaugural meeting to deal with global debt issues Friday, bringing together creditors including China with borrowing countries to try to hash out solutions for nations with unsustainable debt levels.
JPMorgan Chase & Co. strategist Marko Kolanovic said he is “turning more defensive,” recommending that investors fade this year’s stock rally because “a recession is currently not priced into equity markets.
Why January’s CPI Report Could Deal a Massive Blow to the Stock Market: MWFeb 14, 2023 - 05:27:41 PST
The stock market's rally to start 2023 could fizzle if Tuesday's highly-anticipated U.S. inflation report dashes hopes for a quicker retreat in the cost of...
While equity markets are on a relentless march higher amid optimism around stronger economic growth and cooling inflation, most investors aren’t convinced the gains will last, according to Bank of America Corp.’s latest global fund manager survey.
Bank Lobbyists Threaten Higher Credit Card Costs if Late Fee Cap Is EnactedFeb 14, 2023 - 05:23:14 PST
The proposal set forth this month by the government seeks to reduce the limit from $30 for an initial late payment to $8 each.
For the first time in a long time, stock and bond markets are flashing divergent signals on the economy and future Federal Reserve policy. Tuesday’s inflation report will go a long way in determining which one is right.
January credit and debit card spending accelerated in January compared to December, according to new data from the Bank of America Institute. Spending per household rose 5.1% from a year earlier, speeding up from a 2.2% increase in December and showing particular strength in areas like travel and eating out.
January CPI Preview: Inflation Likely Rose 0.5% In 2023’s First Month, Consensus SaysFeb 14, 2023 - 05:18:35 PST
The Bureau of Labor Statistics' January Consumer Price Index (CPI) is scheduled for release at 8:30 a.m. ET on Thursday.
U.S. stock futures crept higher in the early trade Tuesday as Wall Street awaited a major inflation reading poised to direct expectations on the Federal Reserve's path forward for interest rates.