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There’s a New Inflation Warning for Consumers Coming From the Supply ChainFeb 13, 2023 - 06:00:35 PST
Inflation has dropped rapidly helping the Fed and economy, but there’s a sticky source in the supply chain related to inventory gluts and weak consumer demand.
Debt Talks Can Include Everything but Cuts to Social Security and Medicare, Republicans SayFeb 13, 2023 - 05:58:36 PST
Republicans say they would not cut Social Security and Medicare programs but "everything else is on the table" in talks over raising U.S. government borrowing limits, House Oversight Committee Chair James Comer said on Sunday.
Inflation is slowing the world over, but some of the biggest money managers say it’s no time to ditch protection against rising consumer prices.
Regulatory threats will be key for cryptos. So too will this week's release of data on U.S. consumer-price inflation.
IRS Warns Taxpayers to Hold Off Filing Returns in 20 States as Checks if It Can Tax Special RefundFeb 13, 2023 - 05:50:19 PST
Taxpayers in more than 20 states were to hold off filing their tax returns for now until the IRS irons out how the taxpayers in those specific states should report, if at all, money received from their states through special tax refunds or payments in 2022.
Credit Suisse Craters After "Staggering" Bank Run And Warning Of Continued LossesFeb 13, 2023 - 05:47:15 PST
Back in late 2022, when Credit Suisse stock cratered to never before seen levels after a series of dismal earnings reports and regulatory "missteps" sparked a staggering bank run, amounting to some $88 billion forcing the bank to seek emergency liquidity from the Fed via SNB swap lines, and which also led to a historic corporate restructuring which included the de facto closure of the bank's investment bank coupled with mass layoffs and bonus cuts, many thought that would be as bad as it gets as the (rapidly changing) management had finally thrown out the kitchen sink.
India's annual retail inflation in January rose above the central bank's upper threshold for the first time in three months, on higher food prices, vindicating last week's hawkish monetary policy stance. India's annual retail inflation rate rose to 6.52% in January from 5.72% in December, government data showed on Monday. January's retail inflation was above the Reserve Bank...
China’s central bank will probably increase the amount of cash it pumps into the money market this week to rein in funding costs.
Just as counterparts suffer the worst cost-of-living crisis in a generation, Switzerland is standing out with probably the most benign inflation shock in the advanced world.
As Haruhiko Kuroda hands over the reins at the Bank of Japan, expectations that his successor can fix the economy are limited.
US stocks are ripe for a selloff after prematurely pricing in a pause in Federal Reserve rate hikes, according to Morgan Stanley strategists.
Attitudes Begin to Shift Regarding Monetary Policy, Economic Growth, and Stock PricesFeb 13, 2023 - 05:36:01 PST
In May of last year, Fed Chair Jerome Powell warned “there could be some pain involved in restoring price stability.” A month later, we learned inflation was unexpectedly heating up again. And then on June 15, the Fed announced an eye-popping 75-basis-point interest rate hike, the largest increase the central bank made in a single announcement since 1994.
Now that traders have an idea who’s likely to take the Bank of Japan hot seat, the focus will sharpen on the biggest worry of global bond investors — a wave of Japanese cash flowing out of international markets toward rising yields at home.
The riskiest bond trade in emerging markets is mounting a comeback, offering double-digit returns to those brave enough to flirt with default.
A fresh round of IMF bailouts is under way, and some of the world’s most indebted nations will have to sacrifice their currencies to get them.]
Investors are paying up to protect themselves in case the stock market sinks with a key inflation reading due this week, which is expected to show that prices aren’t moderating the way the Federal Reserve would like to see.
January's CPI report could challenge the narrative that inflation is trending down across a growing range of sectors in the U.S. economy.
Current Stock Market Rally ‘Likely to Mark the High Point’ for 2023: JPMorganFeb 13, 2023 - 05:25:49 PST
JP Morgan's Matejka recommends investors slash their exposure to stocks and eye more defense areas of the market.
U.S. stock futures flickered early Monday as Wall Street reeled from its worst week of the year so far and an upcoming inflation reading kept investors on their toes.
The fake debt ceiling fight is on and the Biden administration has ratcheted up the scare tactics. One of its strategies is to make you think the world will collapse if the US defaults on its debt obligations. After all, the US always pays its bills on time — so we're told.A default would certainly be problematic. But despite what you're being told, it's not unprecedented. The US government has defaulted before.