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Argentina’s central bank plans to raise its benchmark interest rate by 250 basis points to 42.5% on Thursday, according to an official who asked not to be named since the announcement isn’t public yet.
Gold Tops $1900, Stocks Slump As Bullard And Blinken 'Double Whammy' Fuels FearFeb 17, 2022 - 11:38:15 PST
Things have escalated a little this morning as Nasdaq is now testing the lows of the day, as investors de-risk on the heels of Blinken's 'Russia threat' rhetoric and Bullard's 'rate-hikes and asset sales' ranting.
Months of surging prices defied predictions from central bankers and other economists who said inflation pressures would abate quickly, and have undermined Biden's popularity.
"Everything’s gone up. As a business owner, I understand that," she said. "But as a consumer, it’s like, ‘Oh, my God. Why are these prices going up?’”
Despite rising wages, 61% of Americans are still living paycheck to paycheck, report findsFeb 17, 2022 - 11:27:57 PST
Wages are rising but it's not enough. Nearly two-thirds of Americans are still living paycheck to paycheck.
World’s Highest Rates May Rise Further, Zimbabwe Governor Say: BloombergsFeb 17, 2022 - 11:25:36 PST
Central bank governor warns rates may rise on inflation Exchange rate volatility a main driver of inflation pressures
Can the Fed control inflation, interest rates, put a floor on the stock market? Anything?
How many hikes will the Fed get in? The market expects far too many.
Inflation is a monster of our own making. Our political leaders must accept that fact and stop fanning the flames with ever-higher levels of government spending, or this problem is only going to get worse.
When it comes to inflation, the Federal Reserve and the White House are like firefighters who don’t know how to fight fires, which is terrible news for the economy and investors. Has the Federal Reserve lost control of the fight against inflation? Steve Forbes on why the principal inflation fighters are floundering and on how they could end up engineering a recession if they aren’t careful.
Minutes from January’s meeting of the Federal Open Market Committee, released on Wednesday, showed that officials agree on one thing: the first US interest rate rise since 2018 will be implemented “soon”, all but guaranteeing an increase in March. Beyond that, there appears to be little harmony yet on the number, or size, of subsequent interest rate rises.
Feb 17, 2022 - 07:49:29 PST
Charlie Munger, billionaire investor and longtime business partner of Warren Buffett, issued a stark warning on the persistent price pressures gripping the U.S. economy, saying at a Wednesday event in Los Angeles that inflation was a "huge danger" and "possibly the way democracies die."
The Fed's Battle To Fight Inflation Could Cause More Pain Than Higher PricesFeb 17, 2022 - 07:44:59 PST
Rapidly rising prices have caused economic hardship for millions of Americans. But drastic action to rein in prices could lead to even more pain, including job losses.
Feb 17, 2022 - 07:26:37 PST
The United States has deployed fighter jets to Germany, U.S. Air Force Reserve Command (AFRC) announced in a statement ...
The Ukraine crisis has provided the perfect opportunity for weapon makers to cash in. The collapse of the Afghan Army was a blow to the military-industrial complex that made billions during the two-decade nation-building project. Now, it appears the foreign policy establishment sees Ukraine as a potential Afghanistan...
President Joe Biden warned Thursday that the probability of a Ukraine invasion is “very high,” while Russia told the U.S. in its official response to security proposals from Washington that it has no plans to invade.
Start saving up those pennies because gas prices could spike real soon, warns one veteran oil strategist.
New weekly jobless claims unexpectedly rose last week, ending a three-week streak of improvements.
Feb 17, 2022 - 06:39:46 PST
Credit Suisse’s Zoltan Pozsar thinks The Federal Reserve needs to spark a market crash. Really Zoltan??
The Federal Reserve released the minutes from its January FOMC meeting on Wednesday (Feb. 16). While there was some talk about taking on inflation, it doesn't appear the central bank is really serious about an inflation fight. In his podcast, Peter Schiff talked about the most recent inflation data and the Fed's response. He said the central bank is quickly running out of minutes.