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Raising Interest Rates 'Won't Be Enough' To Control Inflation, US Economy: Mick MulvaneyFeb 16, 2022 - 11:04:06 PST
Former White House chief of staff Mick Mulvaney argues when the Fed is raising interest rates, while expanding the balance sheet it won’t have the ‘same impact’ to control inflation.
Wall Street will be looking for any more conditions/guidance set out by the FOMC on key topics such as the rate path, increment of initial lift-off in March, and details or strategies around balance sheet reduction.
Aired 2/11/22: DoubleLine's CEO Jeffrey Gundlach joins CNBCs Fast Money Halftime Report for an interview with Scott Wapner about the Fed and raising interest rates, among other topics from Sofi Stadium during Super Bowl weekend.
But given the Fed’s consistent incompetence, we may get all three: more inflation, a stock market crash and recession.
But, for now, it looks like economic fundamentals are in the process of weakening (see: GDPNow) which would explain the performance of the stock-market based indicators...
Jeremy Grantham predicts a 'super scarcity' of commodities and warns of the end of a U.S. stock market super bubble.
When Will the Brutal Spike in Rents Drive Up CPI Inflation? How Much Will it Add to CPI?Feb 16, 2022 - 07:35:40 PST
The numbers are already baked in and will show up over the next 24 months.
Feb 16, 2022 - 07:33:16 PST
Another effect of The Federal Reserve’s reckless monetary policy coupled with Biden/Congress reckless spending is bad foreign policy. The US is exporting inflation around the globe. US export price YoY is at 15.1%. The US is importing less inflation at 10.8% YoY.
A lack of investment in oil supply in recent years is limiting the ability of oil-producing countries to boost production significantly, leaving the oil market without an “immediate solution” to the high oil prices...
Money is pouring into investments in oil-related stocks, and international oil companies are raking in record profits.
Feb 16, 2022 - 07:21:57 PST
A new analysis by the Heartland Institute reports the typical American family’s home heating and cooling costs increased by as much as $1,000 in 2021 as a result of President Joe Biden’s energy and environmental policies.
Feb 16, 2022 - 07:15:30 PST
PriceRunner looked at thousands of products to find out where there have been some particularly big price surges.
China accused the United States of "playing up the threat of warfare and creating tension", as U.S. President Joe Biden warned that more than 150,000 Russian troops were still massed near Ukraine's borders following Moscow's announcement of a partial pullback.
U.S. authorities are scrutinizing how Wall Street firms including Morgan Stanley handle block trades, as part of a long-running probe into stock transactions typically big enough to move markets, according to people with direct knowledge of the matter.
Cyber security remains the exposed underbelly of democracies around the world. Ukraine is already facing the cyber-equivalent of a howitzer. We will all be faced with a 9/11-scale threat in cyber space — the question is simply when.
St. Louis Fed Pres. Bullard Lets the Cat Out of the Bag: The Fed Doesn't Have the Stomach for an Inflation FightFebruary 16, 2022
St. Louis Federal Reserve President James Bullard unwittingly let the cat out of the bag and revealed the central bank doesn't have the stomach to do what's necessary to take on surging, persistent inflation.
After December's gravely disappointing drop in retail sales, analysts are convinced January will see all that pent-up demand come flying back and expected a 2.0% MoM jump (despite a collapse in consumer confidence, especially buying attitudes and financial well-being expectations). In fact the analysts under-appreciated...
"Inflation could prove to be more stubborn. That's why gold as an inflation hedge could remain relevant for longer," said Xiao Fu, head of commodities markets strategy at Bank of China International.
(Reuters) -Barrick Gold Corp, on Wednesday announced a share repurchase of up to $1 billion and a bigger dividend payout as the gold miner's fourth-quarter results beat analysts' estimates. Barrick's U.S.-listed shares were up 1.2% in pre-market trading. Adjusted earnings per share for the quarter came in at $0.35, beating analysts' expectations of $0.30.
The Venezuelan central bank's gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by the bank on Tuesday. The quantity of gold bars at the bank's vaults in Caracas fell to an equivalent of 79 tonnes, down from 86 tonnes equivalent at the end of 2020.