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The highest rate of inflation since the creation of the euro zone more than two decades ago is inflicting a toll on Europeans’ standards of living — and fast becoming a political issue.
Bond markets are signaling growing concern that the US central bank will derail the post-pandemic recovery by overreacting to high inflation sweeping through the world’s largest economy.
Another hotter than expected CPI print in January put even more pressure on the Federal Reserve to do something about inflation. Suddenly, there is talk of a 50 basis point interest rate hike at the next FOMC meeting.But "doing something" is is easier said than done, particularly in this zombie economy.
US Producer Price Inflation Unexpectedly Remains Near Record Highs In JanFeb 15, 2022 - 05:42:00 PST
January saw US producer prices rise 1.0% MoM (twice the expected 0.5% jump) and is the 21st straight month of MoM rises. This sent prices up 9.7% YoY (record highs and well above the expected +9.1% YoY)...
Feb 15, 2022 - 05:42:00 PST
Biden and The Fed have a seemingly never ending problem for Americans: Inflation.
Today, the Final Demand Producer Price Index (PPI) printed at 9.7% YoY.
Virtually drowned out in the noise is the voice of Pacific Investment Management Co.’s Joachim Fels, who in 2019 predicted that U.S. rates could even go negative as people save more and enjoy longer retirements. His case helped convince former Federal Reserve Chair Alan Greenspan that Treasury yields could dip below zero.
Private Debts Pose Hidden Risk to Developing Countries, World Bank Warns: Economist Carmen ReinhartFeb 15, 2022 - 05:36:03 PST
Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that risks were rising along with inflation, interest rates and lack of transparency about sovereign and private debts. The bank's surveys showed 46% of small and medium-sized businesses in developing...
U.S. Fed Should Act Soon and Decisively To Raise Rates -World Bank's ReinhartFeb 15, 2022 - 05:36:03 PST
The U.S. Federal Reserve should tighten monetary policy soon and decisively to head off what could become "quite persistent" inflation, World Bank Chief Economist Carmen Reinhart told Reuters in an interview.
During the first year of the pandemic, Federal Reserve Chairman Jerome Powell earned a reputation as a monetary dove, rolling out innovative policies aimed at preventing a financial and economic meltdown.
Emerging markets must brace for monetary tightening in the United States and Europe while central banks must be clearer in their policy communication to avoid confusion, financial leaders of the world's 20 biggest economies are likely to warn this week. G20 finance ministers and central bank governors are to meet on Feb...
PBOC Pumps in More Liquidity in Cash via Policy Loans for a Second Straight MonthFeb 15, 2022 - 05:23:28 PST
China’s central bank stepped up support for its slowing economy by pumping in cash via policy loans for a second straight month. The benchmark stock index advanced, outperforming regional equities.
U.S. Federal Reserve officials continued sparring over how aggressively to begin upcoming interest rate increases at their March meeting, with a final inflation reading just ahead of the two-day session taking on potentially outsized importance. St. Louis Federal Reserve President James Bullard on Monday...
SchiffGold managing editor and host of the Friday Gold Wrap podcast Mike Maharrey joined Mises Institute President Jeff Deist on WHBO radio to talk about inflation and the Federal Reserve, Mike explains how the Fed has gotten itself stuck in a tight spot. To be sure, it has an inflation problem. But a legitimate fix would create its own set of problems.In a nutshell, the central bank is damned if it does and damned if it doesn't.
Wall Street’s main benchmarks rose sharply in pre-market trading Tuesday the Russian Defense Ministry said some military units will start returning to their permanent bases after completing drills near the Ukrainian border.
U.S. SHALE OIL & DUC UPDATE: Bakken Now Mature While Industry Moves To Last Growth FieldFebruary 15, 2022
With the Bakken Oil Field now "Officially" in the mature stage, the industry is moving to the last region where there is still some growth... the Permian. Also, the Shale Industry continues to deplete its inventory of DUCs - Drilling Uncompleted Wells, and will likely run out within the following year...
Feb 14, 2022 - 12:51:40 PST
Gold Performance in Major Currencies, 2000-2022 YTD.
The Silver Institute has forecast global silver demand to rise to a record 1.112 billion ounces in 2022 as traditional and green technologies increase its use.
On Thursday, the Labor Department released the latest Consumer Price Index report. The CPI surged 7.5% in January from a year earlier. That exceeded most forecasts and marked a new four-decade high for consumer price increases. Brian Cheung of Yahoo Finance gives his take on the situation:
Gold prices rose on Monday, with worries around the Russia-Ukraine crisis powering the gains. Spot gold climbed 0.6% to $1,871.71 per ounce. U.S. gold futures rose 1.7% to $1,873.80. Monday's moves came after after the precious metal popped on Friday.
Concern among investors that the U.S. Federal Reserve will fail to control inflation is helping to lift gold prices despite a sharp rise in U.S. bond yields that would usually drive the metal lower, analysts said.