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The recent breakout in the copper price suggests core inflation is likely too low at present and will soon begin to trend higher over the next couple of years. Because asset prices of all sorts have seemingly discounted a ‘lower for longer’ environment in both inflation and interest rates, this signal may be more meaningful than it might otherwise be.
Mar 4, 2021 - 08:08:47 PST
AllianceBernstein Senior Economist, Eric Winograd, joined Yahoo Finance Live to break down why inflation may increase over the course of the year.
JP Morgan Is Trying To Offload "Big Blocks" Of Corporate Manhattan Real EstateMar 4, 2021 - 08:04:18 PST
And it isn't just corporations packing up their entire operations and moving to tax havens like Florida, as we have noted for the last year, it's also firms cutting back on the amount of corporate real estate they use in the city. JP Morgan is the latest example, with the company reported looking to sell large blocks of its office space in Manhattan...
Biden Administration Singles Out China as 'Biggest Geopolitical Test' for U.S.Mar 4, 2021 - 07:59:59 PST
“It is the only competitor potentially capable of combining its economic, diplomatic, military, and technological power to mount a sustained challenge to a stable and open international system,” the national security document said of China.
Emerging-market bonds are becoming increasingly vulnerable as Treasury yields climb with the level of 2% on the U.S. 10-year note likely to trigger major outflows, according to Man Group Plc, which oversees $124 billion.
Republicans are demanding a full, 600-page bill reading — and painful, multi-hour "vote-a-rama" — as Democrats forge ahead with their plan to pass President Biden's $1.9 trillion COVID-19 relief package.
U.S. stocks fell for a third straight session Thursday as investors continued to dump high-flying tech shares amid fears about rising interest rates.
Facebook has built an AI program called "SEER" that can tell what it is looking at. It did this by feeding it over 1 billion public images from Instagram.
The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Institute of International Finance. China’s yuan is the mirror image, becoming increasingly undervalued, the IIF found in a periodic assessment of exchange-rate misalignments.
The surge in food prices that’s eating into consumer budgets and hitting some of the poorest nations shows few signs of abating. A United Nations gauge of global costs rose for a ninth straight month in February, the longest run since 2008, when the world faced the first of two food crises within several years.
The use of silver in the automotive sector is expected to surge in the coming years, according to the feature story in this month's edition of the Silver Institute's Silver News.With modern cars using more silver than ever in their advanced technology components, analysts project the auto industry will likely need nearly 90 million ounces of silver annually by 2025.
Mar 4, 2021 - 05:41:41 PST
The stock market rally is reeling, with the Nasdaq and growth stocks under heavy pressure in recent weeks amid rising bond yields. Federal Reserve Chairman Jerome Powell will speak today, with investors looking for any possible comments related to Treasury yields.
Unfortunately, a silly game of chance like Plinko is a great analog to explain current monetary policy and its flaws.
After unexpectedly plunging in the prior week, initial jobless claims were expected to modestly rise this week and they did from 730k to 745k...
U.S. Treasuries tumbled anew on Wednesday, driving long-maturity yields to their highest levels this week and pushing up inflation expectations as traders continued to price in a quicker economic rebound from the pandemic....
Bond yields spiked. The stock market threw a tantrum. Reuters analyst Dhara Ranasinghe called it "a tussle over borrowing costs."The Fed won round 1, thanks to a little help from the Aussies. But even the mainstream seems to have noticed that this wrestling match isn't over and the Fed may be forced to take real action soon. As Ranasinghe put it, "Round Two, and perhaps even Round Three, are inevitable, and they may require policy action rather than just words."By policy action, they mean upping quantitative easing - exactly as Peter Schiff has predicted.
Central banks globally are prepared to over-shoot inflation targets as they battle rapidly falling prices and a dislocation in labour markets, New Zealand's Central Bank Governor said on Thursday.
China kicks off its biggest political meeting of the year Friday, laying out plans that could propel the economy into the world’s biggest this decade. The annual gathering of the National People’s Congress carries an added significance this year with the Communist Party’s unveiling of its new five-year plan...
Those dormant offices, malls and restaurants that have turned cities around the country into ghost towns foreshadow a fiscal time bomb for municipal budgets...
Stock Futures Lower, Treasury Yields Continues to Weigh Ahead of Jobless Claims, Powell SpeechMar 4, 2021 - 05:15:55 PST
Stock futures are pointing to a lower open and a third day of losses for the major U.S. equity averages, as concerns over the level of Treasury yields continues to weigh on Wall Street sentiment.