Lifting pandemic stimulus sooner would’ve limited inflation: Bank of Canada’s Macklem – National

Lifting pandemic stimulus sooner would’ve limited inflation: Bank of Canada’s Macklem – National

The Bank of Canada and the federal government could have taken their foot off the gas sooner when stimulating the economy during the COVID-19 pandemic, Governor Tiff Macklem said Wednesday, but he added that knowledge is only clear now with the benefit of hindsight. Macklem and Senior Deputy Governor Carolyn Rogers spoke to the House … Read more

Is the Fed ‘going rogue’? Calls heat up to back off quest for 2% inflation

Is the Fed ‘going rogue’?  Calls heat up to back off quest for 2% inflation

For at least a decade, the Federal Reserve’s position that a 2% inflation rate is where the economy’s best functions has been taken as gospel. But with a recession potentially on the horizon and the Fed continuing to slam on the brakes, calls are rising that the central bank should re-examine what has been essentially … Read more

Premarket stocks: Fed officials crushed investors’ hopes this week

Premarket stocks: Fed officials crushed investors’ hopes this week

New York CNN Business — Investors sleuthing for clues about what the Federal Reserve will decide during its December policy meeting got quite a few this week. But those hints about the future of monetary policy point to an outcome they won’t be very happy about. What’s happening: Federal Reserve officials made a series of … Read more

Active managers see boost from the energy trade

Active managers see boost from the energy trade

This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew Beer is in the space. He co-runs the iMGP DBi Managed Futures Strategy ETFwhich is up 24% so far this year. “CTA hedge … Read more

All eyes on the consumer ahead of Black Friday and the holidays

All eyes on the consumer ahead of Black Friday and the holidays

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — It has been a tough year for American consumers. Inflation everywhere. Rapidly rising interest rates. A housing market that is starting to cool off. That begs a … Read more

Stock market news today: Dow and S&P 500 updates

Stock market news today: Dow and S&P 500 updates

The labor market is still very, very strong. And while that’s great news for workers, it’s bad news for the Fed. The mismatch in supply and demand for workers creates upward pressure on wages, and therefore inflation. People feel empowered to demand higher pay when they know managers are struggling to hire and retain staff. … Read more

Premarket stocks: A spooky forecast for the future of interest rates

Premarket stocks: A spooky forecast for the future of interest rates

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — When will central banks stop raising interest rates? That’s the multi-trillion dollar … Read more

US inflation still running hot, key PCE price gauge shows

US inflation still running hot, key PCE price gauge shows

The numbers: A key gauge of US inflation rose a mild 0.3% in September, aided by the lower cost of gas. Yet prices are still going up even if they aren’t climbing as fast as they were earlier in the year. Another measure of inflation that omits volatile food and energy costs rose a sharp … Read more

Premarket stocks: The Fed may have changed markets forever

Premarket stocks: The Fed may have changed markets forever

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — It’s safe to say that the global economy is in a pretty … Read more

“The bill has come due”

“The bill has come due”

The ignominiously fast downfall of UK Prime Minister Liz Truss is a warning sign for the US and policymakers around the world: Deficits matter again. Why it matters: Investors who are selling bonds in order to register their disapproval of policy choices are calling the shots on Wall Street and in the global halls of … Read more