Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chair Lael Brainard … Read more

Here’s everything the Federal Reserve is expected to do today

Here’s everything the Federal Reserve is expected to do today

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images There’s not a lot of mystery surrounding Wednesday’s Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive three-quarter point interest rate … Read more

Inflation ‘collapse’ will spark big stock market gains: Credit Suisse

Inflation ‘collapse’ will spark big stock market gains: Credit Suisse

Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief US equity strategist, it will launch a powerful market breakout. “This is actually what’s being priced into the market broadly,” Jonathan Golub told CNBC’s “Fast Money” on Monday. “Every one of … Read more

Interest rate hike to ‘intensify’ Canada’s housing market downturn

Interest rate hike to ‘intensify’ Canada’s housing market downturn

Homes for sale in Ajax, Ont., on Sept 7. In the Toronto region, the home price index declined nearly 16 per cent from March to August, with some of the city’s suburbs losing more than 20 per cent.Fred Lum/The Globe and Mail Canada’s real estate slump is about to deepen, as the rising cost of … Read more

European energy crisis intensifies as Russia shuts key gas pipeline, euro sinks to 20-year low

European energy crisis intensifies as Russia shuts key gas pipeline, euro sinks to 20-year low

Pipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany on March 8, 2022.HANNIBAL HANSCHKE/Reuters The euro plunged to a new 20-year low and energy prices soared after Russia turned off the taps of the main source of natural gas to Europe, increasing the prospect of rolling blackouts … Read more

As stocks and bonds fall, Mohamed El-Erian says to seek alternatives

As stocks and bonds fall, Mohamed El-Erian says to seek alternatives

With stock and bond valuations falling concurrently, investors should be looking to get out of “distorted markets” and seeking alternatives, according to Mohamed El-Erian, chief economic adviser to Allianz. El-Erian has long encouraged investors searching for safe-haven assets to avoid sovereign bonds, which he deemed too highly valued. Indeed, many long-duration bonds across Europe were … Read more

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store. After holding steady on iPhone prices a year ago, some analysts expect that Apple AAPL, -1.36% will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design … Read more

We’re going to have one whopper of a recession in 2023

We’re going to have one whopper of a recession in 2023

The US economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher interest rates. “We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t … Read more

Inflation falls for the first time in more than two years, key US gauge shows, due to sinking gas prices

Inflation falls for the first time in more than two years, key US gauge shows, due to sinking gas prices

The numbers: A key gauge of US inflation fell 0.1% in July thanks to tumbling gasoline prices, marking the first decline in more than two years and giving Americans some relief from a rapidly rising cost of living. The drop in the so-called personal-consumption price index was the first since April 2020, when the US … Read more