Inflation

Global Inflation
Inflation
Inflation Stocks
Interest Rates

Summers Sees ‘Tumult’ in 2023 With Reckoning for Bond Market

(Bloomberg) — Former Treasury Secretary Lawrence Summers warned that the assumption embedded in the bond market that the era of low interest rates — anchored by disinflationary pressures — is coming back is likely to be wrong. Most Read from Bloomberg “I suspect tumult” for markets in 2023, Summers told Bloomberg Television’s “Wall Street Week” […]

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Consumer Spending
Inflation

Key Inflation Gauge Cools, US Consumer Spending Misses Forecasts

(Bloomberg) — The Federal Reserve’s preferred inflation measures eased in November while consumer spending stagnated, suggesting the central bank’s interest-rate hikes are helping to cool both price pressures and broader demand — with more tightening on the way. The personal consumption expenditures price index excluding food and energy, which Fed Chair Jerome Powell has stressed […]

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Inflation

BlackRock Bucks Bets on Plunging Inflation

(Bloomberg) — BlackRock Inc. strategists say traders that have started to bet on a sharp slowdown in inflation are setting themselves up for disappointment. While they acknowledge that prices pressures are ebbing faster than expected, they contest consensus bets that see the rate tumbling toward the Federal Reserve’s 2% target. That’s leading the world’s biggest […]

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Bonds
Inflation
Inflation Stocks
Interest Rates

Wrong-Way Bets on Inflation Exposed Ahead of Fed Rate Decision

(Bloomberg) — Professional speculators with billions in bearish trades on the line endured a rough ride after Tuesday’s report on US consumer prices brought the latest sign that the Federal Reserve is making progress in its battle against inflation. Hedge funds that had amassed the biggest short position against Treasuries since March 2020 were caught […]

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Consumer Price Index
Inflation

US Core Inflation Slows, Giving Fed Some Breathing Room on Rates

(Bloomberg) — A key gauge of US consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes. Excluding food and energy, the consumer price index rose 0.2% in November and was up […]

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Bonds
Inflation

Inflation Was So Bad That It Even Crushed Inflation-Linked Bonds

(Bloomberg) — As the US economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge: Treasuries that provide extra compensation to keep up with rising consumer prices. Then the brutal reality of bond-market math shredded that sense of safety. The Federal […]

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Inflation
Job Market
U.S Job Report

Wall Street Sees Jobs Beat as ‘Wrong Report at the Wrong Time’

(Bloomberg) — The latest US jobs report doused nascent optimism that the American economy was weakening enough to warrant a go-slower approach by the Federal Reserve in its battle against inflation. Hiring topped estimates and wage growth accelerated more than expected last month, upending expectations that had built across Wall Street in recent weeks. Futures […]

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Consumer Price Index
Fed Rate Cuts
Fed Rate Hikes
Inflation
Producer Price Index

US Core PCE Prices Rise by Less Than Forecast; Spending Gains

(Bloomberg) — A key gauge of US consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession. The personal consumption expenditures price index excluding food and energy, which Fed Chair Jerome Powell stressed this week is a more accurate […]

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Inflation
Stock Market
Top Stock Market News

Stocks Reap Double-Digit Returns After Inflation Peaks, History Shows

(Bloomberg) — The euphoria that’s sweeping through the stock market Thursday has strong justification in history: whenever inflation has peaked, double-digit gains have followed. The S&P 500 Index, which has shed 18% in 2022, surged 4.7% on Thursday after the rise in the consumer price index cooled in October by more than forecast, putting the […]

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Economy
Fed Rate Hikes
Federal Reserve
Inflation
Top Stock Market News

Fed ‘Hasn’t Accomplished Anything’ on Labor Market, Dudley Says

(Bloomberg) — The Federal Reserve “hasn’t accomplished anything” in loosening the US labor market even after four consecutive 75-basis-point hikes, former New York Fed President Bill Dudley said. Friday’s jobs report showing a 261,000 gain in payrolls and a slight uptick in unemployment in October is “not consistent with a loosening labor market,” Dudley, chair […]

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Gold
Gold Stocks
Inflation
Top Stock Market News

Gold Fields Rules Out Raising Yamana Offer After Rival Bid

(Bloomberg) — Gold Fields Ltd. said it won’t raise its offer for Yamana Gold Inc. after two Canadian rivals teamed up with an unsolicited $4.8 billion bid to break up an earlier merger agreement with the South African miner. Its offer for Yamana is “strategically and financially superior” to the deal put together by Pan […]

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Global Inflation
Inflation
Stock Quants
Stock Trading
Top Stock Market News

The Fall of Big Tech Is Boosting Stock Quants on Wall Street

(Bloomberg) — Another tech plunge, another shot in the arm for stock quants mounting a big comeback in Wall Street’s awful year. As the Federal Reserve ramped up its hawkish policy guidance this week on still-raging inflation, the once-booming Faang megapcaps lost a further $568 billion in market value, bringing the cohort’s total capitalization to […]

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Fed Meeting
Fed Rate Hikes
Fed Taper
Federal Reserve
Inflation
Top Stock Market News

Stocks Steady Ahead of Fed Meeting; Dollar Falls: Markets Wrap

(Bloomberg) — Equities erased early gains ahead of the Federal Reserve’s policy meeting Wednesday. A gauge of the dollar fell and gold rose. European stocks and US futures were little changed after euro-area manufacturing activity sank to the lowest level since the first Covid-19 lockdowns in 2020 as record inflation and a weakening global economy […]

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Fed Meeting
Fed Rate Cuts
Fed Rate Hikes
Inflation

Fed to Hike Big Again and Open Door to Downshift: Decision Guide

(Bloomberg) — The Federal Reserve looks set to deliver a fourth straight super-sized rate increase with Chair Jerome Powell repeating his resolute message on inflation and opening the door to a downshift — without necessarily pivoting yet. The Federal Open Market Committee is expected to raise rates by 75 basis points on Wednesday to a […]

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Inflation
Inflation Stocks
Top Stock Market News

US Core PCE Inflation Picks Up While Consumers Show Resilience

(Bloomberg) — A core gauge of US inflation accelerated in September, while consumer spending stayed resilient, indicating widespread price pressures and solid demand that reinforce the Federal Reserve’s case for another big interest-rate hike next week. The personal consumption expenditures price index excluding food and energy, a key measure of underlying inflation tracked by the […]

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