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Tag: inflation

Inflation Is a Bigger Threat Than Recession

A looming recession that will never land There's an old joke: “What's the thing that always comes but never arrives?” The conventional answer is: tomorrow. Well, you could also answer, “Recession.” The only major economic data released on Monday was Conference Board Key Economic Indicators (Ray). This is a predictive measure aimed at predicting economic […]

Viral 2012 Taco Bell Receipt Sparks Fast-Food Inflation Conversation

A 2012 receipt from Taco Bell went viral and sparked a national debate about fast food inflation among customers and employees. A TikTok user named “LovelyOcean” shared the find on Tuesday, showing a faded receipt listing two “Beef 5-Layer Burritos” for just $2.59. Now, just one of our popular burritos costs $3.59. “Can you buy […]

S&P 500 hits a record high after two years of high inflation, recession worries

Wall Street returned to record highs on Friday, ending a tough two-year back-and-forth beset by high inflation and fears of a recession that seemed inevitable but has yet to arrive. The S&P 500, the centerpiece of many 401(k) accounts and the main index used by professional investors to measure the health of Wall Street, rose […]

Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation

U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]

The inflation fight faces a ‘difficult’ last mile

Kevin Mahn, president and CIO of Hennion & Walsh Asset Management, discusses the status of the Fed's fight against inflation on “The Big Money Show” after consumer prices rose more than expected in December. talked about. Inflation has fallen significantly from its 2022 highs, but the last mile to price stability may be the most […]

UK inflation unexpectedly rises despite sharp fall in fuel prices | Inflation

UK inflation unexpectedly rose to 4.0% in December, complicating expectations that the Bank of England would start cutting interest rates. The Office for National Statistics said the annual inflation rate, as measured by the Consumer Price Index (CPI), rose from 3.9% in November, halting the recent sharp decline. Economists in the city had predicted a […]

Fed is within ‘striking distance’ of inflation goal, top official says

Federal Reserve President Christopher Waller said he is “increasingly confident that the central bank's annual inflation target of 2% is within range.” Waller said in a speech at the Brookings Institution that the Fed is on track to cut interest rates this year unless inflation accelerates. Inflation topped 9% in June 2022, well above the […]

Canada inflation expected to rise to 3.3% in December – FXStreet

share: Canada's consumer price index is expected to rise 3.3% year-on-year in December. The BoC has released its Business Outlook Survey (BOS). The Canadian dollar is at a four-week low against the US dollar. Canada is scheduled to release important inflation-related data on Tuesday. Statistics Canada will release the consumer price index (CPI) […]