Fed expected to stick to aggressive rate hikes, strategists say

Market strategists say the Federal Reserve is unlikely to change its aggressive rate hikes, despite positive signs this week that US inflation could ease. On Thursday, the producer price index fell surprisingly 0.5% in July from the previous month, compared to an estimate of 0.2% gain, according to a Dow Jones survey. Year-over-year, the index … Read more

Economy contracts up 0.1% in second quarter

Shoppers walk through the rain on Oxford Street in London. Tolga Akmen/AFP/Getty Images The UK economy contracted in the second quarter of 2022, as the cost of living crisis hit the country. Official figures released Thursday showed gross domestic product (GDP) contracted by 0.1% quarter on quarter in the second three months of the year, … Read more

Argentina raises interest rate by 950 basis points to 69.5%

A man walks past Argentina’s central bank in Buenos Aires on July 4, 2022. Prices rose 7.4% in July, pushing annual inflation up 71% to a 20-year high. Tomas Cuesta | Getty Images News | Getty Images Argentina’s central bank on Thursday raised its benchmark rate by 950 basis points as the country struggles to … Read more

Here the real estate problems in China can spill over

According to Moody’s, China’s real estate sector accounts for more than a quarter of the national GDP. Pictured here is a residential complex under construction on December 15, 2021 in Guizhou Province. Cost photo | Future publication | Getty Images BEIJING — China’s real estate problems could spill over into other major sectors if the … Read more

Disney raises prices, but don’t blame inflation this time

Another major US company raises prices again, but this time don’t blame inflation. Disney is increasing the price of its streaming products and indicated that a price increase could also be worked on in its theme parks. On Wednesday, the company said the price of Disney+ without ads will increase by $3 per month to … Read more

July 2022 Producer Price Index: Wholesale inflation down 0.5%

Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed inflation, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures received prices for products against final demand, fell 0.5% from June, the first month-to-month decline since April 2020, the month after Covid-19 … Read more

China’s trade restrictions on Taiwan after Pelosi visit are a drop in the ocean

Beijing’s new trade blockades against Taiwan affect about 0.04% of their mutual trade, making them more political than economic. Beijing took action against Taiwan after US House Speaker Nancy Pelosi visited the island earlier this month, despite warnings from Beijing. That included suspensions of imports of Taiwanese citrus, frozen fish, sweets and biscuits and exports … Read more

How to save on groceries amid food price inflation?

Just go to the supermarket to feel the effects of inflation. While inflation generally began to decline last month along with gas prices, food costs rose 1.1% in July, bringing year-over-year gains to 10.9%, according to the latest figures from the United States. Consumer price index. The food-at-home index, a measure of supermarket price changes, … Read more

Consumer prices rose 8.5% in July, less than expected as inflationary pressures ease somewhat

Prices paid by consumers for a variety of goods and services rose 8.5% in July from a year ago, a slower pace than the month before, largely due to a decline in gasoline prices. On a monthly basis, prices were stable as energy prices fell 4.6% overall and gasoline 7.7%. That offset a monthly gain … Read more

The market is on edge for the CPI report that will test the peak inflation thesis

-The market pauses, hesitates, digests, waiting for Wednesday’s CPI figure, right in the border zone between “just another doomed bear market rally” and “possibly the beginning of a real base and continued advance.” -The S&P 500 has now been sideways for eight trading days just below the early June highs, consolidating the strong and broad … Read more