Fed’s Favored Inflation Gauge Cools To 2-Year Lows: Strong Spending Keeps Fed Rate Bets Steady Inflation statistics keep pointing to a gradual decrease in price pressures across the economy Zenger · Jul 28, 2023
How Chicago nonprofits are stepping in to fill students’ backpacks with school essentials Inflation is coming down, but families are still feeling a squeeze, so national and local human services agencies are prepared for more back-to-school backpack giveaways to meet the need. Chicago Sun-Times · Jul 28, 2023
Bidenomics’ critics are being proven wrong. Happy days are here again How has the U.S. economy proven so resilient? Partly due to Bidenomics, write Yale's Sonnenfeld and Tian. Fortune · Jul 28, 2023
Faraday Future Intelligent Electric (FFIE) and Electrameccanica Vehicles (SOLO): Buy, Hold or Sell? The electric vehicle (EV) market is growing amid the worldwide clean energy drive. However, while the Fed tightens the monetary policy to bring down inflation to its target level, should you Buy, Hold or Sell Electrameccanica Vehicles (SOLO) and Future Intelligent Electric (FFIE)? Keep reading. StockNews.com · Jul 28, 2023
Tech Companies More Optimistic on U.S. Economy With nearly half of the stocks in the Nasdaq 100 Stock Index ($IUXX ) (QQQ ) having reported Q2 earnings, more and more company executives are optimistic about a soft landing for the U.S. economy. According to a Bloomberg analysis, tech executives are less frequently using words like headwinds, inflation,... Barchart · Jul 28, 2023
Stocks Gain as Bond Yields Fall on Signs of Cooling Inflation What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.52%. Stocks this morning are moderately higher after key measures... Barchart · Jul 28, 2023
Around the world in seven carts: how people shop for groceries internationally Wealthy nations have been hit by inflation but the way this has changed grocery shopping culture – and governments’ responses – vary The Guardian - AU · Jul 28, 2023
Small Businesses See Glimmers of Hope Amid Struggles: Kiplinger Economic Forecasts Small businesses are hopeful about the direction of the economy, but challenges such as inflation and finding qualified candidates remain. Kiplinger · Jul 28, 2023
Former US Federal Reserve chair to lead Bank of England review on economic forecasts Ben Bernanke, the former chairman of the U.S. Federal Reserve, will lead a review of the Bank of England’s economic forecasting amid concern that inaccurate predictions about growth and inflation hampered the central bank’s efforts to combat Britain’s cost-of-living crisis The Independent UK · Jul 28, 2023
An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs The Independent UK · Jul 28, 2023
Air France-KLM reports bumper profits as French economic growth rises Air France-KLM has announced it has doubled its year-on-year net profit in the second quarter of 2023 to €604 million, benefiting from high demand in air travel despite rising inflation which has increased costs. Radio France Internationale · Jul 28, 2023
Big UK lenders cut fixed mortgage deals in sign rates may be close to peaking Moves by Nationwide, HSBC and TSB come after fall in inflation eases fears over future interest rate rises The Guardian - UK · Jul 28, 2023
Americans love everything about their lives—except for their salaries While inflation is ebbing, Americans are still feeling the pinch. Fortune · Jul 28, 2023
How to boost your finances with passive income High inflation and rising interest rates may force many households to consider ways to generate extra income to cope with the rising cost of living. The Week · Jul 28, 2023
Barchart · Jul 28, 2023 S&P Futures Climb Ahead of Key U.S. Inflation Data, Intel Surges on Upbeat Earnings September S&P 500 futures (ESU23) are trending up +0.46% this morning as market participants braced for a reading on the Federal Reserve’s preferred inflation gauge.
Barchart · Jul 28, 2023 S&P Futures Tick Higher Ahead of Key U.S. Inflation Data, Intel Surges on Upbeat Earnings September S&P 500 futures (ESU23) are trending up +0.35% this morning as market participants braced for a reading on the Federal Reserve’s preferred inflation gauge.
The Independent UK · Jul 28, 2023 Stock market today: Asian shares mixed, Tokyo falls as Bank of Japan adjusts bond purchase policy Asian shares are mixed after the Bank of Japan adjusted its bond purchase policy but kept its negative benchmark interest rate unchanged
The Independent UK · Jul 28, 2023 August dates for DWP cost of living payments, benefits and pensions Food inflation lodged at 18.4 per cent, ONS warns, but supermarkets expect prices to begin to fall
Barchart · Jul 27, 2023 Is UnitedHealth Group a Good Dow Stock to Buy Now? Healthcare stocks, such as UnitedHealth Group, can provide investors with stability. Though it has underperformed in 2023, now could be a good time to scoop up shares of UNH.
StockNews.com · Jul 27, 2023 2 Financial Stocks to Add to Your Portfolio, 1 to Keep Watching While interest rates are anticipated to remain high as the Fed tackles inflation, the financial industry could benefit from increased profit margins during this time. Therefore, it could be worth buying fundamentally strong financial stocks OneMain Holdings (OMF) and EZCORP (EZPW). One could also keep a lookout for Capital One…
The Guardian - UK · Jul 27, 2023 ECB urged to pause interest rate rises amid recession fears Central bank raised rates by 0.25 percentage points in attempt to bring inflation down
WEKU · Jul 27, 2023 What my $30 hamburger reveals about fees and how companies use them to jack up prices New fees are being tacked onto hotel bills, airfare, restaurant checks and pretty much everywhere else. It's another form of inflation and it's costing consumers $65 billion a year.
Evening Standard · Jul 27, 2023 ECB raises interest rates again, with traders divided on if it’s last hike It was the ninth consecutive rate increase for the central bank for the Eurozone as it attempts to bring inflation back under control
Zenger · Jul 27, 2023 Federal Reserve Resumes Tightening Efforts, Raises Interest Rates Fed Raises Rates, Cautiously Eyes Inflation, Prompts Market Reaction
The Independent UK · Jul 27, 2023 Stock market today: Asian shares advance after the Federal Reserve raises interest rates Asian shares are mostly higher after the Federal Reserve raised interest rates to their highest level in more than two decades, as expected