Argentina issues new 2,000-peso banknote worth $11 as inflation soars Inflation levels in the county are some of the worst in the world The Independent UK · Feb 4, 2023
Shoppers make the switch to 'high-end' supermarket claiming they're saving big money Food inflation hit a record high last month, but as supermarket prices continue to soar some shoppers claim that switching to a 'high-end' supermarket has actually saved them money Daily Mirror · Feb 4, 2023
Is This the End of the 2023 Market Rally? On Wednesday, the Federal Reserve announced a 25-basis point rate hike, a smaller increase than what we grew accustomed to in 2022. Inflation appeared to be moving back into a controlled place. The S&P 500 (SPY) cheered and continued to rally, leading to one of the strongest starts to the… StockNews.com · Feb 4, 2023
State of the Union: Biden sees economic glow, GOP sees gloom Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with a glowing economic future The Independent UK · Feb 4, 2023
Inflation is wreaking havoc on the American middle class and 8 out of 10 say they are spending their savings just to get by Most American middle-income households are cutting back on savings or reaching into their nest egg to keep up with the rising cost of living. Fortune · Feb 4, 2023
Markets are surging as fears about the economy fade. Why the optimists could be wrong The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears. WEKU · Feb 4, 2023
Europe in Crossfire of US-China Economic Rivalry The economic confrontation between the United States and China has put Europe in the crossfire, with Washington's plan to boost green industries threatening to cause collateral damage to a key ally. The United States has adopted the Inflation Reduction Act (IRA), which contains $370 billion in sweeping investments, subsidies and… Asharq Al-Awsat · Feb 4, 2023
2 High-Flying Growth Stocks to Buy Now As inflation continues to ease, the Fed recently raised interest rates by 25 bps, lower than its December hike of 50 bps. With the continued slowdown in rate hikes and the economy moving in the right direction, a soft landing for the economy looks increasingly possible to most analysts. Hence,… StockNews.com · Feb 3, 2023
January’s ‘eye-popping’ jobs report is going to make the Fed’s inflation battle even harder “Unless this labor market strength turns out to be a one-month blip…the Fed is likely to dig in and keep rates higher for longer,” BMO Wealth Management’s chief investment strategist, Yung-Yu Ma, said. Fortune · Feb 3, 2023
2 Nasdaq Stocks to Buy Like There's No Tomorrow After a brutal sell-off last year, the Nasdaq Composite index has started this year on a positive note. Moreover, easing inflation and the Fed’s smaller rate hike have rekindled optimistic market sentiments. Given this backdrop, investors should buy fundamentally sound Nasdaq stocks PepsiCo (PEP) and Comcast (CMCSA) like there’s no… StockNews.com · Feb 3, 2023
US envoy to EU 'convinced' Ukraine will win 'with the weapons we're providing' Talking Europe hosts Mark Gitenstein, the US ambassador to the EU and a close confidant of President Joe Biden since the 1970s. Gitenstein took up his position in Brussels a year ago, and it proved to be a baptism of fire, with the war in Ukraine starting just a few… France 24 · Feb 3, 2023
Managing inflation is now crucial for the future of economy and society After being disregarded for so long, managing inflation will be hugely important to the future of the UK’s economy and society Birmingham Post · Feb 3, 2023
An unexpected job surge confounds the Fed's economic models Does the Federal Reserve have it wrong The Independent UK · Feb 3, 2023
Students in England face ‘negative impact’ from refusal to tie loans to inflation, admits DfE Raising maintenance loans by only 2.8% means students will have to cut back on food and books, says report The Guardian - UK · Feb 3, 2023
France 24 · Feb 3, 2023 Countering US subsidies: Is a 'Made in Europe' investment plan realistic? For months, European leaders have sought a united response to the US Inflation Reduction Act, or IRA. That plan, announced by the White House last year, favours American-made climate technology through subsidies and tax credits. But EU chiefs say the policy discriminates against Washington's closest partner, Europe. The panelists in…
Chicago Sun-Times · Feb 3, 2023 US adds a surprisingly strong 517,000 jobs despite Fed hikes January’s gains were broad-based across industries. A category that includes restaurants and bars added 99,000 jobs. Professional and business services jobs, including bookkeepers and consultants, rose by 82,000.
Reason · Feb 3, 2023 House Republicans Vote Ilhan Omar to Foreign Affairs Committee Just To Kick Her Off the Next Day Plus: Judge strikes down Super Bowl censorship law, report details how much inflation was driven by stimulus spending, and more...
StockNews.com · Feb 3, 2023 The 5 Best Stocks to Invest $1,000 in Right Now Improving investors’ sentiments amid the cooling inflation and moderating interest rate increases helped the stock market to surge in recent weeks. Moreover, the IMF raised its world economy growth forecast. Given the rising optimism, AbbVie (ABBV), Vertex Pharmaceuticals (VRTX), Murphy (MUSA), MasterCraft Boat (MCFT), and PrimeEnergy Resources (PNRG) might be…
StockNews.com · Feb 3, 2023 3 Smart Stocks to Buy for a Potential Recession Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…
The Guardian - US · Feb 3, 2023 US adds 517,000 jobs in January in huge gain for labor market Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation
StockNews.com · Feb 3, 2023 2 Sorry Stocks to Sell in February Although moderating inflation has raised investor confidence, the Fed has signaled its intention of further rate hikes. Moreover, with recessionary fears looming, the stock market could be volatile for a while. Against this backdrop, fundamentally weak stocks Advanced Micro Devices (AMD) and Rivian Automotive (RIVN) might be best avoided now.…
The Guardian - UK · Feb 3, 2023 Bank of England must not push interest rates too high, its chief economist says Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds
StockNews.com · Feb 3, 2023 3 Stocks for Long-Term Investors to Buy in 2023 As inflation shows signs of cooling, the Fed has significantly slowed its aggressive rate hike policy. Moreover, given a tight labor market, experts believe the economy might avoid a recession. Amid the rising optimism, we think quality stocks Merck (MRK), PepsiCo (PEP), and Limbach (LMB) are ideal buys for long-term…
The New Daily · Feb 3, 2023 Wages will still lag inflation in 2023, even as pay packets get fatter Wages are expected to continue rising this year, but real wages are expected to fall – experts explain why.
Asharq Al-Awsat · Feb 3, 2023 Türkiye Inflation Higher than Expected at Nearly 58% Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favorable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, nearly twice a…