Key insight: Treasury Secretary Scott Bessent said he believed the recent bout of inflation was temporary and that inflation would ease over time, saying inflation is overall better than it was under former President Biden. Supporting data: Inflation rose by 3.8% in April on an annual basis, due to high energy costs related to the […]
Bessent calls inflation ‘short-term blip’ Read More »
Bloomberg News Processing Content Key insight: As concerns about inflation take center stage for other monetary policymakers, Bowman’s perspective shows that some Fed officials are still willing to consider rate cuts in the near future. Expert quote: “It is appropriate to look through temporarily elevated inflation readings largely due to higher energy prices, provided that
Fed’s Bowman willing to look through war-driven inflation bump Read More »
Key insight: Another key policymaker has made the case that inflation has emerged as the central bank’s primary concern as the war in Iran continues to drive up prices. Expert quote: “After five years of above-target inflation, I am particularly attuned to the risk that elevated inflation will become embedded in price- and wage-setting behavior.
Fed’s Cook ‘prepared to raise rates’ if inflation persists Read More »
Today the Fed hawks killed the doves. On the day Kevin Warsh is sworn in as Fed Chairman, he has lost one of the few doves left on the Fed board: Governor Christopher Waller, whom I would have wanted as Fed chairman. Today, Waller gave a speech about how policy risk has changed and to
New Fed Chair Warsh loses dove as Waller turns hawkish Read More »
Americans may need roughly $2.57 million to retire comfortably by 2043, up sharply from the $1.75 million projected for 2033, according to a 2025 Goldman Sachs retirement survey. The increase reflects years of inflation that have driven up the costs of housing, health care and daily expenses. Households headed by someone 65 or older now
As retirement costs surge, more homeowners turn to their equity Read More »
The prices for goods and services continued to climb month-over-month in April, but at a slower pace than they did in March. In April the Consumer Price Index for all items rose 0.6% from a month prior on a seasonally adjusted basis, according to data released Tuesday by the U.S. Bureau of Labor Statistics. This
April CPI rises 0.6% as annual inflation ticks up to 3.8% Read More »
Key takeaway: Federal Reserve Gov. Michael Barr said rising energy costs — already rising in part due to increased electricity demand from data centers — could be made worse by the Iran war, but how much worse depends on how long the Strait of Hormuz remains closed. Expert quote: “The most immediate effect is a
Fed’s Barr says gas prices could ‘bleed’ into inflation Read More »
Key takeaway: Fed Gov. Stephen Miran said he could now foresee three short-term interest rate cuts instead of four, citing shifts in the underlying composition of headline inflation. Expert Quote: “What’s happened in the last couple of months before the war broke out is that even though headline inflation was going sideways, the underlying composition
Fed’s Miran downplays inflation risks, rethinks rate cuts Read More »
(Bloomberg) — Treasuries fell as quickening inflation stemming from the US war on Iran — and the prospect of escalation — eroded wagers that the Federal Reserve will lower interest rates once this year. Processing Content The rise in yields began in early US trading after the release of consumer prices data for March —
US Treasuries fall as inflation data erode Fed rate-cut wager Read More »
Key insight: Inflation accelerated in March, driven primarily by a surge in energy prices since the onset of the U.S. war in Iran. Supporting data: The Consumer Price Index, a monthly indicator of consumer inflation, rose 0.9% in March and 3.3% year-on-year. Gasoline prices were up 21.2% in March, accounting for three-quarters of the overall
Energy prices drive up inflation to 0.9%in March Read More »