All Posts Tagged With: "fed"
US Inflation Rate Surges
US consumer price inflation rose at its fastest rate since November 2007 as oil and energy costs continue to soar.
The US Labor Department said prices increased by 0.6% in May, a higher increase than forecast.
John Mauldin examines the causes of inflation in in Outside the Box…
Eurozone Inflation Highest for 16 Years
Eurozone inflation measured 3.7% year-on-year in May, the highest rate for 16 years, reports Bloomberg. This increases the likelihood of an interest rate hike by the ECB in July, putting more downward pressure on the US dollar.
Money Morning’s William Patalon III discusses how rising inflation is dominating the news on both sides of the Atlantic:
Undoubtedly, a universal theme is emerging at the Fed and other world central banks: Inflation, Inflation, Inflation.
Whip Inflation Now
Whip Inflation Now…Where Can We Get Help on Inflation?…The Patient Died Anyway…Inflation in Asia and Europe…There Are No Good Solutions
Talking the Dollar Higher
Can you talk a currency into gaining value? It seems Fed Chief Ben Bernanke and European Central (ECB) President Trichet think so. They’ve been telling anyone who will listen how serious they are about fighting the inflation monster that would cheapen their currencies.
Questioning The Fed’s Rhetoric
More dollar strength… Retail Sales surprise… SARB raises rates! Gold on the slippery slope…
Dollar Rallies on Sales Surprise - Euro Undercut on ECB Comments
In the currency market, the dollar rallied against the euro. Late Thursday, the euro was trading at $1.5421 vs. $1.5548 on Wednesday. The buck was supported by better-than-expected retail sales, which boosted expectations for a Fed rate hike.
Precious Metals take it on the Chin Again - Interest Rate Uncertainty Driving Market
Gold declined from the far East into the first hour of the New York session on Thursday, bottoming at $857 before rallying after the noon hour to finish at $868.40/oz., down $11.70. Overnight, gold has fallen off further.
BusinessWeek: 95% Chance of US Recession
There is a 95% chance that the US economy will enter a recession, according to a report in BusinessWeek magazine.
Jennifer Yousfi in Money Morning gives some background and examines strategies for recession proof investing:
U.S. Federal Reserve policymakers cut the benchmark interest rate by less-than-expected three-quarters of a percentage point at their last meeting, a move that was designed to energize a badly flagging economy without causing inflation to spike or exacerbating the greenback’s decline.
The U.S. Economy’s Uncertainty Brings Opportunity for Investors in the Months to Come
With a wheezing economy that’s struggling with housing and credit problems - as well as a weak dollar - it’s clear the United States won’t be in the investment spotlight this year.
Jobs Jamboree Friday!
Trichet talks tough! Kohn sends warnings… The currencies bounce back! Will the BLS create ghost jobs?
Latest News
- Expect Global Inflaiton to Push Gold to $2,2002:25pm CDT
- Another ECB Rate Hike Will Kill the Dollar2:02pm CDT
- BRICs Crumbling Under Weight of Inflation10:51am CDT
- Food Producers Fail to Benefit from Spike in Market Prices10:23am CDT
- European Bank Stocks Rise on Improved Outlook9:34am CDT
- Crude Oil Prices Hit $146… Who’s to Blame?9:18am CDT
- UBS Shakes Up Board Ahead of ‘Likely’ IRS Probe11:41am CDT
- Iraq Seeks Foreign Investment to Rebuild Energy Sector10:37am CDT
- CIT Group Offloads Home Mortgage Business10:28am CDT
- The Decline and Fall of the American Empire9:16am CDT
- Gas Prices Remain High for Fourth of July Weekend7:49am CDT
- Crude Oil Prices Hit Another Record High Above $1401:26pm CDT
- Speculators Are to Blame for Sky-High Crude Oil Prices12:59pm CDT
- Gold Soars on Iran Attack Fears11:38am CDT
- Stimulus Checks Give One-Off Boost to Consumer Spending11:31am CDT
- Brazilian Industrial Output Slows11:14am CDT
- Qatar Sovereign Wealth Fund to Invest $8bn in Libya11:11am CDT
- June Slump Leads Dow Into Bear Market9:59am CDT
- Time to Jump In to GM Foods?8:19am CDT