consumer price inflation

Peter Schiff, a well-known gold bull, recently challenged Jerome Powell’s claim that inflation is a consequence of consumer expectations, highlighting the role of excessive government spending and deficits. What Happened: On Tuesday, Schiff took to Twitter to question Federal Reserve Chair...

Major Wall Street indices closed mixed on Monday ahead of the release of the consumer price inflation data on Tuesday. Market participants are also awaiting the outcome of the meeting between President Joe Biden and House Speaker Kevin McCarthy in regard to the debt ceiling crisis. The Nasdaq...

Gold prices rose on Monday as the dollar declined slightly with investors bracing for the release of the consumer price inflation data on Tuesday that will pave the way for the Federal Reserve's future monetary policy. What Happened: Spot gold was trading 0.36% higher near the $2,023 per ounce...

Chris Harvey, head of the equity strategy at Wells Fargo Securities, reportedly expects the S&P 500 to see a 10% correction in the next three to six months, dragged by worsening economic conditions. What Happened: "In our view, equity downside will be driven by worsening economic conditions, a...

Former Pimco chief economist Paul McCulley believes the Federal Reserve is likely to hold its rate hike cycle during its upcoming policy meet in May and said he disagrees with where the Fed funds futures are priced. What Happened: "I don’t think that the street at large, my old economic...

Federal Reserve Bank of Chicago President Austan Goolsbee believes during moments of financial stress, the right monetary policy is to maintain caution, watchfulness and prudence. What Happened: "And I don’t say that because I think we should stop prioritizing the fight against inflation just...

Major Wall Street indices closed mixed on Tuesday as investors and traders remained cautious ahead of the release of the consumer price inflation data on Wednesday. What Happened: Markets witnessed some relief after Chicago Fed President Austan Goolsbee warned the Federal Reserve needs to be...

Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said though there have been tremors that impacted the banking system, a banking crisis is definitely out of the picture. What Happened: “First of all, we are not in a banking crisis. We are nowhere near a banking...

Moody’s Analytics Chief Economist Mark Zandi opines the Federal Reserve should pause the rate hike cycle, given the moderating inflation and easing labor market conditions, but said a rate cut is out of question unless the economy goes into a recession. What Happened: "If I were king, I would...

Federal Reserve Bank of New York President John Williams reportedly said on Monday that he doesn't think the pace of rate hikes caused the crisis at the two banks back in March. What Happened: The vice-chairman of the Federal Open Market Committee was referring to the failures of Silicon Valley...

U.S. markets closed mixed on Monday as investors and traders commenced the week on a cautious note ahead of the release of the consumer price inflation data on Wednesday that will decide the course of the Federal Reserve's next policy decision. What Happened: The Nasdaq Composite closed 0.03%...

Japan’s top brokerage Nomura has reportedly projected the Federal Reserve will cut interest rates next week and will halt quantitative tightening as policymakers evaluate financial stability risks in the wake of the Silicon Valley Bank collapse. What Happened: Nomura analysts had earlier...

The financial markets have been swaying to each piece of incoming economic data, given the Fed Reserve’s data dependence in its current rate-tightening cycle. The upcoming week will have more than its fair share of data that could create further volatility in the market, especially as...

Caution returns to Wall Street after Monday’s solid showing by stocks. The index futures point to a higher opening, although sentiment will largely hinge on the January consumer price inflation report due ahead of the market opening. Cues From Monday’s Trading: Bargain...

The stock market has started off 2023 on a positive note, raising hopes of a revival after 2022's dismal showing. What Happened: The S&P 500 Index could rise over 20% this year, going by the rule of first five days, Fundstrat’s head of research Tom Lee tweeted on Tuesday. When the S...