Economics Archives - Page 16 of 276

2 minute read

Gold Bull Peter Schiff Says Inflation Headed ‘Far Higher’ As Powell ‘Refuses To Acknowledge’ Policy Mistake During COVID-19

May 15, 7:50 AM

Schiff is in the camp of economists who see no respite in pricing pressure, blaming the Federal Reserve for the current predicament.

TIP

4 minute read

Wall Street Futures Pause As April Inflation Worries Eclipse Meme Stock Mania 2.0: Why This Analyst Bets May Will Be ‘Strong Month’

By Shanthi Rexaline

May 15, 7:08 AM

U.S. stock futures were flat Wednesday morning as investors awaited a crucial report on consumer prices.

AMC

2 minute read

Don’t Panic Yet! Ahead Of Key April Inflation Data, Economist Points To Charts That Hint At ‘Some Good News’ — ‘Fed Beige Book Nailed This’

By Shanthi Rexaline

May 15, 5:03 AM

The Federal Reserve's focus on bringing inflation down to its 2% target has made investors closely watch economic data releases. This week's Consumer Price Index report could provide clues about the future path of interest rates.

TIP

2 minute read

Macro Guru Raoul Pal Says Fresh GameStop-Led Meme Stock Frenzy Has Nothing To Do With Interest Rates: ‘Clock Is Ticking On The 25-40-Year-Olds’

By Shanthi Rexaline

May 15, 3:12 AM

The Fed funds rate, a key benchmark impacting borrowing costs, currently sits at a 22-year high of 5.25%-5.50%.

AMC

2 minute read

Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What’s Driving Markets Tuesday?

By Piero Cingari

May 14, 1:58 PM

Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York.

AMC

3 minute read

Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally

By Piero Cingari

May 14, 1:24 PM

President Biden announces new tariffs on Chinese goods to protect American economy and domestic jobs. Also aims to counteract subsidized production.

FCEL

3 minute read

Fed Chair Powell Signals Patience In Rate Policy, Labels Producer Inflation Data As ‘Mixed’

By Piero Cingari

May 14, 12:03 PM

Jerome Powell reinforces U.S.monetary policy to maintain current rate, dismissing risks of new hikes. Praising strong labor market, progress on inflation.

GLD