By The US government is spending around $5.2 billion each day, according to one Bank of America estimate.AP Photo/J. Scott ApplewhiteThe US hasn’t killed all of the inflationary pressures in the economy, Morgan Stanley’s Jim Lacamp said.The bank’s investing senior VP pointed to the government’s rapid pace of spending.The downtrend in the CPI is likely…
By How flush consumers feel financially at this point will help determine how good this holiday season is for retailers and the economy overall. Recent data sheds some light on this: Average hourly earnings have increased 4% over the last year, whereas prices increased only 3.1%. While that means that folks are gaining purchasing power,…
By Despite the fact that markets were 90%+ certain that the Fed was done hiking, both the equity and fixed-income markets were surprised that the hawkishness, that had been so prevalent for the past 18 months, had completely disappeared. We were surprised, too! The dovish policy statement and Chair Powell’s demeanor complemented each other. We…
By For the last three years, the US and Europe have struggled with a specter unseen for a generation – inflation. Now it looks like the phantom may finally be fading.This week the US Federal Reserve, European Central Bank and the Bank of England all held interest rates steady and cautiously signaled that the fight…
By Grant, founder and editor of Grant’s Interest Rate Observer.Brendan McDermid/ReutersWall Street guru Jim Grant told Fox Business Network inflation is “permanent.”Grant said the Fed is likely to cut rates later rather than sooner.Grant has been the editor of “Grant’s Interest Rate Observer” for the past four decades.Market watchers expecting the US Federal Reserve to cut interest…
By CBS News poll finds Americans feel inflation’s impact on living standards, opportunities – CBS News Watch CBS News Inflation’s impact may even go beyond the immediate pressure on Americans’ pocketbooks, to a larger sense that it is stifling opportunity in America and the deeper sense that the nation’s economic troubles of recent years have…
By More From ForbesDec 6, 2023,08:00am ESTOil And Gas On The Run: Will You Ride The Coattails?”,”scope”:{“topStory”:{“index”:2,”title”:”Oil And Gas On The Run: Will You Ride The Coattails?”,”image”:”https://specials-images.forbesimg.com/imageserve/6553c3ec37fa4df211d61b49/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Dec 5, 2023″,”hourMinute”:”09:04″,”amPm”:”am”,”isEDT”:false,”unformattedDate”:1701785099824},”uri”:”https://www.forbes.com/sites/fredhubler/2023/12/05/oil-and-gas-on-the-run-will-you-ride-the-coattails/”}},”id”:”4qcnmc98k3e400″},{“textContent”:”Dec 5, 2023,08:00am ESTThe Center for Art Law Report on Anti Money Laundering and Art Review”,”scope”:{“topStory”:{“index”:4,”title”:”The Center for Art Law Report on Anti Money Laundering and Art…
By Hiroshi WatanabeBy Michael Pensky, CFA; Tom Becker “State Farm and Allstate Exit California;” “Farmers becomes latest company pulling out of Florida;” “In Louisiana, more than 20 companies have shut down or left the state.” Newspaper headlines like these have appeared with disconcerting regularity in 2023. They call to mind the last large disruption to…
By Housing costs played a large role in the new figures being much higher than the official inflation rate (PA) (PA Wire)Average household costs are rising by 8.2%, much faster than the ONS and Bank of England’s headline measures of inflation, according to new ONS figures that the Government stats bureau said more closely “reflect…
By More From ForbesDec 2, 2023,10:21am ESTA Wild Ride Through The Halls Of Power In Washington”,”scope”:{“topStory”:{“index”:2,”title”:”A Wild Ride Through The Halls Of Power In Washington”,”image”:”https://specials-images.forbesimg.com/imageserve/656a3524ae5a4fe8874c6203/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Dec 1, 2023″,”hourMinute”:”02:45″,”amPm”:”pm”,”isEDT”:false,”unformattedDate”:1701459927818},”uri”:”https://www.forbes.com/sites/gracemarieturner/2023/12/01/a-wild-ride-through-the-halls-of-power-in-washington/”}},”id”:”5p2o180ija2k00″},{“textContent”:”Dec 1, 2023,06:30am ESTThis Is The Only Way To Save Healthcare In The U.S.”,”scope”:{“topStory”:{“index”:4,”title”:”This Is The Only Way To Save Healthcare In The U.S.”,”image”:”https://specials-images.forbesimg.com/imageserve/656961cab8118772be2aadfe/290×0.jpg?cropX1=0&cropX2=1919&cropY1=0&cropY2=1079″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Dec 1, 2023″,”hourMinute”:”06:00″,”amPm”:”am”,”isEDT”:false,”unformattedDate”:1701428400000},”uri”:”https://www.forbes.com/sites/steveforbes/2023/12/01/this-is-the-only-way-to-save-healthcare-in-the-us/”}},”id”:”34i1dcgi1n7g00″},{“textContent”:”Nov 30, 2023,11:57pm ESTNikki…