Inflation Won’t Be “Tamed” by Fed Rate-Hike Efforts Says Credit Suisse

Sep 30, 2022

Inflation Won’t Be “Tamed” by Fed Rate-Hike Efforts Says Credit Suisse Isaac Nuriani    | Apr 8, 2022 Banking giant says interest rates should be much higher to effectively confront rising prices. Retirement savers should consider strategies to help mitigate a loss in purchasing power. Listen to the Article Digest Your browser does not support the audio element. Three weeks ago, the U.S. Federal Reserve raised interest rates for the first time in more than three y ...read more

Analysis: This could be the new sneaky big issue of the 2022 election

Sep 30, 2022

(CNN)With all the focus of late on inflation and its impact on the coming midterm elections, we may be overlooking another issue gaining traction among the American public: immigration. More than 4 in 10 Americans told Gallup in March that they have a "great deal" of worry about "illegal immigration," which is how the firm framed the issue in its survey. That number, which was consistent with Gallup's polling last year as well, is on the high end of their survey findings on the issue over t ...read more

CANADA STOCKS-TSX edges up on gains in financial, industrial stocks - Reuters

Sep 30, 2022

(Adds details, updates prices) April 14 (Reuters) - Canada’s main stock index gained on Thursday, led by financials and industrial stocks, in a holiday-shortened week that saw the Bank of Canada raise rates to tame inflation. At 9:48 a.m. ET (13:48 GMT), the Toronto Stock Exchange’s SP/TSX composite index was up 40.13 points, or 0.18%, at 21,878.15. The index ended 0.6% higher on Wednesday after the central bank’s widely anticipated interest rate hike. The financials sector and the indust ...read more

A “Housing Shortage” amid a Building Boom that Outruns Household Growth?

Sep 30, 2022

Something Has to Give. By Wolf Richter for WOLF STREET. Builders started construction on 147,400 privately owned housing units of all types in March, the biggest March since 2006. Housing starts are very seasonal and peak in the summer. This included: 99,100 single-family houses, which was below March 2021 (102,800 houses), but both were the biggest March housing starts since 2007. 46,700 units in buildings with 5+ units, such as rental apartments and condos. This was the biggest month ...read more

Global Food Price Index Makes a Giant Leap to New Record High in March

Sep 30, 2022

Data from FAO, chart by Mish Year-Over-Year Percent Change  Data from FAO, chart by Mish Giant Leap to New High The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities.  It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. The index makes a giant leap to another all-time high in March FFPI Det ...read more

America’s culture wars distract from what’s happening beneath them | Gary Gerstle

Sep 30, 2022

Show caption ‘Just beneath this cultural polarization, however, lay a fundamental agreement on principles of political economy’ Photograph: REX/Shutterstock Opinion When it comes to economic questions, there’s more agreement between culture war opponents than you might think The neoliberal order that triumphed in America in the 1990s prized free trade and the free movement of capital, information, and people. It celebrated deregulation as an economic good that resulted ...read more

Amazon hits US sellers with a 5 percent fuel and inflation surcharge

Sep 30, 2022

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PRECIOUS-Gold hits over 1-week high on Ukraine, inflation worries - Reuters.com

Sep 30, 2022

(Updates prices) * SPDR gold holdings highest in over a year * Fed remains behind curve in inflation fight - analyst * Silver rises more than 2% By Brijesh Patel March 24 (Reuters) - Gold rose to a more than one-week high on Thursday as concerns over soaring prices and uncertainty surrounding the war in Ukraine lifted bullion's appeal as a safe-haven and an inflation hedge. Spot gold was up 1% at $1,963.21 per ounce at 1:48 p.m. EDT (1748 GMT), its highest level since March 14. U.S. gold futur ...read more

Senior Gold IRA Portfolio Diversity – Augusta Precious Metals Report Launched

Sep 30, 2022

What is the expected gold price in 2025? Gold prices have surged 18+% in the first quarter of 2022. Many financial experts such as Goldman Sachs predict gold will increase another 250% which translates to $5,000 over the next three years. The major driving factors for the favorable forecast for the gold hinge on the massive amounts of uncirculated money printed over the past two years monetary and fiscal policies from the federal reserve bank, congress, and the white house. In addition, Chin ...read more

Jackson Confirmation Aside, G.O.P. Sees an Opening With Black Voters

Sep 30, 2022

With inflation, war and the pandemic looming larger, Democrats who hope that the browbeating of Ketanji Brown Jackson will rally Black voters behind their candidates may be disappointed. Judge Ketanji Brown Jackson listened as Senator Ted Cruz, Republican of Texas, spoke during her confirmation hearing. Credit... T.J. Kirkpatrick for The New York Times April 8, 2022 Sign Up for On Politics, for Times subscribers only.  ...read more