Record Inflation Will Jack up the Price of Your Next Phone

Dec 2, 2022

U.S. Sen. Todd Young (R-ID) references a chart on rising costs during a press conference on inflation, at the Russell Senate Office Building on February 16, 2022 in Washington, DC Photo: Kevin Dietsch (Getty Images) If you’re already struggling with pain at the pump and rising prices of everything from ramen to rent , buckle up for some more unpleasant news. The fastest inflation increase in four decades means a year of pricier phones, laptops, and other gadgets as well. Whil ...read more

Inflation spirals to 8.5%, no surprise according to the Federal Reserve Bank of Cleveland - Kitco NEWS

Dec 2, 2022

Hawaii Six O - Gary Wagner Kitco Commentaries | Opinions, Ideas and Markets Talk Featuring views and opinions written by market professionals, not staff journalists. Today the BLS (Bureau of Labor Statistics) released its CPI inflation report for March 2022. The report showed that inflation had risen to 8.5% when compared to the inflation level in March 2021. When compared to month-over-month levels, inflation rose 0.6% as February's level of inflation came in at 7.9 ...read more

Take Five: Q2 to test resilient stocks, peak inflation - Reuters

Apr 23, 2022

An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com April 1 (Reuters) - As the second quarter gets underway, the biggest question is when soaring inflation will finally peak. Federal Reserve minutes and a Reserve Bank of Australia meeting will provide insights on rate setters' thinking. Resilience in stocks and Russia's rouble could be put to the test. Here's ...read more

Appearing This Year at the Masters: Azaleas, Green Jackets and Inflation

Apr 23, 2022

Famously low concession prices increased a bit, injecting a small dose of the real world at Augusta National Golf Club. Spectators visited the concession area during a practice round at Augusta National Golf Course in Georgia. Credit... Doug Mills/The New York Times April 6, 2022 Sign up for the On Golf Newsletter.   Our analysis of the biggest tournaments, story lines and athletes in golf, delivered daily during the Mast ...read more

Gold price at daily highs as inflation accelerates to 8.5% in March - Kitco NEWS

Apr 23, 2022

(Kitco News) Gold traded at daily highs and tested the $1,975 an ounce level after inflation in the U.S. hit a new four-decade high in March, accelerating to 8.5% from a year earlier. The U.S. Consumer Price Index (CPI) print of 8.5% was even higher than the market expectations, which called for price pressures to rise to 8.4%. The most recent data follows February’s 7.9% annual gain. Core inflation, which strips out volatile food and energy costs, accelerated to 6.5% from a year ago, sur ...read more

Colbert on Biden’s gas price plan: ‘still not enough to save the Democrats’

Apr 23, 2022

Show caption Stephen Colbert on the highest inflation rate in the US since 1981: ‘You shouldn’t be effected as long as you don’t eat anything, be anywhere, or go any place.’ Photograph: YouTube Late-night TV roundup Late-night hosts discuss inflation, Biden allowing ethanol gas blends to cut prices, and a planned Spirit Halloween store film Guardian staff Wed 13 Apr 2022 16.35 BST Stephen Colbert Stephen Colbert discussed troubling inflation figures released th ...read more

That inflation headache - Reuters

Apr 23, 2022

People shop at a supermarket in London, Britain December 24, 2021. REUTERS/Kevin Coombs Register now for FREE unlimited access to Reuters.com A look at the day ahead in markets from Dhara Ranasinghe. Data this morning showing British inflation rose to a new 30-year high of 6.2% last month, is a reminder perhaps that tackling price pressures could require more not less monetary tightening. read more While the Bank of England raised rates again last week to curb inflation, it soften ...read more

What Russia's default on foreign debt means

Apr 23, 2022

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Fed hikes interest rates, battles inflation - Reuters

Apr 23, 2022

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EMERGING MARKETS-Latam FX to snap 5-week winning streak, Peru sol lifted by rate hike - Reuters.com

Apr 23, 2022

* Peru c.bank hikes interest rate to 13-year high * MSCI Latam FX index heads for 0.4% weekly fall * Brazil March inflation hits in 28-year high * Chile March inflation surges to highest since 1993 (Updates prices; adds comment, details) By Shreyashi Sanyal and Anisha Sircar April 8 (Reuters) - Latin American currencies were set for their first weekly decline in six on Friday as the dollar strengthened on worries of aggressive Federal Reserve action, while Peru's sol was supported by a sharp i ...read more

Brazil should keep inflation targets despite shocks, says central bank nominee - Reuters Canada

Apr 23, 2022

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Brazil should keep inflation targets despite shocks, says central bank nominee - Reuters Canada

Dec 2, 2022

Register now for FREE unlimited access to Reuters.com BRASILIA, April 5 (Reuters) - Diogo Guillen, who was nominated to the board of Brazil's central bank, said on Tuesday that it seems appropriate to keep the government's current inflation targets despite recent price shocks, stressing that policymakers already forecast inflation close to target next year, on its relevant policy horizon. Guillen, tapped to be economic policy director for the central bank, was addressing the economic affa ...read more

(VIDEO) Could Record Inflation and Interest Rate Hikes Lead to Recession?

Dec 2, 2022

    Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee ...read more

(VIDEO) Could Recent Inflation Lead to Recession?

Dec 2, 2022

    Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee f ...read more

Biden Plan Would Release a Million Barrels of Oil a Day From Reserve

Dec 2, 2022

March 30, 2022, 9:37 p.m. ET March 30, 2022 March 30, 2022 A Strategic Petroleum Reserve site in Texas. Credit... F. Carter Smith/Polaris, for The New York Times WASHINGTON — President Biden is considering a plan to release one million barrels of oil a day from the Strategic Petroleum Reserve for as long as 180 days, a move that would add a large amount of oil to the global market, according to a person familiar with the Whi ...read more