U.S. Federal Reserve Chairman Jay Powell warned U.S. interest rates would peak at a higher level than expected after hiking its main interest…
Tag: macroeconomy
Rampant U.S. inflation has passed the point of no return
According to a new report from Deutsche Bank analysts, rampant U.S. inflation, running at 40-year highs, has passed the point of no return…
Fed mulls historic 100 basis-point interest rate hike to battle rampant U.S. inflation
U.S. Fed may debate a historic one percentage-point rate hike this month following yet another dismal report of rampant U.S. inflation …
Rampant U.S. inflation even hotter than expected, rises 9.1% in June to new 40-year high
The U.S. consumer price index, a broad inflation measure of everyday goods and services, soared 9.1% year-over-year, above even…
Wealthy customers, strong margins will help Apple weather rampant inflation, recession better than rivals
In May, the annual inflation rate in the U.S. was 8.6%, the highest level since 1981. Some other major markets for Apple sales are also…
U.S. consumer sentiment falls to all-time record low
U.S. consumer sentiment deteriorated to the lowest level ever recorded due to rampant inflation, dim prospects for the American economy…
U.S. recession looms, say 70% of economists surveyed
A U.S. recession is all but unavoidable for next year, according to nearly 70% of leading economists in a new survey…
Rampant U.S. inflation accelerated in May to hit 8.6%, highest in 41 years
Rampant U.S. inflation accelerated even further in May, with prices rising 8.6% year over year, marking the fastest increase since 1981…
Stock futures signal more selling on Wall Street as stagflation fears mount
Futures are down again as stark warnings from some of the world’s biggest retailers spotlighted rampant inflation, fueling stagflation fears…
Apple plummets 22% from January peak as tech stock selloff spreads
Apple shares fell on Thursday, with the stock now some 22% below its January peak as a selloff in technology stocks spreads to the…
Apple swoons, Nasdaq falls more than 3% amid historic U.S. inflation
Apple and other U.S. stocks ended sharply lower on Wednesday after historic U.S. inflation data did little to ease investor worries over…
Rampant inflation hits 8.3% in April year over year, remains near 40-year highs
U.S. inflation rose again in April, accelerating to 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40…
Stock futures slip on U.S. Federal Reserve’s hawkish pivot over rampant inflation
Jerome Powell’s speech signaled a hawkish pivot for the central bank in an attempt to more quickly to combat rampant inflation at more than…
U.S. Producer Price Index surges 11.2% in March, highest level on record
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before…
U.S. Inflation hits 40-year high as gas and food prices surge
U.S. inflation accelerated to a new four-decade high in March as rapid price gains wiped out the benefits of rising wages for most Americans…
U.S. stock market swoons ahead of crucial inflation data
The U.S. stock markets closed sharply lower on Monday as rising bond yields weighed on market-leading growth stocks ahead of inflation data…
American consumer sentiment falls to new decade-long low as inflation fears soar
A recent survey by the University of Michigan found that U.S. consumer sentiment fell to a new decade-long low as concerns about inflation …
U.S. inflation rises 7.9% in February, prices hit new 40-year high
Inflation hit a fresh 40-year high in February, largely driven by higher gas prices. The consumer price index climbed 7.9% on an annual…
U.S. wholesale prices jump 9.7% in January, amid the highest inflation in decades
Wholesale prices jumped again in January, up 9.7%. On a monthly basis, prices rose 1% in January fueling the highest inflation in decades…
U.S. inflation rockets 7.5% in January, hits 40-year high
U.S. inflation surged more than expected in January, notching another four-decade high as rapid price gains wiped out the benefits…
America lost 301,000 jobs in January – ADP
Companies cut jobs in January for the first time in more than a year, payroll processing firm ADP reported Wednesday. Private payrolls fell…
Apple CEO Tim Cook: ‘Everybody’s seeing inflationary pressure’
Apple CEO Tim Cook said the company – and everyone else – is seeing inflationary pressure in an interview with CNBC’s Julia Boorstin…
U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation
The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …
Expert: To stop inflation, the Fed would need to hike rates to nearly 6%
Higher interest rates are coming soon from a Federal Reserve behind the curve on inflation. If the Fed really wanted to stop inflation, it…
U.S. inflation surges 7% in December, highest rate in 40 years
U.S. inflation rose at the fastest pace in nearly four decades in December, at a level not seen since since 1982, before President Reagan…
U.S. job growth misses badly, sharply missing economists’ expectation
U.S. job growth faltered in December the Labor Department said in its monthly payroll report released Friday. Payrolls in December rose by…
Wall Street tumbles as investors eye hot inflation data
Wall Street tumbled as the S&P 500 and the Nasdaq each fell more than 1% on Tuesday after hot inflation data showed…
U.S. inflation surges to 39-year high as consumer prices continue to soar
Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from…
Apple resumes sales to Turkey with 25% inflationary price hike
Earlier this week, Apple halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. Now, the…
Apple halts product sales in Turkey amid rampant inflation crisis
Apple has halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. While Apple has not publicly…
Wall Street extends sell-off on fears of long-term high inflation
Wall Street’s main indexes fell on Wednesday as a surge in U.S. consumer prices last month deepened fears that high inflation is here to stay…
U.S. producer price inflation jumps 8.6% YOY in October, matching the largest increase on record
Inflation at the wholesale level jumped 8.6% in October from a year earlier, matching September’s record YOY gain. U.S. inflationary pressure…
U.S. economy falters as GDP slows sharply in Q3, missing expectations; consumers downshift spending
U.S. gross domestic product (GDP) growth sharply decelerated to an 2% annualized rate in the third quarter, down from a 6.7% rate in the…
Dow Jones drops as U.S. inflation heats up
The Dow Jones Industrial Average dropped 200 points Wednesday, as a key inflation gauge came in higher than expected…
Weekly U.S. jobless claims rise more than expected
The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended September 25th, according…
U.S. stock futures drop ahead of jobless claims amid economic recovery worries
U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as worries over slowing economic growth were a drag…
U.S. job creation for August was a huge disappointment, sharply misses expectations
U.S. job creation for August was a huge disappointment with non-farm payroll growth in August increased by just 235,000 vs. expectations…
ADP U.S. unemployment report misses badly, with only 330,000 jobs added amid inflation concern
Private payroll firm ADP’s U.S. unemployment report on Wednesday revealed that employers added a disappointing 330,000 jobs in July…
U.S. consumers suffered a ‘stunning loss of confidence’ in early August
The University of Michigan’s gauge of U.S. consumer confidence plunged to a “stunning loss of confidence” with a preliminary August…
U.S. GDP well below expectations; unemployment claims higher than expected
U.S. GDP (Gross Domestic Product) – the broadest measure of economic performance – came in well below expectations…
S&P 500, Nasdaq weighed down by inflation worries
The S&P 500 dipped on Thursday as a slew of economic data showing a post-COVID-19 “V-shaped” recovery accelerated fears of rising inflation…
Wall Street rebounds on upbeat U.S. economic data ahead of Apple earnings
U.S. stocks advanced on Thursday as upbeat U.S. domestic economic data eased concerns about surging COVID-19 cases…
