Category: S&P 500 index

Why US Citizens Should Not Accept 3 Percent Inflation

July 17, 2023
Business & Marketsconsumer price index (CPI)economic policieseconomyinflationOpinionS&P 500 indexUSViewpoints
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Commentary The recent University of Michigan survey’s reading of one-year inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month. There is a mainstream narrative that is spreading throughout the financial media: We must accept 3 percent…

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Stocks Heading to New Lows as Inflation ‘Ain’t Over’: Bank of America

September 17, 2022
american stock marketBank of AmericaBusiness & Marketseconomyhigh inflationinflationMarketsS&P 500 indexstocksU.S. labor marketUS
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Despite falling for much of the year, the U.S. stock market might decline even further rather than recover due to elevated inflation rates, according to a note by a Bank of America (BofA) strategist. Warning that the “inflation shock ain’t over,” strategist Michael Hartnett highlighted that past bear markets show the average peak-to-trough declines of…

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Taiwan Sees Limited COVID-19 Impact on Economy, Chip Sector

May 18, 2021
Asia & PacificBusinessEconomiesS&P 500 indexShanghai and Hong KongSingaporestock marketsTaiwanWorld
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TAIPEI—Taiwan sees a limited impact on its economy and its key semiconductor industry from its COVID-19 outbreak and is well prepared to ensure chip fabs can operate as normal, officials said on Tuesday. Tech-heavyweight Taiwan is experiencing an unusual spike in domestic cases after months of keeping the pandemic well under control, and has closed…

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