Inflation has overtaken the COVID-19 pandemic as Americans’ top economic concern for 2022, according to the latest edition of the Argyle-Leger Confidence Report. Market research and analytics firm Argyle said in a Jan. 31 statement that, while many Americans fear that the pandemic will continue to have a damaging impact on the economy in 2022, it’s…
Inflation Eclipses COVID-19 as Americans’ Top Economic Worry in 2022: Survey
Foreigners Are Buying
Commentary There’s hardly a week that goes by where a news outlet or pundit isn’t calling for interest rates to go significantly higher. As the Federal Reserve further cuts its monthly bond purchases from its quantitative easing program and is expected to end its purchases in March, many still believe there’s little demand for U.S….
Bank of Canada Signals Readiness for Series of Rate Hikes
News Analysis The Bank of Canada gave markets a bit of a surprise when it didn’t raise its key rate on Jan. 26. It stated that the time for extraordinary COVID-19 support is over and multiple interest rate increases are coming. Bank of Canada governor Tiff Macklem said the central bank is taking a very…
LIVE: Fed Chair Announces Decision on Interest Rates
Federal Reserve Chair Jerome Powell holds a news conference after the policy decision. The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation.
America’s Most Dangerous Unknown Man
Commentary The U.S. Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don’t often agree with Senator Warren, but I do agree with her assessment that Powell is “dangerous.” However, Warren actually doesn’t understand what makes Powell, or any…
Wharton Finance Professor Warns Fed Has to Be ‘Far More Aggressive’
Commentary Professor Jeremy Siegel sounds pessimistic about the equity market. The Russell E. Palmer, finance professor at the University of Pennsylvania’s Wharton School of Business, predicted the Dow Jones would rise above 20,000, years before it did. Now he warns that “too much money chasing too few goods implies that inflation is likely to be…
Sticky Inflation Boosts Risk of More Than 4 Fed Rate Hikes in 2022: Goldman Sachs
Goldman Sachs analysts said in a weekend note that persistently high inflation is raising the risk that the Federal Reserve will move to tighten monetary policy more aggressively, with the Wall Street giant seeing a growing possibility of more than four interest rate hikes this year. The Fed’s most recent dot plot, which charts policymakers’…
Sticky Inflation Boosts Risk of More Than 4 Fed Rate Increases in 2022: Goldman Sachs
Persistently high inflation is raising the risk that the Federal Reserve will move to tighten monetary policy more aggressively, Goldman Sachs analysts said in a weekend note, with the Wall Street giant seeing a growing possibility of more than four interest rate increases this year. The Fed’s most recent dot plot, which charts policymakers’ outlook…
Biden’s Worst Nightmare Is Your Investment Opportunity
Commentary “How bad do you think it’s gonna be?” “Pretty [expletive] bad. Probably all the other Families will line up against us. That’s all right. These things gotta happen every five years or so, ten years. Helps to get rid of the bad blood.” That was Michael Corleone asking Peter Clemenza how bad the fallout…
Hawkish Central Banks Send Leveraged Loan Prices to Their Highest Levels in Near 15 Years
U.S. leveraged loan prices have surged to their highest levels since 2007 as investors snap up assets that will offer compensation with central banks moving into a rate hike cycle. Leveraged loans are often taken out by companies that have high levels of debt, usually with non-investment grade credit ratings, and are often used by…
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