Fed's Favored Inflation Measure May Show Softer Rise Than CPI SuggestsThe Consumer Price Index (CPI) data for January revealed an unexpected surge, with core prices, excluding food and energy, climbing by 0.4% and surpassing many predictions. This uptick was largely driven by a 0.7% increase in core services, marking the most significant rise since September 2022. However, this spike in the CPI might not fully […] READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation ChallengesWholesale inflation in the U.S. experienced an uptick in January, indicating persistent inflationary pressures within the economy. According to the Labor Department, the producer price index, which measures inflation at the wholesale level before it impacts consumers, increased by 0.3% from December to January, reversing a slight decline from the previous month. Year-over-year, this index […] READ MORE Zimbabwe Announces Plans to Introduce Gold Backed CurrencyIn a bold move to revive their economy, Zimbabwe has announced plans to launch a gold-backed currency. Will they succeed? READ MORE Economic Recession and Yen Depreciation Push Japan Behind GermanyJapan has relinquished its position as the world’s third-largest economy to Germany, sliding into recession amid challenges such as a depreciating yen and demographic issues like an aging and decreasing population. Despite achieving a 1.9% growth in 2023 in nominal terms (not adjusted for inflation), Japan’s Gross Domestic Product (GDP) in dollar terms amounted to […] READ MORE Gold Climbs Back Above $2,000 as U.S. Retail Sales FalterGold surpassed the $2,000 mark, following disappointing U.S. retail sales figures that led to a decrease in the dollar value and Treasury yields. This turnaround in the market has been a positive development for investors in gold, with the price of spot gold reaching an intraday high of $2,008.18 per ounce. Despite a slight pullback, […] READ MORE Florida Real Estate Falls As Homebuyers Deterred by Higher Insurance CostsHome prices in Florida’s southwest coast are dropping, primarily driven by the steep rise in home insurance costs. This insurance crisis has led to a surge in inventory as potential buyers, particularly those looking to purchase winter homes, are deterred by the skyrocketing premiums. The Insurance Information Institute reports a 42% increase in insurance rates […] READ MORE Yellen Critiques Market Overreaction to Inflation DataU.S. Treasury Secretary Janet Yellen argues that minor fluctuations should not distract from the significant longer-term trends of decreasing inflation, a strong economy, and rising wages. Speaking at the Detroit Economic Club alongside Michigan Governor Gretchen Whitmer, Yellen expressed confidence in the economic trajectory, labeling market reactions to short-term data as a “tremendous mistake” and […] READ MORE Banks Under Pressure: Rising Concerns Over Commercial Real Estate ExposuresIn late 2023, federal regulators highlighted concerns over approximately two dozen U.S. banks with major concerns over their commercial real estate loan portfolios. These banks, noted for accumulating commercial property loans that exceed three times their total capital, are now under the microscope for their large exposures to commercial real estate sectors such as office […] READ MORE ZeroHedge: Yield-Curve Bear-Steepening Spells Trouble For MarketsThe yield curve has long been a signal of potential financial market turbulence. But this last year, it missed the mark. Now, there’s a shift in the markets. Longer-term yields rising more than shorter-term indicates worsening conditions in liquidity and funding markets that are vital for the market’s health. READ MORE « Previous 1 … 36 37 38 39 40 … 64 Next »
