Federal Reserve officials appear to have "no idea" what is happening when it comes to the inflation picture in the U.S., according to Julian Howard, lead investment director of multi-asset solutions at GAM. His comments come as policymakers have in recent weeks been urging patience over interest rate cuts, arguing...
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target
LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England's 2% target. That would represent a plunge from the current level of 3.2% and could "make or...
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington. The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in March 2020. As a...
Some consumers are punting big purchases like pools and mattresses
Ordini's Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due to COVID-19 fears, in Gilbertsville, Pennsylvania, April 26, 2021. Rachel Wisniewski | Reuters Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated...