Fed, inflation and interest rates
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An expected Fed rate hike on Wednesday offered some relief to stock investors that the central bank was working to contain inflation.
Political analyst Brit Hume on Wednesday evening said rising inflation and higher costs of living are hurting the Trump administration ahead of the midterms, as the Republican Party fights to maintain control in Congress.
The Marquette Law School Poll, released Wednesday, found Trump had just a 19% approval rating on inflation and 20% on gas prices.
If you’ve been following the news of late, you couldn’t help but notice the cost of diesel fuel has skyrocketed. You may also wonder why it’s important. The cost of diesel is one of the most important components of inflation and will soon make the cost of living rise even further. Why is the cost of diesel fuel rising? How will it impact inflation?
Fed officials estimate the rate of inflation using their preferred PCE price index will finish at 3.7% at year end, a hair above June's forecast of 3.6% and well above their 2.7% estimate in March. Inflation is then projected to slow sharply to 2.
Inflation has moved further away from the Bank of England's 2% target as the Middle East conflict continues to disrupt global oil supplies.
The Iran war’s net impact on the insurance sector remains earnings-neutral to slightly positive. While broad property and casualty (P&C) insurers insulation themselves through strict policy exclusions, specialized marine, aviation, and energy underwriters captured historic revenue windfalls.
Gold prices took a hit after the Fed raised rates and indicated that it wasn't done with one hike. Gold is often viewed as an inflation hedge, but some believe it's been trading on [the perceived cre
Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.
Senior Reporter David Hollerith joins Market Catalyst host Julie Hyman to report on this interview with JPMorgan Chase (JPM) CEO Jamie Dimon about how he is still not convinced that the problem of high inflation has been defeated and how AI is playing a role in the bank's operations and the financing boom in the industry.