Nasdaq, S&P 500, Dow Jones tumble, yields pop after hot CPI
Stock indices tumbled at the start of the session on Wednesday after retail inflation came in hot, suggesting little rollover in price pressures. Early on the the Dow (DJI) is…
What Does Inflation Do to the Stock Market?
Inflation can be good or bad for the stock market, but in general high inflation is very bad news The relationship between inflation and equity prices is complex. When inflation…
Inflation rises at fastest pace in 40 years, pushed up by record gas prices
The pain of higher prices continues for US consumers. Record gas prices drove inflation to 8.6% for the 12 months ending in May, higher than the pace in April, according…
The European Central Bank Just Helped U.S. Stock Investors
The biggest companies in the market could benefit the most. Investors on Wall Street came in Thursday morning in a downbeat mood, and the stock market seemed to reflect the…
It’s 1979, Not 2009
Break out your mom’s bell-bottoms and dad’s leisure suit from your parents’ attic. It’s 1979 again (at least economically) Don’t listen to the perpetual doomsayers who claim this is the…
Solid May job growth seals the deal for more mega-sized Fed rate hikes
Better-than-expected job growth in May likely solidified the likelihood of the Federal Reserve lifting interest rates by a half-percentage point at its meeting in two weeks and again in July…
National average rises as cost of oil and gas demand increase
Since Monday, the national average for a gallon of regular gasoline has increased by nine cents to $4.71. According to new data from the Energy Information Administration (EIA), total domestic…
Fed’s Mester says inflation hasn’t peaked and multiple half-point rate hikes are needed
The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation has moderated enough to slow the pace…