The Star Bulletin - Daily News Updates

inflation

Jan
14
2023
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By Fredric M. Wiseman
US Inflation Cools But Data Provides Mixed Bag For Markets

US Inflation Cools But Data Provides Mixed Bag For Markets

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US Inflation Cools But Data Provides Mixed Bag For Markets. US consumer inflation data showed prices softening in December. Greg Bonnell speaks with David Sekera, the Chief US Market Strategist at Morningstar Research, about what the most recent CPI figures might mean for the markets in 2023. Transcript Inflation has been the main topic for investors for a while. This latest study on US consumer costs shows that prices are slowly easing. What does this mean for markets this year? Join us today for more, David Sekera, Chief US Market Strategist for Morningstar Research. David Thanks for having David on…
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Jan
12
2023
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By Kevin Bonner
Oil prices increase due to China expectations of demand US inflation on the agenda

Oil prices increase due to China expectations of demand US inflation on the agenda

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Oil prices increase due to China expectations of demand US inflation on the agenda. Oil gained about one cent on the day, aided by optimism about China's demand outlook , and hope that the upcoming inflation data in the United States will point to slowing growth in interest rates. The world's largest crude importer China is now reopening its market after the end of the strict COVID-19 restrictions, which has boosted optimism that demand for gasoline will rise in 2023. Brent crude gained 90 cents (or 1.1 percent in the last hour, rising to $83.58 at 1100 GMT and U.S.…
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Jan
08
2023
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By Fredric M. Wiseman

Stagflation to Terrorize the Economy in 2023

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Stagflation to Terrorize the Economy in 2023. The silver and gold markets were off to an excellent start in the first few days of the year's trading before squeezing under market pressure on Thursday but then rebound in the early morning of Friday. A weak but not entirely positive jobs report has raised hopes for more rate hikes by the Federal Reserve and boosted the U.S. dollar on foreign exchange markets. Metals futures traders responded to the market by selling yesterday only to revert and purchase today. Investors usually take a look at the initial trading days of a new…
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Jan
06
2023
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By Fredric M. Wiseman
Even a Soft Landing for the Economy May Be Uneven

Even a Soft Landing for the Economy May Be Uneven

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Even a Soft Landing for the Economy May Be Uneven. One of the most significant economic tales of the past year was the complicated debate about what it was the U.S. economy was going into a recession , or just declining, with some altitude sickness, after the peak of growth following the pandemic's lows. In the coming year, these arguments and questions will likely to persist. It is known that the Federal Reserve has been steeply increasing the cost of borrowing for companies and individuals in an effort to limit spending and reduce inflation. However, the consequences are still affecting…
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Jan
04
2023
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By Fredric M. Wiseman
France Prepares Green Industry Bill Echoing US Climate Law

France Prepares Green Industry Bill Echoing US Climate Law

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France Prepares Green Industry Bill Echoing US Climate Law. French Finance Minister Bruno Le Maire said he will be presenting the "green industry" bill soon in the event that Europe wants to stop companies getting lured across the Atlantic by billions of dollars in subsidies in the United States' climate legislation. The new law in France will bring changes to taxation and regulation in order to facilitate the creation of low-carbon production, said Le Maire. about France. It will result in an incredibly eco-friendly industry in French soil by utilizing the production of hydrogen, electric batteries and nuclear energy, as…
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Jan
01
2023
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By Kevin Bonner
The U.S. Economy In 2023: Walking The Tightrope To Avoid Stagflation

The U.S. Economy In 2023: Walking The Tightrope To Avoid Stagflation

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The U.S. Economy In 2023: Walking The Tightrope To Avoid Stagflation. In the past, two years back I titled my annual forecast of economic conditions "We Are All Super-Keynesians Now." The previous year, it was "All Eyes On Inflation." This year's main focus is on the costs of adjustment of decreasing the rate of inflation. The order of titles is based on economic logic and philosophies in that the government spends too much, is able to pay for its expenditure through printing money or debt monetization, prices increase and in the event that you do not want to become like…
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Dec
26
2022
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By Kevin Bonner
How much higher did US inflation rise this year? Where will it be in 2023?

How much higher did US inflation rise this year? Where will it be in 2023?

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How much higher did US inflation rise this year? Where will it be in 2023? A few years ago inflation was seen as something the US and a lot of other western economies could not handle. "Is inflation dead?" Businessweek asked in the year 2019, with an image of an ailing dinosaur. Then came Covid-19. Supply chain problems, illness, deaths, and the conflict in Ukraine caused a disruption to trade across the globe. Aided by government grants and savings, consumers rebounded from the panic-inducing shutdowns but a limited stock of anything from second-hand vehicles to housing, which was triggering the…
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Dec
24
2022
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By Fredric M. Wiseman
Brexit has shattered Britain’s economic foundations

Brexit has shattered Britain’s economic foundations

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Brexit has shattered Britain's economic foundations Two years have passed since the former prime minister Boris Johnson signed his Brexit trade deal , and proclaimed that Britain will become "prosperous, dynamic and contented" when it had completed its exit out of European Union. The Brexit deal will allow UK businesses to "do even more business" with the European Union, according to Johnson and will let Britain free to negotiate trade agreements around the globe while continuing to seamlessly export into the EU market with 450 million customers. In the end, Brexit has hobbled the UK economy, but it's as the…
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Dec
22
2022
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By Patsy S. Nielsen
Large European Banks Well-Positioned to Weather Economic Slowdown

Large European Banks Well-Positioned to Weather Economic Slowdown

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Large European Banks Well-Positioned to Weather Economic Slowdown Fitch Ratings-London-22 Dec 2022: The majority of large European banks are in a good position to weather the slowdown in economic growth in 2023, and the impact it will have on the quality of their assets, Fitch Ratings says.  We anticipate only a minor decrease in their impaired loan ratios in 2023 because significant proportions of their loans are residential mortgage loans , which have proven to be resilient over the course of time in many countries, and underwriting standards are being tightened in the wake of previous crises. Biden is playing…
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Dec
22
2022
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By Fredric M. Wiseman
UK economy shrank faster than was initially thought during the third quarter

UK economy shrank faster than was initially thought during the third quarter

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UK economy shrank faster than was initially thought during the third quarter The latest figures released by the Office for National Statistics on Thursday showed a grim future of The U.K. economy, which has been shown to have contracted by more than initially predicted between the months of July between July and September. Gross domestic product decreased by an estimated 0.3 percent during the 3rd quarter 2022 in contrast to the expected 0.2 percent decline due to business investment performing less than expected. The growth figures for the first second quarter of 2022 also reduced, with the figures which show…
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Dec
19
2022
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By Helen E. Blake
It’s not the case that the US inflation slowdown doesn’t stem from Fed rate hikes.

It’s not the case that the US inflation slowdown doesn’t stem from Fed rate hikes.

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It's not the case that the US inflation slowdown doesn't stem from Fed rate hikes. A lot of the industries which have experienced price reductions aren't impacted by interest rates. Recent US inflation data have been a triumph for team transitory economists who predicted that inflation would fall without any interest rate hikes. The US consumer price index (CPI) increased by 0.1 percent between October and November, well below the 0.3 percent increase the economists asked with Dow Jones had predicted. A variety of indicators of inflation dropped or slowed in November. This is partly because of the ease of…
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Dec
17
2022
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By Fredric M. Wiseman
Austria central bank predicts mild recession then 0.6% growth in 2023

Austria central bank predicts mild recession then 0.6% growth in 2023

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Austria central bank predicts mild recession then 0.6% growth in 2023. Austria will be in a "mild" recession by the end of the year, and then at the start of 2023, the central bank announced on Friday, anticipating that growth in gross domestic product next year will be at 0.6 percent, higher than the forecasts of other analysts. Two major economic think-tanks, Wifo and IHS, issued economic forecasts for an increase in the GDP range of 4.7%-4.8 percent this year, and 0.3%-0.4 percent in the next year. Austria's National Bank released its own forecast. The Austrian National Bank produced its…
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Dec
13
2022
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By Kevin Bonner
Asian stocks waver ahead of US inflation data and central bank rate decisions

Asian stocks waver ahead of US inflation data and central bank rate decisions

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Asian stocks waver ahead of US inflation data and central bank rate decisions. After making gains early Tuesday, Asian stock markets fell as investors waited for U.S. Inflation data. Many hope that this will convince the Federal Reserve and other central bankers to stop pursuing aggressive interest rate increases. MSCI's broadest index Asia-Pacific shares outside Japan was at 0.10%, while Japan's Nikkei shares were 0.335% higher and Australian shares were at 0.24% and 0.24% respectively. Seoul's KOSPI index fell 0.10%.  The UK economy shrinks by 0.3% in three months from October China's CSI300 Index and Shanghai Composite Index both fell…
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Dec
12
2022
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By Patsy S. Nielsen
The UK economy shrinks by 0.3% in three months from October

The UK economy shrinks by 0.3% in three months from October

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The UK economy shrinks by 0.3% in three months from October. The three-month period October to October saw a decline in Britain's economy, which is proof of the impact that rampant inflation and rising interest rates have on industry and business. The gross domestic product, which is the broadest measure of economic activity, declined by 0.3% over the same period as the three months through July. This was according to the Office for National Statistics Monday. Citizen-science project Vanishing stars opens skies to public This decline occurred despite estimates showing that GDP rose 0.5% in October, following a 0.6% drop…
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Dec
08
2022
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By Patsy S. Nielsen
Inflation data from the United States shows that world shares are mixed ahead of US jobs

Inflation data from the United States shows that world shares are mixed ahead of US jobs

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Inflation data from the United States shows that world shares are mixed ahead of US jobs Europe and Asia shares were mixed ahead of Friday's release of U.S. inflation and jobless data. U.S. futures rose and oil prices rebounded. Investors are looking for more information about inflation and the Fed's plans to continue fighting high prices. On Thursday, the U.S. will release data about weekly unemployment claims. The Fed has had difficulty taming inflation because of the strong job market. Friday's report by the government on wholesale prices will give more information about how inflation affects businesses. New Aerodynamic Technologies…
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Dec
08
2022
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By Fredric M. Wiseman
Investors weigh rates and economic outlooks as the dollar rises

Investors weigh rates and economic outlooks as the dollar rises

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Investors weigh rates and economic outlooks as the dollar rises On Thursday, the dollar gained ground, supported by an increase in U.S. Treasury yields. Investors weighed the outlook of Federal Reserve policy against the possibility that high interest rates could cause a recession. Next week will bring a host of important central bank decisions, including those of the Federal Reserve, European Central Bank, and Bank of England. Investors and traders need to know if inflation has reached its peak. This will allow policymakers greater flexibility to offer lower interest-rate increases in the months ahead. The U.S. monthly consumer inflation report…
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Dec
03
2022
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By Fredric M. Wiseman
Markets Wait for December Fed Meeting After Blowout November Jobs report

Markets Wait for December Fed Meeting After Blowout November Jobs report

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Markets Wait for December Fed Meeting After Blowout November Jobs report The Fed's policy has been a major driver of the US stock market this year, as the US central banks have taken the most aggressive monetary tightening in decades. What can we expect from the Fed's December meeting following a rousing November jobs report? The November nonfarm payrolls rose by 263,000, which was much higher than the expected 200,000. The Labor Bureau also revised upwards the October nonfarm payrolls, to 284,000. A strong jobs report is usually a positive for stocks. Investors see strong jobs reports as a negative…
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Dec
02
2022
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By Fredric M. Wiseman
Low inflation is a major concern for the global economy: Rajan, ex-RBI chief

Low inflation is a major concern for the global economy: Rajan, ex-RBI chief

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Low inflation is a major concern for the global economy: Rajan, ex-RBI chief. Raghuram Rajan, an ex-governor of India's central banks, stated that the global economy could return to low inflation and that central bankers who pursue restrictive monetary policies should be aware. Foreign Trusts Pose Headaches for US Transferors and Beneficiaries Rajan, who is now a professor of finance in the University of Chicago Booth School of Business, stated that central banks need to ask themselves whether their policies were flexible enough when inflation moved from low to high. He said Friday at a conference hosted by the Bank…
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Nov
30
2022
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By Fredric M. Wiseman
After Rebound, Bond Bulls are $2.8 Trillion More Secure This Month

After Rebound, Bond Bulls are $2.8 Trillion More Secure This Month

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After Rebound, Bond Bulls are $2.8 Trillion More Secure This Month In November, global bonds rose to a record $2.8 trillion, as investors believed central banks were able to control inflation. However, it is not clear how long this party will last. The market value for investment-grade corporate and government debt securities has risen to $59.2 trillion, from $56.4 trillion at October's end. This is the largest monthly increase in a Bloomberg Index since 1990. After US inflation fell more than anticipated, the Federal Reserve signaled a slowdown in aggressive rate increases and buoying sentiment, the gauge rebounded. Omar Slim, an Omar…
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Nov
22
2022
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By Fredric M. Wiseman
In the face of inflation holiday shoppers are changing their spending habits

In the face of inflation holiday shoppers are changing their spending habits

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In the face of inflation holiday shoppers are changing their spending habits - Holiday shopping is well underway, but it really picks up with Cyber Monday, Small Business Saturday, Black Friday and Cyber Monday. Although inflation has slowed slightly between September and October, the prices for almost everything is still very high. A recent survey from Bankrate.com found that two-fifths of shoppers believe inflation will affect how they shop in the coming year. According to the survey, 40% of shoppers will shop less, while others will choose cheaper brands and use credit cards to offset their costs. Others will make…
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