Post Tagged with: "Inflation"

Source: Reuters

U.S. calls on OPEC and its allies to pump more oil

Reuters


U.S. President Joe Biden’s top aides are pressuring OPEC and its allies to boost oil output to tackle rising gasoline prices that they see as a threat to global economic recovery.

Biden’s national security adviser Jake Sullivan criticized the …

Source: CNBC

Powell says the Fed is still a ways off from altering policy, expects inflation to moderate

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.

In remarks prepared for the House Financial Services Committee, the central bank chief noted improvements

July 14, 2021 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: Reuters

Column: Rising oil price will draw response from consumers

Todayonline


LONDON – Oil prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb.

Front-month Brent futures are trading around $75 per barrel compared with …

Source: CNBC

Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

CNBC


Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell has reaffirmed the central bank’s commitment to keep loose monetary policy in place.

That includes a statement of near-certainty that interest rates won’t be going

April 12, 2021 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed’s Williams say high market prices justified by economic growth and low rates

CNBC


New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape.

With stocks pushing to new heights on valuations not …

February 19, 2021 - 3:38 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

U.S. import prices inch up in November

CNBC


U.S. import prices rebounded less than expected in November as an increase in the cost of petroleum products was offset by cheaper food and motor vehicles, supporting views that inflation could remain moderate amid a resurgence in new Covid-19 …

December 15, 2020 - 3:30 pm Closing Bell Story‎, Economy
Source: Reuters

U.S. producer prices rise moderately; COVID-19 seen taming inflation

Reuters


WASHINGTON  – U.S. producer prices barely rose in November, supporting views that inflation would remain benign in the near term as a flare-up in new COVID-19 infections restrains the labor market and demand for services.

While other data on …

December 11, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed picks its side in inflation debate and sends market a message — no rate hikes for years

CNBC


The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does.

Stocks initially surged after the Fed released its post-meeting statement and its latest economic …

September 17, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

The Fed could could still move markets Wednesday even with rates on hold for the foreseeable

CNBC


While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the pandemic.

As central bank officials gather Tuesday and Wednesday

September 15, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Alan Greenspan lists inflation and the budget deficit as his biggest concerns

CNBC


Former Federal Reserve Chairman Alan Greenspan said his biggest economic concerns in the U.S. are inflation and the budget deficit.

“My overall view is that the inflation outlook is unfortunately negative and that’s essentially the result of entitlements crowding …

September 11, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC


The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

In a move that Chairman Jerome Powell

August 27, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Forbes

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

Forbes


Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to …

Fed’s Bullard Says Rate Cut May Be Needed ‘Soon’

Fed’s Bullard Says Rate Cut May Be Needed ‘Soon’

From Bloomberg


St. Louis Fed chief says trade war poses risk to U.S. economy, Bullard says yield curve may signal Fed policy is too tight

The Federal Reserve may need to cut interest rates soon to prop up inflation and …

June 3, 2019 - 6:45 am Closing Bell Story‎, Energy News, Finance, Trade
Driverless Trucks Will Reduce Labor Costs, Move toward Cure for Driver Shortage

Driverless Trucks Will Reduce Labor Costs, Move toward Cure for Driver Shortage

 

USPS Testing Series of 1,000-Mile Mail Hauling Trips

From CCJ

The United States Postal Service (USPS) has contracted with autonomous truck startup TuSimple on a series of 1,000-plus mile trips, hauling mail between the Postal Service’s Phoenix, Ariz. and …

May 31, 2019 - 4:06 pm Closing Bell Story‎, Energy News, Transportation
Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Higher Gasoline Costs Sent Consumer Price Index Soaring in April

Higher gasoline costs sent consumer price index soaring in April

May 10, 2019 - 10:53 am Closing Bell Story‎, Finance, Press Releases
Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

From Bloomberg

 

  • Median could shift to two increases from three in 2019
  • Fed chief says rates ‘just below’ range of neutral estimates

 

Federal Reserve Chairman Jerome Powell opened the door for a potential pullback in projected interest-rate hikes …

Shell Accelerates Share Buybacks as Profits Soar

Shell Accelerates Share Buybacks as Profits Soar

From Reuters

 

LONDON (Reuters) – Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.

Although the $5.6 …

November 1, 2018 - 12:43 pm Closing Bell Story‎, Finance
Citigroup Economist Sees Oil Forcing an Inflation Surprise

Citigroup Economist Sees Oil Forcing an Inflation Surprise

From Bloomberg 

Bank says central banks may ignore acceleration

Economist says markets underestimating size of surprise

The recent surge in the price of oil is set to propel global inflation faster than historically and by more than investors are anticipating, …

June 8, 2018 - 12:45 pm Closing Bell Story‎, Commodity Pricing, Energy News
Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt.

Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, …

Divergent Needs Put Fed, Central Banks on Different Paths

Divergent Needs Put Fed, Central Banks on Different Paths

Fed is likely to raise its key rate two more times – Dallas Federal Reserve

The last time the world’s central banks diverged on policy came as the Fed increased its key rate in December 2015. It’s happening again.

The …

March 22, 2017 - 4:53 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Coming this Week: Ending the 40-Year Oil Export Ban and 9 Years of Zero Interest… Maybe

Coming this Week: Ending the 40-Year Oil Export Ban and 9 Years of Zero Interest… Maybe

Congress expected to vote to lift crude oil export ban; economists worry about low inflation

An end to the more than 40-year old crude oil export ban could soon be approaching. Members of Senate this week are expected to include …