#inflation
#inflation

US adds 175,000 April jobs as hiring slows and unemployment stays steady

US job growth slowed in April with wage growth decreasing, influencing speculation of a potential interest rate cut by the Federal Reserve. [ more ]

www.nytimes.com

The Fed Is Looking for a Job Market Cool-Down. It Just Got One.

The Federal Reserve is closely monitoring wage growth and job market indicators to determine future interest rate policies. [ more ]

ABC7 San Francisco

US employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates

Higher interest rates may have slowed job market growth in April. [ more ]

www.nytimes.com

What to watch today in the April jobs report.

The Federal Reserve closely monitors the job market to determine future interest rate adjustments, with inflation and wage gains being key factors in decision-making. [ more ]

London Business News | Londonlovesbusiness.com

Which financial markets to focus on in May

The weakness of the yen is a central focus for financial markets in May. [ more ]

moreBusiness

mortgage-rates

sharingdash.medianewsgroup.com

Mortgage rate forecast for May 2024: No break for homebuyers

Mortgage rates continue above 7%, potentially reaching 8% due to high inflation and Fed's delayed rate cuts. [ more ]

SFGATE

Weekly Mortgage Rates Rise Again, While Home Sales Increase, Too

Mortgage rates have increased for five consecutive weeks, reaching the highest level since mid-November. [ more ]

SFGATE

May Mortgage Rates to Stay Above 7% as Hope Dims for Fed Cuts

Mortgage rates likely to stay above 7% in May due to persistent inflation and lack of Fed rate cuts. [ more ]

www.housingwire.com

Fed holds rates steady for the sixth straight time

The Federal Reserve maintained interest rates steady at 5.25% to 5.5% for the sixth consecutive meeting. [ more ]

www.housingwire.com

Mortgage demand continues to fall as rates soar - HousingWire

Mortgage demand dips as rates climb, reaching highest levels since November 2023. [ more ]

Boston.com

Average long-term US mortgage rate climbs for the fourth straight week

Mortgage rates are at their highest level since late November, impacting homebuyers and homeowners. [ more ]

moremortgage-rates

bitcoin

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Michael Saylor Delivers Bitcoin Masterclass To Fortune 1000 Companies

Bitcoin is the ideal asset for corporate balance sheets to surpass the cost of capital and combat inflation. [ more ]

Coindesk

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

The Federal Reserve left the benchmark rate unchanged at 5.25-5.50%. Expectation for rate cuts has decreased due to economic strength and inflation rise. [ more ]

Coindesk

Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Cryptocurrencies like Bitcoin dropped due to concerns over U.S. inflation and slow growth in Q1.

Investors were spooked by disappointing inflation data, impacting risk assets across markets. [ more ]

London Business News | Londonlovesbusiness.com

How UK economic performance affects the GBP/BTC price

People turned to Bitcoin as a hedge against high inflation in the UK, seeking to protect their savings from the pound's depreciation. [ more ]

ReadWrite

'Bitcoin and stocks may be about to have major correction', says analyst

Stock and cryptocurrency markets may face a significant correction, driven by inflation, rate cuts, and rising bond yields. [ more ]

ReadWrite

Bitcoin price rise: a look at possible causes

Increased trader activity post-ETF inflows contributed to Bitcoin's price surge.

Investor expectations about the economy and cost of capital play significant roles in Bitcoin's growth. [ more ]

morebitcoin

www.nytimes.com

The Fed Is Eyeing the Job Market, but It's Difficult to Read

The Federal Reserve is shifting focus from inflation to the job market for interest rate decisions. [ more ]

www.dw.com

How can the United States and the EU tame inflation? DW 05/02/2024

Central banks are holding interest rates steady despite previous expectations of rate cuts due to rising inflation worldwide. [ more ]

www.dw.com

Has inflation been tamed or not? DW 05/02/2024

Central banks hesitating to cut interest rates due to rising inflation. US Fed and ECB facing challenges in achieving target inflation rates. [ more ]

www.cbc.ca

'We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs | CBC News

The Bank of Canada is considering cutting interest rates as inflation slows down, impacting the housing market positively. [ more ]

www.cbc.ca

Inflation up slightly to 2.9% in March, thanks to gasoline and shelter prices | CBC News

Gasoline and shelter prices drove March inflation to 2.9%. [ more ]

www.cbc.ca

Bank of Canada holds key interest rate at 5% | CBC News

Bank of Canada maintains 5% interest rate for the sixth consecutive time.

Expectations of the first rate cut during the June 5 meeting. [ more ]

www.cbc.ca

Ontario's minimum wage going up to $17.20 an hour, advocates say still not a living wage | CBC News

Ontario's minimum wage will rise to $17.20 per hour, up 3.9% from the current rate.

The government announced the increase six months in advance for business certainty. [ more ]

moreCanada news

monetary-policy

London Business News | Londonlovesbusiness.com

Growth hacking

Economic growth 'projected to remain below its longer-run average'

Global economy growing modestly with steady GDP growth projected by OECD. Tight monetary conditions persist but global activity remains resilient. [ more ]

www.nytimes.com

Fed Holds Rates Steady, Noting Lack of Progress on Inflation

High borrowing costs may persist as Fed officials are concerned about stubborn inflation and require more evidence of decline before rate cuts. [ more ]

www.theguardian.com

US Federal Reserve holds interest rates steady as inflation ticks up

Inflation remains above target rate, Fed holds interest rates steady to gain greater confidence. [ more ]

London Business News | Londonlovesbusiness.com

Market dynamics: Inflation, interest rates, and gold prices

The USD is rising due to the Fed's expected interest rates stance, affecting gold negatively as a hedge against inflation. [ more ]

London Business News | Londonlovesbusiness.com

The euro continues its gains today despite weaker than expected German inflation growth

Euro is rebounding against the US dollar despite weak German inflation and declining Eurozone bond yields, influenced by US Treasury yields and upcoming labor market data impacting Fed's monetary policy.

Markets are closely tracking US labor market data to predict Fed's monetary policy path, with hopes that negative surprises from the US economy could potentially impact the Euro's losses against the dollar. [ more ]

London Business News | Londonlovesbusiness.com

The interest rate challenges facing the Bank of England

Inflation in the UK is decelerating, but consumer prices remain significantly higher than a few years ago, causing a cost-of-living crisis. [ more ]

moremonetary-policy

www.theguardian.com

UK economic outlook has worsened, warns OECD

UK's economic growth forecast downgraded by OECD from 0.7% to 0.4% in 2024 due to high interest rates and inflation effects. [ more ]

www.independent.co.uk

UK economic growth downgraded for next two years OECD

UK economy faces sluggish growth with downgraded projections for 2024 and 2025. [ more ]

www.theguardian.com

OECD cuts UK growth forecasts; interest rates to remain higher for longer, Fed indicates business live

OECD warns of slower UK economic growth and higher inflation compared to peers. [ more ]

www.independent.co.uk

UK news

Britain's GDP falls by 0.3%, new ONS figures show

Britain's GDP decreased by 0.3% in Q4 2023, after no growth in Q3.

Inflation fell from over 11% to 3.4% as the economy grew in January. [ more ]

www.independent.co.uk

UK news

The 5 big money changes in April you need to know from energy bills to TV licence

April brings new financial changes for UK households.

Inflation in the UK has fallen to the lowest level since March 2021. [ more ]

www.theguardian.com

Higher interest rates make government debt unviable as an economic solution | Kenneth Rogoff

Debates around debt financing for government spending have shifted due to high inflation and rising borrowing costs, urging advanced economies to rebuild fiscal buffers for debt sustainability. [ more ]

Entrepreneur

JPMorgan Chase CEO Jamie Dimon Worried About 'Stagflation' | Entrepreneur

Jamie Dimon, CEO of JPMorgan Chase, expresses concerns about stagflation, comparing the current economic situation to the 1970s. [ more ]

New York Post

Growth slowing, inflation rebounding: Fresh, bitter Bidenomics pills

Bidenomics under scrutiny as economy grows at sluggish 1.6% rate, with inflation on the rise. [ more ]

www.dw.com

Growth hacking

US economy: GDP growth slows to 1.6% in first quarter DW 04/25/2024

US economy grew less than expected in Q1 2024, raising concerns for Biden's re-election. Inflation down but prices still high. [ more ]

www.nytimes.com

U.S. Economy Grew at 1.6% Rate in First Quarter

Consumer spending remains strong, offsetting weaknesses in other sectors, with a slowdown in economic growth coinciding with the Federal Reserve's battle against inflation. [ more ]

www.cbc.ca

Canada's need to improve productivity has reached emergency level, says Bank of Canada official | CBC News

Improving productivity is crucial for economic growth and managing inflation.

Canada needs to focus on investing in machinery, equipment, intellectual property, and enhancing skills for higher productivity. [ more ]

www.aljazeera.com

US Fed keeps interest rates at 23-year high amid stubborn inflation

US Federal Reserve maintains benchmark interest rate at 5.25-5.50% amid concerns of high inflation. [ more ]

www.cbc.ca

U.S. Federal Reserve holds interest rate, saying it will take 'longer than expected' to start cutting | CBC News

The U.S. Federal Reserve is considering reductions in borrowing costs due to inflation numbers deviating from its two per cent target. [ more ]

Fast Company

Federal Reserve holds interest rates at 23-year high until inflation further cools

The Federal Reserve plans no interest rate cuts until inflation slows sustainably to 2% target. [ more ]

Sacramento Bee

UPDATE: Federal Reserve won't change its key interest rates. Here's what to know

Interest rates on mortgages are expected to remain high due to Federal Reserve's caution in reducing target range until inflation stabilizes. [ more ]

www.npr.org

Fed keeps interest rates at 23-year high

Federal Reserve voted to maintain high interest rates to tackle inflation, delaying hopes for rate cuts till September or later. [ more ]

www.npr.org

With mixed economic signals, the Federal Reserve is likely to stand pat on rates

Inflation has slowed but remains above last month's levels, leading the Fed to keep interest rates steady for the near future. [ more ]

Entrepreneur

Marketing

Walmart Launches Bettergoods Food Brand With 'Unique' Flavors | Entrepreneur

Walmart launches Bettergoods grocery label with 300 new products, focusing on vegan, gluten-free, and unique offerings to retain higher-income shoppers in times of inflation. [ more ]

english.elpais.com

Mexico's economy grows 0.2% in the first quarter of the year

Mexico's GDP grew 0.2% in the first quarter of 2024, mainly due to the services sector, outperforming analysts' expectations. [ more ]

www.theguardian.com

Eurozone exits recession as big four' economies beat forecasts

The eurozone has rebounded from a shallow recession with better than expected growth in the first quarter of 2024. [ more ]

www.nytimes.com

Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?

Inflation persists despite Federal Reserve's efforts due to structural issues and government stimulus, posing risks to the economy. [ more ]

www.nytimes.com

Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?

Consumer prices are growing fast despite the Federal Reserve's efforts to slow the economy by raising interest rates. [ more ]

Fast Company

Fed rate cuts unlikely thanks spending by rich Americans

Older Americans are fueling the economy with increased spending on higher-priced services like travel, health care, and entertainment. [ more ]

London Business News | Londonlovesbusiness.com

Weakening dollar: Outlook shaping the US dollar

Persistent inflation and Fed's policy tightening may strengthen the US Dollar in the near term. [ more ]

London Business News | Londonlovesbusiness.com

USD/JPY: The yen surges 500 points in a dramatic turn

Japanese yen rebounds from lowest level since October 1986, possibly due to intervention and US dollar decline. [ more ]

London Business News | Londonlovesbusiness.com

CGA Prestige Foodservice Price Index sees inflation dip below 10% for the first time in two years

Inflation in foodservice sector falls below 10% for the first time in two years, signaling a positive shift in market conditions. [ more ]

www.newsshopper.co.uk

6 days ago

London

You won't believe how much it once cost to visit London attractions 50 years ago

London attraction ticket prices have risen significantly over the years, with past costs as low as 1p now being 12-42 pounds. [ more ]

www.standard.co.uk

London

Londoners hit with raft of inflation-busting essential bill increases from today

Londoners will see inflation-busting increases in various essential bills on April 1, including council tax, road tax, broadband, and water.

Average annual council tax bill in England and Wales is rising by 106 to 473 a year from April 1, with some water companies increasing bills significantly. [ more ]

www.nytimes.com

Bets on Rate Cuts This Year Are Fading Away

The Fed's plan to cut interest rates has been challenged due to stubborn inflation, prompting doubts about rate reductions in 2024. [ more ]

Fast Company

The Fed's preferred inflation gauge jumps 2.7% in March, diminishing hopes for interest rate cuts

Persistently high inflation poses a challenge for the Federal Reserve on interest rate decisions and President Biden's reelection bid. [ more ]

www.nytimes.com

The Fed's Favorite Inflation Index Remained Stubborn in March

Inflation remains stubborn, delaying rate cuts and possibly keeping interest rates high for longer. [ more ]

www.theguardian.com

The cost of living crisis has made the UK a poorer, more anxious nation and worse is yet to come | Andy Beckett

Prices under capitalism are key agreements but are becoming less transparent in some London shops, reflecting a cost of living crisis and widespread misunderstanding of inflation. [ more ]

www.nytimes.com

U.S. Growth Slowed in First Quarter, but Inflation Remained a Bug

Resilient U.S. economy faces inflation challenge. [ more ]

Axios

GDP: The good and bad inside the worse-than-expected report

Inflation rebounded, likely delaying interest rate cuts. GDP can have quirks affecting its accuracy. [ more ]

London Business News | Londonlovesbusiness.com

Q1 US GDP report fuels volatility

The Q1 US GDP report shows slower growth and higher inflation, but it is not expected to change the policy outlook significantly. [ more ]

London Business News | Londonlovesbusiness.com

FOMC thoughts: From pivot to patience

Markets are reacting to the FOMC's data-dependent stance, reconsidering 'higher for longer' narrative. [ more ]

London Business News | Londonlovesbusiness.com

Dollar resilient, yen finds support from G7 comments

The dollar remains near five-month highs despite potential pressure from Federal Reserve interest rate comments. [ more ]

www.housingwire.com

Powell makes it clear: No rate cuts anytime soon

Powell emphasizes the need for data-driven decisions on monetary policy based on labor market strength and inflation progress. [ more ]

english.elpais.com

Could the Fed end up raising rates this year?

Expectations for Federal Reserve rate cuts are diminishing due to high inflation levels and geopolitical uncertainties. [ more ]

SFGATE

U.S. mortgage rates top 7% again, weakening demand for homes

US mortgage rates surpassed 7% for the first time in a month

Home purchase applications dropped significantly last week. [ more ]

The Atlantic

The Inflation Plateau

Inflation is currently higher than expected in the U.S. but not a cause for panic, with a main focus on core inflation exceeding the target. [ more ]

London Business News | Londonlovesbusiness.com

Gold prices stabilise before economic data

Gold prices remain stable amid cautious trading ahead of US economic data releases. [ more ]

www.dw.com

German consumer confidence hits two-year high DW 04/25/2024

German consumer confidence rose by 3.1 points to -24.2 in May, attributed to wage increases and declining inflation.

The survey reflects increased purchasing power, but still lower than pre-pandemic levels, amidst rising energy prices in Germany. [ more ]

Coindesk

Analyst Who Called Bitcoin's Pre-Halving Rally to $70K Turns Bearish

Rising bond yields and reduced chances of Fed rate cuts are weakening the bullish case for cryptocurrencies and stocks. [ more ]

Coindesk

Bitcoin's Future as Currency

Bitcoin is a currency to use, not just an asset to hold.

Bitcoin's future lies in robust economic activity denominated in Bitcoin, including storing value and conducting financial services. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Argentinians Buy Bitcoin to Combat Inflation, Pass Friendly Legislation

Bitcoin is being turned to by Argentinians as a way to protect economic security amidst record inflation rates.

Citizens in Argentina are increasingly using Bitcoin as a store of value amid the economic crisis. [ more ]

SFGATE

SF real estate

Mortgage Rates Rise, but Home Sellers Gear Up To Sell Anyway as Listing Growth Hits 3-Year High

Mortgage rates have risen to 6.88%, impacting spring homebuyers and sellers. [ more ]

Axios

Biden's new take on inflation: Trump would be worse

Warning voters on potential inflation rise due to Trump policies. Biden aims to address inflation by undoing tax perks for wealthy. [ more ]

www.nytimes.com

Trump or Biden? The Stock Market Doesn't Care.

Prediction markets show tight race between Biden and Trump, despite strong economy and stock market performance. [ more ]

www.nytimes.com

Biden's Plan B on Inflation: Turn It Against Trump

President Biden's plans for inflation control and interest rate cuts are not going as expected, impacting his economic and political strategies. [ more ]

New York Post

The week in whoppers: Biden gaslights on the border, The NY Times smears Israel and more

President Biden may be hesitant to use executive orders for certain issues due to legal gray areas. [ more ]

New York Post

Bidenflation refuses to quit - despite what Joe Biden claims

Inflation has risen to 3.5% in March, signaling an ongoing increase

Prices are rising faster each month, with grim signs of inflation across various sectors [ more ]

www.theguardian.com

Companies are using inflation to price-gouge Americans and making it worse | Robert Reich

The Consumer Price Index rose by 3.5% in March, posing a challenge for central bankers in deciding on interest rate cuts. [ more ]

www.theguardian.com

Europe politics

New Brexit checks to cost UK business 2bn and fuel inflation, report finds

New UK border controls post-Brexit to cost businesses 2bn, fuel higher inflation.

10% increase in import costs expected due to new checks under Brexit deal. [ more ]

www.nytimes.com

Dining

Our Food Staff Shares 12 Recipes That Are (Almost) Inflation Proof

Inflation in the United States hovering around 3 percent, down from a peak of 9 percent in 2022.

Budget-friendly recipes can help in eating well without breaking the bank. [ more ]

London Business News | Londonlovesbusiness.com

Previewing the Bernanke review: A major shift in how the BoE operates

The review by Ben Bernanke suggests significant changes in the Bank of England's forecasting processes.

Recommendations may include publishing future interest rate path forecasts, increased use of economic scenarios, and a shift to staff-produced economic forecasts. [ more ]

New York Post

4 weeks ago

Joe Biden's ex-chief of staff finally admits it: Inflation is clobbering us

Inflation remains high despite moderation, impacting people's budgets.

Median-income households have experienced a significant loss in purchasing power under Biden's presidency. [ more ]

www.nytimes.com

4 weeks ago

U.S. Employers Added 303,000 Jobs in 39th Straight Month of Growth

Strong job gains in March with 303,000 jobs added and a decrease in the unemployment rate to 3.8%.

Confidence in U.S. economy's healthy equilibrium solidified by consistent job growth, rising wages, and decreasing inflation. [ more ]

London Business News | Londonlovesbusiness.com

4 weeks ago

UK news

UK wage growth expectations hits a two year low

Expectations of wage growth in the UK have declined to the lowest point in nearly two years.

Chief Financial Officers predict a decrease in wages to 4.7%, down from a predicted 4.9% in February. [ more ]

London Business News | Londonlovesbusiness.com

Business intelligence

Dollar trades sideways on thin volumes

Dollar index remains stable near recent high

US economy shows resilience with increased consumer spending [ more ]

Boston Condos For Sale Ford Realty

Boston

Home Prices Have Risen Twice As Fast As Inflation For 60 Years Boston Condos For Sale Ford Realty

Home prices in the U.S. have outpaced inflation by over twice since 1963.

Income growth has not kept up with the increase in home prices, leading to a significant rise in the home-price-to-income ratio. [ more ]

London Business News | Londonlovesbusiness.com

Week ahead playbook: Path of least resistance leads higher ahead of payrolls & Powell

Quiet Easter week for financial markets, focusing on previous central bank actions.

Upcoming week to be busier with US labor market data and FOMC remarks. [ more ]

Entrepreneur

What Data Should Investors Focus on Now? | Entrepreneur

The S&P 500 is up nearly 50% from bear market lows, suggesting easy money may have been made.

The main catalyst for stocks is expected to be the first Fed rate cut, possibly leading to a sell-off. [ more ]

Axios

Inflation has been stubborn in 2024. Is it a bump in the road, or a warning sign?

Personal Consumption Expenditures Price Index rose in February

Core inflation reached the lowest level in nearly three years [ more ]

Axios

Fed's go-to inflation gauge cooled in February

Inflation pressures eased with a rise in consumer spending, still above Fed's target.

PCE index and core PCE both rose in February, but core PCE at lowest in three years. [ more ]

The Nation

Social justice

Bidenomics and Its Discontents

Unemployment rate and inflation may not accurately reflect economic distress in households today.

Households with multiple earners may experience stress despite low unemployment rates. [ more ]

www.theguardian.com

UK politics

Sunak denies crisis' in local government funding despite bankruptcy warnings

Local councils face financial crisis without adequate support

Central government grants to local councils have doubled since 2019, but not enough to offset previous spending cuts [ more ]

Axios

OMG science

Study: Climate change boosts inflation

Increasing global average temperatures drive up food and goods prices.

Inflation could rise by 3 percentage points annually due to climate factors. [ more ]

www.nytimes.com

Artificial intelligence

In the Markets, a Tug of War Between Big Tech and the Fed

The fate of the U.S. economy and stock market is influenced by tech events and Federal Reserve meetings.

Financial markets are optimistic about A.I. riches but cautious about inflation and interest rates. [ more ]

www.mercurynews.com