Stagflation articles
-
Stocks End Week On Muted Note As Stagflation Fears Mount
Stocks End Week On Muted Note As Stagflation Fears Mount Late Friday afternoon, US main equity indexes showed little change, with the S&P 500 on track for a 2% weekly gain after investors digested new concerns about a slowing economy and elevated inflation, rekindling fears of stagflation. During the session, Treasury yields increased due to persistent inflationary pressures, complicating Federal Reserve Chairman Jerome Powell's plan to cut interest rates later this year....
-
Retail Wrecking Crew Hammers Hedgies Again; Stocks/Powell Shrug Off Stagflation Signals
Retail Wrecking Crew Hammers Hedgies Again; Stocks/Powell Shrug Off Stagflation Signals Hot PPI initially spooked markets (yields and dollar up, stocks down) but that faded fast (on lower revisions) - but the stag-flation trend continues this week Source: Bloomberg Powell did briefly spook stocks around 1030ET with the following comment: "it's a possibility - but I dont think it will be the case - that the next action we take will be a rate hike most likely we will stay the...
-
WATCH: CNBC’s Joe Kernen Warns of ‘Stagflation’ in Joe Biden’s America
A restaurant owner minced no words on the immense costs that are devastating his business as inflation continues to harm both owners and customers under President Joe Biden. During the May 20 edition of Squawk Box, co-anchor Joe Kernen pointed to a specific case succinctly illustrating inflation’s devastating impact on Americans’ wallets. He prefaced his point by saying his guest Will Restaurants Investments Group Founder Brian Will’s “food costs have increased by more than 20% since 2023 and...