@theMarket: Higher Inflation Signals No More Rate CutsBy Bill Schmick,
04:04PM / Friday, February 14, 2025 | |
For the fourth straight month, the Consumer Price Index registered higher inflation. That has dashed any hope that the U.S. central bank would loosen momentary policy further in the months ahead. And now the country faces even higher prices if tariffs go into effect.
The most recent University of Michigan survey of consumers indicated that inflation expectations for the next year increased to 4.3 percent in February. That is one percentage point higher than January and the highest since November 2023.
Wednesday's Consumer Price Index (CPI) data for January increased 3 percent over the prior year and 0.5 percent over the previous month. That surprised 0 Comments
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The Retired Investor: A Different View on Interest RatesBy Bill Schmick,
04:41PM / Thursday, February 13, 2025 | |
Scott Bessent, the nation's new Treasury secretary, is a product of the investment world. His private sector background brings to the government a different set of tools and ideas that may lessen the burden on the Federal Reserve Bank in its fight against inflation.
For decades, politicians of both parties with few exceptions have left it up to the Federal Reserve Bank to curb inflation while maintaining employment. It has been a tough job, especially when fiscal policy is working at cross purposes with their mandate. The fly in the ointment over the last several decades has been that while the central bank has been largely insulated from political pressures and has 0 Comments
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@theMarket: Turmoil Keeps Investors on Their ToesBy Bill Schmick,
03:14PM / Friday, February 07, 2025 | |
Two Mondays in a row, investors have had an opportunity to buy the dip in the stock market. In February there may be even more chances to do so depending on geopolitical developments.
For the source of much of this week's volatility, one need look no further than the White House. The number of executive orders has ramped up further. On-again, off-again tariff talks sent traders into despair, and then giddiness.
In the few hours between daily press conferences and announcements, markets held their breath with one finger on the buy button and the other ready to sell. If you throw in geopolitical news on topics such as Gaza, Greenland, Panama, Iran, 0 Comments
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The Retired Investor: Here Comes Super Bowl 59By Bill Schmick,
04:28PM / Thursday, February 06, 2025 | |
Game Day is just around the corner. On Feb. 9, at the Caesars Superdome in New Orleans, the Philadelphia Eagles will face last year's winners, the Kansas City Chiefs. America is gearing up for the biggest game ever.
Grocery stores are stocking up on chicken wings, nachos and soda. Consumers are shopping early and spending more while companies are breaking records on ad spend. And for many viewers, the Chief's tight end's romance with Taylor Swift will add a dose of human interest to the festivities.
This year the heavy demand for ads had some 30-minute spots selling for more than $8 million versus $7 million last year. It is probably the only TV 0 Comments
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