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Day: June 12, 2021

Auto insurance rates rise, but insurers could still qet squeezed by higher costs ahead

An employee at a used auto dealership treads water as he checks on vehicles they are moving out of the rising waters from two days of heavy rain in Lexington, Miss., Thursday, June 10, 2021. Rogelio V. Solis | AP Despite recent increases in auto insurance rates, the market is still soft, according to Elyse …

Auto insurance rates rise, but insurers could still qet squeezed by higher costs aheadRead More

Swiss Franc, Dollar, and Yen Jumped on Falling Global Benchmark Yields

The intra-week rebound in global benchmark treasury yields was rather short-lived. Yields in Germany, US and Japan then turned south after ECB’s decision on PEPP purchases. That came even though CPI jumped to 13-year high. It remains to be seen of investors are giving a strong node to central bankers’ view that it’s transitory. Swiss …

Swiss Franc, Dollar, and Yen Jumped on Falling Global Benchmark YieldsRead More

Tax refunds and stimulus checks delayed by identity fraud crossfire

Samuel Corum/Bloomberg via Getty Images Jeff Lavigne plans to use a tax refund this year for long-delayed medical help. Yet his refund, almost $2,700, has been in limbo since mid-March, when Lavigne filed his tax return, records show. The IRS flagged the return for potential identity theft — as it did for nearly 2 million …

Tax refunds and stimulus checks delayed by identity fraud crossfireRead More

Weekly Economic & Financial Commentary: Growth Comes with a Price

Summary United States: Growth Comes with a Price Whether it is businesses struggling to get their hands on the physical inputs needed to complete production or the labor to facilitate operations, supply continues to have difficulty meeting the robust pace of demand and this is giving way to price pressure across a number of sectors. …

Weekly Economic & Financial Commentary: Growth Comes with a PriceRead More

The Weekly Bottom Line: Higher Inflation On The Horizon

U.S. Highlights Consumer price inflation accelerated to 5.0% year-on-year (y/y) in May, once again coming in ahead of expectations. Soaring prices for used cars and trucks (up 30% y/y) were a major factor in higher inflation in the month. Job openings continue to soar, rising to 9.3 million in the latest April data. There are …

The Weekly Bottom Line: Higher Inflation On The HorizonRead More

Week Ahead: Is it Time for the Fed to Start Talking about Tapering?

After the BOC and the ECB provided markets with little new information regarding their bond buying programs at their respective interest rate decision meetings last week, the FOMC gets its turn this week.  With higher inflation and weaker than expected jobs data, will the Fed start talking about tapering? There are also several other central …

Week Ahead: Is it Time for the Fed to Start Talking about Tapering?Read More