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Day: July 13, 2021

Inflation just jumped the most in years, yet markets are largely ignoring it. Here’s why

Consumer prices just posted their largest one-month jump in nearly 13 years, a fact that might tempt some to conclude that a white-hot U.S. economy is on the brink of runaway inflation. But a spike in the June 2021 consumer price index reading may, in fact, be little cause for alarm. That’s because a significant …

Inflation just jumped the most in years, yet markets are largely ignoring it. Here’s whyRead More

Inflation climbs higher than expected in June as price index rises 5.4%

Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy, the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year earlier, the largest jump since August 2008, just before the worst of the financial crisis. …

Inflation climbs higher than expected in June as price index rises 5.4%Read More

Fed’s Mary Daly says tapering of bond purchases may start this year

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly told CNBC on Tuesday that a strong economic recovery will allow the central bank to slow its asset purchases, possibly near the end …

Fed’s Mary Daly says tapering of bond purchases may start this yearRead More

Hot Inflation Surprise, Choppy Stock Session, Earnings JPM, GS, & Pepsi, Bitcoin Lower

US stocks initially shrugged off a strong start to earnings seasons and traded lower after a hot inflation report unnerved some investors as expectations grow that the Fed will have to acknowledge that higher inflation will stick around. Today’s earnings season kick-off saw spectacular results from Pepsico, solid numbers from Goldman Sachs and mixed earnings …

Hot Inflation Surprise, Choppy Stock Session, Earnings JPM, GS, & Pepsi, Bitcoin LowerRead More

US Transportation Demand Recovery Pushed Prices Higher in June

Headline inflation up 5.4% in June from year-ago and core (ex-food and energy) up 4.5%Base effects continue to be at play; transportation related prices surged againPrice gain still relatively narrowly based; more guidance on tapering from Fed in August US headline inflation in June beat consensus estimates for the third month in a row, posting …

US Transportation Demand Recovery Pushed Prices Higher in JuneRead More

Dollar Rebounds after Strong US CPI Reading, But Still Range Bound

Dollar rebounds strongly in early US session after much stronger than expected CPI inflation reading. The headline reading has indeed been trend up every month since January and showed no sign of slowing yet. Yen also rebounds following the greenback. Meanwhile Sterling and Canadian Dollar are the weakest ones for today for the moment. Technically, …

Dollar Rebounds after Strong US CPI Reading, But Still Range BoundRead More