🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now Inflation | Reuters
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| Last Updated | Dec 01 |
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🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now reuters.com
🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now reuters.com
🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now Inflation | Reuters
🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now Inflation | Reuters
🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now Inflation | Reuters
🔊 Baby boomers vs. everyone else — hear about America’s two-tier economy and what it means for inflation on Reuters Econ World. Listen and follow now Inflation | Reuters
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Federal judge temporarily blocks Kroger's $25 billion merger with Albertsons: The FTC argued that the Kroger-Albertsons merger would eliminate competition ...
fastcompany.com/91244478/krogers-albertsons-federal-judge-blocks-25-billion-merger-deal
Quick Glance: Albertsons Cancels $25 Billion Kroger Merger Plans
- Albertsons has canceled its merger with Kroger and is suing for breach of contract following court rulings against the deal.
- CEO Vivek Sankaran expressed disappointment over the court decisions and the tough choice to terminate the agreement.
- The attempt to create the largest grocery merger in U.S. history failed due to antitrust concerns raised by regulators.
- Albertsons claims Kroger did not make necessary efforts for regulatory approval, a charge Kroger strongly denies.
Gas prices are the lowest since 2021: Gas prices haven't been this low since spring 2021.
axios.com/2024/12/09/gas-prices-us-average-lowest-biden
Quick Glance: Gas Prices Hit Lowest Level Since 2021
- Gas prices in the U.S. have dropped to their lowest level since spring 2021.
- The current average price of $2.98 per gallon signals a positive trend for inflation and is welcomed by drivers ahead of the holiday travel season.
- The lower prices may politically benefit President-elect Donald Trump, contrasting the challenges faced by the Biden administration due to high prices in 2022.
- Gas prices are expected to decrease further by 10 to 15 cents by Christmas as demand typically wanes in cooler months.
Inflation in November: CPI rose 2.7%, matching the forecast: The consumer price index showed inflation accelerated again in November.
businessinsider.com/inflation-november-cpi-consumer-price-index-federal-reserve-interest-rates-2024-12
Quick Glance: US inflation rises, yet Fed still plans rate cut
- US inflation increased slightly to 2.7% in November, but this is unlikely to prevent the Fed from cutting rates.
- Consumer prices rose by 0.3% from October to November, marking the largest monthly increase since April.
- Despite the decline in inflation, pressure from tariffs and policy changes may affect future pricing.
- The Fed is expected to adjust its rate cuts while the economy remains strong.
Albertsons abandons merger and sues Kroger: Albertsons said Wednesday that it has terminated a $25 billion merger agreement with Kroger and will sue the grocery ...
thehill.com/homenews/5034389-albertsons-kroger-merger-terminated/
Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again
huffpost.com/entry/biden-trump-economy_n_675883fae4b0f51b80bdf9ca
Quick Glance: Biden Grants Historic Clemency to 1,500 Individuals
- President Joe Biden has commuted the sentences of approximately 1,500 individuals released from prison to home confinement during the COVID-19 pandemic.
- This represents the largest single-day act of clemency in modern history, focusing on nonviolent offenders who have shown remorse and rehabilitation.
- Biden plans to take further steps in reviewing clemency petitions amid pressure from advocacy groups to pardon additional individuals.
- The decisions may also be influenced by political factors, especially concerning potential legal repercussions related to investigations of Trump.
Argentina: has Javier Milei proved his critics wrong?: In his first year, the libertarian president has stabilised a turbulent economy, while retaining the ...
ft.com/content/35b444a1-608c-48b5-a991-01f2ac3362be
Quick Glance: Milei: Trump's New Favorite Leader from Argentina
- Javier Milei, known as 'the madman,' has been called Donald Trump's 'favorite president.'
- His severe budget cuts have led to a rise in poverty in Argentina, despite a decrease in inflation.
- The American right's admiration for Milei reflects a return to traditional small-government conservatism, with figures like Elon Musk advocating for drastic spending cuts.
- Milei's ability to rally a working-class base around austerity may offer insights for future political strategies in the U.S.
Trump sticks by tariffs, won't guarantee inflation impacts: He's always insisted that U.S. trading partners would carry the tariff burden.
axios.com/2024/12/08/trump-tariffs-inflation
Quick Glance: Trump Stands Firm on Tariffs, Inflation Uncertain
- President Trump reaffirmed his plans to impose tariffs and boost oil production, despite potential impacts on consumers.
- His announcement to raise tariffs on major trading partners could lead to increased inflation, which was a critical factor in the elections.
- Trump dismissed economists' concerns about tariffs causing price hikes and admitted he could not guarantee prices will not rise.
- He also stated that he currently does not plan to fire Fed Chair Jerome Powell, aiming to signal stability.
India: Is the world's fastest-growing big economy losing steam?: India's economy slumped to 5.4% , below the central bank's RBI's 7% forecast. What's going on?
bbc.com/news/articles/c8dq9rj63lmo
Trump won't rule out revenge prosecutions, deportation of U.S. citizens when he takes office
pbs.org/newshour/politics/trump-wont-rule-out-revenge-prosecutions-deportation-of-u-s-citizens-when-he-takes-office
ECB lowers key interest rate by 0.25 percentage points: the consequences for your money
businessinsider.de/wirtschaft/leitzins-ezb-neue-zinssenkung-die-folgen-fuer-die-wirtschaft-und-fuer-euer-geld/
Quick Glance: ECB Lowers Interest Rates to 3% Amid Economic Concerns
- The ECB has reduced interest rates by 0.25% to 3% to address the weakening economy.
- Despite a slight decrease in inflation, core inflation remains stubbornly high at 2.7%.
- Economic indicators suggest a potential contraction, while geopolitical uncertainties are rising.
- Economists anticipate that the ECB will continue to gradually lower rates in the first half of the upcoming year.
Janet Yellen warns Donald Trump’s sweeping tariffs could ‘derail’ inflation progress
ft.com/content/9f2a8d3d-0ec3-49db-8a18-e6ecd5a2a537
Chipotle is raising prices after promising bigger portions: Chipotle is raising its U.S. prices to offset inflation and to compensate for a promise to increase ...
abcnews.go.com/Business/wireStory/chipotle-raising-us-prices-after-promising-bigger-portions-116534022
Bank of Canada made the right call, despite conflicting data making it hard: The Bank of Canada’s mandate is to keep inflation stable and predictable; its ...
theglobeandmail.com/business/commentary/article-bank-of-canada-made-the-right-call-despite-conflicting-data-making-it/
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
apnews.com/article/inflation-prices-economy-federal-reserve-interest-rates-1a2a3e332537b34b4d03c24d5281287f
Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January: Reuters poll
reuters.com/markets/us/federal-reserve-cut-rates-by-25-bps-dec-18-pause-january-2024-12-10/
Reddit 17m
Why Altcoins Were Zooming Higher on Wednesday: Market-boosting catalysts, from the introduction of spot exchange-traded funds (ETFs) to a presidential election ...
fool.com/investing/2024/12/11/why-altcoins-were-zooming-higher-on-wednesday/
Pension fund assets hit N21.92 trillion in October – PenCom: "As of October 2024, the CPS has recorded 10.53 million registered contributors and boasts ...
premiumtimesng.com/business/business-news/760920-pension-fund-assets-hit-n21-92-trillion-in-october-pencom.html
How the NHS, schools, police and trains could be hit by strike action: Unions have warned of further rounds of strikes in education and the NHS if pay offers are ...
inews.co.uk/news/politics/strikes-nhs-schools-police-trains-3427921
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
apnews.com/article/europe-economy-interest-rates-trump-tariffs-e1a234e129e1263bfb0defaa2fe0e7ee
Wholesale prices rose 0.4% in November, more than expected: The producer price index was expected to increase 0.2% in November, according to the Dow Jones ...
cnbc.com/2024/12/12/producer-price-index-november-2024-.html
Forbes Daily: Elon Musk’s Fortune Hits New High, Briefly Surpassing $400 Billion: Thursday’s edition of Forbes Daily covers a record high for the Nasdaq ...
forbes.com/sites/daniellechemtob/2024/12/12/forbes-daily-elon-musks-fortune-hits-new-high-briefly-surpassing-400-billion/
Chances of Fed rate cut rise despite higher November inflation report: The market sees the probability of another 25 basis point interest rate cut at next week's ...
foxbusiness.com/economy/chances-fed-rate-cut-rise-despite-inflation-ticking-higher
Bitcoin Lifted Above $100,000 on Firming Expectations of Fed Cut
trib.al/aCS4lSp
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Fed Rate Cuts Look Nailed on After Inflation Data, Market Faces 2025 Disappointment. And 5 Other...
trib.al/B7dorav
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Global economy bracing for Trumpworld: On the eve of Donald Trump’s election win in November, the world economy was already under stress with a slowing Europe ...
asiatimes.com/2024/12/global-economy-bracing-for-trumpworld/
Quick Glance: Global Economy Faces Uncertainty After Trump's Victory
- The global economy is under pressure from Trump's election, with increasing uncertainty surrounding future economic policies.
- Key aspects of Trump's economic agenda include mass deportations, corporate tax cuts, and increased tariffs, particularly against China.
- These measures pose inflation risks and may compel the Federal Reserve to maintain vigilance over monetary policy.
- Uncertainty in US-China relations could adversely affect the EU, especially regarding trade agreements.
RRR Mode For New RBI Gov: Sanjay Malhotra's Focus Should Be Rates, Rupee, And Regulation - Forbes India
forbesindia.com/article/take-one-big-story-of-the-day/rrr-mode-for-new-rbi-gov-sanjay-malhotras-focus-should-be-rates-rupee-and-regulation/94828/1
A nugget of good news in CPI inflation report may cement Fed interest-rate cut: Inflation has risen since the summer and raised anxiety at the Federal Reserve ...
trib.al/3xxmETl
South Africa: High Inflation Continues to Burden Poor Households - South African News Briefs - December 12,...
allafrica.com/stories/202412120097.html
CPI Inflation Rises To 2.7% In November: This year’s final CPI report precedes an expected rate cut from the Federal Reserve.
forbes.com/sites/tylerroush/2024/12/11/cpi-inflation-rises-to-27-in-november/
Asian stocks rise after US inflation data clears way for rate cut: Currencies strengthen against dollar as investors position for loosening by Federal Reserve
ft.com/content/f5bd0368-fcd3-4cdb-9aa2-1470674ff841
US inflation: Inflation rate in the USA continues to rise: Inflation in the USA continues to rise. In November it moved further away from the Federal ...
handelsblatt.com/finanzen/geldpolitik/us-inflation-teuerungsrate-in-den-usa-nimmt-weiter-zu/100093838.html
New NHS strike warning as No 10 doubles down on 2.8% public sector pay deal: Above-inflation pay increases will not be possible unless Government employees ...
inews.co.uk/news/politics/nhs-strike-warning-public-sector-pay-deal-3427148
Gold Holds Four-Day Climb as US Data Reinforce Rate-Cut Outlook: Gold held a four-day advance after a key US inflation report supported expectations for another ...
bloomberg.com/news/articles/2024-12-12/gold-holds-four-day-climb-as-us-data-reinforce-rate-cut-outlook
Paid articlePaywallWall Street Sends Big Tech to Fresh Highs After Inflation Report: Good morning. Big Tech and Elon Musk’s big fortune dominate markets. Huawei’s chip advances are ...
bloomberg.com/news/newsletters/2024-12-11/wall-street-sends-big-tech-to-fresh-highs-after-inflation-report
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Why Labor Data Matters for Mortgage Rates and the Fed: The Fed analyzes the jobs report to determine its next interest rate move, which impacts the mortgage ...
cnet.com/personal-finance/why-labor-data-matters-for-mortgage-rates-and-the-fed/
Why judges were wrong to block the Kroger-Albertsons merger: Antitrust concerns rest on an outdated idea of how Americans shop
economist.com/business/2024/12/11/why-judges-were-wrong-to-block-the-kroger-albertsons-merger
Paid articlePaywall
Nasdaq closes above 20,000 for first time on tame U.S. inflation: NEW YORK (Reuters) -- Wall Street's benchmark S&P 500 index rose on Wednesday and a ...
asia.nikkei.com/Business/Markets/Equities/Nasdaq-closes-above-20-000-for-first-time-on-tame-U.S.-inflation
Stock market today: Nasdaq tops 20,000 in record first after CPI data: Tech stocks soared on Wednesday, boosted by the prospect of a rate cut at next week's Fed ...
markets.businessinsider.com/news/stocks/stock-market-today-nasdaq-record-high-tech-rally-cpi-inflation-2024-12
Australia News Today: Trump tariff risk, Aussie stock rally: Good morning, it’s Georgie here in sunny Sydney, with this morning’s top news.. ...
bloomberg.com/news/newsletters/2024-12-11/australia-news-today-trump-tariff-risk-aussie-stock-rally
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Daily Sabah Dec 11
Disinflation in Türkiye in line with soft landing goal: Experts: Türkiye’s disinflation path is consistent with the country’s goals of a soft landing ...
dailysabah.com/business/economy/disinflation-in-turkiye-in-line-with-soft-landing-goal-experts
Mortgage Predictions: How Will the Fed Respond to Today's Inflation Data?: Mortgage rates could fall, but the economy will have to get a lot weaker first.
cnet.com/personal-finance/mortgage-predictions-how-will-the-fed-respond-to-todays-inflation-data/
US Inflation Data No Longer Moves Treasuries as Much: Swings in the $29 trillion Treasury market have gotten smaller in reaction to fresh US inflation data as ...
bloomberg.com/news/articles/2024-12-11/treasuries-aren-t-swinging-on-inflation-data-like-they-used-to
Paid articlePaywallUS Equities Are Euphoric Despite Inflation To Come: After the consumer price inflation data came out, KPMG Chief Economist Diane Swonk said the Federal Reserve ...
bloomberg.com/news/newsletters/2024-12-11/us-equities-are-euphoric-despite-inflation-to-come
Paid articlePaywallCPI Report: Fed Seen Likely to Cut Rates in December But More Cautious in 2025: Fresh inflation figures are likely to make the Federal Reserve more cautious ...
bloomberg.com/news/articles/2024-12-11/inflation-gives-fed-green-light-for-december-yellow-for-2025
Paid articlePaywallSouth African rand slips ahead of US, local inflation data: South Africa's rand weakened against a stronger dollar on Tuesday as investors shifted their focus ...
reuters.com/world/africa/south-african-rand-slips-ahead-us-local-inflation-data-2024-12-10/
Taxpayers could get $500 'inflation refund' checks under New York proposal: What to know
usatoday.com/story/money/2024/12/10/new-york-kathy-hochul-inflation-refund-checks/76888968007/
Bond Investors Await Inflation Data That Could Sway Fed Choice: Bond traders are on high alert for a fresh dose of inflation data out on Wednesday that could ...
bloomberg.com/news/articles/2024-12-11/bond-investors-await-inflation-data-that-could-sway-fed-choice
Paid articlePaywallNasdaq Rises To All-Time High—Hitting 20,000 For First Time: Analysts remained optimistic about interest rate cuts after an inflation report fell in line with ...
forbes.com/sites/tylerroush/2024/12/11/nasdaq-rises-to-all-time-high-hitting-20000-for-first-time/
Can the U.S. Climb Out of Its ‘Unprecedented’ Housing Crisis?: The 2024 housing market was the slowest in decades. Next year’s might not be much better ...
nytimes.com/2024/12/11/realestate/housing-market-2024-2025.html
Romania Insider 22h
Inflation in Romania jumps to 5% in November: The inflation rate in Romania increased to 5.1% amid higher political turmoil after coming down to to 4 ...
romania-insider.com/inflation-romania-jumps-5-november-dec-2024
ECB set to trim interest rates again: What's next and why it matters: The ECB is set to cut rates by 25 basis points to 3%, with further easing expected ...
euronews.com/business/2024/12/11/ecb-set-to-trim-interest-rates-again-whats-next-and-why-it-matters
Business Insider 23h
ECB to cut interest rates: The consequences for the economy and your money: This Thursday, the ECB is expected to cut the base interest rate again ...
businessinsider.de/wirtschaft/leitzins-ezb-vor-neuer-zinssenkung-die-folgen-fuer-die-wirtschaft-und-euer-geld/
The Russian economy has slipped into a vicious circle: The rouble has recovered from its recent slump. But the economic situation in Russia remains tense ...
diepresse.com/19163380/die-russische-wirtschaft-ist-in-einen-teufelskreis-geschlittert
What big-bank CEOs are expecting — good and bad — from Trump 2.0: The top executives at some of the nation's largest banks spoke Tuesday about their expectations ...
americanbanker.com/news/what-big-bank-ceos-are-expecting-good-and-bad-from-trump-2-0
Malaysians, Singaporeans hurl barbs over expat-linked living costs squeezing locals
scmp.com/week-asia/lifestyle-culture/article/3290280/malaysians-singaporeans-hurl-barbs-over-expat-linked-living-costs-squeezing-locals
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DAX and Dow Jones: US inflation rises as expected - | Indices increase: US inflation developed as expected in November.
deraktionaer.de/artikel/aktien/dax-und-dow-jones-us-inflation-steigt-wie-erwartet-indizes-legen-zu-20371637.html
US Inflation in Line With Forecasts Solidifies Bets on Fed Cut: US consumer prices rose at a firm pace in November that was in line with expectations ...
bloomberg.com/news/articles/2024-12-11/us-core-inflation-stays-firm-with-fourth-straight-0-3-increase
Paid articlePaywall
Biden acknowledges inflation pain, warns against Trump policies - UPI.com: President Joe Biden's economic policies are working despite the pain inflation ...
upi.com/Top_News/US/2024/12/10/u-biden-brookings-speech/7321733880619/
Why the Fed needs to keep interest rates higher for longer: Economist: While inflation has moderated from its peaks during the pandemic, it remains above the ...
finance.yahoo.com/video/why-fed-needs-keep-interest-213056307.html
European markets mixed as traders await U.S. inflation data; Zara owner Inditex down 6%
cnbc.com/2024/12/11/european-markets-live-updates-us-inflation-data-and-earnings.html
After President Milei’s first year, Argentina’s economy is looking strangely ... normal
csmonitor.com/World/Americas/2024/1210/Argentina-President-Milei-inflation-economy-Trump
Paid articlePaywallWhat the Walmart Recession Signal Is Saying About Stocks : With exuberance everywhere on Wall Street (check out the $350 billion valuation for SpaceX) ...
bloomberg.com/news/newsletters/2024-12-11/what-the-walmart-recession-signal-is-saying-about-stocks
Paid articlePaywall
RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor
abc.net.au/news/2024-12-11/andrew-hauser-rba-donald-trump-trade-tariffs-inflation/104713590
Gold prices flat as US inflation data takes center stage: Gold prices traded mostly flat on Wednesday as investors looked forward to a critical U.S ...
reuters.com/markets/commodities/gold-touches-two-week-peak-us-inflation-data-focus-2024-12-11/
RBA Will Be Alert, Ready to React on Trump Tariffs, Hauser Says: Fallout on Australian inflation from President-elect Donald Trump’s proposed tariffs is ...
bloomberg.com/news/articles/2024-12-11/rba-will-be-alert-ready-to-react-on-trump-tariffs-hauser-says
Paid articlePaywallNasdaq outshines Wall Street peers on tech boost with focus on inflation data
reuters.com/markets/us/futures-stall-investors-await-inflation-data-2024-12-10/
Stock market today: Indexes fall ahead of November inflation report: Stocks wobbled before a key inflation report. November CPI data comes ahead of the Fed's ...
markets.businessinsider.com/news/stocks/stock-market-today-indexes-selloff-oracle-google-cpi-fed-inflation-2024-12
Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot?
trib.al/rlAt978
Khaleej Times Dec 11
Dubai: 22K gold price soars past Dh300 mark again - News | Khaleej Times: Market attention now turns to upcoming US inflation reports, which could be crucial in ...
khaleejtimes.com/business/markets/dubai-22k-gold-price-soars-past-dh300-mark-again
Asia-Pacific markets trade mixed as investors await key policy meeting in China: South Korea reported seasonally adjusted unemployment rate at 2.7% in November ...
cnbc.com/2024/12/11/asia-markets.html
Markets Today: Vishal Mega, MobiKwik IPOs; US inflation data; Gold rates: Stock Market Today: In the previous session, the Sensex settled at 81,510.05 ...
business-standard.com/markets/news/markets-today-vishal-mega-mobikwik-ipos-us-inflation-data-gold-rates-124121100062_1.html
Stocks rise after November inflation report comes in as expected: Live updates: Stocks rose after November's inflation report met economists' projections ...
cnbc.com/2024/12/10/stock-market-today-live-updates.html
US November CPI Report to Show Fourth-Straight Month of Firm Price Increases: Forecasters expect a monthly report on US consumer prices to show a fourth-straight ...
bloomberg.com/news/articles/2024-12-11/us-inflation-data-to-show-fourth-consecutive-month-of-firm-gains
Paid articlePaywall Interest rates: What investment experts expect from the Fed and the ECB in 2025: Interest rates in the eurozone and the USA will continue to fall until the end ...
handelsblatt.com/finanzen/geldpolitik/zinsen-was-geldanlage-experten-von-fed-und-ezb-2025-erwarten/100093736.html
The CPI report Wednesday is expected to show that progress on inflation has hit a wall
cnbc.com/2024/12/10/the-cpi-report-wednesday-is-expected-to-show-progress-on-inflation-has-hit-a-wall.html
Ibovespa Continues to Rise Amid Fiscal Package Expectations: The Brazilian stock market, represented by the Ibovespa index, has gained momentum ...
riotimesonline.com/ibovespa-continues-to-rise-amid-fiscal-package-expectations/
Bitcoin: Because Trump and Musk are politicizing crypto, everything is changing for investors
focus.de/finanzen/gastbeitrag-von-gabor-steingart-bitcoin-weil-trump-und-musk-krypto-politisieren-aendert-sich-fuer-anleger-alles_id_260549313.html
Dollar Retreats to R$ 6.04 Amid Fiscal Package Negotiations and Lula’s Health Concerns
riotimesonline.com/dollar-retreats-to-r-6-04-amid-fiscal-package-negotiations-and-lulas-health-concerns/
The USDA Suspended Cattle Trade With Mexico Due to a 'Flesh-Eating' Parasite
foodandwine.com/usa-suspends-mexican-cattle-imports-new-world-screwworm-8758406
Trump should be thanking Jerome Powell for his second term: The chairman of the Federal Reserve presided over the worst inflation in 40 years ...
americanbanker.com/opinion/trump-should-be-thanking-jerome-powell-for-his-second-term
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