Newsfeeds - Spark Newswire

2 minute read

Peter Schiff Points To Disney World Wrist Bands: ‘Many Price Increases Never Make It’ Into Official Inflation

Today, 2:08 PM

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, has highlighted the effects of inflation using an ‘entertaining’ example.

BND

2 minute read

Fed Officials Warn Of Expensive Holiday Season: ‘If You Decide To Host Family And Friends, Expect Significantly Higher Grocery Bill’

By Bhavik Nair

Today, 2:08 PM

The Federal Reserve is set to release its FOMC minutes on Wednesday which could give some indication about future rate hike paths.

BND

2 minute read

Larry Summers Says We’re In An Environment Of 2-Sided Risk: ‘Forecasters Should Have Humility’

By Bhavik Nair

Today, 2:08 PM

Former Treasury Secretary Lawrence H. Summers has said the markets are uncertain about what the U.S. Federal Reserve will do in the current economic environment which is witnessing a two-sided risk.

BND

2 minute read

Cramer Analyzes Legendary Trader Larry Williams’s S&P 500 Forecast: ‘Santa Claus Rally Coming To Town Next Month’

By Bhavik Nair

Today, 2:08 PM

Prominent market commentator Jim Cramer said on Monday that stocks in the benchmark S&P 500 are likely to rally next month.

BND

2 minute read

Watch Out, Traders! Dollar Index Breaches Key Level As Greenback Firms On China COVID-19 Worries, Hawkish Fed

By Bhavik Nair

Today, 2:08 PM

The U.S. dollar commenced the week on a strong note, with the dollar index rising 0.53% to 107.49, boosted by defensive buying as investors weighed in on a spike in COVID-19 cases in China.

BND

2 minute read

Larry Summers Backs Fed Moves, Urges Caution In US Diplomacy: ‘Not For Us To Tell China How They Should Organize Their Society’

By Bhavik Nair

Today, 2:08 PM

Former Treasury Secretary Lawrence H. Summers believes the U.S. Federal Reserve is on the right path in its fight against inflation.

BND

2 minute read

Larry Summers Considers Debt Limit ‘Much More Serious Risk’ Amid Rising Interest Rates, Divided Congress

By Bhavik Nair

Today, 2:08 PM

Former Treasury Secretary Lawrence H. Summers believes the debt limit terror is a very serious threat in the backdrop of the current political scenario. “Debt limit terror is a much more serious risk in the context of rising interest rates, Treasury market illiquidity and increased foreign holdings of U.S. securities,” Summers said.

BND

2 minute read

Recession Is ‘Price We Pay’ For Misreading Inflationary Pressures, Says Singapore Senior Minister

By Bhavik Nair

Today, 2:08 PM

Singapore’s Senior Minister Tharman Shanmugaratnam said on Tuesday that recession is the “price we pay” for misreading inflationary pressures and the ongoing spell of weakness in the global economy was due to central banks worldwide over-betting

BND

2 minute read

Why IMF Wants Policymakers To Focus On Containing Inflation Despite Growing Signs Of Global Slowdown

By Bhavik Nair

Today, 2:08 PM

The International Monetary Fund believes that despite growing evidence of a global slowdown, policymakers should continue to prioritize containing inflation, which is contributing to a cost-of-living crisis, hurting low-income a

BND

2 minute read

Fed’s Waller Says Rate Hikes Haven’t ‘Broken Anything’ So Far — But SPY, BND Tell A Different Story

By Bhavik Nair

Today, 2:08 PM

Federal Reserve Governor Christopher Waller is convinced the U.S. central bank is on the right path because its rate increases, so far, have not "broken anything."

BND