Friday, January 21st, 2022

Tag: inflation

Peloton is hiking prices because of inflation

Beginning January 31, customers will be required to pay $250 for delivery and setup for Peloton’s $1,495 bike — a service that the company previously included in the price. Customers buying Peloton’s Tread treadmills...

UK inflation surges to highest level in 30 years

Inflation increased to 5.4% in December, the Office for National Statistics said on Wednesday, the highest rate since 1992. The biggest price rises were for transportation, food and beverages, furniture, housing and household goods....

Why no one has a quick fix for inflation — not even Joe Biden or Jerome Powell

But the cause of inflation doesn’t lie with any single government action or lack of action. And fixing it — that is, bringing current inflation of 7% back down to the more comfortable 2%...

Inflation: Why prices will keep soaring in 2022

Prices have climbed so high it will take some time for them to come back down to earth. In other words, the uncomfortable inflation numbers of 2021 will likely stay with us well into...

Stocks slide on inflation fears but market may be ignoring risk of Omicron shutdowns

The Dow fell more than 530 points Friday, about 1.5%, as fears grew that the Fed could potentially cause an economic slowdown by tightening too aggressively. Such concerns are global: Investors everywhere are worrying...

Premarket stocks: Inflation is bad enough. One country is making it even worse

You can quibble over the timing or the size of interest rate hikes, but just about every economist agrees that when prices rise quickly, higher borrowing costs can help reduce demand and inflation. Not...

Bank of England hikes interest rates to combat surging inflation

The central bank’s Monetary Policy Committee said Thursday that it would raise interest rates from the record low of 0.1% to 0.25%, the first such move by any major central bank since the start...

Some inflation causes will be difficult to overcome

Campbell Soup CEO Mark Clouse told CNBC’s Jim Cramer on Wednesday that he believes some causes of inflation will be more difficult to move past than others during the pandemic economic recovery. “Clearly parts...

Fed’s inflation pivot could be catastrophic for stocks, fund manager says

U.S. Treasury Secretary Janet Yellen (L) and Federal Reserve Board Chairman Jerome Powell (R) testify during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington,...

IMF urges Fed to speed up policy tightening amid rising inflation risk

Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters The...