China’s consumer prices climb as Covid prompts food stockpiling

China's consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | dpa | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in … Read more

April’s consumer price index report expected to show inflation has already peaked

April's consumer price index report expected to show inflation has already peaked

Shoppers inside a grocery store in San Francisco, California, US, on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a … Read more

Why the UK economy is one of the most vulnerable right now

Why the UK economy is one of the most vulnerable right now

George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the UK that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its mortgage market is “heavily … Read more

Your cash savings may get a higher return but only at certain banks

Your cash savings may get a higher return but only at certain banks

Guido Mieth | Digital Vision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not … Read more

Worried about a recession? Here’s how to prepare your portfolio

Worried about a recession? Here’s how to prepare your portfolio

FGTrade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts. … Read more

Ron Insana says the Fed is defying logic by trying to create a recession

Ron Insana says the Fed is defying logic by trying to create a recession

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images Volcker or Vulcan? Whom should the Fed emulate … Read more

Asian stocks follow Wall St down as rate hike worries grow

Asian stocks follow Wall St down as rate hike worries grow

Asian stocks have followed Wall Street lower as fears spread that US interest rate hikes to fight inflation might stall economic growth By JOE McDONALD AP Business Writer May 6, 2022, 4:34 AM • 3 min read Share to FacebookShare to TwitterEmail this article BEIJING — Asian stocks followed Wall Street lower Friday as fears … Read more

Market panic because of Biden and Powell’s inflation incoherence

Market panic because of Biden and Powell's inflation incoherence

Fed chairs have historically been inscrutable when talking in public, leaning on something called “Fedspeak.” By talking in riddles, financial markets don’t overreact to your every word. But speaking in riddles is different than acting acting in riddles. And that’s exactly what the Biden administration and Fed chair Jerome Powell are doing. That’s why we … Read more

Bank of England hikes interest rates in bid to fight soaring inflation

Bank of England hikes interest rates in bid to fight soaring inflation

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at … Read more

Why people moving out of big cities are seeing the most inflation

Why people moving out of big cities are seeing the most inflation

Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as more people relocate from expensive coastal cities to more affordable metro areas, according to an analysis released by Redfin on Tuesday. “We saw an acceleration of inflation happen … Read more