U.S. producer prices rise 10%, reinforcing Fed’s rate-hike path
It’s the latest indication of rapid inflation in the U.S., and prices are poised to accelerate further after Russia’s invasion of Ukraine sent prices of some raw materials to new highs.
Inflation
U.S. inflation hit fresh 40-year high of 7.9% before oil spike
The consumer price index jumped 7.9% from a year earlier following a 7.5% annual gain in January, Labor Department data showed Thursday. The widely followed inflation gauge rose 0.8%.
Futures mixed as U.S. nears Russia oil-import ban: markets wrap
Energy prices are complicating the task for policy makers, who face a delicate balancing act in tightening to curb inflation without killing the economic recovery.
Oil spike upends strategies as traders plot era of costly energy
A sustained jump in crude increases the prospect of a global recession and a return to the stagflation seen in the 1970s, where inflation runs hot but there’s no underlying economic growth.
Bonds gain as safety trumps inflation fears amid Russia fallout
The gains come even as the crisis spurred by Russia’s invasion of Ukraine threatens disrupt the supply of oil, natural gas and other key commodities, further fanning record high inflation expectations.
Treasury traders’ five-year inflation expectations top 3%
Bond traders’ expectations for how fast inflation will rise over the coming five years have topped 3% for the first time on record.
Inflation expectations surge to highest in more than a decade
Market-implied expectations for U.S. inflation for the next half-decade surged to the highest in 15 years amid the latest increase in commodity prices.
Coronavirus, elections could weigh on the FOMC
The dot plot will be the star of the meeting, but the coronavirus and the elections will be part of the discussion, economists say.
Powell’s Fed shifts to more relaxed approach to fight inflation
Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.
