Consumer prices rose both faster and slower in January. All that matters is where you draw the line. On Tuesday, the Bureau of Labor Statistics’ Consumer Price Index (CPI) for January showed prices rose 0.5% over the prior month to start 2023 and 6.4% over last year on a headline basis. The monthly increase in…
Powerful executives running public companies are collectively doing a great job at 1) worrying investors about the path forward for profit and cash flow growth this earnings season; and 2) managing expectations so their business could potentially beat earnings estimates even if the U.S. enters a mild recession in 2023. And if CEOs sound dreary…
While the big-name stocks may get the attention and the headlines, they’re not the only game in town. And sometimes, the market giants aren’t even the best place to turn for solid returns on that initial investment. There are small- to mid-cap stocks in the market that can present an unbeatable combination for income-minded investors:…
Inflation burned consumers in 2022. Prices rose faster than wages, on average, eroding the typical shopper’s purchasing power. Some things got so expensive buyers simply gave up. Consumers ought to get some revenge in 2023. Overall inflation has been slowing, from a peak of 9% in June to 7.1% in November. In coming months, there…
Forget about a soft landing in 2023. Should the Fed achieve its goal of reducing inflation, it’s all but guaranteeing a punishing recession next year caused by a rapidly deteriorating labor market. As Myles Udland laid out in Thursday’s Morning Brief, Fed Chair Powell strained credulity at his latest press conference while attempting to make…
Gold prices fell on Monday as the U.S. dollar firmed ahead of key inflation data, with investors awaiting the Federal Reserve policy meeting for more clues about its rate-hike stance. Spot gold slipped 0.4% to $1,788.69 per ounce, as of 0714 GMT. U.S. gold futures were down 0.6% at $1,799.10. The dollar index rose 0.3%….
Jamie Dimon is worried that U.S. consumers could spend away their savings as inflation continues to bite, sending the economy into a recession next year. The JPMorgan Chase CEO said on Tuesday that consumers still have $1.5 trillion more “in their checking accounts” than they did prior to the pandemic, but warned that that may…