Australia and India raise interest rates to battle inflation–while developed economies worry about deflation
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Manufacturing growth above forecast in both U.S. and China edges stocks upward–but in China it’s also likely to fuel inflation
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Better than TIPS? 3 stocks with inflation protection and a positive yield
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...China’s inflation keeps on climbing, sending stocks into reverse in Shanghai
Yesterday, October 20, stocks climbed in Shanghai as Chinese investors convinced themselves that the move by the People’s Bank meant that the government would not act further to slow inflation or to reduce speculation in the real estate market. Today, October 21, they’ve reversed course.
Get ready for the Fed to resume buying Treasuries–today’s inflation number ends any debate
Think that there’s any chance that the Fed isn’t about to launch Quantitative Easing II? The core CPI, which subtracts volatile energy and food prices, was unchanged for September. That brought year-to-year core inflation down to just 0.8%. That’s the lowest annual rate of core inflation since 1961. The Fed’s target rate of core inflation is 2% to 2.5%.
Good news on jobs and deflation this morning
The economic news is giving the stock market all the help it can this morning to break through the top of the four-month-old trading range at 1127 on the Standard & Poor’s 500. New claims for unemployment fell to 451,000 from 478,000. Economists were expecting a much smaller decline to 470,000 for the week.