Australian CPI blows hot in Q2, core inflation far cooler
Australia’s consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government subsidies unwound, but a far tamer reading for core inflation suggested the spike would be fleeting.
S&P 500 ends higher after Fed Chair Powell lulls market
The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.
Asian shares lower on U.S. inflation jitters
Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years fuelled some market expectations that the Federal Reserve could exit pandemic-era stimulus earlier than previously thought.
U.S. consumer prices post largest gain in 13 years; inflation has likely peaked
U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.
Analysis: Investors pivot to Powell after more hot U.S. inflation data
The biggest rise in U.S. consumer prices in 13 years has intensified investor focus on messaging from the Federal Reserve, with the central bank’s chairman set to speak before Congress on Wednesday.
S&P 500 and Nasdaq end lower after hitting record highs
The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.
White House still sees inflation abating, can’t say exactly when
The White House expects supply chain pressures that are fueling higher inflation to abate in the “not-too-distant future,” but cannot say exactly when, a senior official said on Tuesday after June consumer prices showed the biggest gain in 13 years.
ARK Invest’s Cathie Wood looks past rising consumer prices to focus on deflation
Deflation will likely become a larger force in financial markets in the year ahead despite the recent spike in consumer prices to 13-year highs, star stockpicker Cathie Wood of Ark Invest said in a webinar on Tuesday.
BOJ to launch new scheme for fighting climate change, keeps policy steady
The Bank of Japan surprised markets on Friday by unveiling a plan to boost funding for fighting climate change, joining a growing number of central banks stepping up efforts to address its economic and financial fallout.
Analysis: As Fed taper inches closer, investors prepare for volatility ahead
As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead.
