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Press play to listen to this article ISTANBUL — Restaurants have invested in wipe-clean menus so they can update their prices daily. Taxi drivers are asking passengers to top up their fares to meet rising fuel costs. A cappuccino that cost 20 lira earlier this year is now 30 lira. “It’s ridiculous,” said Osman, who … Read More “With Turkey’s economy in crisis, Erdoğan picks fights abroad – POLITICO” »
Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery/AFP via Getty Images Stocks wavered on Wednesday ahead of a summit of top central bankers where investors will closely watch for signals of the Federal Reserve’s pathway on monetary policy. Futures for the Dow Jones Industrial Average rose 40 … Read More “Stock Market Today: Dow Futures Waver Ahead of Powell Remarks at Summit” »
Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read More “Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.” »
India’s central bank is hopeful that required monetary policy actions will be more moderate than in the rest of the world and there are indications that inflation is peaking, deputy governor Michael Patra said in a speech on Friday. Patra said internal research has showed that growth is unambiguously impaired when inflation exceeds 6% and … Read More “Inflation peaking; RBI dy gov Patra hopeful India will need moderate monetary policy action vs peers” »
By now even the most ardent tech and growth-stock enthusiasts realize the bull market is over. John Kornitzer’s approach to selecting high-quality stocks for the Buffalo Flexible Income Fund is one that has worked well during the bear market. High inflation, uncertainty in so many industries amid supply-chain issues and labor shortages, the Federal Reserve’s … Read More “This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks” »
Text size People walk along Wall Street, near the New York Stock Exchange in New York. ED JONES/AFP via Getty Images Stock futures fell Wednesday, eating into a good chunk of the previous session’s gains, as investors went back to worrying that the Federal Reserve’s aggressive plans to tighten monetary policy could lead the U.S. … Read More “Dow Futures Sink on Recession Fears, Ahead of Powell Testimony” »
Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read More “Stocks Historically Don’t Bottom Out Until the Fed Eases” »
Text size At the news conference following the rate hike, Fed Chairman Jerome Powell admitted that the policy-setting committee was taken aback by news of rising prices and weaker-than-expected retail sales and housing starts. Olivier Douliery/AFP via Getty Images It’s the central bankers’ world, and we just live in it. So, as they hiked interest … Read More “The Fed Turns Aggressive as Inflation Meets Signs of an Economic Slowdown” »
Investors are anxious the stock market may be facing an earnings recession, potentially leading to deeper losses after the S&P 500 index just suffered its worst week since March 2020. “It’s pretty clear that earning estimates are probably going to come down after rising since the first of the year,” said Bob Doll, chief investment … Read More “Why stock-market investors are ‘nervous’ that an earnings recession may be looming” »
In a spirited rebuttal of the charge that the Reserve Bank of India (RBI) was too slow to act against inflation, governor Shaktikanta Das on Friday said that any move to prematurely tighten monetary policy would have been disastrous for economic growth. “During the time of Covid, the monetary policy committee consciously decided to tolerate … Read More “FE Modern BFSI Summit 2022: Faster tightening of monetary policy would have been disastrous for economy, says RBI Governor Shaktikanta Das” »
