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Fed's Powell says decades-long trend of weak inflation likely won't change from new stimulus - at least not immediately
5 days ago | By Business Insider
Jerome Powell.
Getty Images / Tasos Katopodis
Reopening and new stimulus will likely lift inflation later in 2021, Fed Chair Jerome Powell said.
Still, the uptick will likely be small and only temporary, he added in a Tuesday Senate hearing.
Powell said he expects the tendency for inflation to come in below the Fed's target to linger.
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Additional fiscal stimulus is expected to lift inflation, but the quarter-century trend of weak price growth will likely remain intact, Federal Reserve Chair Jerome Powell said Tuesday. With Democrats...
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Fears of inflation are overblown, but it could still trigger near-term stock market volatility, UBS says
5 days ago | By Business Insider
Spencer Platt/Getty Images
UBS says that inflation may spike in the near-term as pent-up demand meets constrained supply. But fears of long-term inflation are overblown, the firm added. Such concerns could still trigger bouts of market volatility and investors should own cyclical stocks, said UBS. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. UBS's chief investment officer of global wealth management says investors should brace for a near-term spike in inflation, but concerns about a long-term rise are overblown.
"...While we think inflation may spike in the...
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Business Reservation Reservations Economy Markets Federal Reserve Fed Jerome Powell Fed Chair Federal Reserve Chairman Jerome Powell Inflation Inflation Expectations Inflation outlook Economic Reopening Economic Recovery Senate Banking Committee Recommender Stock Market Outlook Stock Market Analysis Stocks Stocks and inflation Mark Haefele UBS VolatilityMeatpacker JBS will provide COVID-19 vaccines to 8,500 workers in eight states
The Washington Post / Contributor The 8,500 JBS workers are at plant locations including in Colorado, Texas, Utah, and Nebraska. Around 700 workers at an Illinois facility will... Read more ...
Hyundai's Kona EV Recall Is One Of The Most Expensive In History
Some of Hyundai's electric vehicles have had a pesky problem: they can light on fire. So far, there have been only been 15 reports of fires, but the risk is too great for... Read more ...
Legacy Manhattan Hotel, The Carlyle, Has A New Clothing Line
Made in collaboration with L.A.'s Frame, east and west coast sensibilities collide. Read more ...
5 ways to hedge against an inflation spike, plus what it's like to work for...
And welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets, as well as what to expect in the coming weeks. Here's... Read more ...
These Are Rallycross Champion Tanner Foust's 6 Tips For Winter Driving
We may be getting close to March, and spring is in the air... but there are still plenty of Northerners who have at least another month of snow and ice to cope with. So, here... Read more ...
Mexico is expected to ask Biden to share US COVID-19 vaccines, sources say
Then-Vice President Joe Biden, left, shakes hands with Andrés Manuel López Obrador in Mexico City on March 5, 2012. REUTERS/Tomas Bravo/File Photo López Obrador is expected to... Read more ...
Here's what will happen when Queen Elizabeth II dies
The Queen has been sitting on the royal throne since 1952 - that's the longest reign of any monarch in British history. Operation London Bridge is the code name given to the... Read more ...
Why it's so hard for planes to land on water
When US Airways Flight 1549 landed in the Hudson river, all 150 passengers survived and the event was dubbed the Miracle On The Hudson. But despite that success, landing a... Read more ...
Hockney Meets Van Gogh At The Museum Of Fine Arts, Houston
Vincent van Gogh and David Hockney. The world is full of things that we might not think go together. These two artistic geniuses do now at the Museum of Fine Arts, Houston. Read more ...
Hilton Abu Dhabi Yas Island Opens To The Public
The new leisure resort is situated on the happening Yas Bay's Waterfront. Read more ...