Falling unemployment rate keeps Fed on track to accelerate winding down

Another drop in the unemployment rate in November keeps the Federal Reserve on track to accelerate the winding down of its stimulus programs at its meeting later this month, paving the way to raise interest rates in the first half of next year to curb inflation. . The Fed closed a chapter on its aggressive … Read more

Traders see the next US CPI reading close to 7% as volatile markets try to shake off omicron and the aggressive hub of the Federal Reserve

Financial markets, still on a roller coaster ride given the unknown impact of the coronavirus omicron variant and the aggressive turn of the Federal Reserve, may be in for another surprise when the next US consumer price index report is released Friday. Traders in derivative-type instruments known as “fixings” are betting that the nominal year-over-year … Read more

A crystal ball to understand the real estate market now

This article is reprinted with permission from The escape home, a newsletter for second home owners and those who want to become one. Subscribe here. © 2021. All rights reserved. Brokers describe the second home market as “stalled.” To better understand what that means, I’ve asked a few people in the industry to look into … Read more

Randal Quarles says the Fed should raise interest rates to cool inflation

A top Federal Reserve official said it was time for the central bank to prepare for a rate hike as inflation was likely to remain above the Fed’s 2% target for longer than expected. Fed Governor Randal Quarles said in his final public appearance before leaving the central bank at the end of the month … Read more

Turkey’s economic turmoil is fueling despair and inflation

ISTANBUL – The two-decade economic boom that has lifted millions of Turks into the middle class is beginning to unravel and is threatened by a currency crisis that sees people queuing for subsidized bread, eating less meat and fleeing for a better life in Europe. The Turkish lira has lost as much as 45% of … Read more

Fighting inflation without getting carried away

This year, inflation has become the risk everyone wants to protect against. It’s always good to have insurance, but insurance can get expensive and messy if everyone wants it at once. While protecting your portfolio against inflation, the most important thing to remember is that no strategy is a panacea. You will have to combat … Read more

The Fed faces another conundrum: the bond market isn’t following its lead

Has Jerome Powell channeled Paul Volcker over the past week by admitting that inflation is no longer transitory? Or will he end up looking more like Alan Greenspan and baffled if the bond market doesn’t follow the Federal Reserve’s lead toward higher interest rates? Powell, the current and likely future head of the central bank … Read more

November’s 210,000 new jobs mark the worst headline number of 2021, but there are bright spots

The numbers: The US added a paltry 210,000 new jobs in November, though companies took more aggressive hiring measures, marking a disappointing rise showing that the worst labor shortage in decades is still holding back the economic recovery. The hiring increase – the smallest in a year – was well below Wall Street’s expectations. Economists … Read more

Stocks today: Dow falls after weak jobs report

Font size Fed Chairman Powell acknowledged Tuesday that higher inflation was not temporary. Al Drago/AFP via Getty Images The stock market fell Friday as investors digested the November jobs report. The labor market is stronger than the overall result suggests, prompting the Federal Reserve to act more hastily as it removes monetary support from the … Read more

Brazil is a leader in Latin America when it comes to vaccinations. Why the market hasn’t caught up

A vaccination center in a volleyball arena in Medellin, Colombia. Latin American countries such as Colombia, Brazil and Chile have higher vaccination rates than other developing countries. JOAQUIN SARMIENTO/AFP via Getty Images Font size Pop Quiz: Are Covid Vaccination Rates Higher in the US or Brazil? The correct answer is Brazil, with 63% fully vaxxed, … Read more