The market ended a tumultuous September as inflation fears, slowing growth and rising rates crept up.
Dip buyers at the wheel today
US futures turn positive after a rough start earlier in the day
At one point, US futures were down roughly 0.8% to 0.9% but dip buyers have stepped in over the past few hours to turn that all around now.
At one point, US futures were down roughly 0.8% to 0.9% but dip buyers have stepped in over the past few hours to turn that all around now.
Stagflation risks are overblown but dangerous times are still coming
High inflation isn’t the main problem
But high inflation is.
I reckon that is a key distinction that needs to be made when viewing the current problems faced globally and how central banks are going to respond to that.
But high inflation is.
I reckon that is a key distinction that needs to be made when viewing the current problems faced globally and how central banks are going to respond to that.
Bitcoin powers higher on the day, gains by nearly 10%
A quick pump in cryptos sees Bitcoin rise by nearly 10% to $47,770
After calmer tones earlier in the day, Bitcoin has shot up from just under $45,000 to a high of $47,770 and is holding that push in the past half-hour.
After calmer tones earlier in the day, Bitcoin has shot up from just under $45,000 to a high of $47,770 and is holding that push in the past half-hour.
Fed’s Kashkari: It makes sense to begin tapering in the not too distant future
Minneapolis Fed president, Neel Kashkari, speaks to WSJ in an interview
– Comfortable with where the FOMC seems to be heading
– But does not believe Fed needs to raise rates until 2024
His remarks on tapering fits with what the Fed is priming for before year-end but his timeline on rates is arguably leaning more towards the
– Comfortable with where the FOMC seems to be heading
– But does not believe Fed needs to raise rates until 2024
His remarks on tapering fits with what the Fed is priming for before year-end but his timeline on rates is arguably leaning more towards the
Eurozone data today lays bare the one big issue faced by the world
It is all about supply chain disruptions
This has been a topic that has been ongoing since the middle of the year but has grown in intensity over the past few months, especially when it comes to how all of this impacts inflation – something I talked about at the start of August .
This has been a topic that has been ongoing since the middle of the year but has grown in intensity over the past few months, especially when it comes to how all of this impacts inflation – something I talked about at the start of August .