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3232JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation
https://www.digit.info/jpmorgan-ceo-warns-of-recession-threat-higher-inflation-stagflation/
Mon, 16 Sep 2024 00:46:13 +0000https://www.digit.info/jpmorgan-ceo-warns-of-recession-threat-higher-inflation-stagflation/Read more]]>JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]
]]>Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023
https://www.digit.info/blackrock-ceo-expects-inflation-to-persist-but-no-major-us-recession-in-2023/
Sat, 15 Apr 2023 19:30:48 +0000https://www.digit.info/2023/04/15/blackrock-ceo-expects-inflation-to-persist-but-no-major-us-recession-in-2023/Read more]]>Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” […]
]]>Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
https://www.digit.info/market-strategist-michael-wilkerson-believes-us-inflation-could-rise-to-12-by-year-end-despite-predictions-of-decrease/
Sun, 26 Feb 2023 19:30:43 +0000https://www.digit.info/2023/02/26/market-strategist-michael-wilkerson-believes-us-inflation-could-rise-to-12-by-year-end-despite-predictions-of-decrease/Read more]]>While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]
]]>Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
https://www.digit.info/federal-reserve-hikes-rate-by-50bps-fomc-signals-rate-to-rise-to-5-1-next-year/
Wed, 14 Dec 2022 21:00:53 +0000https://www.digit.info/2022/12/14/federal-reserve-hikes-rate-by-50bps-fomc-signals-rate-to-rise-to-5-1-next-year/Read more]]>The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s rate hike follows the recent U.S. inflation report which indicated […]
]]>Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%
https://www.digit.info/bank-of-england-hikes-repo-rate-by-75bps-uks-30-year-fixed-mortgage-rate-jumps-to-7/
Thu, 03 Nov 2022 17:30:59 +0000https://www.digit.info/2022/11/03/bank-of-england-hikes-repo-rate-by-75bps-uks-30-year-fixed-mortgage-rate-jumps-to-7/Read more]]>On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted in favor of the 75bps increase. […]
]]>ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations
https://www.digit.info/ecb-raises-benchmark-rate-by-75bps-and-tones-down-long-term-refinancing-operations/
Thu, 27 Oct 2022 16:00:08 +0000https://www.digit.info/2022/10/27/ecb-raises-benchmark-rate-by-75bps-and-tones-down-long-term-refinancing-operations/Read more]]>On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms and conditions noting that they need to be “recalibrated.” ECB Hikes […]
]]>Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December
https://www.digit.info/observers-suspect-an-aggressive-fed-rate-hike-next-month-analyst-predicts-fed-will-pivot-in-december/
Fri, 21 Oct 2022 16:30:16 +0000https://www.digit.info/2022/10/21/observers-suspect-an-aggressive-fed-rate-hike-next-month-analyst-predicts-fed-will-pivot-in-december/Read more]]>According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a […]
]]>Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt
https://www.digit.info/euro-area-annual-inflation-jumps-to-9-9-in-september-cost-of-bread-skyrockets-protests-erupt/
Wed, 19 Oct 2022 18:30:22 +0000https://www.digit.info/2022/10/19/euro-area-annual-inflation-jumps-to-9-9-in-september-cost-of-bread-skyrockets-protests-erupt/Read more]]>According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown.” European Union’s Consumer Price Index Taps a 40-Year […]
]]>Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September
https://www.digit.info/latest-cpi-data-shows-red-hot-inflation-continues-to-thrive-in-the-us-consumer-prices-jumped-8-2-in-september/
Thu, 13 Oct 2022 15:22:04 +0000https://www.digit.info/2022/10/13/latest-cpi-data-shows-red-hot-inflation-continues-to-thrive-in-the-us-consumer-prices-jumped-8-2-in-september/Read more]]>The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse […]
]]>US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’
https://www.digit.info/us-inflation-rate-in-august-runs-hot-at-8-3-peter-schiff-says-americas-days-of-sub-2-inflation-are-gone/
Tue, 13 Sep 2022 16:00:16 +0000https://www.digit.info/2022/09/13/us-inflation-rate-in-august-runs-hot-at-8-3-peter-schiff-says-americas-days-of-sub-2-inflation-are-gone/Read more]]>On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward. US Consumer Prices Increased at an 8% Annual Pace of […]