Here are some tips for beating inflation as prices start to rise

Why everyone is so obsessed with inflationAnyone buying a new car, or even a cup of coffee, has noticed that prices are going up. Last month, inflation accelerated at its fastest pace in about 13 years as the economic recovery gained steam, the Labor Department said. Year over year, prices increased 5.3%. Meanwhile, median household… Continue reading Here are some tips for beating inflation as prices start to rise

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Here’s how inflation is hitting the online prices of everything from apparel to furniture

Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights. Inflation is hitting categories including pet products, nonprescription drugs, apparel, furniture and flower arrangements, the report said. The growth in digital sticker prices across the… Continue reading Here’s how inflation is hitting the online prices of everything from apparel to furniture

Inflation could repeat the 1960s, when the Fed lost control, Niall Ferguson says

Inflation could be repeating the trajectory of the late 1960s, which laid the foundation for sustained high inflation the following decade, according to top economic historian Niall Ferguson. Ferguson said that as a result of responding to the Covid-19 pandemic in a similar fashion to the Global Financial Crisis of 2008, policymakers were now facing… Continue reading Inflation could repeat the 1960s, when the Fed lost control, Niall Ferguson says

Inflation could repeat the 1960s, when the Fed lost control, Niall Ferguson says

Niall Ferguson: Inflation could repeat 1960s, when the Fed lost controlInflation could be repeating the trajectory of the late 1960s, which laid the foundation for sustained high inflation the following decade, according to top economic historian Niall Ferguson. Speaking to CNBC Friday, Ferguson said that as a result of responding to the Covid-19 pandemic in… Continue reading Inflation could repeat the 1960s, when the Fed lost control, Niall Ferguson says

Inflation will be the sizzling topic for markets in the week ahead

With fresh evidence the labor market is on the mend, investors’ focus shifts to inflation in the coming week and whether it will continue to heat up or show signs of abating. There is a series of inflation data expected: the consumer price index and the producer price index, released Wednesday and Thursday, respectively. Jobs… Continue reading Inflation will be the sizzling topic for markets in the week ahead

You may want to rethink where you put your emergency cash amid rising inflation

As inflation pushes prices on everything from food to gasoline higher, your emergency cash could be in danger of losing value. Persistently low interest rates likely will not keep pace with surging costs. Rapid inflation may continue for several months, Treasury Secretary Janet Yellen said in a recent interview, while other experts see rising prices… Continue reading You may want to rethink where you put your emergency cash amid rising inflation

Earnings season has been great so far with profit margins holding up in the face of inflation

A quarter of the way through earnings season, we are headed toward the best profit growth in over a decade. One fourth of the S&P 500 has now reported second-quarter earnings. Overall earnings are now expected to grow 76% year-over-year for the period, according to Refinitiv, the best growth since 2009. Still, the trading community… Continue reading Earnings season has been great so far with profit margins holding up in the face of inflation

Inflation concerns have many retirees worried about running out of money

Rising inflation has startled many retirees, who now worry about outliving their savings. The consumer price index for June, measuring the cost of food, gasoline, housing, utilities and other goods, increased by 0.9%, the largest one-month change since June 2008, according to the Labor Department. Although Federal Reserve officials say these price hikes are transitory,… Continue reading Inflation concerns have many retirees worried about running out of money

Inflation just jumped the most in years, yet markets are largely ignoring it. Here’s why

Consumer prices just posted their largest one-month jump in nearly 13 years, a fact that might tempt some to conclude that a white-hot U.S. economy is on the brink of runaway inflation. But a spike in the June 2021 consumer price index reading may, in fact, be little cause for alarm. That’s because a significant… Continue reading Inflation just jumped the most in years, yet markets are largely ignoring it. Here’s why

‘Inflation is the silent killer,’ as many retirees are feeling the sting

Rising inflation is a concern for Kevin Linehan, 68, a retiree in Fitchburg, Massachusetts. After a heart attack at age 44, Linehan left his career with the Postal Service early, opting for reduced disability retirement income. “It wasn’t the best financial thing to do,” he said. “But at the time, it seemed like my life… Continue reading ‘Inflation is the silent killer,’ as many retirees are feeling the sting