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☆ Inflation boosts U.S. household spending by $433 a month, on average, Moody’s finds
▼ + stars: | 2022-11-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Hourly earnings fell 2.8%, on average, in the year to October after accounting for inflation, according to the BLS. Your personal inflation rate depends on the types of goods and services you buy, and other factors such as geography. The Moody's estimate of inflation's dollar impact analyzes October's annual inflation rate and typical household outlays as outlined by the Consumer Expenditure Survey. "There's no one silver bullet," Joseph Bert, a certified financial planner who serves as chairman and CEO of Certified Financial Group, told CNBC. Joseph Bert certified financial planner and chairman of Certified Financial Group

☆ Brian Sullivan's RBI: Energy inflation's impact on home heating costs
▼ + stars: | 2022-11-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrian Sullivan's RBI: Energy inflation's impact on home heating costsBrian Sullivan's daily RBI segment on Worldwide Exchange focuses on the impact of rising energy prices on home heating costs.

☆ Nobel laureate Paul Krugman says the US rental market is cooling off – and official price stats overstate the inflation threat
▼ + stars: | 2022-11-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Slowing growth in US rents could mean the inflation threat is fading, Paul Krugman said. Krugman noted the slowdown is likely to have a large but delayed impact on inflation. Krugman noted that shelter makes up more than 30% of the Consumer Price Index, and 40% of core CPI, which excludes food and energy. Yet a cooler rental market doesn't necessarily spell the end of America's inflation woes, he noted. Now rental growth appears to be tapering off, Krugman likely feels greater conviction in that view.

☆ The Fed's last rate hike will come in January, but stocks will still be under pressure from dismal earnings in 2023, Morgan Stanley strategist says
▼ + stars: | 2022-11-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The Fed could stop hiking rates as soon as January of next year, according to Morgan Stanley's Andrew Sheets. Sheets pointed to evidence of falling inflation, though he noted central bankers would likely keep monitoring the economy after pausing rate hikes. But while investors are hoping a pause could spark a new rally, stocks will still be under pressure next year on poor earnings, he warned. But central bankers risk undoing the tightening they've done so far by pausing rate hikes, Sheets pointed out. Stocks are still likely to face downward pressure with dismal earnings into 2023, Sheets said.

☆ Abercrombie sees better holiday-quarter sales, posts surprise profit
▼ + stars: | 2022-11-22 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

The Ohio-based apparel retailer's shares that have lost nearly half of their value this year were up about 19% after the company also reported third-quarter sales above Wall Street estimates, defying inflation's impact on non-essential spending. Chief Executive Officer Fran Horowitz in a post-earnings call said the company expects the fourth quarter to "mirror more pre-pandemic" holiday. Abercrombie, however, said there was a little bit of softness in demand during late October and maybe into the first week of November. Abercrombie expects fourth-quarter net sales to fall about 2% to 4% in fiscal 2022, compared with analysts' average estimate of a 6.3% drop, according to Refinitiv IBES data. Excluding items, it reported a profit of 1 cent per share in the third quarter, compared with estimates of a loss of 16 cents.

☆ Financial markets not showing too much stress, even as the crypto complex gets dismantled
▼ + stars: | 2022-11-17 | by ( Michael Santoli | ) www.cnbc.com time to read: +4 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. But the point is, stocks have not been oblivious to slowdown risk to this point. Part of this is because energy firms are nicely profitable even at $75-$85 crude and are the rare group showing earnings growth. So far, the financial markets have not shown particular stress over the crypto unwind. Almost no movement in VIX, with modest index moves, expiration often pinning indexes in a narrow band and holiday-slowed trading ahead next week.

☆ New Zealand's RBNZ seen raising rates by historic 75 bps
▼ + stars: | 2022-11-17 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

Reuters Poll: RBNZ monetary policy outlookThe largest banks in the country - ANZ, ASB, Kiwi Bank, Bank of New Zealand and Westpac - expect a 75 bp hike on Wednesday, matching the recent pace of the U.S. Federal Reserve. "We are forecasting the OCR to peak at 5.0%, via another 75 bp hike in February on a 'let's just get it done' basis. If data cools more rapidly than expected the RBNZ could well slow the pace at that point." Rates were expected to peak at 4.75% and remain unchanged until the end of next year, according to the median view in the poll. According to the latest RBNZ survey, inflation is expected to ease only modestly over the coming year and will be higher than previously predicted.

☆ I think you'll see some retailers continue to do well: Former CEO of Walmart U.S. Bill Simon
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think you'll see some retailers continue to do well: Former CEO of Walmart U.S. Bill SimonFormer CEO of Walmart U.S. Bill Simon joins 'Closing Bell' to discuss inflation's impact on consumer spending, food products sales and pricing in cost increases as inflation remains high.

☆ There's a symmetrical relationship between inflation's rise and fall, says Nancy Tengler
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a symmetrical relationship between inflation's rise and fall, says Nancy TenglerLaffer-Tengler Investment's Nancy Tengler joins 'The Exchange' to discuss the duration of today's rally, the implications of midterm election results, and some stock names benefiting from the digital revolution.

☆ Germany's economic 'wise ones' less pessimistic than govt on looming recession -source
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 8 (Reuters) - Germany will not face as severe a recession next year as currently predicted by the government, according to the so-called five "wise ones" who advise Berlin on economic policy. The advisors see Germany's economy shrinking by 0.2% in 2023, versus the official forecast of a 0.4% contraction, a person familiar with their annual report told Reuters on Tuesday. The economic advisory council is also slightly more optimistic about 2022 in its annual report, set to be released on Wednesday and first reported by Spiegel weekly. The top income tax rate should be raised or an energy solidarity tax imposed on high earners, the advisors said in their annual report, according to the Sueddeutsche Zeitung. Such measures would "increase the accuracy of the overall package and signal that the energy crisis must be overcome with solidarity", Sueddeutsche Zeitung quoted the annual report as saying.

☆ Midterms could be a 'game changer' for stocks - and experts see big upside for the S&P 500 this election cycle.
▼ + stars: | 2022-11-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Whether or not this means Democrats hold onto their majority or Republicans claim victory in today's elections is still an open question. Early voters cast their ballots in Atlanta, Georgia in the 2018 midterm elections in October. If Republicans gain seats in today's midterm elections, the thinking is that Democrats would have a harder time passing aggressive fiscal spending plans. What's your view on how a Democrat or Republican victory in today's midterm elections impacts the stock market? Goldman Sachs named which stocks to buy now that can help you capitalize on gains during Tuesday's midterm elections.

☆ Germany's economic council less pessimistic than govt on looming recession -Source
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

The five-member economic advisory council sees Germany's economy shrinking by 0.2% in 2023, versus the official forecast of a 0.4% contraction, a person familiar with their annual report told Reuters on Tuesday. The council is also slightly more optimistic about 2022 in its annual report, set to be released on Wednesday and first reported by Spiegel weekly. The Sueddeutsche Zeitung daily said the panel of advisers envisaged inflation of 7.4% next year. The top income tax rate should be raised or an energy solidarity tax imposed on high earners, the advisers said in their annual report, according to Sueddeutsche Zeitung. Such measures would "increase the accuracy of the overall package and signal that the energy crisis must be overcome with solidarity," Sueddeutsche Zeitung quoted the annual report as saying.

☆ Forget the culture wars: Democrats and Republicans are focusing their midterm-election closing arguments on Medicare and Social Security
▼ + stars: | 2022-11-03 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Democrats are challenging that by framing themselves as defenders of Medicare and Social Security. Since relief on sky-high inflation or the housing crisis isn't imminent, Democrats have turned to Republican plans to privatize and make cuts to Social Security and Medicare. In a speech at the Democratic National Committee last week, Biden used the phrase "Social Security and Medicare" 11 times while countering Republicans' rhetoric around reforming both programs. Republicans' proposed budget points to cuts, but they're denying that's the planRepublicans have said Democrats are misrepresenting their comments on Social Security and Medicare. Arrington has repeatedly introduced legislation that would prevent people from receiving both Social Security disability benefits and Social Security unemployment benefits at the same time — called "double dipping" by critics.

☆ Inflation remains on voters' minds ahead of midterm elections, says Rep. Ro Khanna
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation remains on voters' minds ahead of midterm elections, says Rep. Ro KhannaRep. Ro Khanna (D-Calif.) joins CNBC's 'Squawk Box' to discuss inflation's potential impact on the upcoming midterm elections and weighs in on President Joe Biden's energy plan.

☆ Housing is on the verge of a correction and Americans are feeling less and less upbeat about the economy
▼ + stars: | 2022-10-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

And no wonder — the economy is giving Americans less and less reason for optimism. The US housing market isn't just slowing down, it's in the early stages of a major correction. According to the latest consumer confidence report, Americans are feeling downbeat across the board. In Franco's words: "The Expectations Index is still lingering below a reading of 80 — a level associated with recession — suggesting recession risks appear to be rising." Here are the latest market moves.

☆ Gas prices cause consumer uncertainty heading into holiday season, says Conference Board's Odland
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGas prices cause consumer uncertainty heading into holiday season, says Conference Board's OdlandSteve Odland, The Conference Board CEO, joins 'The Exchange' to discuss inflation's impact on consumer confidence.

☆ Over half of US workers surveyed want to work overtime or get extra shifts to make more money as cost-of-living expenses continue to rise
▼ + stars: | 2022-10-23 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

57% of US workers in a new survey said they want to work overtime as the cost of living rises. Almost 70% of working parents surveyed said they don't earn enough to keep up, and 64% want more work hours. Over 60% of working parents surveyed said they want to work more hours to get paid more. Compared to last year, 64% of workers surveyed said living expenses are harder to pay for now. Forty-three percent of working parents said they are looking for a new job, and almost half are looking for a second job.

☆ Nancy Pelosi says Democrats need to get better at talking about inflation — but Republicans 'ain't got nothing'
▼ + stars: | 2022-10-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

Nancy Pelosi said Democrats need to message better on inflation in an interview with Punchbowl News. Polling consistently shows that the economy and inflation are top of mind as Democrats and Republicans duke it out for the House and Senate. Right now, Democrats are barely clinging to razor-thin majorities in both chambers, and economic concerns could push voters to the right. In an interview with Punchbowl News, Pelosi — who's previously expressed confidence that Democrats will pick up seats in the House — said Democrats need to make their message on inflation better. We'll have to message it better in the next three weeks ahead," Pelosi told Punchbowl.

☆ The typical U.S. household is spending $445 more a month due to inflation. Here's how to reduce the bite
▼ + stars: | 2022-10-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Hourly earnings fell 3%, on average, in the year to September after accounting for inflation, according to the BLS. The inflation impact on households' wallets isn't uniform, though. Your personal inflation rate depends on the types of goods and services you buy, and other factors like geography. The Moody's estimate of inflation's dollar impact analyzes September's annual inflation rate and typical household outlays as outlined by the Consumer Expenditure Survey. They can also reassess monthly subscriptions — to clothing and streaming services, for example — which can often serve as "money drains," Maloon said.

☆ Clothes, electronics, and toys are set to get cheaper this holiday season. That doesn't really help most Americans deal with inflation.
▼ + stars: | 2022-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Americans are set to receive discounts on clothing, electronics, and toys this holiday season. "You could tell the same story for healthcare, childcare, tuition. Mark PerryPrices of electronics, toys, and apparel could see "massive" discounts in the coming months of over 32%, per an Adobe Analytics forecast. Perry says the "most concerning trends" are in the rising costs of college tuition and hospital services. In comparison, software, electronics, toys, and clothing – industries with less regulation — have seen prices fall, he wrote in a July blog post.

☆ European stocks head for lower open as investors brace themselves for U.S. inflation data
▼ + stars: | 2022-10-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lower open on Thursday as investors around the world prepare themselves for the latest U.S. inflation data. The negative open in Europe comes amid mixed global sentiment ahead of the latest U.S. inflation reading. U.S. stock futures were up slightly overnight while markets in the Asia-Pacific region were mixed as investors await the data. A rise in the consumer price index would also follow producer price data that came in higher than expected, data showed on Wednesday. The U.S.' producer price index, a gauge of final-demand wholesale prices, was up 0.4% in September, more than the consensus estimate of a 0.2% increase, according to Dow Jones.

From groceries to used cars and airline tickets—the prices for everyday goods and services have skyrocketed in 2022. That has prompted policymakers to drastically recalibrate monetary policy in an attempt to thwart inflation's damage to consumers' paychecks. One of the most widely cited tools at their disposal is the consumer price index, also known as the CPI. The consumer price index is the average change in the prices paid by consumers for a basket of goods and services over time. Watch the video above to find out how the Bureau of Labor Statistics calculates the CPI, and what it means when it comes to the U.S. economy.

☆ Stock futures are up as investors await inflation data
▼ + stars: | 2022-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are rising slightly Wednesday as investors look ahead to inflation data and earnings in the coming days that may provide insight into the future health of the economy. Futures for the Dow Jones Industrial Average were up 48 points, or 0.16%. Nasdaq 100 futures added 0.15%, while futures tied to the S&P 500 increased 0.18%. The Dow Jones slipped 0.10%, or 28.34 points, to close at 29,210.85. Dow Jones' consensus estimates show the CPI rose 0.3% in September, up from 0.1% in August.

☆ Why the Federal Reserve won't be so quick to ease up on its fight against inflation
▼ + stars: | 2022-10-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal yet that they're willing to tolerate a recession as the necessary trade-off for regaining control of inflation. That's monetary policy in this era of rapid inflation, swooning economic growth and heightened fears over what could go wrong. "But I would argue that they're still being overly optimistic at which the inflation rate is going to decelerate on its own." "Right now, the pain that I hear, the suffering that people are telling me what they're going through, is on the inflation side," she said during a talk at the Council on Foreign Relations.

☆ Denver's most expensive home lists for $28.9 million and features a stunning charred wood treatment
▼ + stars: | 2022-10-03 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

Dusk view of the main house looking into the glass-encased great room. Nate PoltaThe local trend in Denver sales prices may bode well for the new $28.9 million listing. Primary bedroom Nate PoltaThe main house includes five bedrooms and eight bathrooms. Nate PoltaThe residence includes a self-sustaining solar energy system, in-floor heating and Lutron shades. The view from above the lap pool and sundeck reveals an array of solar panels on the pool house roof.

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