Inflation is cooling down and Wall Street is loving it

New York CNN affairs — Stocks were mostly higher on Tuesday after the US government reported that wholesale prices rose much less dramatically than expected. That news came just a few days after another report showed that the pace of consumer price increases also slowed. The Dow was flat during afternoon trading, having given up … Read more

Australian housing market in crisis as mortgage loans fall $5ba month

Suddenly, homeowners don’t want to borrow. The latest numbers on mortgages have just come out and they are shocking. Mortgage loans are declining by more than $5 billion each month. That’s a steep drop, as the top line in the following chart shows. If you’re trying to sell your home, it makes a big difference. … Read more

Go ahead. Go crazy with avocados. There is a huge abundance and prices are falling

New York CNNBusiness — There is at least one item in the supermarket that is getting cheaper: avocados. A significant supply of the buttery fruit led to a fall in wholesale prices, which also lowers retail prices. With total grocery costs up a staggering 13% year-over-year, cheaper avocados couldn’t have come at a better time … Read more

The Fed May Need to Blow Up the Economy to Control Inflation

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can sign up here. New York CNN Business — The Federal Reserve is likely to raise interest rates again by three-quarters of a percentage point on Wednesday, the fourth super-large rise in a row. And it’s still … Read more

Inflation causes 54% of adults to scale down or stop their retirement savings

Brandon Bell | Getty Images ‘Make a plan’ to top up your retirement account If rapidly rising prices have hindered your ability to save for retirement, it’s important to get back on track with saving as soon as possible, experts say. “Make a plan now about how and when you’re going to do it,” says … Read more

Consumer price index September 2022:

Prices paid by consumers for a wide range of goods and services rose more than expected in September as inflationary pressures continued to weigh on the US economy. The consumer price index for the month rose 0.4% for the month, surpassing the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a … Read more

Moody’s Mark Zandi sees relief within 6 months

According to Mark Zandi of Moody’s Analytics, the US will halve inflation within six months. His call, which comes on the eve of another major inflation report, hinges on oil prices remaining at current levels, supply chain problems continuing to ease and car prices starting to rise. Everything else can stay the same, according to … Read more

Fed must raise interest rates by 150 basis points: Wells Fargo

It’s a move that would likely cause panic on Wall Street. But Michael Schumacher of Wells Fargo Securities suggests the Federal Reserve is raising interest rates too slowly, telling CNBC’s “Fast Money” that he would seriously consider a 150 basis point hike this week if he were chairman Jerome Powell. “The Fed knows the destination. … Read more

BofA predicts downcycle merger outbreak

Mergers in software are about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at lower prices due to the economic downturn. related investing news Ray Dalio says higher interest rates to curb inflation could drive stock prices down 20% “You … Read more

Inflation ‘collapse’ will lead to big stock market gains: Credit Suisse

Credit Suisse expects the Federal Reserve to halt rate hikes earlier than widely expected due to falling inflation. According to the company’s chief US equity strategist, it will launch a powerful market breakout. “This is basically what’s broadly priced in the market,” Jonathan Golub told CNBC’s “Fast Money” on Monday. “Every one of us sees … Read more