ECB Keeps Interest Rates Unchanged in Eurozone
"The pandemic continues to cast a shadow, especially as the Delta variant constitutes a growing source of uncertainty."
CFOs: Higher Input Costs Will Persist
Some companies are taking aggressive action to pass on at least some of the abnormal cost increases to customers.
U.S. Consumer Prices Increase 5.4% in June
"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."
Fed Says Economy Not at Risk From Inflation Surge
It is still "appropriate to maintain" near-zero interest rates even though inflation "has increased notably this spring."
10-Year Treasury Yield Drops to Five-Month Low
“This is likely a shift in market narrative: away from inflation concerns to concerns about the sustainability of growth momentum."
Fed Officials See Inflation Surge Lasting Longer
"Temporary is going to be a little longer than we expected initially ... Rather than it being two to three months it may be six to nine months."
Executive Optimism Hits Three-Year High
“What we’re seeing is a broad expectation that things will really open up in the second half of the year."
U.S. Consumer Prices Surge 4.2% in April
The largest gain in the CPI in nearly 12 years reflects in part the comparison to extremely weak inflation a year ago amid pandemic lockdowns.
Fed Holds Line on Rates Despite Rising Prices
The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”
U.S. Consumer Prices Increase 0.4% in February
Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.
Stimulus Checks, Vaccines Fuel Executive Optimism
An AICPA survey finds "a resurgent sense of optimism about the economy overall, despite the deep pain that remains in key sectors and industries."