Fight inflation by investing in it. If you’re paying more for gasoline or diesel fuel, invest in energy stocks. Price hikes in retail stores mounting up? Put some money in companies that sell the things you buy. Let’s refine this idea a bit: Focus on dividend-paying stocks because their quarterly cash payouts will help you … Read more
OTTAWA—The NDP may not like what the federal Liberal government is doing — or not doing — to inflation, but Deputy Prime Minister Chrystia Freeland says their agreement to give stability to the minority Parliament stands and it’s the Liberals who are in charge. “This is not a coalition,” she said. Appearing at the Toronto … Read more
US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington on June 15.OLIVIER DOULIERY/AFP/Getty Images The US Federal Reserve has announced its largest interest rate increase since 1994, and said that it would continue pushing borrowing costs higher … Read more
BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England is expected to raise interest rates for the fifth monetary policy meeting on Thursday, as it looks to rein in soaring inflation against a backdrop of … Read more
Traders work on the floor of the New York Stock Exchange in New York City on June 14.Spencer Platt/Getty Images Investors are betting the US Federal Reserve will announce its first 75 basis point interest rate hike since 1994 on Wednesday – a sharp shift in market expectations in recent days as inflation proves more … Read more
There are growing concerns worldwide that ‘stagflation’ could push many countries towards recession.Christopher Katsarov/The Canadian Press The world economy is being hammered on all sides. Russia’s invasion of Ukraine, soaring inflation and interest rates are weighing on rising global growth and pushing many countries towards recession. That’s reviving concerns about “stagflation” – a noxious combination … Read more
With the US Administration growing more desperate by the week as gasoline prices breach $5 per gallon in the United States, President Biden is now taking aim at individual oil and gas companies—namely, ExxonMobil. A Biden statement attempting to address May inflation data contained harsh words—both for the oil industry as a whole and Exxon … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – After a relatively quiet week, the gold market saw some fireworks on Friday as investors reacted to rising … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market remains caught in a tug of war between rising interest rates and inflation; However, momentum … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The gold market may be facing some difficult headwinds as the Federal Reserve continues to aggressively raise interest … Read more