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2022-08-05

Oil recovery 🤦🏾

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2022-08-29

It might still go down damn

"Inflation Fever" Finally Breaking - but Central Banks Won't Stop Hiking Interest Rates

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Unemployment is expected to hold steady at 3.6%. The jobs report will be released Friday at 8:30 a.m. ET.</p><p>“Investors will be waiting to see if the labor market can withstand the Fed’s rate-hike campaign as well as it did in June,” said Mike Loewengart, managing director of investment strategy at E-Trade.</p><p>Job growth is expected to slow as the Fed continues to hike interest rates to tame surging inflation, but it’s unclear whether that slowing will tip the economy into an official recession. Many said Friday’s report is crucial as it’s one of two the central bank will see before it decides how much to raise rates at its September meeting.</p><p><b>Market Snapshot</b></p><p>Dow e-minis were down 140 points, or 0.43%, S&amp;P 500 e-minis were down 30 points, or 0.73%, and Nasdaq 100 e-minis were down 127 points, or 0.96%.</p><p><img src=\"https://static.tigerbbs.com/6685ea8cda8483f7e275fe991f5d05ab\" tg-width=\"504\" tg-height=\"251\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Moers</b></h2><p><a href=\"https://laohu8.com/S/EXPE\">Expedia </a> – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%.</p><p><a href=\"https://laohu8.com/S/SQ\">Block </a> – Shares of the payment service company slid 6.4% in premarket trading even though it reported better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue at its Cash App unit.</p><p><a href=\"https://laohu8.com/S/LYFT\">Lyft </a> – The ride-hailing service’s stock rallied 7.5% in premarket action after it reported an unexpected quarterly profit and saw ridership rise to the highest levels since before the pandemic. Lyft said its results were also helped by cost controls.</p><p><a href=\"https://laohu8.com/S/DASH\">DoorDash </a> – DoorDash surged 10.3% in the premarket after the food delivery service raised its forecast for gross order value, a key metric. DoorDash did report a wider-than-expected quarterly loss, but revenue was above Wall Street forecasts.</p><p>DraftKings (DKNG) – The sports betting company reported better-than expected-revenue and adjusted earnings for its latest quarter, and it also raised its full-year revenue forecast. DraftKings shares rallied 8.2% in premarket action.</p><p>AMC Entertainment (AMC) – The movie theater operator’s stock fell 9% in the premarket after it said it would issue a stock dividend to all common stock shareholders in the form of preferred shares. Separately, AMC reported a slightly wider-than-expected quarterly loss.</p><p>Warner Brothers Discovery (WBD) – The media company’s stock slumped 11.6% in premarket trading after it reported a quarterly loss and revenue that came in below Wall Street forecasts.</p><p>Beyond Meat (BYND) – The maker of plant-based meat alternatives reported a wider-than-expected quarterly loss and revenue that missed analyst estimates. Beyond Meat also announced it would lay off 4% of its global workforce. The stock fell 3.6% in premarket action.</p><p>Carvana (CVNA) – Carvana shares jumped 8.4% in premarket trading after the online used vehicle seller said it was “aggressively” cutting costs as it prepares for a possible economic downturn.</p><p>Virgin Galactic (SPCE) – Virgin Galactic tumbled 14.2% in the premarket after announcing a delay in the commercial launch of space flights to the second quarter of 2023. Virgin Galactic also said that it would sell up to $300 million in shares to boost its cash reserves.</p><h2><b>Market News</b></h2><h3>EU Antitrust Regulators Quiz Developers on Google App Payments</h3><p>EU antitrust regulators have asked app developers whether Alphabet unit Google&#39;s threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters.</p><p>Critics say fees charged by Google and Apple at their mobile app stores are excessive and cost developers collectively billions of dollars a year, a sign of the two companies&#39; monopoly power.</p><h3>Oil Suffers Deep Weekly Loss as Concerns Over Demand Intensify</h3><p>Oil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices collapsing to the lowest level in six months as key time spreads contract.</p><p>West Texas Intermediate traded above $89 a barrel in Asia, with the US benchmark down more than 9% this week. Official data showed US gasoline consumption has softened while crude stockpiles rose. The slump came even as Saudi Arabia has boosted prices, and OPEC+ warned of scant spare capacity.</p><h3>Elon Musk Suggests Big Tesla Factory Expansion Plans</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a> Chief Executive Elon Musk said Thursday that the electric-vehicle maker, which is striving to sell 20 million vehicles annually, could ultimately build 10 or 12 factories.</p><p>An announcement about Tesla&#39;s next factory location could come later this year, he said at Tesla&#39;s annual shareholder meeting. Mr. Musk didn&#39;t say whether the factory count he forecast includes existing facilities such as the company&#39;s four existing car plants.</p><h3>Meta&#39;s First-Ever Corporate Bond Deal Sees $30 Billion in Demand</h3><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc., saw roughly $30 billion in demand for its $10 billion debut, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global Markets.</p><p>That&#39;s a big deal. While Meta reported its first-ever drop in revenue in the second-quarter, investment bankers still were able to pull in price talk on each class of A1 to AA- rated bonds from the social-media giant.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Slid After Strong Jobs Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Futures Slid After Strong Jobs Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-05 20:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock futures fell Friday after the July jobs report was much better than expected, showing a strong labor market that will likely mean more interest rate hikes from the Federal Reserve.</p><p>Economists expect 258,000 jobs were added in July, down from 372,000 in June, according to Dow Jones. Unemployment is expected to hold steady at 3.6%. The jobs report will be released Friday at 8:30 a.m. ET.</p><p>“Investors will be waiting to see if the labor market can withstand the Fed’s rate-hike campaign as well as it did in June,” said Mike Loewengart, managing director of investment strategy at E-Trade.</p><p>Job growth is expected to slow as the Fed continues to hike interest rates to tame surging inflation, but it’s unclear whether that slowing will tip the economy into an official recession. Many said Friday’s report is crucial as it’s one of two the central bank will see before it decides how much to raise rates at its September meeting.</p><p><b>Market Snapshot</b></p><p>Dow e-minis were down 140 points, or 0.43%, S&amp;P 500 e-minis were down 30 points, or 0.73%, and Nasdaq 100 e-minis were down 127 points, or 0.96%.</p><p><img src=\"https://static.tigerbbs.com/6685ea8cda8483f7e275fe991f5d05ab\" tg-width=\"504\" tg-height=\"251\" referrerpolicy=\"no-referrer\"/></p><h2><b>Pre-Market Moers</b></h2><p><a href=\"https://laohu8.com/S/EXPE\">Expedia </a> – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%.</p><p><a href=\"https://laohu8.com/S/SQ\">Block </a> – Shares of the payment service company slid 6.4% in premarket trading even though it reported better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue at its Cash App unit.</p><p><a href=\"https://laohu8.com/S/LYFT\">Lyft </a> – The ride-hailing service’s stock rallied 7.5% in premarket action after it reported an unexpected quarterly profit and saw ridership rise to the highest levels since before the pandemic. Lyft said its results were also helped by cost controls.</p><p><a href=\"https://laohu8.com/S/DASH\">DoorDash </a> – DoorDash surged 10.3% in the premarket after the food delivery service raised its forecast for gross order value, a key metric. DoorDash did report a wider-than-expected quarterly loss, but revenue was above Wall Street forecasts.</p><p>DraftKings (DKNG) – The sports betting company reported better-than expected-revenue and adjusted earnings for its latest quarter, and it also raised its full-year revenue forecast. DraftKings shares rallied 8.2% in premarket action.</p><p>AMC Entertainment (AMC) – The movie theater operator’s stock fell 9% in the premarket after it said it would issue a stock dividend to all common stock shareholders in the form of preferred shares. Separately, AMC reported a slightly wider-than-expected quarterly loss.</p><p>Warner Brothers Discovery (WBD) – The media company’s stock slumped 11.6% in premarket trading after it reported a quarterly loss and revenue that came in below Wall Street forecasts.</p><p>Beyond Meat (BYND) – The maker of plant-based meat alternatives reported a wider-than-expected quarterly loss and revenue that missed analyst estimates. Beyond Meat also announced it would lay off 4% of its global workforce. The stock fell 3.6% in premarket action.</p><p>Carvana (CVNA) – Carvana shares jumped 8.4% in premarket trading after the online used vehicle seller said it was “aggressively” cutting costs as it prepares for a possible economic downturn.</p><p>Virgin Galactic (SPCE) – Virgin Galactic tumbled 14.2% in the premarket after announcing a delay in the commercial launch of space flights to the second quarter of 2023. Virgin Galactic also said that it would sell up to $300 million in shares to boost its cash reserves.</p><h2><b>Market News</b></h2><h3>EU Antitrust Regulators Quiz Developers on Google App Payments</h3><p>EU antitrust regulators have asked app developers whether Alphabet unit Google&#39;s threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters.</p><p>Critics say fees charged by Google and Apple at their mobile app stores are excessive and cost developers collectively billions of dollars a year, a sign of the two companies&#39; monopoly power.</p><h3>Oil Suffers Deep Weekly Loss as Concerns Over Demand Intensify</h3><p>Oil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices collapsing to the lowest level in six months as key time spreads contract.</p><p>West Texas Intermediate traded above $89 a barrel in Asia, with the US benchmark down more than 9% this week. Official data showed US gasoline consumption has softened while crude stockpiles rose. The slump came even as Saudi Arabia has boosted prices, and OPEC+ warned of scant spare capacity.</p><h3>Elon Musk Suggests Big Tesla Factory Expansion Plans</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc.</a> Chief Executive Elon Musk said Thursday that the electric-vehicle maker, which is striving to sell 20 million vehicles annually, could ultimately build 10 or 12 factories.</p><p>An announcement about Tesla&#39;s next factory location could come later this year, he said at Tesla&#39;s annual shareholder meeting. Mr. Musk didn&#39;t say whether the factory count he forecast includes existing facilities such as the company&#39;s four existing car plants.</p><h3>Meta&#39;s First-Ever Corporate Bond Deal Sees $30 Billion in Demand</h3><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc., saw roughly $30 billion in demand for its $10 billion debut, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global Markets.</p><p>That&#39;s a big deal. While Meta reported its first-ever drop in revenue in the second-quarter, investment bankers still were able to pull in price talk on each class of A1 to AA- rated bonds from the social-media giant.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190795507","content_text":"Stock futures fell Friday after the July jobs report was much better than expected, showing a strong labor market that will likely mean more interest rate hikes from the Federal Reserve.Economists expect 258,000 jobs were added in July, down from 372,000 in June, according to Dow Jones. Unemployment is expected to hold steady at 3.6%. The jobs report will be released Friday at 8:30 a.m. ET.“Investors will be waiting to see if the labor market can withstand the Fed’s rate-hike campaign as well as it did in June,” said Mike Loewengart, managing director of investment strategy at E-Trade.Job growth is expected to slow as the Fed continues to hike interest rates to tame surging inflation, but it’s unclear whether that slowing will tip the economy into an official recession. Many said Friday’s report is crucial as it’s one of two the central bank will see before it decides how much to raise rates at its September meeting.Market SnapshotDow e-minis were down 140 points, or 0.43%, S&P 500 e-minis were down 30 points, or 0.73%, and Nasdaq 100 e-minis were down 127 points, or 0.96%.Pre-Market MoersExpedia  – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%.Block  – Shares of the payment service company slid 6.4% in premarket trading even though it reported better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue at its Cash App unit.Lyft  – The ride-hailing service’s stock rallied 7.5% in premarket action after it reported an unexpected quarterly profit and saw ridership rise to the highest levels since before the pandemic. Lyft said its results were also helped by cost controls.DoorDash  – DoorDash surged 10.3% in the premarket after the food delivery service raised its forecast for gross order value, a key metric. DoorDash did report a wider-than-expected quarterly loss, but revenue was above Wall Street forecasts.DraftKings (DKNG) – The sports betting company reported better-than expected-revenue and adjusted earnings for its latest quarter, and it also raised its full-year revenue forecast. DraftKings shares rallied 8.2% in premarket action.AMC Entertainment (AMC) – The movie theater operator’s stock fell 9% in the premarket after it said it would issue a stock dividend to all common stock shareholders in the form of preferred shares. Separately, AMC reported a slightly wider-than-expected quarterly loss.Warner Brothers Discovery (WBD) – The media company’s stock slumped 11.6% in premarket trading after it reported a quarterly loss and revenue that came in below Wall Street forecasts.Beyond Meat (BYND) – The maker of plant-based meat alternatives reported a wider-than-expected quarterly loss and revenue that missed analyst estimates. Beyond Meat also announced it would lay off 4% of its global workforce. The stock fell 3.6% in premarket action.Carvana (CVNA) – Carvana shares jumped 8.4% in premarket trading after the online used vehicle seller said it was “aggressively” cutting costs as it prepares for a possible economic downturn.Virgin Galactic (SPCE) – Virgin Galactic tumbled 14.2% in the premarket after announcing a delay in the commercial launch of space flights to the second quarter of 2023. Virgin Galactic also said that it would sell up to $300 million in shares to boost its cash reserves.Market NewsEU Antitrust Regulators Quiz Developers on Google App PaymentsEU antitrust regulators have asked app developers whether Alphabet unit Google's threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters.Critics say fees charged by Google and Apple at their mobile app stores are excessive and cost developers collectively billions of dollars a year, a sign of the two companies' monopoly power.Oil Suffers Deep Weekly Loss as Concerns Over Demand IntensifyOil headed for a punishing weekly loss on increasing evidence that a global economic slowdown is spurring demand destruction, with prices collapsing to the lowest level in six months as key time spreads contract.West Texas Intermediate traded above $89 a barrel in Asia, with the US benchmark down more than 9% this week. Official data showed US gasoline consumption has softened while crude stockpiles rose. The slump came even as Saudi Arabia has boosted prices, and OPEC+ warned of scant spare capacity.Elon Musk Suggests Big Tesla Factory Expansion PlansTesla Inc. Chief Executive Elon Musk said Thursday that the electric-vehicle maker, which is striving to sell 20 million vehicles annually, could ultimately build 10 or 12 factories.An announcement about Tesla's next factory location could come later this year, he said at Tesla's annual shareholder meeting. Mr. Musk didn't say whether the factory count he forecast includes existing facilities such as the company's four existing car plants.Meta's First-Ever Corporate Bond Deal Sees $30 Billion in DemandMeta Platforms Inc., saw roughly $30 billion in demand for its $10 billion debut, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global Markets.That's a big deal. While Meta reported its first-ever drop in revenue in the second-quarter, investment bankers still were able to pull in price talk on each class of A1 to AA- rated bonds from the social-media giant.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9902206087,"gmtCreate":1659701184251,"gmtModify":1704793531494,"author":{"id":"4112873764045972","authorId":"4112873764045972","name":"Nnamani","avatar":"https://community-static.tradeup.com/news/2a34c694ca5fc05842107df619e1ab54","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Oil recovery 🤦🏾","listText":"Oil recovery 🤦🏾","text":"Oil recovery 🤦🏾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902206087","repostId":"1190795507","repostType":2,"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997370049,"gmtCreate":1661749473684,"gmtModify":1676536572738,"author":{"id":"4112873764045972","authorId":"4112873764045972","name":"Nnamani","avatar":"https://community-static.tradeup.com/news/2a34c694ca5fc05842107df619e1ab54","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"It might still go down damn&nbsp;","listText":"It might still go down damn&nbsp;","text":"It might still go down damn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997370049","repostId":"2263769114","repostType":4,"repost":{"id":"2263769114","pubTimestamp":1661741212,"share":"https://www.laohu8.com/m/news/2263769114?lang=&edition=full","pubTime":"2022-08-29 10:46","market":"us","language":"en","title":"\"Inflation Fever\" Finally Breaking - but Central Banks Won't Stop Hiking Interest Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=2263769114","media":"Bloomberg","summary":"Global inflation is finally coming off the boil, even if it's set to remain far too hot for the liki","content":"<html><head></head><body><p>Global inflation is finally coming off the boil, even if it&#39;s set to remain far too hot for the liking of the world&#39;s central bankers.</p><p>As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food. And it&#39;s getting cheaper to move those things around, as supply chains slowly recover from the pandemic.</p><p>After the worst price shock in decades, the speed at which relief arrives will vary, with Europe in particular still struggling. But for the world as a whole, analysts at JPMorgan Chase &amp; Co estimate that consumer-price inflation will fall to 5.1 per cent in the second half of this year - roughly half of what it was in the six months through June.</p><p>&#34;The inflation fever is breaking,&#34; says Bruce Kasman, the bank&#39;s chief economist.</p><p>That doesn&#39;t mean an early return to the subdued inflation that much of the world enjoyed before the twin shocks of Covid-19 and the war in Ukraine - or the end of monetary tightening anytime soon.</p><h2>Fed&#39;s still hiking</h2><p>Rents and labour-intensive services are likely to keep getting more expensive, with job markets tight and wages on the rise. And there are broader forces at work, from slowing globalisation to lacklustre growth in the labour force, that may keep price pressures bubbling.</p><p>The major global central banks, which failed to see the pandemic price shock coming, are set to press ahead with interest rate increases even as headline inflation tops out. The Federal Reserve, European Central Bank and Bank of England are all expected to hike rates again in September.</p><p>Fed chair Jerome Powell left the door open to another jumbo 75 basis-point increase next month, telling fellow central bankers in Jackson Hole on Friday that a recent ebbing of US inflation &#34;falls far short&#34; of what policy makers want to see. The following day, ECB Executive Board member Isabel Schnabel said &#34;central banks need to act forcefully.&#34;</p><p>Some central banks that were quicker off the mark than the Fed to raise rates may take advantage of cooling price pressures to pause their tightening moves.</p><p>The Czech National Bank this month left policy unchanged while the Brazilian central bank is expected to do the same in September. And New Zealand&#39;s Reserve Bank may be nearing the end of its aggressive moves, Governor Adrian Orr told Bloomberg Television from Jackson Hole.</p><p>The soaring cost of living has left politicians as well as central bankers feeling the heat - especially in Europe, where natural gas prices more than seven times higher than a year ago have triggered an energy emergency.</p><p>Inflation in the euro area is forecast to accelerate beyond July&#39;s record 8.9 per cent and Citigroup predicts that it could exceed 18 per cent in the UK, in part because a cap on energy bills just got lifted. All kinds of once-unlikely proposals, from nationalization to power rationing, have been floated to address the crisis.</p><p>The United States, by contrast, will experience the fastest slide in inflation among developed economies, thanks in part to the strength of the dollar, the JPMorgan economists say.</p><p>That won&#39;t stop the Fed from tightening into restrictive territory. Anna Wong, chief US economist at Bloomberg Economics, expects the Fed will eventually have to raise rates as high as 5 per cent to rid the US of its inflation problem.</p><h2>&#39;Truly the issue&#39;</h2><p>Still, the recent decline in several important commodity markets should help dampen prices across the global economy:</p><p>• Benchmark crude oil futures have fallen about 20 per cent since early June</p><p>• Prices for metals, lumber and memory chips have declined from their highs</p><p>• A United Nations index of food costs plunged almost 9 per cent in July, the most since 2008</p><p><img src=\"https://static.tigerbbs.com/9a813f32fc8725d0ab9d676ad5e5ddf4\" tg-width=\"656\" tg-height=\"370\" width=\"100%\" height=\"auto\"/></p><p>Much of this appears to stem from a slackening in demand. That&#39;s partly because consumers are shifting away from the unusual shopping habits that emerged during pandemic lockdowns, when people spent less on services like hotel rooms or gym memberships, and more on goods such as exercise bikes and home computers. Goods inflation &#34;is going to come off a lot,&#34; says Jan Hatzius, chief economist at Goldman Sachs Group.</p><p>The turnaround in commodity prices also reflects the fact that household budgets are increasingly stretched - and economies are slowing worldwide.</p><p>Most of Europe is expected to fall into recession in the coming months as the energy crisis takes a toll over the winter. China remains hobbled by its Covid Zero policy and a depressed property market. In the US, Fed rate hikes have undercut the once-ebullient housing market and turned high-tech companies cautious.</p><p>Even with recession risks rising, bond investors don&#39;t see central banks letting up in the near future. Investors are currently betting that by next March the Fed will have raised rates to around 3.75 per cent, while the ECB&#39;s benchmark will be up to 1.75 per cent and the UK&#39;s to 4 per cent.</p><p>&#34;Inflation is truly the issue and it remains well above the targets of central banks,&#34; said John Flahive, head of fixed-income investments at BNY Mellon Wealth Management. &#34;They do not want to make the mistake of lowering rates and watching inflation go back up.&#39;&#39;</p><h2>&#39;Seen the Worst&#39;</h2><p>One sure sign of slowing demand, according to economists at <a href=\"https://laohu8.com/S/MSSXL\">Morgan Stanley</a>, is that growth in imports across major economies - after adjusting for inflation - is now subdued, while exports from Asia, the world&#39;s factory floor, are starting to weaken.</p><p>The easing of logistical logjams is also contributing to lower prices. The New York Fed&#39;s index of global supply-chain pressure has dropped to the lowest level since early 2021. Short-term shipping rates are falling, transit times across oceans are shortening, and companies are even starting to moan about bloated inventories.</p><p><img src=\"https://static.tigerbbs.com/4dc8523ef0d106a8c244a8687ea9ccc0\" tg-width=\"656\" tg-height=\"372\" width=\"100%\" height=\"auto\"/></p><p>&#34;We were getting about a 65 per cent service level from our strategic suppliers. That&#39;s back up to a plus 90 per cent now,&#34; Randy Breaux, the president of Motion Industries, a US provider of industrial components, told a conference this month. &#34;We really think that we&#39;ve seen the worst of the supply-chain issues.&#34;</p><p>If that&#39;s the case, the Fed may not have to raise rates as much as feared to reduce demand and rein in inflation, according to Apollo Management chief economist Torsten Slok.</p><p>Still, even if goods prices slow, there&#39;s a risk that the post-lockdown spending shift will instead drive up the price of services such as going to the movies or staying in hotels. Those may prove stickier.</p><p>US rental costs, in particular, are being boosted by a dearth of affordable housing. That may put upward pressure on inflation into 2023 and &#34;maybe even beyond,&#34; Goldman&#39;s Mr Hatzius says.</p><h2>&#39;Not Very Far&#39;</h2><p>Rising wages could also keep inflation around for longer.</p><p>Labour costs are by far the biggest expense for many businesses, especially in service industries. With job markets in the US and Europe still tight, companies are being forced to boost pay. To maintain profits, firms would then need to pass along their higher wage bills to consumers.</p><p>&#34;We are quite worried about a wage-price spiral,&#34; says Robert Dent, senior US economist at Nomura Securities. &#34;One may already be happening to a certain degree.&#34;</p><p>There&#39;s also the argument that inflation won&#39;t return to pre-Covid levels because the world was already poised to change. Globalisation is fraying - a process accelerated by the war in Ukraine - and measures to tackle climate change could add another layer of costs, at least in the short term.</p><p>In a report this month, economist Dario Perkins of TS Lombard predicted that such forces will combine to create what he calls a &#34;new macro supercycle.&#34;</p><p>Central banks &#34;will try to prevent this secular transition, even at the cost of a recession,&#34; but they &#34;can&#39;t stand in the way of structural shifts,&#34; he wrote. &#34;The persistent &#39;low-flation&#39; era is over.&#34;</p><p>For now, at least, there’s a growing consensus that the worst of the current inflationary episode is passing for many economies, even if doubt lingers over how fast the decline will be and how far it will go.</p><p>“The inflation peak is not very far from here and should be in place soon,” said Priyanka Kishore of Oxford Economics. “There may of course be outliers. But this is more due to idiosyncratic country factors rather than the global price pressures.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Inflation Fever\" Finally Breaking - but Central Banks Won't Stop Hiking Interest Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Inflation Fever\" Finally Breaking - but Central Banks Won't Stop Hiking Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 10:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-28/-inflation-fever-is-finally-breaking-but-central-banks-won-t-stop-hiking-rate?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global inflation is finally coming off the boil, even if it's set to remain far too hot for the liking of the world's central bankers.As economic growth slows, prices for key raw materials - from oil ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-28/-inflation-fever-is-finally-breaking-but-central-banks-won-t-stop-hiking-rate?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-28/-inflation-fever-is-finally-breaking-but-central-banks-won-t-stop-hiking-rate?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263769114","content_text":"Global inflation is finally coming off the boil, even if it's set to remain far too hot for the liking of the world's central bankers.As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food. And it's getting cheaper to move those things around, as supply chains slowly recover from the pandemic.After the worst price shock in decades, the speed at which relief arrives will vary, with Europe in particular still struggling. But for the world as a whole, analysts at JPMorgan Chase & Co estimate that consumer-price inflation will fall to 5.1 per cent in the second half of this year - roughly half of what it was in the six months through June.\"The inflation fever is breaking,\" says Bruce Kasman, the bank's chief economist.That doesn't mean an early return to the subdued inflation that much of the world enjoyed before the twin shocks of Covid-19 and the war in Ukraine - or the end of monetary tightening anytime soon.Fed's still hikingRents and labour-intensive services are likely to keep getting more expensive, with job markets tight and wages on the rise. And there are broader forces at work, from slowing globalisation to lacklustre growth in the labour force, that may keep price pressures bubbling.The major global central banks, which failed to see the pandemic price shock coming, are set to press ahead with interest rate increases even as headline inflation tops out. The Federal Reserve, European Central Bank and Bank of England are all expected to hike rates again in September.Fed chair Jerome Powell left the door open to another jumbo 75 basis-point increase next month, telling fellow central bankers in Jackson Hole on Friday that a recent ebbing of US inflation \"falls far short\" of what policy makers want to see. The following day, ECB Executive Board member Isabel Schnabel said \"central banks need to act forcefully.\"Some central banks that were quicker off the mark than the Fed to raise rates may take advantage of cooling price pressures to pause their tightening moves.The Czech National Bank this month left policy unchanged while the Brazilian central bank is expected to do the same in September. And New Zealand's Reserve Bank may be nearing the end of its aggressive moves, Governor Adrian Orr told Bloomberg Television from Jackson Hole.The soaring cost of living has left politicians as well as central bankers feeling the heat - especially in Europe, where natural gas prices more than seven times higher than a year ago have triggered an energy emergency.Inflation in the euro area is forecast to accelerate beyond July's record 8.9 per cent and Citigroup predicts that it could exceed 18 per cent in the UK, in part because a cap on energy bills just got lifted. All kinds of once-unlikely proposals, from nationalization to power rationing, have been floated to address the crisis.The United States, by contrast, will experience the fastest slide in inflation among developed economies, thanks in part to the strength of the dollar, the JPMorgan economists say.That won't stop the Fed from tightening into restrictive territory. Anna Wong, chief US economist at Bloomberg Economics, expects the Fed will eventually have to raise rates as high as 5 per cent to rid the US of its inflation problem.'Truly the issue'Still, the recent decline in several important commodity markets should help dampen prices across the global economy:• Benchmark crude oil futures have fallen about 20 per cent since early June• Prices for metals, lumber and memory chips have declined from their highs• A United Nations index of food costs plunged almost 9 per cent in July, the most since 2008Much of this appears to stem from a slackening in demand. That's partly because consumers are shifting away from the unusual shopping habits that emerged during pandemic lockdowns, when people spent less on services like hotel rooms or gym memberships, and more on goods such as exercise bikes and home computers. Goods inflation \"is going to come off a lot,\" says Jan Hatzius, chief economist at Goldman Sachs Group.The turnaround in commodity prices also reflects the fact that household budgets are increasingly stretched - and economies are slowing worldwide.Most of Europe is expected to fall into recession in the coming months as the energy crisis takes a toll over the winter. China remains hobbled by its Covid Zero policy and a depressed property market. In the US, Fed rate hikes have undercut the once-ebullient housing market and turned high-tech companies cautious.Even with recession risks rising, bond investors don't see central banks letting up in the near future. Investors are currently betting that by next March the Fed will have raised rates to around 3.75 per cent, while the ECB's benchmark will be up to 1.75 per cent and the UK's to 4 per cent.\"Inflation is truly the issue and it remains well above the targets of central banks,\" said John Flahive, head of fixed-income investments at BNY Mellon Wealth Management. \"They do not want to make the mistake of lowering rates and watching inflation go back up.'''Seen the Worst'One sure sign of slowing demand, according to economists at Morgan Stanley, is that growth in imports across major economies - after adjusting for inflation - is now subdued, while exports from Asia, the world's factory floor, are starting to weaken.The easing of logistical logjams is also contributing to lower prices. The New York Fed's index of global supply-chain pressure has dropped to the lowest level since early 2021. Short-term shipping rates are falling, transit times across oceans are shortening, and companies are even starting to moan about bloated inventories.\"We were getting about a 65 per cent service level from our strategic suppliers. That's back up to a plus 90 per cent now,\" Randy Breaux, the president of Motion Industries, a US provider of industrial components, told a conference this month. \"We really think that we've seen the worst of the supply-chain issues.\"If that's the case, the Fed may not have to raise rates as much as feared to reduce demand and rein in inflation, according to Apollo Management chief economist Torsten Slok.Still, even if goods prices slow, there's a risk that the post-lockdown spending shift will instead drive up the price of services such as going to the movies or staying in hotels. Those may prove stickier.US rental costs, in particular, are being boosted by a dearth of affordable housing. That may put upward pressure on inflation into 2023 and \"maybe even beyond,\" Goldman's Mr Hatzius says.'Not Very Far'Rising wages could also keep inflation around for longer.Labour costs are by far the biggest expense for many businesses, especially in service industries. With job markets in the US and Europe still tight, companies are being forced to boost pay. To maintain profits, firms would then need to pass along their higher wage bills to consumers.\"We are quite worried about a wage-price spiral,\" says Robert Dent, senior US economist at Nomura Securities. \"One may already be happening to a certain degree.\"There's also the argument that inflation won't return to pre-Covid levels because the world was already poised to change. Globalisation is fraying - a process accelerated by the war in Ukraine - and measures to tackle climate change could add another layer of costs, at least in the short term.In a report this month, economist Dario Perkins of TS Lombard predicted that such forces will combine to create what he calls a \"new macro supercycle.\"Central banks \"will try to prevent this secular transition, even at the cost of a recession,\" but they \"can't stand in the way of structural shifts,\" he wrote. \"The persistent 'low-flation' era is over.\"For now, at least, there’s a growing consensus that the worst of the current inflationary episode is passing for many economies, even if doubt lingers over how fast the decline will be and how far it will go.“The inflation peak is not very far from here and should be in place soon,” said Priyanka Kishore of Oxford Economics. “There may of course be outliers. But this is more due to idiosyncratic country factors rather than the global price pressures.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}