Tag Archives: Economy

Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor market. Producer prices accelerated in January by the biggest margin in seven months, according to data on Thursday, while a …

Little-known hedge fund manager Said Haidar reportedly joined heavyweights like Citadel CEO Ken Griffin and Mets owner Steve Cohen on the list of Wall Street’s top earners last year after his firm secured a massive 193% return. The Haidar Capital Management boss earned $859 million through gains on his personal …

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 17, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more …

Wholesale prices in the United States reaccelerated in January, indicating that inflation pressures continue to underlie the US economy despite longer-term signs of improvement. From December to January, the government’s producer price index jumped 0.7%, driven up in part by a 5% surge in energy prices. That increase compared with …

(Bloomberg) — The US economy showed remarkable resilience at the start of the year, highlighting robust demand that’s keeping inflation elevated and heaping pressure on the Federal Reserve to stomp the brakes even harder. Most Read from Bloomberg Retail sales rose last month by the most in nearly two years, …