Inflation

Elevated and persistent inflation, coupled with a sharp rise in interest rates, are among the greatest near-term risks to the U.S. economic system, the Federal Reserve said Monday, while warning that Russia’s invasion of Ukraine could also affect financial stability. “Further adverse surprises in inflation and interest rates, particularly if accompanied by a decline in economic activity, could negatively affect the financial system,” the central bank said in its latest semiannual…

Americans itching to travel this summer after navigating Covid-19 for the past two years face a new disruption to plans: the rising cost of travel.Inflation rose to 8.5% in March compared with the same month a year earlier, according to the Labor Department’s consumer-price index—the highest rate in four decades. Gas prices are up about 50% from a year ago. Hotel costs jumped nearly 30%, and airline fares rose 24%, while vehicle-rental costs jumped nearly 14%. April figures set to be released on Wednesday aren’t expected…

Longer-term inflation expectations ticked higher in April, according to a survey released by the Federal Reserve Bank of New York on Monday, challenging the central bank’s efforts to bring price pressures down. Respondents to a poll by the New York Fed see inflation rising by 3.9% three years from now, up from a 3.7% rise they predicted in the March survey. Meanwhile, respondents believe inflation one year from now will rise by 6.3%, down from March’s 6.6% level. Longer-term inflation…

Shoppers in a San Francisco grocery store earlier this month. Economists forecast that year-over-year readings for the consumer-price index started to ease in April. Photo: David Paul Morris/Bloomberg News…

HONG KONG—As inflation soars around the world, the world’s second-largest economy has kept it at bay.Consumer prices in China increased just 1.5% in March from a year earlier, after rising 0.9% in 2021 from the year before.By contrast, the U.S. annual inflation rate was 8.5% in March and 7.5% in 2021, the steepest since 1982. In the eurozone, annual inflation reached a record 7.5% in April. Some 71% of 109 emerging and developing economies experienced 5% or higher inflation in 2021, twice as large as at the end of 2020,…

After a quarter-point increase in March, the US central bank's policy-setting committee pushed the rate above 0.75 percent and said more increases "will be appropriate." The rate-setting Federal Open Market Committee said it was "highly attentive to inflation risks."…

Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable.Source: Nicole BrandfonNicole Brandfon and her fiance, Adam Alonso, will hop on a plane from Florida to South America early next year for a destination wedding. The international trip wasn't their original plan, but it's saving them money.The couple, engaged since last June, had been dreaming of holding their wedding in Miami, where they both work and reside. But as they started to plan, the duo…

CNBC's Jim Cramer said Friday that the Federal Reserve's attempts to crush inflation by raising interest rates will also inevitably bring down "formerly high-flying stocks" — even those that are "legitimate" companies.The stock market is "a major risk to containing inflation. It's not just collateral damage, it's one of targets. Not every stock, but certainly the ones with shaky valuation underpinnings that were trading through the roof on sales or even orders,"  the "Mad Money" host said."While we wait for the Fed to…

FG Trade | iStock | Getty ImagesMore from FA Playbook:Here's a look at other stories impacting the financial advisor business."We all understand that markets go through cycles and recession is part of the cycle that we may be facing," said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts.However, since no one can predict if and when a downturn will occur, he pushes for clients to be proactive with asset allocations.Diversify your portfolioDiversification is critical when…

U.S. President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room at the White House in Washington, U.S., May 4, 2022. Evelyn Hockstein | ReutersFewer small business owners now than a year ago approve of the job Joe Biden is doing as president. In fact, small business owners are twice as likely to disapprove than to approve of Biden, according to the latest CNBC|SurveyMonkey Small Business Survey, which was conducted April 18-25 among 2,027 small business owners in the U.S. …