Inflation Information

6:57 a.m. Today - By Susan Shain
Good news: You might live to be 100. That’s also the bad news This is why you need to start saving today.  This is why you need to start saving today
Dudley: Inflation may not hit 2% annual rate target for 6-10 months given recent weak data
6:49 a.m. Today
Fed's Dudley says labor market tightness and weaker dollar will help boost inflation
6:47 a.m. Today
6:25 a.m. Today - By Greg Robb
U.S. wholesale inflation drops in July for first time in 11 months The July annual rate is the lowest since January.  Producer prices fell 0.1% in July, the first decline since last August, the Labor Department said Thursday.
6:24 a.m. Today - By Mark DeCambre
Dow, S&P 500, Nasdaq threaten to all log 3rd straight loss for first time since April North Korean tensions help to undercut investor optimism.  U.S. stock-index benchmarks trade firmly lower on Thursday as Wall Street extended its recent move south amid persistent tensions between the U.S. and North Korea.
6:00 a.m. Today - By Greg Robb
Fed's Dudley says modest wage growth reflects sluggish productivity.  Wage growth in the U.S. economy remains modest in part because of sluggish productivity, said New York Fed President William Dudley on Thursday. As U.S. economic leaders consider how to address income inequality, they should also consider how to improve productivity, because that would help raise the level of household income, Dudley said in brief prepared remarks to reporters at his bank's headquarters near Wall Street. Dudley, who always has a vote on the Fed's policy committee, said his bank's economists project continued moderate growth in the economy and further strengthening of the labor market. Inflation should move up toward the bank's 2% target "over the medium term," Dudley said.
5:51 a.m. Today - By Rachel Koning Beals
Gold at 2-month high as North Korea tension boosts haven assets over stocks Silver also on track for its best close in 2 months Gold futures traded at their highest in two months Thursday, adding to the previous session’s sharpest daily rise since the middle of May, as simmering North Korean tensions underpinned haven investments.
5:01 a.m. Today - By Sunny Oh
Treasury yields fall after reports on jobless claims, wholesale inflation U.S. wholesale inflation falls 0.1% in July.  Treasury yields fell slightly as bond traders after a morning rush of economic data
2:02 a.m. Today - By Peter Morici
Why central bankers are so confused by low prices Yellen doesn’t understand that low inflation will persist because of changes in economy.  Central bankers are captives of outdated theories that can’t explain how low prices can persist, writes Peter Morici.
1:04 a.m. Today - MarketWatch
U.K. industrial output rises on North Sea oil bump.  LONDON--U.K. industrial production grew unexpectedly in June, data showed Thursday, as North Sea oil fields continued to pump instead of going into their usual summer maintenance. Industrial output rose by 0.5% on the month in June, the Office for National Statistics said, surpassing the expectations of analysts polled by The Wall Street Journal, who forecast a drop of 0.2%.
10:45 p.m. Aug. 9, 2017 - By Carla Mozee
Here’s why export powerhouse Germany is ‘euphoric’ even with a soaring euro But the DAX has fallen, and there are risks to the bullish view at German companies.  Concerns that a stronger euro will hurt big exporters in Europe’s largest economy have hit German stocks — but there are good reasons for the bullish mood among the country’s businesses, analysts say.
10:17 p.m. Aug. 9, 2017 - MarketWatch
New Zealand central bank keeps rates on hold.  WELLINGTON, New Zealand -- The Reserve Bank of New Zealand kept rates on hold Thursday after CPI inflation flatlined in the second quarter. "Numerous uncertainties remain and policy may need to adjust accordingly," RBNZ Gov. Graeme Wheeler said after the decision to leave the official cash rate at 1.75%.
12:23 p.m. Aug. 9, 2017 - By Rachel Koning Beals
Government bonds draw bids as U.S.-North Korea tensions mount St. Louis Fed President said central bank could be too aggressive with raising rates in the face of anemic inflation readings.  U.S. Treasurys on Wednesday drew buyers attracted to the perceived safety of government paper, pushing yields lower, as the world monitored escalating, bellicose rhetoric between the U.S. and North Korea
11:03 a.m. Aug. 9, 2017 - By Sunny Oh
Why Gundlach says ‘coiling’ markets could spark a volatility surge The CBOE Volatility Index has hovered close to a reading of 10 over the past year.  Jeffrey Gundlach says a breakout in bond yields could pull stocks lower and realize a spike in volatility that has been quiescent of late.
10:49 a.m. Aug. 9, 2017 - By Steve Goldstein
What that viral New York Times inequality chart really shows Yes, the winners are taking more, the ‘Our broken economy’ story shows.  Here’s what that viral New York Times inequality chart shows.
10:25 a.m. Aug. 9, 2017 - By Greg Robb
Fed risks being too aggressive on rate hikes, Bullard says.  There is some risk that the Federal Reserve could be too aggressive if it pushes too hard to raise interest rates, said St. Louis Fed President James Bullard on Wednesday. "I think we are actually in pretty good shape for rates right now," Bullard said in an interview on Bloomberg. If conditions remain as they are "I would not see the policy rate moving very much off of where we are today." The Fed has been surprised how soft inflation has been this spring, the St. Louis Fed President said. The softer data call into question the Fed's story that inflation is gradually moving toward the Fed's 2% target, he said. Bullard said he did not think weaker inflation was due to a few transitory factors as some other Fed officials, including Chairwoman Janet Yellen, have argued.
10:15 a.m. Aug. 9, 2017 - By Greg Robb
Here’s what the Fed’s Evans thinks about the economy and interest rates Fed’s Evans backs balance-sheet reduction but ambivalent toward another rate hikeA dovish Federal Reserve official on Wednesday said he supported the central bank announcing it would start to reduce its balance sheet next month, but said inflation would have to accelerate for him to support a rate hike at the end of the year.
Fed's Bullard not optimistic inflation will be higher by year-end
9:04 a.m. Aug. 9, 2017
Evans: Ambivalent about another rate hike, says he would like to see higher inflation
9:00 a.m. Aug. 9, 2017
1:41 a.m. Aug. 9, 2017 - By Ryan Vlastelica
Dow’s 35 all-time-high closes in 2017 put it halfway toward a record number of records In 1995, the blue-chip stock-market index notched 70 record closes.  The Dow Jones Industrial Average has been hitting a lot of records lately, including ending at closing highs in each of the past nine sessions. But it is only about halfway to hitting a record number of records.
10:13 p.m. Aug. 8, 2017 - MarketWatch
China inflation down a notch, slower than seen.  BEIJING--China's consumer inflation slowed a notch in July, with softer non-food prices signaling that economic activity may be cooling as Beijing works to reduce debt levels. China's consumer-price index rose 1.4% in July from a year ago, compared with a 1.5% gain in June, the National Bureau of Statistics said on Wednesday.
6:02 p.m. Aug. 8, 2017 - MarketWatch
China's consumer inflation slows in July.  BEIJING--China's consumer inflation unexpectedly slowed in July on continued weakness in food prices and cheaper non-food items, official data showed Wednesday. China's consumer price index in July increased 1.4% from a year earlier, compared with a 1.5% gain in June, the National Bureau of Statistics said.
2:39 p.m. Aug. 8, 2017 - By Beckie Strum
This famed mansion is the most expensive listing in America $350 million Bel Air estate was used in ‘Beverly Hillbillies’.  The most expensive home for sale in the United States is the grandiose mansion from the 1960s TV-series “The Beverly Hillbillies,” which hit the market Monday for $350 million.
1:19 p.m. Aug. 8, 2017 - By Sunny Oh
Treasury yields see gains as corporate supply weighs on market Speculation that Apple will plan a mega debt sale has kept investors on the sidelines.  The Treasury yield curve steepens ahead of jobs opening data could provide further signs of a tightening labor market, which economists hope will stimulate wages and inflation and add support for monetary tightening this year.
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