• Fed's Powell says decades-long trend of weak inflation likely won't change from new stimulus - at least not immediately

    3 days ago - By Business Insider

    Jerome Powell.
    Getty Images / Tasos Katopodis
    Reopening and new stimulus will likely lift inflation later in 2021, Fed Chair Jerome Powell said.
    Still, the uptick will likely be small and only temporary, he added in a Tuesday Senate hearing.
    Powell said he expects the tendency for inflation to come in below the Fed's target to linger.
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    Additional fiscal stimulus is expected to lift inflation, but the quarter-century trend of weak price growth will likely remain intact, Federal Reserve Chair Jerome Powell said Tuesday. With Democrats...
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  • Fears of inflation are overblown, but it could still trigger near-term stock market volatility, UBS says

    3 days ago - By Business Insider

    Spencer Platt/Getty Images
    UBS says that inflation may spike in the near-term as pent-up demand meets constrained supply. But fears of long-term inflation are overblown, the firm added. Such concerns could still trigger bouts of market volatility and investors should own cyclical stocks, said UBS. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. UBS's chief investment officer of global wealth management says investors should brace for a near-term spike in inflation, but concerns about a long-term rise are overblown.
    "...While we think inflation may spike in the...
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