* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Inflation whirlwind on wall street: Ken Griffin’s long-term warning looms – Jonathan Levin

November 15, 2023
in Business
Inflation whirlwind on wall street: Ken Griffin’s long-term warning looms – Jonathan Levin
Share on FacebookShare on Twitter

In the tumultuous world of Wall Street, Tuesday’s inflation report sparked fervour. While the core consumer price index in October rose a modest 0.2%, quelling fears of a surge predicted by some economists, billionaire Ken Griffin advocates a broader perspective. Griffin foresees enduring inflation due to de-globalisation and the waning “peace dividend.” This report, though momentarily easing concerns, leaves the long-term inflation outlook uncertain. As markets react, the Federal Reserve treads cautiously, emphasising the challenge of predicting trends, even as it juggles short-term relief against potential future tightening.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Ken Griffin’s Warning Looms Over Inflation Celebration: Jonathan Levin

By Jonathan Levin

On Wall Street, there’s always a lot of excitement around the latest inflation report. Tuesday’s better-than-expected number was an extreme example — bond yields plummeted and stocks surged. But at the Federal Reserve, policymakers tend to focus on multi-month trends, which are sending extremely mixed signals. And billionaire Ken Griffin, for his part, thinks we should take an even longer view.

Let’s start with the good news. Tuesday’s report showed the core consumer price index rose just 0.2% in October from a month earlier, which annualized to about 2.8% — within spitting distance of the Fed’s 2% target. The median economist surveyed by Bloomberg had thought the number would come in around 0.3%, and 11 of 65 respondents predicted a jump of 0.4% (more on why later.) As a result of that positioning, the reported set off a 20 basis-point yield drop on two-year notes, the biggest one-day move since March.

The guts of the report were also encouraging:

Shelter, a massive and inertial category, rose just 0.3% from the previous month, reversing an alarming spike in September.
Core services excluding housing — a bespoke cut of the overall data that Fed Chair Jerome Powell has said he watches closely — rose just 0.2%, also slowing from September.
And the weighted share of CPI components running above a 2% annualized pace fell to about 69% from 70% (although it was still up significantly from the recent low of 58% after the June report.)

So what does the latest news do for the long-term trend?

As the chart below shows, the three-month annualized rate of core inflation ticked up a bit, and it’s still too high for policy makers to feel comfortable that they’ve tamed inflation. Of course, the outcome was better than the alternative; under a counterfactual scenario in which the 0.4% core CPI inflation forecasts had come true, the three-month annualized pace would have moved up more, to 4.1%, and progress on the six-month rate would have essentially stalled. In conjunction with other data on the real economy, it’s possible that would have helped build the case for further rate increases as soon as December or early 2024. Instead, those rate increases are delayed, though not necessarily canceled.

Policymakers focus on moving averages for a variety of reasons. Seasonal adjustment factors get revised (which can retroactively change the interpretation of a given a report); the index contains a number of imputed categories that behave in quirky ways (recent movements in owners’ equivalent rent and health insurance are key examples); and month-to-month data are just inherently noisy. 

This month, the Bureau of Labor Statistics’ health insurance category — one of those  methodologically odd ones — was widely expected to show price increases after 12 straight months of declines. Health insurance prices are very hard to measure, so the government essentially backs into an estimate once a year and then spreads it out over the ensuing 12 periods (a methodology that, by the way, isn’t shared by the personal consumption expenditures index, the Fed’s preferred inflation gauge.) Since that effect was foreseeable, many analysts thought it might combine with inflation in other categories to help fuel a larger jump overall. In the end, health insurance jumped, but there were more than enough offsets — good news for sure, but also a reminder of how these numbers are funky and imperfect and should be taken with many grains of salt.

Next, there’s the longer-term outlook for inflation and bonds. Griffin, the Citadel founder, thinks the forces of de-globalization and the end of the “peace dividend” could mean higher baseline inflation for decades. Griffin, not unlike other prominent investors including Bill Ackman, warned last week that the pandemic experience together with rising geopolitical tension may lead countries to produce more domestically, fueling higher baseline inflation, possibly for “decades.”

Here’s how he put it at the Bloomberg New Economy Forum last week in Singapore: 

Griffin reiterated some of his earlier views on the peace dividend during an interview with Bloomberg’s Sonali Basak on Tuesday, and also weighed in on the Fed. He allowed for the possibility of rate cuts next year under a scenario in which near-term inflation continues to moderate and unemployment ticks up, but, he said, the Fed must be careful about the signals it sends in the process.

“The key from my perspective is the Fed needs to stay on message that they’re going to put the inflation genie back in the bottle,” he said. “And if they cut too soon, I think they risk losing credibility around their commitment to a 2% inflation target.”

Let’s be clear: In a market that’s been rocked by a lot of bad inflation news, this number could have been much worse, and less-bad-than-expected is worth celebrating — albeit very briefly. It slashes the likelihood of a Fed rate increase in the months ahead without taking further tightening off the table down the road. But for all its positive qualities, Tuesday’s report won’t resolve most of the big outstanding questions governing global markets. Taking the long view, the inflation outlook is still roughly as hazy as it was yesterday.

Read also:

Bitcoin surges to 17-month high on ETF speculation and regulatory wins
Tech stocks in turmoil: Investors seek clues as Nasdaq 100 retreats from AI-fuelled highs
Argentina mulls dollarisation to tackle soaring inflation and economic uncertainty

© 2023 Bloomberg L.P.

Visited 42 times, 42 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/global-investing/2023/11/15/inflation-whirlwind-ken-griffins-warning-jonathan-levin

Tags: businessInflationwhirlwind
Previous Post

Glencore spinning off Coal in a green-driven market – Javier Blas

Next Post

Cops called to Chelsea Hotel after fans follow Marisa Tomei, security brandished tasers

Spatio-Temporal Geographic Networks for Value Co-Creation and Technology Transfer in China with Patent Data – Nature

Unlocking Innovation: How Spatio-Temporal Geographic Networks Fuel Value Co-Creation and Technology Transfer in China

July 14, 2025
2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

July 14, 2025
Canids as pollinators? Nectar foraging by Ethiopian wolves may contribute to the pollination of Kniphofia foliosa – ESA Journals

Could Ethiopian Wolves Be Unexpected Pollinators of Kniphofia foliosa?

July 14, 2025
Guest Opinion: Science is stronger with robust federal funding – Palo Alto Online

Why Strong Federal Funding is Essential for Advancing Science

July 14, 2025
Weight loss may ‘rejuvenate’ fat tissues, clearing away aged cells – Live Science

Weight Loss Could ‘Rejuvenate’ Fat Tissue by Clearing Out Old Cells

July 14, 2025
If your goal is to glow up, say goodbye to these 10 daily decisions – VegOut

10 Daily Habits to Ditch Now for a Stunning Glow-Up

July 14, 2025
‘We’ve never seen a team do this to PSG’ – how Chelsea won Club World Cup – BBC

Unbelievable Comeback: How Chelsea Shocked PSG to Clinch the Club World Cup!

July 14, 2025
India will become $10 trillion economy over next decade, GCCs to contribute $0.5 trillion – The Economic Times

India Poised to Become a $10 Trillion Economy Within a Decade, Powered by GCCs Driving $0.5 Trillion Growth

July 14, 2025
Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

July 14, 2025
11 lessons for health tech startups from one of UpToDate’s creators – STAT

11 Essential Lessons for Health Tech Startups from a Leading Industry Innovator

July 14, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (721)
  • Economy (743)
  • Entertainment (21,631)
  • General (15,893)
  • Health (9,781)
  • Lifestyle (751)
  • News (22,149)
  • People (745)
  • Politics (754)
  • Science (15,962)
  • Sports (21,242)
  • Technology (15,728)
  • World (727)

Recent News

Spatio-Temporal Geographic Networks for Value Co-Creation and Technology Transfer in China with Patent Data – Nature

Unlocking Innovation: How Spatio-Temporal Geographic Networks Fuel Value Co-Creation and Technology Transfer in China

July 14, 2025
2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

2025 MLB Draft tracker, results: Live updates, complete list of every pick, first-round analysis – CBS Sports

July 14, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version