Wednesday, June 29, 2022
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Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery."The Fed only has one tool to bring in inflation and that is they have to slow demand," the Bianco Research president told CNBC "Fast

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1980s-era rate hikes designed to fight inflation will create more market turmoil, Canaccord’s Tony Dwyer predicts

Stocks may go into a deeper tailspin.Canaccord Genuity's Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely."Typically, I've been bullish over the years. But there's a money availability problem," the firm's chief market strategist told CNBC's "Fast Money" on

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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

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UK economy ‘one of the most vulnerable’ in the world right now due to mortgage trends, strategist says

George Clerk | E+ | Getty ImagesThere's an economic idiosyncrasy in the U.K. that makes it "one of the most vulnerable countries in the world right now," according to an investment strategist.Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its

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IIFL Home Fin ties-up with SBI for affordable housing loans under co-lending model

IIFL Home Fin has entered into a strategic co-lending partnership with State Bank of India to accelerate effective and affordable credit to small home buyers in the country. IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans. "This is

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There is ‘nowhere to hide’ for consumers as inflation hits food, gas, housing

David Sacks | Getty ImagesConsumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting.The Consumer Price Index jumped 7.9% in February relative to a

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The Federal Reserve is shrinking its $9 trillion bond program. Here’s what that means for your portfolio

Members of the Federal Reserve are debating how quickly to reduce the central bank's portfolio of bonds, without starting a recession.Heading into the second quarter of 2022, the balance of Federal Reserve's assets is almost $9 trillion. The majority of these assets are securitized holdings of government debt and

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U.S. is the ultimate safe haven for your money during Russia’s war on Ukraine, Blackstone’s Joe Zidle says

The world's leading private equity firm suggests the U.S. the ultimate safe haven play.According to Blackstone's Joseph Zidle, it's largely insulated from the Russia-Ukraine war fallout."The U.S. is an island of growth," the firm's chief investment strategist told CNBC's "Fast Money" on Thursday. "The U.S. is one of the

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Investor Peter Boockvar blames Fed policy ‘mistake’ for surging housing and auto prices

Investor Peter Boockvar is slamming the Federal Reserve over surging inflation that's driving up the cost of essential, big-ticket items.As Fed policy makers gather for their two-day meeting on interest rates, Boockvar warnsthere's little they can do to cool prices."Monetary policy mostly and pretty much predominantly influences the demand

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