High inflation could be here to stay as commodity prices spike again after a 2-year decline, World Bank says

Copper inventories are falling low just as the global economic reopening gets under way, according to BofA. “If scrap supply doesn't come through, stocks would deplete by 2024,” the bank’s commodity strategists warn......»»

Oil futures climb on Wednesday, on track to score another finish at the highest in a year, finding support from expectations that U.S. economic stimulus measures will boost energy demand and a modest weekly decline in U.S. crude inventories......»»

Shares in many of the major European miners slid in Tuesday trading, as the sector was downgraded by investment bank JPMorgan and silver prices fell back from the highs reached on Monday......»»

The consumer-price index rose 3% in September from a year earlier, according to data released by the National Bureau of Statistics on Tuesday, bumping up against Beijing’s inflation target of “around 3%” this year. Pork prices were a big driver......»»

Sub-Saharan Africa is on course for economic growth of 3.1 percent this year, the World Bank says, marginally slower than it previously forecast but faster than last year thanks to rising commodity prices. Pascale Davies reports......»»

Inflation Check: Doctors Making $350,000 Per Year Can't Find Homes In Long Island As Prices Surge 50% While every news anchor and talking head in the world of finance continues to congratulate the Fed despite inflation still not b.....»»

Europe's largest bank's stance on cryptocurrencies comes as the world's biggest and best-known, Bitcoin, has tumbled nearly 50% from the year's high, after China cracked down on mining the currency and prominent advocate Elon Musk tempered his support......»»

UK inflation rose 1.5% in April, its fastest .....»»

Investors are expected to focus on Federal Reserve speakers in the coming week as they react to US consumer prices climbing to a 13-year-high. OHANNES EISELE/AFP/Getty Images US futures and European stocks edged lower on Monday after overni.....»»

Consumer prices rose 4.2% year-over-year, but the negative price growth seen in April 2020 made for a lower benchmark to compare against. A Publix supermarket cashier bags groceries .....»»

Corn prices hit an 8-year high Tuesday, part of a broad rally for agricultural commodities that's stoking inflation fears. There are several drivers behind the move for maize, including strong demand from China......»»

Corn Prices Touch 8-Year High As Albert Edwards Worries About Food Inflation.....»»

U.S. Treasury yields slip Tuesday after bond investors shrugged off an increase in consumer prices in March that sent yearly inflation measures to the highest level in two and a half years......»»

Consumer prices rose in March for the fourth month in a row and the pace of inflation hit the highest level in two and a half years, underscoring new pressures emerging on the economy as the U.S. recovers from the coronavirus......»»

Faster inflation later this year will be the result of a comparison with artificially low consumer prices a year earlier during the pandemic......»»

Such expectations are used as a gauge of future inflation since businesses are likely to lift prices in line with what consumers anticipate. B Businesses are likely to lift prices in line wit.....»»

US Futures Slide After China Reopening Disappoints; Yields Resume Rise Global stocks struggled to avoid a second day of declines on Thursday as hints of surging inflation led by a one-year high in oil prices and the stronges.....»»

Silver prices pulled back on Tuesday, on the heels of the Chicago Mercantile Exchange lifting margin requirements......»»

Lumber prices more than doubled last year to touch a record high, but the rally has faded on the back of a rebound in supplies. With the value of the commodity down sharply in the new year, prospects for fresh records have dimmed......»»

Meanwhile, low interest rates are expected to keep mortgage refinancing volumes high throughout the year......»»