When Jerome Powell steps into the congressional coliseum to deliver his semi-annual testimony to the House and Senate, he is very likely to be met with an aggrieved chorus of Democratic lawmakers arguing that monetary loosening is long overdue.
Raphael Bostic warned on Monday that a premature Fed cut could spark an economic boom that would send inflation higher again.
As high inflation vexes the U.S. economy, a solid majority of registered voters say Biden’s policies will make prices rise.
A new poll by The New York Times and Siena College found that likely voters between the ages of 18 and 29 overwhelmingly have a negative opinion of economic conditions today.
George Eliot’s short story “Brother Jacob” begins with a warning about the danger of the desire to be a provider of sweets. It’s a warning about inflation
“Firms are consequently investing in more staff and more equipment, laying the foundations of further production gains in the coming months to hopefully drive a stronger and more sustainable recovery of the manufacturing economy,” S&P Global’s economist said.
Inflation is rising, and the underlying indicators of price pressures suggest this is unlikely to reverse soon.
Super core inflation exploded higher in January.
The pace of price hikes faced by American households accelerated in January to its fastest in a year, challenging the notion that high inflation is receding. The personal consumption expenditure price index, known as the PCE price index, rose 0.3
The economy did not grow quite as fast as previously thought in the third quarter, but the details should undermine any hopes that this might allow for earlier or deeper rate cuts from the Federal Reserve this year.
The U.S. economy in the final quarter of last year grew at a slightly slower rate after adjusting for inflation than previously estimated, the Commerce Department reported Wednesday. Gross domestic product, the government’s broad measure of economic activity, expanded at
There is clearly a partisan component to consumer attitudes about current economic conditions.
How restrictive can monetary policy really be if home prices climbed for an 11th month to an all-time high?
The manufacturing sector is hitting a note that’s been sorely missed in recent acts: the sound of recovery.
New home sales rose in January for a second consecutive month. Sales of recently built, previously unoccupied homes in the U.S. rose by 1.5 percent in January to an annual rate of 661,000, up from 651,000 in the prior month,
Fed Governor Christopher Waller argues that there is no reason to fear that we are sailing into a recession, which is the thing that usually prompts rate cuts from the Fed.
Nvidia has been described as the manufacturer of sieves, shovels, and pickaxes for the artificial intelligence gold rush. But what happens if the artificial intelligence boom goes bust?
The economy appears to be growing much faster than the Fed expected, casting rate cuts into doubt.
There’s no sign of cooling in the labor market, putting rate cuts into doubt.
The decision of the Fed to start cutting interest rates bears a strong resemblance to the decision to marry. It can be reversed but only with a great deal of awkwardness, some economic difficulty, and often a reputational cost.
The anticipated economic chill prompting rate cuts seems to be thawing before our very eyes.
Hisatory’s most anticipated recession appears to be over before it even began.
A partisan divergence in the most recent consumer sentiment survey points to rising Republican presidential hopes and flagging Democratic optimism.
The disinflationary forces that convinced so many that we were marching into a period of easing have receded. When Wall Street will recognize the pattern on the wall is still an open question.
The drop in retail sales in January did not reflect a decline in consumer sentiment.
Inflation came roaring back in January, putting Fed cuts in doubt.
We are in serious danger of entering a historically anomalous era of prolonged inflation.
A leading indicator of consumer inflation just went to DEFCON 1.
Americans pulled back on shopping after their big Christmas shopping spree, especially on big purchases that are typically financed with borrowed money. Retail sales fell 0.8 percent in January from a month earlier. Economists had forecast a milder 0.1 percent
The evidence is mounting, as solid and as undeniable as the ground beneath our feet. Inflation is here, it’s real, and it’s time to pay attention.
A longstanding rule prohibiting administration officials from commenting on economic data for one hour is about to be scrapped.
Share jumped by more than 35 percent even after the company admitted it had bungled its earnings guidance.
Inflation, having long since overstayed its welcome, announced on Tuesday that it was just getting comfortable.
The consumer price index unexpectedly jumped higher on a month-to-month basis in January.
The Federal Reserve justifiably received a lot of criticism for its tardy response to the surge of inflation. Now its critics accuse it of being too hesitant to lower interest rates.
The surveys of consumer sentiment increasingly reflect partisan political views
Monetary policy may be a dead end. Perhaps it’s time to start looking elsewhere for what is really driving inflation and growth.
Warren claims, without evidence and contrary to the views of most economists, that rents are rising because of Fed rate hikes.
The economy appears to be able to operate at a high rate of growth with interest rates that would have been seen as highly restrictive in the pre-pandemic era.
The latest sign that the economy does not need a rate cut from the Fed.
