Joe Biden position’s on inflation is directly at odds with Fed Chairman Jerome Powell, which could lead to fierce conflict between the two men next year if persistent inflation forces Powell to hike interest rates higher.
U.S. consumers see inflation rising at a much higher pace than they did earlier this year, a key survey of consumer sentiment showed Friday. The University of Michigan’s survey of consumers showed consumers expect inflation to be running at an
The gain in personal income for September was more than offset by rising prices.
The cost of goods and services rose 0.4 percent for a second consecutive month in September, challenging the view that the Federal Reserve’s rate hikes are still bringing down inflation.
The American economy can stay solvent longer than economists and pundits can stay irrational.
The housing market’s rebound keeps surprising to the upside.
Spending by American households triggered a surge in economic growth in the third quarter of this year.
Americans just bought a near record number of new homes in what has been called the most unaffordable housing market in decades.
Americans looked past soaring interest rates to buy new homes at a stunning pace in September. The Commerce Department said new home sales rose 12.3 percent from the prior month to an annual rate of 759,000 in September, far more
If you want to know why progress on bringing down inflation has stalled, a good starting place for your investigation would be the federal budget deficit.
The growth of the U.S. economy appeared to accelerate in October, with both the services and manufacturing sides of the economy growing, an early read of S&P Global surveys of businesses showed Tuesday. The S&P “flash” services-sector index rose to
Superstitious investors can breathe a sigh of relief. We passed another anniversary of Black Monday without a stock market crash.
Where’s that slowdown all the Fed officials were saying they heard about in September?
The Federal Reserve is not buying the optimism about the economy that the White House has been marketing under the brand Bidenomics.
Bidenflation sent government spending soaring and depressed revenue.
Growth was stronger than expected in 2023. Most Americans and economists agree that the economy is likely to be weaker next year.
Federal Reserve Chair Jerome Powell’s remarks today gave plenty of reason to believe that the Fed will not hike rates at its November 1 meeting.
Powell sent a message that the Fed’s next “move” will be a long pause in interest rate changes.
“The Conference Board forecasts that this trend will not be sustained for much longer, and a shallow recession is likely in the first half of 2024,” said Justyna Zabinska-La Monica.
The Fed’s fight against Bidenflation is pushing up home prices even while the volume of home sales declines.
Federal Reserve Governor Chris Waller on Wednesday drained some of the drama of the coming Halloween meeting of the Federal Open Markets Committee.
High mortgage rates are unexpectedly driving a boom in home building.
What if the Federal Reserve declared a restrictive monetary policy and no one heard it?
Wall Street is still underestimating demand in the U.S. economy, raising the specter than inflation may make a surprise return.
Consumer demand remains much stronger than expected despite a record pace of interest rate hikes from the Federal Reserve.
Philadelphia Federal Reserve President Patrick Harker said on Monday that he believes it is time for the Fed to stop raising rates.
“More Americans than ever will be reaching into their wallets and spending a record amount of money to celebrate Halloween this year,” NRF President and CEO Matthew Shay said.
The Empire State manufacturing index has turned extremely volatile during the Bidenflation era.
With so many measures suggesting that disinflation has already nearly run its course, that makes rate hikes next year far more likely than the less-than-zero chance bonds markets currently reflect.
A significant gloom enveloped American households in October as expectations for business conditions plunged and consumers increasingly worried that inflation is hurting their personal finances.
The Federal Reserve’s fight against inflation has faltered.
Economists had forecast a rise of 3.6 percent, down from 3.7 percent in August.
The market believed that the Fed might not need to hike again because yields were already doing the work of another hike. And that’s when the bond market started laughing.
Inflation is proving stickier than expected and core price increases are accelerating.
While there’s been a lot of chatter over the past few days about the September jobs figures being weaker than they looked, the numbers do not really support the negative interpretation.
War is expensive and inflationary.
The oil market has been rattled by worries that the Hamas attack could hurt global energy supplies.
The fact is that Bidenomics is not working, and the American people have noticed.
“Don’t let them immanentize the eschaton” was an improbably popular slogan among conservatives of the 1960s and ’70s. It now looks like a good maxim for considering inflation and interest rates.
The much-better-than-expected surge in employment puts pressure on the Federal Reserve to hike again at its two meeting that starts on the final day of October.
