John Carney - Page 47

Business investment came to a standstill in the final month of 2021.

The Federal Reserve on Wednesday sent a clear message that it intends to raise its interest rate target at its next meeting in March.

Lots of stimulus spending wound up in the pockets of foreign manufacturers.

The prices of products manufactured in the U.S. central Atlantic region rose in January at the fastest annual pace recorded in data that stretches back twenty-five years, according to a survey from the Federal Reserve Bank of Richmond released Tuesday.

Inflation, supply chain disruptions, quarantines, and soaring virus cases have brought the U.S. economy to a near standstill at the start of the year.

The economy slowed in December as supply-chain bottlenecks and rising infections hurt production and retail sales disappointed.

More signs of economic drag from the omicron surge.

The forward-looking measure of prices paid by manufacturers jumped to its highest level in decades.

Layoffs pickup as new cases surge.

Higher oil prices are closely associated with higher inflation.

Lumber costs jumped 24 percent in December, likely depressing single-family construction for the month.

Instead of a hike every other meeting, the swaps market now projects a series of consecutive hikes through the middle of this year.

Another sign that supply chain issues, inflation, and omicron are further disrupting the economy.

Omicron has brought growth in New York State manufacturing to a halt.

OECD leading indicators point to slowdowns in Germany, China, U.K., and Italy.

China’s economy slowed more than expected at the end of last year, prompting concerns about growth and a surprise rate cut.

The head of America’s largest bank says inflation will likely force the Fed to hike even more than markets currently expect.

Fourth quarter growth now looks weaker in light of new data on consumer spending and industrial production.

Supply constraints just got even worse, suggesting more inflation ahead.

Nearly half of Americans think inflation will devour all their income gains this year. Less than one-fifth expect real income gains over the next year.

Holiday shoppers stayed away in December thanks to high prices and early shopping.

Biden’s nominee for the second-highest position at the Fed rejected calls for the Fed to advance a climate change agenda through its bank supervision powers.

The total number of people employed in the U.S. still lags behind the prepandemic level. The workforce participation rate has not recovered either.

The highest full-year producer price inflation on record.

More Americans are working but real earnings are down by a near record amount.

The Fed has failed to foresee two consecutive economic disasters.

Inflation in car and truck prices shows no signs of hitting the brakes.

The seventh straight month of inflation running above five percent.

No more stimulus needed.

Dalio, worth over $18 billion, thinks the U.S. should learn lessons from China’s “common prosperity” crackdown on perceived rivals to Xi Jinping’s authority and influence.

Eighty-five percent of wholesalers and 70 percent of retailers report they are raising prices.

The economy was mentioned as a top priority by 68 percent of Americans, while the virus was mentioned by just 37 percent.

The pandemic’s contribution to inflation is probably going to get worse in the weeks ahead.

Because of Bidenflation, workers are worse off even though nominal wages are increasing at historic rate.

Diversity, Inclusion, and Equity? The racial gap in unemployment got much worse in December.

Biden’s first year in office ends with another very disappointing jobs report.