Inflation took a breather in May, cooling to its lowest annual rate in over three years, according to key data eyed by the Federal Reserve. The core personal consumption expenditures price index, which excludes food and energy prices, nudged up
In fact, it was 6.4 percent.
Biden started out the presidential debate by falsely claiming the economy was in a “free fall” when he took office.
Trump has a chance to defend his title of “Tariff Man” in tonight’s debate. We’re hoping he takes it.
The jump in inflation as 2024 started was even worse than previously thought.
Notable economists, including Janet Yellen’s husband, claim without evidence that Trump’s policies will be inflationary. They never warned us about Bidenflation.
Wall Street and the Federal Reserve have been wrong about a lot of things over the last few years. And now it looks like they’re going to be wrong about how long inflation will stay high.
Sales of new single-family homes fell 11.3 percent to an annual pace of 619,000, the lowest since November, data from the Census Bureau showed Wednesday.
The biggest underpriced risk in the market is still a hike from the Federal Reserve.
The expectations index fell even further below the recession threshold it first crossed five months ago.
Home prices in America’s largest metro areas are up 7.2 percent, outpacing overall inflation and putting homes out of reach for many Americans already squeezed by rapidly rising prices.
The economic pessimism among younger voters poses a political problem for Joe Biden, but there could be a hidden silver lining in all of this youth dissatisfaction with the economy and especially inflation.
Biden’s approval rating on the economy among Hispanic voters has cratered, a development which will almost certainly have serious implications for his re-election campaign.
High inflation brought down consumer sentiment to the lowest level in seven months in early June, the University of Michigan’s survey of U.S. households showed Friday. The University of Michigan Consumer Sentiment Index fell to 65.6 in the preliminary June
If Joe Biden loses his bid for a second term as president, the state of the economy and his economic policies are almost certain to be recorded in the history books as primary reasons voters turned against him.
Another soft inflation report for May.
Initial claims for unemployment benefits rose for the third week in a row.
The Fed has finally come around to the idea that interest rates are very likely to be higher for as far as the eye can see.
Fed officials sharply reduced the number of rate cuts they expect this year, confirming indications that the Federal Reserve is likely to hold its interest rate higher for longer.
Rents are up 5.3 percent compared with a year ago.
America got some good news on inflation on Wednesday, possibly opening the door for lower interest rates this year.
All eyes will be on the dots tomorrow when the Federal Reserve releases its quarterly economic forecasts known as the Summary of Economic Projections, or SEP.
Why is the public so unhappy with President Biden’s economic leadership?
The rise in longer-term inflation expectations are likely to add weight to the argument that the Fed should keep its policy rate at current levels rather than cut later this year.
We have been saying for a few weeks that the softness in the April numbers looked like a “blip” and that the economy appeared to rebound in May. The jobs numbers confirm that view, and we expect that will not be lost on Fed officials when they meet next week.
Much higher than expected job growth and wage growth shuts the door on a rate cut early this summer.
As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
Democrats are increasingly optimistic about America’s economy despite signs that growth is slowing and inflation has accelerated.
Labor costs are rising at a fast rate that indicates a resurgence of inflationary pressure.
The number of people applying for unemployment benefits jumped by 8,000 last week to 229,000, more than economists had forecast.
May brought a surprising burst of vitality to the U.S. economy, with robust reports from the Institute for Supply Management (ISM) and S&P Global.
The services sector is sending a message: no Fed cut soon.
The smallest increase this year.
Those looking at the Job Openings and Labor Turnover Survey (JOLT) and seeing it as a roadmap to a July rate cut have taken a wrong turn.
Factory orders keep rising and orders for consumer goods are rising even faster.
The number of vacant jobs in the U.S. fell to just over eight million in April, indicating that employer demand for labor has slackened and reviving hopes for interest rate cuts this year.
Our view that the Fed would not cut rates this year has gone mainstream.
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
Construction spending took a slight dip in April as both U.S. companies and the government hit the brakes on projects nationwide, feeling the squeeze of high interest rates. The Commerce Department reported Monday that spending on construction projects edged down
The New York Stock Exchange said it is experiencing technical issues.
