John Carney - Page 8

Inflation, high interest rates, and the exhaustion of excess household savings may finally be taking their toll on the economy. Consumer spending rose a modest 0.2 percent in April, the smallest increase in three months, data from the Department of

The National Rifle Association’s big victory at the Supreme Court on Thursday puts a target on climate change regulations that have put fossil fuel companies under fire.

The U.S. trade deficit in goods unexpectedly surged higher in April as imports of autos and capital goods grew rapidly. The deficit widened by 7.7 percent to $99.4 billion in April, the Commerce Department’s advanced estimate of trade and inventories

The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday.

Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.

Hammack will replace Loretta Mester, one of the Fed’s most hawkish officials.

The Conference Board’s monthly measure of consumer confidence is another piece of evidence suggesting that the economy accelerated in May.

High mortgage rates are holding back the supply of homes for sale, putting homes out of reach for many Americans.

After three months of rough inflation news, the April data is expected to give Fed officials at bit of a breather.

Just 40 percent of the public approve of Biden’s handling of the economy. Trump gets a 62 percent approval rating.

Even among Democrats, the U.S. economy is seen as “good” or “excellent” by a small minority.

Who invited Bidenflation to the cookout? Hamburger prices are up six percent and hot dog prices up 7 percent.

While Wall Street has finally come around to the view that interest rates are likely to stay higher for longer, it may still be underestimating just how high and how long.

Axios reports that insiders close to Schwarzman attribute his return to the Trump camp to rising concerns about antisemitism and dissatisfaction with President Biden’s policies.

The University of Michigan’s consumer sentiment index fell to 69.1 in May, a sharp decline from 77.2 in April, marking the lowest reading in five months.

One of the last holdouts for an early rate cut has conceded that the Fed will likely hold out for longer.

Inflation is increasingly coming to resemble the old joke about the weather: everyone talks about it, but no one ever does anything about it.

Businesses stay optimistic as inflation stubbornly persists and Fed keeps rates high.

High interest rates and home prices are putting homeownership out of reach for many Americans, especially younger Americans.

Low levels of jobless claims indicate that the labor market is still providing fuel to economic growth.

There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.

The April-May minutes have a much more hawkish tone than the summary of the previous meeting.

Sales fell for the fourth consecutive quarter as the company still struggles to recover costumer trust following its disastrous embrace of woke-ideology.

Sixty percent of the public are skeptical of media reports depicting the economy as doing well.

Prices hit a record high for April, putting homes out of reach for many would-be buyers.

If Donald Trump’s social media venture is going to vindicate the faith of investors who have given it a six billion dollar market value, it must learn a critical lesson from the tech titans of the past: substantial early losses can be a harbinger of long-term success.

Biden lambasts “corporate greed” while courting corporate leaders behind closed doors, CNBC reports.

Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.

You can add the collapse of the U.S. consumer to the list of things that nearly everyone has been expecting but shows no signs of actually occurring.

American progressives are in a state of high dudgeon, gnashing their teeth at the realization that the American people favor Donald Trump’s economy over Joe Biden’s.

Powell is working from home while he deals with his second bout of Covid.

While the leading indicators no longer point to a looming recession, the COnference Board says growth is likely to slow to a one percent pace in the second half of this year.

Jerome Powell might want to look away from the stock market. It’s making a mockery of the idea that financial conditions are sufficiently restrictive.

Economists had expected a slight uptick in industrial production.

On Thursday, the company reported earnings that fell short of Wall Street’s expectations and Kevin Plank, the company’s co-founder who returned to run the company in March, warned that reviving the sportswear brand will take time.

The number of Americans applying for unemployment benefits decreased by 10,000 last week to a total of 222,000 on a seasonally adjusted basis, reflecting a continued period of low layoffs across the country. This decline follows an sharp spike to