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
In a trend that underscores the intransigence of high inflation in the U.S., the cost of imported goods rose in April for the fourth month in a row, marking the fastest pace of increasing import prices in two years. The
The White House says that you shouldn’t take Joe Biden literally when he says inflation was nine percent when he took office—and tries to dodge responsibility for the price surge that has plagued his presidency.
One month’s worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
Economists had been expecting sales to climb again in April.
Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months.
Jerome Powell still stubbornly resists the idea that the Fed’s next move may be a hike rather than a cut.
The producer price index shows that inflation accelerated significantly in April.
Joe Biden is not a general, but he suffers from the generals’ curse of always fighting the last war.
There’s really no mystery why so many people are unhappy with the Biden economy.
Biden’s late-in-the-game embrace of tariffs is widely seen as an election year pivot to win support in battleground states.
Revived inflation is crushing consumer sentiment just six months ahead of the presidential election.
The specter of inflation haunts the corridors of the West Wing, and the Biden administration’s every attempt to exorcise the poltergeist of rising prices only deepens the grip of its possession.
The Fed and many on Wall Street assume that the villain of excess saving has been put to rest. Don’t be so sure.
American businesses are still running down wholesale inventories, Commerce Department data showed Wednesday. Inventories are goods produced for sale that have not yet been sold. Businesses tend to shrink inventories when they expect sales to fall and expand inventories when
If you can slow down the housing market, you can probably slow down the economy and reduce inflation.
Portfolio manager Steve Eiseman expects Donald Trump will raise tariffs on China but called claims that this would cause inflation “ridiculous.”
The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
For the first time ever, the expectation to own a home among younger Americans fell below 50 percent.
Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.
Economists had forecast payrolls would grow by 240,000 and the unemployment rate would hold steady at the prior month’s 3.8 percent.
The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
An unexpected slump in productivity raises unit labor costs and risks higher inflation.
Republicans looking out across the chaos that has engulfed American campuses should take Richard Nixon’s advice: “Never murder a man who’s committing suicide.”
The Fed chair does not see a rate hike coming but he acknowledged that recent setbacks on inflation mean the current rate policy will last for longer than anticipated.
Federal Reserve officials agreed on Wednesday to hold interest rates steady for the sixth consecutive meeting, signaling that it is willing to keep rates at the highest level in more than two decades for longer than previously expected and noting that progress on bringing down inflation has stalled.
Job openings fell but private sector quits rose.
As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
A rare miss on profits for the fast-food chain.
Despite the Biden administration’s attempts to convince Americans that the economy is improving, consumer confidence has been sliding for the last three months.
The odds of a Fed cut are evaporating amid the blaze of hotter than expected inflation figures.
Can the jobs numbers really be as good as they look?
It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year.
The PCE index shows that progression on bringing down inflation has stalled.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
Consumer spending weakened by much more than expected while inflation accelerated.
The Biden administration’s declaration that it will treat almost all noncompete provisions in employment agreements as illegal should be seen for what it is.
