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Christopher RugaberRealClearPolitics |
“Recent data have clearly not given us greater confidence" that inflation is coming fully under control, the Federal Reserve chair said during a...
Fed vice chair Philip Jefferson joins a chorus of officials suggesting rate cuts are a long way away.
"Consumers are reserving judgment about the economy in light of the upcoming election," the survey's director said.
Per the minutes of the Fed's March 19-20 meeting, all 19 officials agreed that January and February data “had not increased their confidence” that...
Prices outside the volatile food and energy categories rose 0.4% from February to March, the same accelerated pace as in the previous month.
After more than a decade of subsidizing its automakers, China has built a substantial car industry that accounts for 60% of global electric vehicle...
“If the data is too strong, then why are we cutting?” asked Torsten Slok, chief economist at Apollo Global Management.
“The recent data do not ... materially change the overall picture,” Powell said in a speech at Stanford University.
But Fed officials also forecast stronger GDP growth and stubborn inflation, meaning interest rates would have to stay slightly higher for longer.
Large banks aggressively opposed the changes known as the “Basel III endgame,” arguing they would limit lending ability and exceed what is...
Stuart Dryden, a 37-year-old in Virginia, says he's been trying private-label groceries: "the quality is the same and it’s almost a no-brainer to...
“We need to verify that the progress on inflation we saw in the last half of 2023 will continue and this means there is no rush,” Christopher...
The producer price index — which tracks inflation before it reaches consumers — rose 0.3% in January after falling the month before.
Inflation in January fell to 3.1%, from 3.4% in December, but economists were expecting to see 2.9%.
Richmond Fed president Tom Barkin, in a speech Thursday, noted a 1986 surge after Paul Volcker cut rates. "I would love to avoid that roller-coaster...
Powell, in an interview recorded Thursday for the CBS news program “60 Minutes,” also said the nation's job market and economy are strong, with no...
The unemployment rate for workers in what the government calls the “information” sector jumped to 5.5% in January from 3.9% a year ago.
The core Personal Consumption Expenditures index rose 0.2% from November while cooling to 2.9% year-over-year—both lower than expected.
A measure of consumer sentiment by the University of Michigan has jumped in the past two months by the most since 1991.
Christopher Waller wrote to the Brookings Institution that he is "feeling more confident that the economy can continue along its current...
Fed Chair Jerome Powell has recently downplayed the idea that rate reductions are nearing.
The jobs report is expected to show that employers added a solid 172,500 jobs, according to a survey of economists, slightly exceeding October's...
“Most Americans," says Lisa Cook of the Federal Reserve Cook said, "are not just looking for disinflation. They’re looking for deflation."
Lower gas prices helped cool overall inflation, which was unchanged from September to October, down from a surprise 0.4% jump the previous month.
The central bank left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.
The Federal Reserve is set to leave interest rates unchanged for the second time, but a final rate hike isn't off the table.
Compared with a year ago, compensation growth slowed to 4.3% from 4.5% in the second quarter.
“When wealth is growing by the amount that it has been the past three years ... I do think that it’s playing a larger role in this spending...
Stubborn inflation may lead the Fed to keep rates high through year's end.
The report blew out expectations of a 3.8% annual pace, according to a survey of economists by FactSet.
“We cannot yet know how long these lower readings will persist or where inflation will settle over coming quarters," the Fed chair said.
Between 2019 and 2022, the median household's wealth jumped 37% as asset prices surged and low interest rates made it easier to pay off debt.
Prices increased 0.4% from August to September and were unchanged at 3.7% year-over-year, according to Labor Department data.
Philip Jefferson, vice chair of the Fed's board and a close ally of Chair Jerome Powell, said he would “remain cognizant” of the higher bond rates...
Friday's jobs report showed hiring jumped from a 227,000 increase in August, which was also revised higher. Unemployment was unchanged at 3.8%.
Piper Sandler's Benson Durham says the Fed is telling the market: "We’re all over it like a cheap suit, but we’re not sure what exactly we’re...
Jennifer Heasley, who owns a food stall in the York Central Market, had one message for the Fed chair: “Lower interest rates."
“The Fed,” Austan Goolsbee said, “has the chance to achieve something quite rare in the history of central banks — to defeat inflation without...
Here are some reasons for the economy's unexpected resilience and a look at whether it might endure.
Leaving the benchmark rate at 5.4% suggests the Fed will wait and see if the 11 rate hikes it started in March 2022 will continue to cool rising...
Wholesale prices are still rising more slowly than consumer costs, a sign that inflation may continue to cool.
The consumer price index rose 3.7% in August from a year ago.