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.
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.
Perhaps if we started an Inflation Day movement, more attention could be drawn to the fact that rising price levels are the results of public policy choices.
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.
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
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.
The big driver of General Motors' great earnings report has been the Detroit automaker's decision to focus on selling the gas-powered vehicles their customers want to drive instead of the electric vehicles the Green New Deal activists think they should be driving.
The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective
WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed’s
Powell likely to signal that lower inflation is needed before Fed would cut rates
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall
After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year