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.
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.
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 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.
Every voter in England and Wales will be able to cast a ballot in at least one type of election. Here's when you can expect to hear the results.
Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.
Americans are both susceptible to and suspicious of artificial intelligence.
People Who Rent Will Decide the 2024 Presidential Election By Mish Shdlock of MishTalk Immigration won’t decide the election. Polls have not yet captured what will. This may come as a surprise, but the top issue housing. More explicitly, it’s shelter costs. The Economy The economy is a very broad category that encompasses inflation, jobs, unemployment, wages, rent, and housing. Other polls split the economy in various pieces, such as inflation and jobs. Not a single poll...
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
In the analog days of the 1970s, long before hackers, trolls and edgelords, an audiocassette company came up with an advertising slogan that posed a trick question: “Is it live or is it Memorex?” The message toyed with reality, suggesting there was no difference in sound quality between a live performance and music recorded on tape. Fast forward to our age of metaverse lies and deceptions, and one might ask similar questions about what’s real and what’s not: Is President Biden on a robocall...
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.
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.