SUMMERS: Fed's next rate move COULD BE A HIKE! (Second column, 6th story, link) Related stories:Consumer prices rise 3.5%Long-predicted storm clouds in economy may be formingCredit-Card Delinquency Rates Worst on RecordPrice of Chocolate Boxes Going Up as Cocoa Prices Soar
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.
The higher than expected March CPI released on Wednesday freaked everyone out and got the markets convinced we will see fewer, if any, interest rate cuts this year. I have never been a Fed tea leaf reader, and am not about to change professions now, but it will be bad news if the Fed puts More
Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
The rider who luckily survived caught video of the Jaguar proving to be too much car for its driver
Even after a 3-2 shootout loss to the rival New York Rangers at Madison Square Garden on Saturday, the New York Islanders remain in control of their playoff fate in the Eastern Conference headed into the final week of the regular season.
Americans Now Worry About Out-Of-Control Power Bill Inflation Tens of millions of Americans are having trouble paying their power bills as residential electricity inflation continues to run rampant. The latest data from the US Bureau of Labor Statistics (February's print) shows that three out of every four major cities in the US had power prices rise for residential customers. "Food has been a worry, but now electricity is the worry," 75yo Alfredo De Avila told Bloomberg, adding,...
Michael RaineyApril 10, 2024A leading measure of inflation was higher than expected in March, as the consumer price index rose by 3.5% on a
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
Powell said that while inflation continues to make its way lower, the