Fed’s Favorite Inflation Gauge Shows Prices Rose at 3.2 Percent Annual Rate in November, Less than Expected
The U.S. core personal consumption expenditures price index, PCE, rose just 0.1% in November and was up 3.2% from a year ago, both close to expectations.
U.S. Debt in Danger of Downgrade by Moody’s as Shutdown Looms
Moody’s Investors Service on Friday put the U.S. government’s pristine credit rating on a negative outlook, raising the possibility of another downgrade of American debt.
The Federal Reserve May Not Hike Interest Rates This Week, but Consumers Unlikely to Feel Any Relief
The U.S. Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting next week, even though the central bank's preferred inflation indicator remains well above the 2% target rate.
Surging Rents Lift U.S. Consumer Prices; Underlying Inflation Grinding Lower
U.S. consumer prices increased in September amid a surprise surge in rental costs
U.S. Bond Market is Sending Recession Warning, and Friday’s Jobs Report Could Hold the Next Clue
Falling U.S. bond prices are sending a signal that a recession could finally be around the corner as they push Treasury yields to their highest levels in 16 years, said DoubleLine Capital founder Jeff Gundlach.
U.S. Government Shutdown Would Halt IPOs and Market Surveillance, SEC’s Gensler Warns
The U.S. government will shut down this weekend absent a last-minute funding deal from Congress, and that could lead to significant disruptions for stock and bond markets, according to the nation’s top securities regulator.
What a Fed Rate-Hike Pause Would Mean for Bank Accounts and Loans
The Federal Reserve decided to keep interest rates the same for just the second time since beginning its current hiking cycle aimed at curbing inflation last year
‘Treacherous’ Descent: Fed Debates How Far to Push Rate Hikes
Even though the outlook is brighter than expected, Fed officials meeting at the annual Jackson Hole conference aren’t ready to conclude that prices will continue to cool.
Private Sector Added 324,000 Jobs in July, Well Above Expectations, ADP Says
Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality jobs, payroll processing firm ADP reported on Wednesday, August 2.
Morgan Stanley Raises Economic Growth Forecast, Citing Biden Infrastructure ‘Boom’
Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to reports.
Will Cooling Inflation Help Sell Bidenomics?
U.S. annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics.
U.S. Inflation Unlikely to Fall to the Fed's 2% Target until at Least 2025, According to Jerome Powell
The Fed chairman's remarks on Friday suggested the central bank's fight against inflation is far from over – raising the possibility that policymakers will keep raising interest rates until price pressures cool further.
Federal Reserve Holds Interest Rates Steady, Forecasts Two More Rate Hikes This Year
The Federal Reserve held interest rates steady on Wednesday, June 14, but FOMC officials signaled they are prepared to raise rates again this year in due course to keep the fight against stubborn inflation.
U.S. Jobless Claims Tick Up, Still Show Strong Labor Demand, but Mostly for Low Skill Labor
Applications for U.S. unemployment benefits rose slightly last week to a level that’s still consistent with resilient demand for labor.