Profile picture of The Washington Post
High interest rates, rising inflation: The economy still isn’t normal: The improbable picture seems to guarantee that the Federal Reserve won’t be ready to lower ...
washingtonpost.com/business/2024/04/11/fed-inflation-economy-rates/
High interest rates, rising inflation: The economy still isn’t normal
Profile picture of The Hill (newspaper)
How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...
thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/
How immigration is helping the economy defy expectations
Profile picture of The Washington Post
Rent is driving inflation. But there’s something off in the data.: There’s a growing disconnect between what shows up in official reports and what’s happening on ...
washingtonpost.com/business/2024/03/03/rent-cpi-housing-fed/
Rent is driving inflation. But there’s something off in the data.
Profile picture of The Washington Post
As Hershey battles cocoa costs, chocolate lovers may help cool inflation: The company’s response to the historically high cost of cocoa, the main ingredient in ...
washingtonpost.com/business/2024/03/12/inflation-chocolate-prices-grocery-cost/
As Hershey battles cocoa costs, chocolate lovers may help cool inflation
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U.S. inflation sees slight decline but remains above Fed target: The costs of physical goods, including clothing, used cars and prescription drugs ...
pbs.org/newshour/economy/u-s-inflation-sees-slight-decline-but-remains-above-fed-target
U.S. inflation sees slight decline but remains above Fed target
Profile picture of Reuters
US economic expansion likely hinges on a nimble Fed this time: It took a stock market crash, a housing crash and a pandemic to kill the last three U.S ...
reuters.com/markets/rates-bonds/us-economic-expansion-likely-hinges-nimble-fed-this-time-2024-01-29/
US economic expansion likely hinges on a nimble Fed this time
Profile picture of Fast Company
What’s to blame for high home prices? Fed Chair Powell says ‘there hasn’t been enough housing built’
fastcompany.com/91021584/housing-market-home-prices-fed-chair-powell
What’s to blame for high home prices? Fed Chair Powell says ‘there hasn’t ...
Profile picture of Los Angeles Times
Inflation isn't really the problem. Housing is: The Federal Reserve is keeping interest rates high to tame price growth. But it's a shortage of homes in ...
latimes.com/opinion/story/2024-03-08/inflation-housing-shortage-economy-cpi-fed-interest-rate
Inflation isn't really the problem. Housing is
Quick Glance: Housing Market: Powell Warns of Persistent Shortage
  • Speaking before the Senate Banking Committee, Federal Reserve Chair Jerome Powell stated that the U.S. housing market is undersupplied and will continue to be so in the years to come.

  • Powell emphasized that the housing shortage is due to structural issues such as zoning difficulties and challenges in obtaining labor and materials for builders.

  • He further explained that even as mortgage rates normalize, there will still be a nationwide housing shortage as many individuals are not moving due to low mortgage rates, resulting in a limited supply of available homes.

  • Powell also addressed the challenges in the commercial real estate sector, specifically in the office segment, and how this could impact banks. He highlighted the likelihood of more bank failures in the coming years, particularly among small and medium-sized banks grappling with issues in the commercial real estate sector.
Profile picture of CNBC
The Fed isn't confident it's done enough to curb inflation—here's what could happen next
cnbc.com/2023/11/09/jerome-powell-fed-isnt-confident-its-done-enough-to-curb-inflation.html
The Fed isn't confident it's done enough to curb inflation—here's what ...
Quick Glance: Powell's Pushback Impacts Market Reaction
  • Federal Reserve Chairman Jerome Powell holds a press conference in Washington

  • Market reacts to Powell's resistance against early rate cuts

  • Minimal change in market pricing after Powell's precautionary measure

  • 30-year auction closes with higher yield than expected, signaling investor concerns
Profile picture of The Hill (newspaper)
Fed’s ‘Doomsday Book’ shows Congress has given it too much leeway: What this internal ‘Doomsday Book’ reveals is the Fed’s institutional hubris and its ...
thehill.com/opinion/finance/4379049-feds-doomsday-book-shows-why-congress-needs-to-make-monetary-policy/
Fed’s ‘Doomsday Book’ shows Congress has given it too much leeway
Profile picture of The Hill (newspaper)
Fed’s Powell warns market must be flexible with forecasts, ‘dynamic’ economy: Federal Reserve Chair Jerome Powell urged the central bank’s forecasters Wednesday ...
thehill.com/business/4299763-feds-powell-warns-market-must-be-flexible-with-forecasts-dynamic-economy/
Fed’s Powell warns market must be flexible with forecasts ...
Profile picture of Reuters
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it
reuters.com/markets/us/fed-chief-powell-has-warned-economic-pain-york-pa-he-heard-all-about-it-2023-10-02/
Fed chief Powell has warned of economic pain. In York, Pa. ...
Profile picture of HuffPost
Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
huffpost.com/entry/ap-us-federal-reserve-inflation-beaten_n_657e0abbe4b0e142c0bde3e1
Federal Reserve On Cusp Of What Some Thought Impossible: Defeating ...
Profile picture of Insider (news website)
How the Fed's war on inflation has frozen the housing market: The Federal Reserve aggressively hiked interest rates to lower inflation during the pandemic ...
businessinsider.com/how-do-interest-rate-hikes-impact-housing-market-rent-mortgages-2024-3
How the Fed's war on inflation has frozen the housing market
Profile picture of The Hill (newspaper)
Wall Street braces for commercial real estate timebomb: Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures related to ...
thehill.com/business/4526847-wall-street-braces-for-commercial-real-estate-timebomb/
Wall Street braces for commercial real estate timebomb
Profile picture of kuwaittimes
Central banks should not rush into rate cuts: IMF | kuwaittimes: Central banks should not rush into rate cuts: IMF - Business - WASHINGTON: The IMF sees a ...
kuwaittimes.com/article/10813/business/central-banks-should-not-rush-into-rate-cuts-imf/
Central banks should not rush into rate cuts: IMF | kuwaittimes
Profile picture of PBS
How the Federal Reserve uses higher interest rates to tame inflation: Interest rates are headed higher again, as the Federal Reserve resumes its fight with ...
pbs.org/newshour/show/how-the-federal-reserve-uses-higher-interest-rates-to-tame-inflation
How the Federal Reserve uses higher interest rates to tame inflation
Quick Glance: US Economy Stays Strong: GDP Grows by 2.4% in Q2
  • The Commerce Department announced that the gross domestic product, adjusted for inflation, increased by a 2.4 percent annual rate in the second quarter.

  • Business investment rebounded in Q2 following a slump in the previous quarter, and growth was also supported by increased spending from state and local governments.

  • According to Patrick Weiler, President and CEO, the company will initially utilize only a quarter of the available space.
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Jobs Report: We May Finally Be Witnessing a Normal Labor Market: More people are entering the workforce and participation rates are back to pre-pandemic levels.
bloomberg.com/opinion/articles/2023-09-01/jobs-report-we-may-finally-be-witnessing-a-normal-labor-market
Jobs Report: We May Finally Be Witnessing a Normal Labor Market
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Why inflation is losing its punch — and why things could get even better: Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't ...
npr.org/2023/07/12/1187230556/inflation-consumer-prices-interest-rates-federal-reserve-economy
Why inflation is losing its punch — and why things could get even better
Quick Glance: US Inflation Rises at Slowest Pace in Two Years
  • Inflation rose 3% in June compared to the previous year, according to data, down from 4% in May.

  • Inflation has significantly decreased from its peak of over 9% in June 2022, and the latest reading represents the slowest pace since March 2021.

  • The increase in US inflation in June was driven by higher housing costs, as reported by the Labor Department.

  • The figures highlight the relatively fast progress the US has made in controlling price increases, especially compared to the UK, where inflation reached 8.7% in May despite multiple interest rate hikes.
Profile picture of Project Syndicate
The Fed’s Remarkable Feat | by J. Bradford DeLong - Project Syndicate: J. Bradford DeLong argues that the US central bank has managed to humble hawkish and ...
project-syndicate.org/commentary/fed-monetary-policy-near-perfect-humbling-for-commentators-on-all-sides-by-j-bradford-delong-2023-12
The Fed’s Remarkable Feat | by J. Bradford DeLong - Project Syndicate
Profile picture of The Washington Post
Rental prices are finally starting to drop from pandemic highs: Rent is starting to drop. But housing costs are still by far the main factor driving inflation.
washingtonpost.com/business/2023/06/26/rent-prices-drop-2023-housing-market/
Rental prices are finally starting to drop from pandemic highs
Profile picture of The Detroit News
Workers are losing power in the job market. That’s good news for the Fed: Companies have become choosier with their hires and workers are turning more cautious ...
detroitnews.com/story/business/2023/06/26/workers-are-losing-power-in-the-job-market-thats-good-for-the-fed/70356626007/
Workers are losing power in the job market. That’s good news for the Fed
Profile picture of PBS
Powell says 'no decision' on the Federal Reserve's next move on interest rates
pbs.org/newshour/politics/powell-says-no-decision-on-the-federal-reserves-next-move-on-interest-rates
Powell says 'no decision' on the Federal Reserve's next ...
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Profile picture of The Washington Post
What the heck is going on in the U.S. economy?: The current U.S. economy is confusing and contradictory.
washingtonpost.com/opinions/2023/05/05/us-economy-confusing-indicators/
What the heck is going on in the U.S. economy?
Profile picture of The Washington Post
Inflation likely eased for seventh straight month in January: Still, the Federal Reserve has made clear that it has a long way to go before inflation is rooted ...
washingtonpost.com/business/2023/02/14/inflation-easing-cpi-january/
Inflation likely eased for seventh straight month in January
Quick Glance: Lael Brainard's departure from the White House leaves a significant void at the Federal Reserve.
  • Lael Brainard, the Federal Reserve's No. 2 official, is leaving for the White House, leaving a void at the central bank as it enters a new phase of its inflation fight.

  • Many people close to the Fed and the White House believe Brainard will eventually succeed Yellen at Treasury after the NEC.

  • It's unclear who the White House could quickly appoint to fill such a critical role at the Fed.

  • She's so central that it appears she'll leave a void."
Profile picture of PBS
Powell warns strong economy could lead to new interest rate hikes: The continued strength of the U.S. economy could require further interest rate increases ...
pbs.org/newshour/politics/powell-to-comment-on-economy-in-jackson-hole-as-new-interest-rate-hikes-feared
Powell warns strong economy could lead to new interest rate hikes
Profile picture of The Washington Post
Biden economy keeps defying predictions. Will it last?: The boom is confounding forecasts that the Fed’s anti-inflation push would bring a recession ...
washingtonpost.com/business/2023/02/06/biden-economy-inflation-jobs/
Biden economy keeps defying predictions. Will it last?
Quick Glance: Biden's approval rating rises as a result of investor support
  • According to the February IBD/TIPP Poll, President Joe Biden's support rating has risen to a five-month high, with Democrats appearing to unite around their leader as he prepares for battle with the GOP House.X

  • Biden's net job approval rose from -2 in January (44% approval, 46% disapproving) to -9 in December (40%-49%).

  • Biden's net approval rating of -28 points was the lowest since October.

  • In the recent IBD/TIPP Poll, net disapproval of Biden's economic policy fell to -9 points from -17.
Profile picture of The Washington Post
Economy adds 311,000 jobs in February, reflecting ongoing labor market strength: The job gains came in lower than January’s eye-popping numbers ...
washingtonpost.com/business/2023/03/10/february-jobs-report-labor/
Economy adds 311,000 jobs in February, reflecting ongoing labor market ...
Profile picture of The Boston Globe
Job openings fall to lowest level in 2 years as demand for workers cools: The Federal Reserve is seeking to cool hiring because if companies are less desperate ...
bostonglobe.com/2023/08/01/business/job-openings-fall-lowest-level-2-years-demand-workers-cools/
Job openings fall to lowest level in 2 years as demand for workers cools
Quick Glance: US job openings at two-year low; labor market remains tight
  • US job openings fell to the lowest level in more than two years in June, but remain at levels consistent with a tight labor market.

  • Low job openings could lead the Federal Reserve to maintain high interest rates for an extended period.

  • Job openings dropped 34,000 to 9.582 million in June, the lowest level since April 2021.

  • The quits rate, a measure of labor market confidence, fell from 2.6% in May to 2.4%.
Profile picture of USA Today
A look at economy's strengths, weaknesses as Biden sets to boast of record job growth in State of Union
usatoday.com/story/money/2023/02/07/biden-state-of-the-union-economy-strengths-weaknesses/11199176002/
A look at economy's strengths, weaknesses as Biden sets to boast of record ...
Profile picture of The New York Times
How the Fed Opened Pandora’s Box: Jerome H. Powell’s no-holds-barred response to the pandemic was made possible by history. It raises questions about the future.
nytimes.com/2023/02/25/business/economy/federal-reserve-powe.html
How the Fed Opened Pandora’s Box
Profile picture of Reuters
No labor cavalry coming to Fed's rescue, as data moves the other way: The movement of people into and out of the U.S. labor force, a complex flow typically ...
reuters.com/world/us/no-labor-cavalry-coming-feds-rescue-data-moves-other-way-2022-12-08/
No labor cavalry coming to Fed's rescue, as data moves the other way
Profile picture of USA Today
Federal Reserve raises interest rate by 0.50 percentage point to curb inflation and sees steeper hikes ahead
usatoday.com/story/money/economy/2022/12/14/fed-interest-rate-federal-reserve-meeting-live-updates/10867165002/
Federal Reserve raises interest rate by 0.50 percentage point to curb ...
Quick Glance: The Federal Reserve of the United States lifts the benchmark interest rate by half a percentage point to slightly under 4.5 percent.
  • At the same time, it stated that it will not relent in its fight against inflation.

  • The main interest rate could be above 5% for the entire year of 2023.

  • Second, even with a key rate of somewhat less than 4.5 percent, the cycle is unlikely to be over.

  • To go back to the two percent target, he said he would accept some "macroeconomic pain" - that is, a minor uptick in the extremely low unemployment rate.
Profile picture of Insider (news website)
Used-car prices are plummeting. That may drive June inflation below 3%: Wholesale used car prices fell 4.2% in June, marking the largest monthly drop since the ...
markets.businessinsider.com/news/stocks/used-car-prices-plunge-june-inflation-below-3-percent-fed-2023-7
Used-car prices are plummeting. That may drive June inflation below 3%
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It’s not the COVID economy — it’s just the economy now: The pandemic shocks have reshaped the very fabric of the economy.
axios.com/2023/02/03/covid-risks-economy-federal-reserve
It’s not the COVID economy — it’s just the economy now
Profile picture of The Wall Street Journal
How Long Should Powell Keep Raising Interest Rates? Fed Officials Are Divided: Cracks are beginning to emerge over how stubborn inflation has become and what to ...
wsj.com/articles/powell-federal-reserve-interest-rates-inflation-11670859520
How Long Should Powell Keep Raising Interest Rates? Fed Officials Are ...
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Morning Bid: Keeping counsel 'til CPI: A look at the day ahead in U.S. and global markets from Mike Dolan.
reuters.com/markets/us/global-markets-view-usa-2023-01-11/
Morning Bid: Keeping counsel 'til CPI
Profile picture of Axios (website)
What the migration rebound means for the labor market: There's a sharp rebound in the net number of people migrating to the United States.
axios.com/2023/01/13/migration-boom-labor-market
What the migration rebound means for the labor market
Profile picture of The Wall Street Journal
What Do Single People Want Now? Deeper Connections, More Substance: Singles are emerging from the pandemic more serious about finding a partner and less focused ...
wsj.com/articles/what-do-single-people-want-now-deeper-connections-more-substance-11668485686
What Do Single People Want Now? Deeper Connections, More Substance
Profile picture of The Washington Post
In praise of public officials who can admit when they got things wrong: Such a quality is exceptionally, distressingly rare.
washingtonpost.com/opinions/2022/12/01/powell-admits-wrong-interest-rates-federal-reserve/
In praise of public officials who can admit when they got things wrong
Profile picture of Common Dreams
Opinion | As Inflation Eases, It's Time for Fed to Pause on Rate Hikes: Amid so much uncertainty, the Federal Reserve should pause interest-rate hikes until a ...
commondreams.org/views/2022/09/12/inflation-eases-its-time-fed-pause-rate-hikes
Opinion | As Inflation Eases, It's Time for Fed to Pause on Rate Hikes
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Why the Fed plans to keep aggressively fighting inflation even if it leads to job loss
pbs.org/newshour/show/why-the-fed-plans-to-keep-aggressively-fighting-inflation-even-if-it-leads-to-job-loss
Why the Fed plans to keep aggressively fighting inflation even if it leads ...
Quick Glance: Stock Market News Today: Dow drops 1,000 points following Powell's speech
  • Powell stated that raising interest rates will "bring some pain to households and businesses," but that this is the price of fighting inflation.

  • "However, failure to restore price stability would result in far greater pain," he warned."Key message: expect more volatility and tougher market conditions for equities," he warned.

  • The SEC announced an agreement that will allow American auditors to examine Chinese companies, perhaps avoiding the delisting of hundreds of Chinese equities from US markets.
Profile picture of Vox
Inflation, jobs, and how to make sense of the post-pandemic economy: The housing market is a disaster. The job market’s still strong. Consumers hate inflation ...
vox.com/the-goods/2022/12/2/23486024/economy-inflation-jobs-report-gdp-stock-market-recession
Inflation, jobs, and how to make sense of the post-pandemic economy
Profile picture of The Washington Post
What’s next for the economy? 10 charts that show where things stand.: The big questions around the economy remain, and economists say we’re in for an even more ...
washingtonpost.com/business/2022/12/29/economy-2023-outlook-inflation-prices/
What’s next for the economy? 10 charts that show where things stand.
Profile picture of The Washington Post
Inflation likely fell again in August, but there’s a long way to go
washingtonpost.com/business/2022/09/13/inflation-cpi-august-fed/
Inflation likely fell again in August, but there’s a long way to go
Profile picture of The Seattle Times
US employers are hiring briskly even in face of rate hikes: Friday’s report showed that last month’s hiring remained near the robust pace it has maintained in ...
seattletimes.com/business/us-hiring-may-have-slowed-to-a-still-solid-pace-in-october/
US employers are hiring briskly even in face of rate hikes
Profile picture of ABC News
Powell: 'No guarantee' Fed can tame inflation, spare jobs: Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame ...
abcnews.go.com/Business/wireStory/powell-guarantee-fed-tame-inflation-spare-jobs-85936625
Powell: 'No guarantee' Fed can tame inflation, spare jobs
Profile picture of Reuters
Could Fed's 'softening' labor market forecast mean 4 million lost jobs?: In 2019, the U.S. unemployment rate averaged 3.7% and consumer prices rose at an annual ...
reuters.com/markets/us/could-feds-softening-labor-market-prediction-mean-4-million-lost-jobs-2022-08-29/
Could Fed's 'softening' labor market forecast mean 4 million lost jobs?
Profile picture of USA Today
Is the US housing market in a recession or a correction?: Home builders and realtors say the housing market is in a recession; Other experts say it's a ...
usatoday.com/story/money/2022/08/30/us-housing-market-recession-correction/7899154001/
Is the US housing market in a recession or a correction?
Profile picture of Reuters
Fed's united front on interest rates may soon be tested: Federal Reserve officials are likely to hit a key milestone this week with an interest rate hike that ...
reuters.com/markets/us/feds-united-front-interest-rates-may-soon-be-tested-2022-07-25/
Fed's united front on interest rates may soon be tested
Profile picture of Time
There Is a Painless Way to Fix Inflation: The Federal Reserve's moves to keep raising interest rates is going to lead to disaster. There is a better way.
time.com/6222613/painless-fix-high-inflation/
There Is a Painless Way to Fix Inflation
Profile picture of ABC News
The Fed says unemployment will rise. Here's who economists say would lose their jobs first.
abcnews.go.com/Business/fed-unemployment-rise-economists-lose-jobs/story
The Fed says unemployment will rise. Here's who economists say would lose ...
Profile picture of Fox Business
US job growth slows again in September with just 263,000 positions added: The Labor Department's September jobs report provided a key snapshot of the labor ...
foxbusiness.com/economy/us-job-growth-slows-again-september-positions-added
US job growth slows again in September with just 263,000 positions added
Profile picture of Forbes
Over Half A Million Jobs Were Created Last Month. Here’s The Catch: It looks like the U.S. is heading into a different type of job market. More Americans are ...
forbes.com/sites/jackkelly/2022/08/09/over-half-a-million-jobs-were-created-last-month-heres-the-catch/
Over Half A Million Jobs Were Created Last Month. Here’s The Catch
Profile picture of The Boston Globe
US employers add a solid 372,000 jobs in sign of resilience: It's a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising ...
bostonglobe.com/2022/07/08/business/us-employers-add-solid-372000-jobs-sign-resilience/
US employers add a solid 372,000 jobs in sign of resilience
Profile picture of Axios (website)
Fed chair Powell on the U.S. labor shortage: COVID, retirements, missing immigrants
axios.com/2022/12/16/the-missing-workers-who-are-never-coming-back
Fed chair Powell on the U.S. labor shortage: COVID, retirements ...
Profile picture of Fortune (magazine)
Aging boomers are making it harder to tame inflation—and there are no quick solutions in sight
fortune.com/2022/11/30/aging-baby-boomer-workforce-worsening-inflation/
Aging boomers are making it harder to tame inflation—and there are no ...
Profile picture of The Hill (newspaper)
Biden and Powell are getting a bum rap on inflation: The blame game is no substitute for serious consideration of a serious problem.
thehill.com/opinion/finance/3544353-biden-and-powell-are-getting-a-bum-rap-on-inflation/
Biden and Powell are getting a bum rap on inflation
Profile picture of The New Zealand Herald
Liam Dann: Brace yourself for an action-packed inflation reveal this month: Has inflation peaked? If it hasn't we're in trouble. All will be revealed ...
nzherald.co.nz/business/liam-dann-brace-yourself-for-an-action-packed-inflation-reveal-this-month/PRG5PQFL7OI2TWSH2YQXCRP5SA/
Liam Dann: Brace yourself for an action-packed inflation reveal this month