Profile picture of Bloomberg
Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain: Bank Indonesia defied expectations and raised its benchmark interest rate to a record high to help ...
bloomberg.com/news/articles/2024-04-24/indonesia-raises-key-rate-to-lift-rupiah-from-pandemic-era-lows
Bank Indonesia Surprises With Rate Hike, Expects Rupiah Gain
Profile picture of Fox Business
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Mortgage demand falls again as interest rates soar past 7%
Profile picture of Bloomberg
USD: Rush for Dollars Could Match Moves Seen in 2020, Mizuho Says: The swaps market is flashing warnings there could be a dash for dollar liquidity on a scale ...
bloomberg.com/news/articles/2024-04-24/mizuho-trader-says-cheap-dollar-funding-masks-liquidity-risks
USD: Rush for Dollars Could Match Moves Seen in 2020, Mizuho Says
Profile picture of Insider (news website)
Fed rate cuts: Best-case scenario in tatters after hot March inflation: Not only are the number of rate cuts dwindling among bank forecasts, but Larry Summers ...
markets.businessinsider.com/news/stocks/fed-rate-cuts-outlook-inflation-rate-cpi-stock-market-economy-2024-4
Fed rate cuts: Best-case scenario in tatters after hot March inflation
Profile picture of Insider (news website)
Stock market today: S&P 500 hits 4-day losing streak as tech drops: The S&P 500 notched its fourth-straight day of losses as Nvidia, Meta, and other tech names ...
markets.businessinsider.com/news/stocks/stock-market-today-sp500-tech-fed-rate-cuts-outlook-inflation-powell-2024-4
Stock market today: S&P 500 hits 4-day losing streak as tech drops
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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 Insider (news website)
Stock market today: S&P 500 notches record high as Fed affirms rate cuts: The S&P 500 surpassed 5,200 for the first time as the Fed affirmed three rate cuts are ...
markets.businessinsider.com/news/stocks/stock-market-today-fed-rate-cut-outlook-inflation-sp500-record-2024-3
Stock market today: S&P 500 notches record high as Fed affirms rate cuts
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
  • The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.

  • Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.

  • Cost of living is increasing while wage growth is outpacing inflation.

  • Housing costs are rising faster, putting pressure on renters and homeowners.
Profile picture of Axios (website)
Retirements spike again as stock market booms: More working stiffs are exiting the stage.
axios.com/2024/02/19/american-retirement-boom-high-stock-market-returns
Retirements spike again as stock market booms
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 Hill (newspaper)
Percentage of Americans expecting improved financial situation highest in almost 4 years: Survey
thehill.com/business/economy/4465785-americans-expecting-improved-financial-situation-highest-4-years/
Percentage of Americans expecting improved financial situation highest in ...
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
Profile picture of Fox Business
Selling your house? Here's the best time to do it: A new analysis published by Zillow found that American homeowners looking to sell should list their houses in ...
foxbusiness.com/economy/selling-your-house-here-best-time-do-it
Selling your house? Here's the best time to do it
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What the surprisingly strong jobs report means for inflation and interest rates: U.S. employers hired nearly twice as many workers as expected in January.
abcnews.go.com/Business/surprisingly-strong-jobs-report-means-inflation-interest-rates/story
What the surprisingly strong jobs report means for inflation and interest ...
Quick Glance: Labor Cost Data Signals Inflation Improvement
  • Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.

  • The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.

  • ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.

  • The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
Profile picture of PBS
Wholesale inflation in U.S. declined last month, signaling that price pressures are still easing
pbs.org/newshour/economy/wholesale-inflation-in-u-s-declined-last-month-signaling-that-price-pressures-are-still-easing
Wholesale inflation in U.S. declined last month, signaling that price ...
Quick Glance: Inflation and Your Money: What You Need to Know
  • Inflation continues to slow, straining US households since early 2021.

  • Estimate: Annual inflation rate to rise from 3.1% to 3.2% in December.

  • Consumer price index well above the Federal Reserve’s 2% goal.

  • Income and purchasing power have kept pace with inflation, according to Mark Zandi, chief economist of Moody’s Analytics.
Profile picture of Reuters
Why US housing inflation relief may be short-lived: U.S. Federal Reserve officials say they are confident housing inflation will finally cool in coming months ...
reuters.com/world/us/supply-still-matters-why-us-housing-inflation-relief-may-be-short-lived-2024-02-28/
Why US housing inflation relief may be short-lived
Profile picture of Insider (news website)
Gen Z increasingly has no income, cannot retire or buy houses: A growing group of Gen Zers aren't working or going to school.
businessinsider.com/gen-z-increasingly-no-income-cannot-retire-or-buy-houses-2024-3
Gen Z increasingly has no income, cannot retire or buy houses
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January hiring gains surprisingly robust: The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest ...
pbs.org/newshour/economy/january-hiring-gains-surprisingly-robust
January hiring gains surprisingly robust
Quick Glance: Record Number of New Jobs in the US in January
  • New data from the Labor Department shows that the US economy added 353,000 jobs in January, with the unemployment rate at 3.7 percent.

  • The January jobs report far exceeded economists' expectations, who predicted a gain of 185,000 jobs and an unemployment rate of 3.8 percent.

  • "The labor market is the little engine that could, and it kept chugging away in January," said John Leer, chief economist at Morning Consult.

  • The surprisingly strong jobs report will exclude a rate cut in March and raises questions about how quickly the Fed will actually lower interest rates.
Profile picture of The Hill (newspaper)
Job openings stay close to lowest level since 2021: The number of open jobs in the economy stayed pretty flat in November, near a 2 1/2-year low reached in ...
thehill.com/business/4386911-job-openings-stay-close-to-lowest-level-since-2021/
Job openings stay close to lowest level since 2021
Quick Glance: US Job Market Bounces Back
  • Significance: The demand is sufficient to not stoke inflation but still robust for workers to find a job.

  • Latest News: In November, 8.8 million job postings were reported according to the latest Job Openings and Labor Turnover Survey.

  • Hiring: 5.5 million new hires - 363,000 fewer than in October.

  • Resignations: The number of resignations fell to 3.5 million, a decrease of 157,000 from the previous month.
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 The Washington Post
Federal Reserve’s interest rate hikes no match for the Rockettes: If the Fed’s interest rate increases had worked the way they usually did, Americans would have ...
washingtonpost.com/business/2024/02/13/federal-reserve-interest-rates-consumer-spending-inflation/
Federal Reserve’s interest rate hikes no match for the Rockettes
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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 t3n.de
Home office does not bring any increase in productivity: Analysts at the Federal Reserve Bank of San Francisco have analyzed the productivity of 43 U.S ...
t3n.de/news/homeoffice-produktivitaet-usa-studie-1602921/
Home office does not bring any increase in productivity
Profile picture of Fox Business
TIME TO PAY: Credit card delinquencies have been on the rise since the pandemic. Could student loan repayment be the problem? Read more: trib.al/HkEFzte
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 Project Syndicate
The Next Phase of Our Inflation Journey | by Michael Spence - Project Syndicate: Michael Spence sees flaws in projections that the US Federal Reserve will ...
project-syndicate.org/commentary/supply-side-constraints-mean-excessively-low-fed-real-interest-rates-would-unleash-inflation-by-michael-spence-2024-02
The Next Phase of Our Inflation Journey | by Michael Spence - Project ...
Profile picture of CNN.com
US consumer debt soared to new heights in the run-up to the holiday season: US consumers didn’t rein in their hearty spending patterns this past holiday season ...
cnn.com/2024/01/08/economy/inflation-expectations-december-2023/
US consumer debt soared to new heights in the run-up to the holiday season
Profile picture of The Seattle Times
Housing affordability near record low hits Black buyers hard: Black first-time homebuyers to the housing market face a particular disadvantage in this market: ...
bloomberg.com/news/articles/2024-01-29/housing-affordability-crisis-hits-us-black-buyers-particularly-hard
Housing affordability near record low hits Black buyers hard
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Credit card delinquencies surpass pre-pandemic levels: More Americans are buckling under the weight of mounting credit card debt.
cnn.com/2024/01/11/economy/credit-card-delinquencies/
Credit card delinquencies surpass pre-pandemic levels
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Holiday spending is up. Shoppers are confident, but not giddy: Consumer spending from Nov. 1 through Christmas Eve rose 3.1% year over year, new data show ...
npr.org/2023/12/27/1221721867/holiday-spending-is-up-shoppers-are-confident-but-not-giddy
Holiday spending is up. Shoppers are confident, but not giddy
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As pandemic 'jobs hole' closes, Fed finds labor market easing elusive: The U.S. economy ended last year with the labor scars from the COVID-19 pandemic ...
reuters.com/markets/us/pandemic-jobs-hole-closes-fed-finds-labor-market-easing-elusive-2024-01-08/
As pandemic 'jobs hole' closes, Fed finds labor market easing elusive
Profile picture of Handelsblatt
United States: US bankruptcies increase by 18 percent in 2023 - increase also expected in 2024
handelsblatt.com/politik/konjunktur/vereinigte-staaten-us-insolvenzen-legen-2023-um-18-prozent-zu-auch-2024-anstieg-erwartet/100004946.html
United States: US bankruptcies increase by 18 percent in 2023 - increase ...
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 Bloomberg
Bitcoin (BTC) Set for Winning Streak Last Seen Before Record High: Bitcoin is on course to advance for a fifth straight month in what would be the token’s ...
bloomberg.com/news/articles/2024-01-30/bitcoin-btc-set-for-winning-streak-last-seen-before-record-high
Bitcoin (BTC) Set for Winning Streak Last Seen Before Record High
Profile picture of Money
The Average Credit Score Just Dropped for the First Time Since 2009: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
The Average Credit Score Just Dropped for the First Time Since 2009
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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 Bloomberg
We’re Finally Shaking Off Those ‘Vibecession’ Feelings: We can wave goodbye to the gloom that weighed on consumer confidence even when the data pointed to ...
bloomberg.com/opinion/features/2023-12-27/we-re-finally-shaking-off-those-vibecession-feelings
We’re Finally Shaking Off Those ‘Vibecession’ Feelings
Profile picture of The Hill (newspaper)
An extended pause on Fed interest rate hikes is prudent for us all: With interest rates now positive in real terms, the impact of policy tightening on the ...
thehill.com/opinion/finance/4289967-an-extended-pause-on-fed-interest-rate-hikes-is-prudent-for-us-all/
An extended pause on Fed interest rate hikes is prudent for us all
Quick Glance: Fed rate hikes possibly concluded as labor market further cools
  • Slowing U.S. job growth and cooling wage pressures might provide Federal Reserve policymakers with renewed confidence that the U.S. economy is adapting to the impact of the coronavirus pandemic, allowing inflation to ease without requiring additional interest rate increases.

  • Bond yields declined, and traders of contracts linked to the Fed's policy rate now perceive only a 12% probability of a rate hike by January, down from 30% prior to the release of the employment report.

  • The reports on inflation in the upcoming months will be crucial, he stated.

  • Despite the relaxation of financial conditions, the Fed will depend on economic data to determine its course of action, "and the data indicate that we are finished with rate hikes."
Profile picture of Insider (news website)
Remote job changed my life: I get why Gen Z wants more: Gen Zers are pushing for a change to the typical office 9-to-5 because we got a taste of how it could be ...
businessinsider.com/remote-job-changed-gen-zers-life-work-from-home-2023-12
Remote job changed my life: I get why Gen Z wants more
Profile picture of Money
The Average Credit Score Just Dropped for the First Time Since 2009: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
The Average Credit Score Just Dropped for the First Time Since 2009
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U.S. labor market rebalances from pandemic-era extremes: Workers still feel somewhat confident about labor market prospects.
axios.com/2023/12/05/us-job-market-openings-labor-pandemic-covid
U.S. labor market rebalances from pandemic-era extremes
Profile picture of Bloomberg
We’re Finally Shaking Off Those ‘Vibecession’ Feelings: We can wave goodbye to the gloom that weighed on consumer confidence even when the data pointed to ...
bloomberg.com/opinion/features/2023-12-27/we-re-finally-shaking-off-those-vibecession-feelings
We’re Finally Shaking Off Those ‘Vibecession’ Feelings
Profile picture of CNN.com
A record number of $50 bills were printed last year. It’s not why you think: Unless you’re an avid currency collector, an employee of the Bureau of Engraving and ...
cnn.com/2023/11/18/economy/historic-number-of-50-bills-were-printed-last-year/
A record number of $50 bills were printed last year. It’s not why you ...
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 CNN.com
Most Americans think the economy should be in fairly good shape this time next year
cnn.com/2023/11/13/economy/fed-survey-consumer-expectations-october/
Most Americans think the economy should be in fairly good shape this time ...
Profile picture of Money
The Average Credit Score Just Dropped for the First Time Since 2009: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
The Average Credit Score Just Dropped for the First Time Since 2009
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 ...