central banking system of the United States
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
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.
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
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/
The Federal Reserve cleans up its money-printing mess : It wants to avoid upsetting markets, and is so far succeeding
economist.com/finance-and-economics/2024/04/04/the-federal-reserve-cleans-up-its-money-printing-mess
Richest 0.1% of Americans Saw Their Share of US Wealth Increase Since 2019: Virtually all Americans have gotten wealthier since the pandemic. But as the overall ...
bloomberg.com/news/articles/2024-03-26/americans-in-top-10-but-not-top-0-1-see-wealth-share-shrink
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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
Interest Rate Cuts: Inflation Scare Fades as SNB Leads Way for Fed, ECB, BOE: From Zurich to London to Washington, the great inflation scare that gripped the ...
bloomberg.com/news/articles/2024-03-21/rate-cuts-latest-inflation-scare-fades-as-snb-leads-way-for-fed-ecb-boe
Paid articlePaid 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
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.
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
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Amid forecast shift, Fed's Powell flags uncertainty over longer-run outlook: Federal Reserve officials on Wednesday nudged up the level estimated for their ...
reuters.com/markets/us/amid-forecast-shift-feds-powell-flags-uncertainty-over-longer-run-outlook-2024-03-20/
Rates in 2024: Markets React as Powell's Fed Stays Course: The Fed chief has been reluctant to make a call on how the US economy has changed since the ...
bloomberg.com/news/articles/2024-03-17/rates-in-2024-markets-react-as-powell-s-fed-stays-course
Paid articlePaid Fed Reluctant to Say How the US Economy Has Changed: Big Take
bloomberg.com/news/newsletters/2024-03-18/fed-reluctant-to-say-how-the-us-economy-has-changed-big-take
This JPMorgan pro says Fed has it backward — inflation needs rates to come down: Critical information for the U.S. trading day
marketwatch.com/story/this-jpmorgan-pro-says-the-fed-has-it-backward-rates-need-to-be-cut-to-lower-inflation-c1ea6c28
Inflation Day: The Bloomberg Open, Europe Edition: Good morning. Inflation data today may support the Fed’s patient approach to rate cuts ...
bloomberg.com/news/newsletters/2024-03-12/inflation-day-the-bloomberg-open-europe-edition
Paid articlePaid Fed's new neutral may be one FOMC takeaway: Mike Dolan: Next week's Federal Reserve meeting has lost the heat it once had as a likely moment for the central ...
reuters.com/markets/feds-new-neutral-may-be-one-fomc-takeaway-mike-dolan-2024-03-15/
US wholesale prices picked up in February in sign that inflation pressures remain elevated
apnews.com/article/inflation-wholesale-prices-consumer-federal-reserve-rates-b0456bd9bdc0cfdb5945f443ff75d865
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
Two Senators Criticize Fed Watchdog Over Internal Trading Report: Two US senators criticized the Federal Reserve’s internal watchdog for his investigation into ...
bloomberg.com/news/articles/2024-03-06/two-senators-criticize-fed-watchdog-over-internal-trading-report
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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/
Fed's Williams: Neutral rate is likely still low: Federal Reserve Bank of New York President John Williams said Friday that he suspects the "neutral" state of ...
reuters.com/markets/us/feds-williams-neutral-rate-is-likely-still-low-2024-03-08/
Inflation's Harsh Line Between the Latest S&P 500 Record and the Common Man: The inflation numbers were benign enough for the S&P 500 to set another ...
bloomberg.com/opinion/articles/2024-03-13/inflation-s-harsh-line-between-the-latest-s-p-500-record-and-the-common-man
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/
As Wall Street titans gather, finance museum searches for a home: Financial industry heavyweights convened in New York last week to raise funds for a finance ...
reuters.com/business/finance/wall-street-titans-gather-finance-museum-searches-home-2024-03-09/
Hot CPI Inflation Casts Doubt On Fed Rate-Cut Hopes: CPI inflation data showed that services inflation eased. The S&P 500 rose as Wall Street assessed the Fed ...
investors.com/news/economy/cpi-inflation-feb-fed-rate-cut-sp-500/
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/
Fed’s ‘Golden Path’ to Soft Landing Aided by Productivity Boom: Wall Street economists are looking for the post-Covid boom in productivity to continue ...
bloomberg.com/news/articles/2024-02-20/fed-s-golden-path-to-soft-landing-aided-by-productivity-boom
Paid articlePaid
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
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.
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
Why We Think 5 Interest-Rate Cuts Are Coming in 2024: With expected improvement in inflation, Morningstar expects more rate cuts than the Fed’s own forecast.
morningstar.com/economy/why-we-think-5-interest-rate-cuts-are-coming-2024
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
Paid articlePaid 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/
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: The average credit score fell for the first time in over a decade in October ...
money.com/average-credit-score-drops-fico/
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/
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/
Interest-Rate Cuts Are 'Likely Later This Year,' Fed's Williams Says
bloomberg.com/news/articles/2024-02-23/fed-s-williams-says-rate-cuts-likely-later-this-year
Paid articlePaid Joe Biden's pre-election spending created 'economy on speed': economist: Peter Morici said plenty of jobs have been created in healthcare, government ...
businessinsider.com/biden-government-morici-unemployment-national-debt-jobs-fiscal-stimulus-spending-2024-3
Paid articlePaid Fed’s Goolsbee Says Inflation Can Be a Bit Higher, Still on Path to 2%: Federal Reserve Bank of Chicago President Austan Goolsbee said slightly higher inflation ...
trib.al/JBd5pE5
The Great Resignation Is Now the Big Stay: US workers are changing jobs less frequently, easing pressure on the hot labor market and giving the Fed scope to ...
bloomberg.com/opinion/articles/2024-03-07/the-great-resignation-is-now-the-big-stay
Paid articlePaid Supply Chain Template: What Caused the US Inflation Shock: The steep climb in US import costs during the pandemic’s first two years and more was driven by a ...
bloomberg.com/news/newsletters/2024-03-05/supply-chain-template-what-caused-the-us-inflation-shock
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/
Fed Has Room to Wait on Rate Cuts, Neel Kashkari Says: Federal Reserve Bank of Minneapolis President Neel Kashkari said policymakers have time to gauge incoming ...
bloomberg.com/news/articles/2024-02-05/kashkari-says-higher-neutral-rate-gives-fed-room-to-wait-on-cuts
Paid articlePaid Two Fed Officials Say Policy Guidance During Pandemic Lacked Flexibility: Federal Reserve Governor Christopher Waller and senior Fed policy adviser Jane Ihrig ...
bloomberg.com/news/articles/2024-02-14/two-fed-officials-say-2020-policy-guidance-lacked-flexibility
Paid articlePaid Credit Card, Auto Loan Delinquency Rates Rise in NY Fed Report
bloomberg.com/news/articles/2024-02-06/credit-card-auto-loan-delinquency-rates-rise-in-ny-fed-report
Paid articlePaid
US President Joe Biden calls on snack companies to stop shrinkflation. What is it?
wionews.com/business-economy/us-president-joe-biden-calls-on-snack-companies-to-stop-shrinkflation-what-is-it-689306
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
Why Wait on Rate Cuts? Post-Covid Economic Changes Warrant Caution, Barkin Says.
barrons.com/articles/fed-rate-cuts-barkin-244f2243
Paid articlePaid Federal Reserve on track to cut rates this year, Powell says: Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on ...
apnews.com/article/federal-reserve-powell-inflation-prices-rates-cuts-e2d17c4ef6502e95d52f78759fa512b4
Quick Glance: Federal Reserve Plans Interest Rate Cuts Amid Lower Inflation and Strong Economy
- Federal Reserve plans to cut interest rates three times this year, starting as early as May
- Chair Jerome Powell emphasizes strong job market and economy, with no signs of a recession
- Nearly all 19 members of the Fed's policy-setting committee agree on rate cuts due to cooling inflation
- Powell admits the Fed misjudged the duration of inflation and moved too slowly to respond
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
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.
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
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.
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
Fed's Powell Says A Lot Of The Growth Is From Labor Market And Supply Chain Healing- A Lot Of The Economic Growth We Are Seeing Is Due To Post-Pandemic Healing
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
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/
Plummeting Inflation Raises New Risk for Fed: Rising Real Interest Rates: If inflation has sustainably returned to the Fed’s 2% target, then nominal rates ...
wsj.com/economy/central-banking/plummeting-inflation-raises-new-risk-for-fed-rising-real-interest-rates-fd2a4f37
Quick Glance: Inflation Slows, Economy in Focus
- Prices rose just 0.2% in December, in line with pre-pandemic levels and barely above the Fed’s 2% target.
- Core prices rose just 0.2% in December from the previous month and 2.9% from a year earlier - the smallest increase since March 2021.
- Data suggests the economy is achieving a 'soft landing,' with inflation returning to the Fed’s target without a recession.
- Over the past six months, prices are up just 1.9%, actually below the Fed’s 2% target.
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
Paid articlePaid Dallas Fed Business Activity Slides, Reflecting Texas Factories’ Slump: A gauge of Texas factory activity slumped at the start of the year to its second-lowest ...
bloomberg.com/news/articles/2024-01-29/slump-at-texas-factories-mirrors-weakness-in-other-fed-surveys
Paid articlePaid Markets Don’t Know What to Expect Anymore, and That’s Good: A greater diversity of economic forecasts can lead to a richer discussion and help expose previously ...
bloomberg.com/opinion/articles/2024-02-02/markets-don-t-know-what-to-expect-anymore-and-that-s-good
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/
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
Paid articlePaid Fed Policy: The End of Quantitative Tightening Needs to Be Soon: The stakes are high for central bankers to prove they know how to control and retire their ...
bloomberg.com/opinion/articles/2024-01-25/fed-policy-the-end-of-quantitative-tightening-needs-to-be-soon
Paid articlePaid Why Buying a Car Is More Expensive Than Ever in the US: The cost of car ownership in the US surged after Covid shut down assembly lines and made vital ...
bloomberg.com/news/articles/2024-01-12/why-buying-a-car-is-more-expensive-than-ever-in-the-us
Paid articlePaid
The risk of premature central bank celebrations on inflation: Fed should look through any temporary weakness in price growth arising as supply chain distortions ...
ft.com/content/509fee87-3c4b-46c1-9765-c0e0a5e2b0da
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
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.
Fed Publishes 2018 Policy Meeting Transcripts: The Federal Reserve released transcripts Friday of policy meetings during 2018.
bloomberg.com/news/articles/2024-01-12/fed-publishes-transcripts-for-2018-a-year-of-political-pressure
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/
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/
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/
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/
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.
How Do Retired Middle Class Americans Feel About Home Payments, Income?: Do you consider yourself a middle class American approaching retirement? Tell us.
bloomberg.com/news/articles/2024-01-03/how-do-retired-middle-class-americans-feel-about-home-payments-income
Paid articlePaid 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 ...
reut.rs/3TNwDnf
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/
Israel Could Deviate From Fed Path With Rate Cut to Start Year: Israel will probably kick off the year with its first interest-rate cut since the global pandemic ...
bloomberg.com/news/articles/2024-01-01/israel-could-deviate-from-fed-path-with-rate-cut-to-start-year
US Dollar, Battered by Rate Cut Bets, Set for Worst Year Since 2020: The dollar is poised for its worst year since the onset of the pandemic as Wall Street bets ...
bloomberg.com/news/articles/2023-12-28/dollar-battered-by-rate-cut-bets-set-for-worst-year-since-2020
Will America manage a soft landing in 2024?: Policymakers rarely bring down inflation without a recession. This time they might
economist.com/finance-and-economics/2023/12/29/will-america-manage-a-soft-landing-in-2024
For investors, 2024 is year of transition to a new economic order: Investors appear convinced that major Western central banks are close to a much awaited pivot ...
reuters.com/markets/investors-2024-is-year-transition-new-economic-order-2024-01-02/
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
2024 Investment Outlook: Is There a Comeback in Sight for Bonds?: Portfolio managers give insights on what to expect from your investments in the new year.
money.usnews.com/investing/articles/2024-investment-outlook
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
Fall in inflation is thanks to the Fed and ECB, says economist: Economists are debating what role the sharp interest rate hikes play in the decline in inflation ...
businessinsider.de/wirtschaft/inflation-rueckgang-liegt-an-zinserhoehungen-von-fed-und-ezb-nicht-an-besseren-lieferketten-laut-us-oekonom/
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