This week in Bidenomics: Inflation staycation
Everybody wants inflation to get lost. For a while, it looked hopeful. But we can’t quite slam the door on the bugger. April 26 brought the latest of several signs that inflation is reasserting itself. Personal Consumption Expenditures, an inflationary…
This week in Bidenomics: Inflation staycation
Everybody wants inflation to get lost. For a while, it looked hopeful. But we can’t quite slam the door on the bugger. April 26 brought the latest of several signs that inflation is reasserting itself. Personal Consumption Expenditures, an inflationary…
Charting the Global Economy: BOJ Holds; US Inflation Won’t Let Up
(Bloomberg) — The Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down. Most Read from Bloomberg The Japanese yen slumped as BOJ Governor Kazuo Ueda…
The Fed Has Enough Pressure with Inflation Still High. Politicians Don’t Help.
As much as the Federal Reserve would prefer to avoid it, it appears that the U.S. central bank will be drawn into one of the most divided election campaigns in U.S. history. Two news stories appeared on Friday in separate…
With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario ‘nobody is really prepared for,’ UBS exec says
The U.S. economy might be out of the frying pan and into the fire. After months—even years—of planning for a recession, the country may find itself facing a different sort of calamity: stagflation. A new report released yesterday by the…
JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press…
Inflation data could force Fed’s hand on rate hikes: Economist
March’s Personal Consumption Expenditures (PCE) data arrived hotter than expected and GDP figures point to an economic slowdown. In this environment, economists and investors alike are revisiting the Federal Reserve’s rate cut outlook. Stifel Financial Chief Economist Lindsey Piegza joins…
Key Federal Reserve Inflation Rate Averts Worst Fears
The primary Federal Reserve inflation gauge came in too hot for near-term rate cuts in March, but not as bad as feared. The S&P 500 opened solidly higher, largely holding onto gains after an overnight rally on earnings news from Google…
The Fed’s Key Inflation Rate Sizzles As GDP Slows
The Federal Reserve’s key inflation rate reared up in the first quarter, as U.S. GDP growth slowed more than expected, the Commerce Department reported Thursday. After the data, which supports a slower road to Fed rate cuts, the S&P 500…
US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
The US economy grew at its slowest pace in two years in the first quarter, while prices rose at a faster rate — sending the markets into a tailspin Thursday and clouding President Joe Biden’s sunny outlook for American households…