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U.S. Economy Grew Faster Than Expected in Second Quarter, at 2.8% Rate
Posted inConsumer Behavior Federal Reserve System Gross Domestic Product Inflation (Economics) Interest Rates Labor and Jobs Production United States Economy

U.S. Economy Grew Faster Than Expected in Second Quarter, at 2.8% Rate

The report on gross domestic product offered new evidence of the economy’s resilience in the face of high interest rates.
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Posted by By Ben Casselman
Stock Market Rotation Leads to Small Cap Rally
Posted inComputers and the Internet Federal Reserve System Interest Rates Russell 2,000 Stock Index Standard & Poor's 500-Stock Index Stocks and Bonds United States Economy

Stock Market Rotation Leads to Small Cap Rally

Shifting views on the economy have led to a “rotation” in the stock market. Small stocks and companies geared toward the economic cycle are rising. Big Tech is lagging.
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Posted by By Joe Rennison
The Fed Under Trump 2.0
Posted inFederal Reserve System Inflation (Economics) Interest Rates internal-storyline-no Powell, Jerome H Trump, Donald J US Dollar (Currency) Vance, J D

The Fed Under Trump 2.0

Donald Trump says he will not fire Jay Powell as chairman of the central bank if he is re-elected president, after threatening to do so. But whether the president even has the authority is open to question.
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Posted by By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler
Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing
Posted inBanking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H United States Economy

Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing

Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering why officials would wait.
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Posted by By Jeanna Smialek

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