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Economists Predicted a Recession. So Far They’ve Been Wrong.
Posted inConsumer Behavior Coronavirus (2019-nCoV) Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Prices (Fares, Fees and Rates) Recession and Depression Supply Chain United States Economy Wages and Salaries

Economists Predicted a Recession. So Far They’ve Been Wrong.

A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
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Posted by By Jeanna Smialek and Ben Casselman
PCE, a Key Inflation Measure, Cooled in December
Posted inFederal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

PCE, a Key Inflation Measure, Cooled in December

Inflation has been slowing swiftly, and fresh data showed that a core price gauge fell below 3 percent for the first time in years last month.
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Posted by By Jeanna Smialek
U.S. Economy Grew at 3.3% Rate in Latest Quarter
Posted inCommerce Department Consumer Behavior Credit and Debt Federal Reserve System Gross Domestic Product Income Inflation (Economics) Prices (Fares, Fees and Rates) Recession and Depression Stocks and Bonds United States Economy

U.S. Economy Grew at 3.3% Rate in Latest Quarter

The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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Posted by By Ben Casselman
When Will the European Central Bank Start Cutting Rates?
Posted inEconomic Conditions and Trends European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine

When Will the European Central Bank Start Cutting Rates?

Interest rate cuts could start as soon as April, investors say. But the eurozone’s central bank, which held rates steady on Thursday, has said it will probably wait longer.
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Posted by By Eshe Nelson

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