The recovery from the pandemic lockdowns has prompted economists to consider whether their playbook is outdated or just missing a page.
Category: Interest Rates
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A Hot CPI Report Forces a Rethink of Chances of a Soft Landing
Worries of higher-for-longer interest rates have grown since Tuesday’s Consumer Price Index report.
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Stocks Sink as Stubborn Inflation Resets Fed Rate Forecasts
A hotter-than-expected inflation report led investors to push out their expectations for Federal Reserve rate cuts until later in the year.
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‘Zombie Offices’ Spell Trouble for Some Banks
Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.
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Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates
Federal Reserve officials are debating when to lower rates. An interview with Jerome H. Powell confirms a move is coming, but not immediately.
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Turkey’s Central Bank Chief Steps Down Amid Long Inflation Battle
The government swiftly replaced her and said the change did not reflect a policy shift for the country, where annual inflation is about 65 percent.
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Job Market Starts 2024 With a Bang
U.S. employers added 353,000 jobs in January, far exceeding forecasts, and revised figures showed last year was even stronger than previously reported.
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Blockbuster Jobs Report Backs Up Fed’s Patience as It Waits to Cut Rates
Given continued strength of the economy, the Federal Reserve is unlikely to feel pressure to cut interest rates at its next meeting in March.
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Economists Expected a Hiring Slowdown. So Much for That.
Jobs and wage gains remain robust despite the Federal Reserve’s campaign to cool the economy, surprising policymakers and economic forecasters.
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The Squeeze on British Businesses Is Not Letting Up Soon
Company insolvencies hit a three-decade high, with businesses under pressure from high debts, prices and interest rates. The Bank of England held rates steady on Thursday.
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The Markets Want Rate Cuts but The Fed Is Taking Its Time
Vague comments about possible future rate cuts were all that central bankers gave the markets. Patience will be difficult at this tricky moment, our columnist says.
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Interest Rate Cuts Could Be a Boon to Biden
The Federal Reserve is independent of the White House, but lower rates could improve the president’s standing among voters.