Price pressures aren’t easing fast enough to guarantee the interest-rate cuts the president hoped to see by November, so his message is evolving.
Category: United States Economy
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Gold Bar Sales Are Surging at Costco. Why?
Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. The bars sell out quickly, and customers are trading advice online about how to get them.
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The Odds for a Summertime Fed Rate Cut Are Dwindling
Hotter-than-expected inflation has upended bets on when the Fed will start lowering interest rates, and could complicate President Biden’s re-election bid.
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Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.
Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.
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Is the Boom-and-Bust Business Cycle Dead?
There is a growing view that the U.S. business cycle has changed (for better) in a more diversified economy. To some, that sounds like tempting fate.
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Inflation Was Quicker Than Expected in March, Unwelcome News for the Fed
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.
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Housing Costs Continued to Rise Faster than Before the Pandemic
It will be difficult for the Federal Reserve to rein in inflation fully if shelter costs continue to run hot.
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Markets Slide After Unexpectedly Strong Inflation Report
Stocks fell and bond yields jumped as investors reassessed when the Federal Reserve may begin cutting interest rates.
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Wall Street’s Big Rethink on Interest Rate Cuts
Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.
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Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.
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JPMorgan Chase’s Jamie Dimon Issues an Economic Warning
The JPMorgan Chase chief executive used his annual letter to shareholders to flag that higher-for-longer inflation, uncertain growth prospects and widening political divisions.
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Yellen Sees ‘More Work to Do’ as China Talks End With No Breakthrough
Treasury Secretary Janet L. Yellen was warmly received in China, but it was evident that the level of trust between the two sides does not run deep.