By Eugene Mymrin/Getty Images Following three months of hotter-than-expected inflation reports, no one imagined the Federal Reserve would start cutting rates at its policy meeting earlier this month. The Fed is holding the federal funds rate high, at a target range of 5.25% to 5.50%, until the economy shows more definitive signs of slowing. But…
By Despite the Fed reiterating its “higher for longer” mantra and softness creeping into the U.S. macroeconomic data, equity markets shook off the April jitters. Nasdaq turned in a +1.1% gain on the week (ending May 10th), with the S&P 500 (+1.85%) and DJIA (+2.16%) showing even higher gains.Rent Inflation: Survey vs Rent RollUniversal Value…
By As the November election draws nearer, U.S. Treasury Secretary Janet Yellen has been making the case for the Biden economy. Over the weekend, Yellen spoke at the East Valley American Jobs Center in Mesa, Arizona, where she touted the over $1 trillion in spending that Congress authorized with the CHIPS and Science Act, Bipartisan…
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By The 2024 election will be here before you know it, and economists are watching it closely.If Donald Trump wins a second term, some experts believe it could affect the trajectory of inflation in the United States — that a second Trump term would mean higher tariffs, higher deficits and other policies that would increase…
By Make sure your savings earns a meaningful return in today’s inflationary environment. Getty Images Inflation has run hot thus far in 2024. Although January’s 3.1% inflation rate was lower than December’s 3.4% rate, it was higher than economists expected. And, in February and March, price growth started to speed up across the United States…
By (Bloomberg) — “Mixed” messages from key US economic data and the accompanying swings in stock markets mean investors should load up on defensive sectors such as consumer staples, according to Morgan Stanley strategists.Most Read from BloombergApril Inflation figures due next week will offer fresh insights about the US economy after employment data out Friday…
By Rising prices have made people grumpy. They have depressed consumer confidence, despite a growing economy and low unemployment.But exactly how inflation is hurting, helping and confusing people is hard to understand. Everyone knows that the cost of living has increased. Yet unless you’re constantly pulling out a calculator, you’re unlikely to know whether your…
By Rising prices have made people grumpy. They have depressed consumer confidence, despite a growing economy and low unemployment.But exactly how inflation is hurting, helping and confusing people is hard to understand. Everyone knows that the cost of living has increased. Yet unless you’re constantly pulling out a calculator, you’re unlikely to know whether your…
By I wrote last week about the central role that inflation will play in defining the outcome of the forthcoming US election.Issues Among Likely VotersData for Progress Since then, a number of people have pointed me towards a recent paper by Stefanie Stantcheva at Harvard who updates a classic 1997 work by the great Robert…