By After Federal Reserve chair Jerome Powell ended the week noting the central bank is “prepared to raise rates further,” the economic calendar will bring two of the Fed’s key data points into focus in the week ahead: A labor report and an updated look at inflation.The Personal Consumption Expenditures (PCE) index, the Fed’s preferred…
By More From ForbesAug 25, 2023,04:26am EDTWill The Judge Who Let Police Raid A Small Kansas Newspaper Be Held Accountable?”,”scope”:{“topStory”:{“index”:2,”title”:”Will The Judge Who Let Police Raid A Small Kansas Newspaper Be Held Accountable?”,”image”:”https://specials-images.forbesimg.com/imageserve/64e74562ac1966f8f2d8ae1f/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 24, 2023″,”hourMinute”:”08:17″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1692879422957},”uri”:”https://www.forbes.com/sites/instituteforjustice/2023/08/24/will-the-judge-who-let-police-raid-a-small-kansas-newspaper-be-held-accountable/”}},”id”:”6f8f47k228hc00″},{“textContent”:”Aug 24, 2023,06:00am EDTPrigozhin’s Death: Why Is Nobody Asking If The Ukrainians Did It?”,”scope”:{“topStory”:{“index”:4,”title”:”Prigozhin’s Death: Why Is Nobody Asking If The…
By Federal Reserve Chair Jerome Powell was nothing if not clear during his Friday speech from Jackson Hole, Wyoming: Getting inflation down is still the Fed’s first and overwhelming priority. And they’re not going to rest or stop considering more rate hikes if the data dictates. Oh, and by the way, Powell made clear yet again…
By Former Treasury chief Larry Summers got panned for posting a graph suggesting US inflation could be tracing the same path now as in the 1970s. Nobel laureate Paul Krugman said the chart was “problematic on many fronts”, adding the 1970s story was different. Market veteran Jim Bianco slammed the post as “chart crime”, pointing…
By The global economy this year is full of puzzling surprises. Japan’s GDP growth is currently surpassing that of China, and July retail sales in the US were double the consensus forecast, despite the US Federal Reserve pursuing one of the most concentrated rate-hiking cycles in decades.In the UK, wage growth has risen to an…
By Higher rates are supposed to be fighting inflation, but they also raise the price of a key component … [+] of CPI.gettyMeasuring inflation is a complex task, especially when calibrating monetary policy responses to rising prices. Residential rent, in particular, makes up for over a third of the Consumer Price Index, of which owner’s…
By Paul Krugman has long been a critic of the Fed’s 2% inflation target, and suggests the goal be bumped up to 3%. But central bankers’ reaction to such suggestions is similar to what “you’d get if you waved a Pride flag at a DeSantis rally,” he says. In his New York Times op-ed, Krugman…
By Taming inflation is a major challenge facing the post-pandemic world. After governments spent freely to offset the economic fallout of the Covid-19 pandemic, prices began to climb at the fastest pace in decades, and central banks embarked on the most aggressive and synchronized monetary policy tightening in 40 years. While inflation has eased since…
By How successful has the Bank of England been in reining in inflation?If we go by the headline measure that fixates the City and most of the commentators, dear old CPI, the record does not look too bad.By this yardstick inflation peaked at 11.1% in October last year and, going by last month’s figure of…
By OAKLAND, MARYLAND – AUGUST 22: In this aerial view, turbines that are part of Constellation … [+] Energy’s Criterion Wind Project stand in a row along the top of Backbone Mountain on August 22, 2022 in Oakland, Maryland. The 70-megawatt wind farm runs along eight miles of the mountain ridge and consists of 28…