The central bank has not finished its fight against inflation, but it is making progress We are starting to get some good news on inflation. The market euphoria on November 10, when the consumer price index for October fell short of expectations, was certainly excessive. But don’t let that obscure the good news. The CPI […]
At the Federal Reserve, they are beginning to worry about rising wages and how this can lead to high inflation in the economy. So officials wonder how much risk there is of this actually happening. The Government should continue to maintain rates high to combat inflation reports James Travis of Bloombergsubscription.com. The Fed’s preferred measure […]
US stocks fluctuated as many Federal Reserve officials rehashed their higher-rates-for-longer message. The S&P 500 had climbed as much as 0.9% after Fed Vice Chair Lael Brainard acknowledged the need to monitor the impact rising borrowing costs could have on global-market stability. It pared gains as investors contend with continued strength in personal consumption expenditure, […]
Hurricane Ian will likely weigh on U.S. economic growth through the end of 2022, economists say. Beyond that, the rebuilding and recovery will nudge up economic output over the coming years. According to an early estimate by Fitch Ratings, the hurricane pummeled fast-growing communities along the southwest coast of Florida, causing between $25 billion and […]