2023-11-29 13:21:35 President Donald Trump praises departing economic adviser Gary Cohn (L) during a Cabinet meeting at the White House, Washington, March 8, 2018. Kevin Lamarque | Archyde.com The U.S. economy is “back to normal” for the first time in two decades, but the market is getting ahead of the likely pace of interest rate … Read more
2023-11-29 18:25:35 The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected business investment and stronger government spending, the Commerce Department reported Wednesday. Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated at a 5.2% annualized pace, the … Read more
2023-11-14 17:30:33 U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Archyde.com UBS expects the U.S. Federal Reserve to cut interest rates by as … Read more
2023-11-15 16:09:14 Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the Labor Department … Read more
2023-11-14 18:04:28 Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy and giving a potential green light to the Federal Reserve to stop raising interest rates. The consumer price index, which measures a broad basket of commonly used goods … Read more
2023-10-25 21:47:41 People shop along Broadway in Manhattan on July 27, 2023 in New York City. Spencer Platt | Getty Images The U.S. economy likely turned in another strong performance heading into the final part of the year, though what’s ahead could be significantly different. Gross domestic product, or the sum of all goods and … Read more
2023-11-07 15:24:07 A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023. Brendan McDermid | Archyde.com The world’s major central banks paused their interest rate hiking … Read more
2023-11-07 15:38:58 Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a … Read more