Minneapolis Fed President Neel Kashkari, a member of the central bank’s rate-setting monetary policy committee, is open to pausing interest rates at the next policy meeting in June. He told the Wall Street Journal on May 21 that members of the Federal Open Market Committee (FOMC) need more time to assess the results of previous rate increases…
Fed’s Kashkari Open to Holding Rates Steady at Next Policy Meeting in June
May 22, 2023
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Business & Marketseconomic policieseconomyFederal Open Market Committee (FOMC)inflationinterest ratesMarketsNeel KashkarirecessionU.S. InflationUS
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Inflation Heats Up Despite Easing Supply Chain Pressures
February 22, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentmanufacturingMarketssupply chainU.S. InflationUncategorizedUSUS News
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U.S. inflation is heating up despite improvements in supply chain pressures. This comes as business activity in the United States picked up in February, according to the latest U.S. Purchasing Managers’ Index (PMI) Composite Output Index from S&P Global on Feb. 21. Although supply chain disruptions showed signs of easing, inflation remain stubbornly elevated, as…
Americans Spending Nearly $400 More per Month Owing to Inflation
December 15, 2022
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Biden InflationBusiness & Marketseconomyhigh inflationhousehold incomeinflationpersonal financeU.S. InflationUS
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The elevated inflation rate is forcing U.S. citizens to spend hundreds of dollars a month extra than usual, forcing many into a financially tough spot as households struggle to make ends meet. The average U.S. household in November spent $396 more a month to buy the same goods and services they purchased a year back,…
NTD Business (Dec. 13): FTX Founder Faces Criminal Charges; Nov. US CPI: Inflation Slows Down
Disgraced former FTX CEO Sam Bankman-Fried has been arrested and charged for allegedly stealing his customer’s money. There is some hope American customers could get their money back. U.S. inflation is slowing down for the fifth month in a row, but it’s still high. We talk to a billionaire businessman to see how things are…
Powell’s Double Challenge: A Slowing Economy and Vanishing Liquidity
Commentary The hawkish tone of the Federal Reserve Chairman Jerome Powell on Friday, Aug. 26, was unequivocal. His most important sentence, in my view, was the following: “With inflation running far above 2 percent and the labor market extremely tight, estimates of longer-run neutral are not a place to stop or pause.” What does this…
Inflation-Weary Shoppers Hunting for Deals Are Turning to Cheaper Brands
More American consumers across the country are purchasing cheaper store brands at supermarkets due to rising grocery prices, adding pressure to the big food brands. The major change in spending habits began in March with the sudden spike in gas prices and the highest level of inflation in 40 years. Credit card companies report that…
Mortgage Demand Sinks to 22-Year Low as Recession Fears Mount
July 21, 2022
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Business & Marketseconomyhousing marketinflationMarketsmortgage applicationsreal estaterecessionU.S. InflationUSUS Real Estate
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Mortgage applications in the United States decreased 6.3 percent for the week ending July 15 compared to the previous week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Mortgage demand fell for a third week in a row to the lowest point since 2000 as high inflation and interest rates hammered…
Retail Sales Rose in June but Down When Inflation Is Taken Into Account
U.S. retail sales rose 1 percent in June, largely due to higher prices for food and gas, led by inflation and not sales volumes, according to the Commerce Department on July 15. The small increase in retail sales last month was not adjusted for inflation, with sales likely falling 0.2 percent when taking the 1.3 percent…
Fed Could Cut Interest Rates Early Next Year, Analysts Say
July 1, 2022
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Business & Marketseconomic policieseconomyFederal ReserveinflationMarketsrecessionTreasury BondsU.S. InflationUSUS interest rates
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The U.S. bond market on June 29, moved to price in an anticipated move by the Federal Reserve to cut the interest rate by a half-point in early 2023, after traders predicted that a likely recession would eventually force the central banks to slow down its aggressive tightening policies. The Fed and other central banks around the world…
Inflation Is Causing More Americans to Be Nervous About Their Savings
Rapidly rising high inflation rates are causing Americans to feel insecure about dipping into their emergency savings, according to a June 23 survey from Bankrate.com. The rise in everyday living expenses due to inflation throughout the country has forced Americans to reassess their household budgets. Inflation in May hit a 40-year historic high, forcing the Federal Reserve…
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