A weekly measure of inflation launched in February last year has surged to a record high, and is predicting a tougher inflationary environment for American consumers ahead. The Indirect Consumer Inflation Expectations (ICIE) is a joint effort between economists from the Federal Reserve Bank of Cleveland and Morning Consult. It asks survey participants how their…
New Measure of Inflation Expectations Jumps to Record High as Americans Brace for Even Higher Prices
The Age of Easy Money Is Over
November 15, 2022
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AnalysisBen BernankeBig TechBusiness & MarketsBusiness Columnistsdeieasy moneyESGFederal ReserveFTXinflationinterest ratesjerome powellOpinionquantitative easingrecessionSam Bankman-FriedU.S. economy
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Commentary What began in 2008 and continued for the better part of 14 years appears finally to be coming to an end. The era of cheap money and credit is over. It’s hard to wrap one’s brain around the implications. It will affect all of business life and personal finances. It will dramatically change financial…
Fed Data Show Increased Inflation Expectations and Deteriorating Unemployment Expectations
Inflation expectations among Americans have risen for the short, medium, and longer terms, while their unemployment expectations reached the highest level since April 2020, according to the October 2022 Survey of Consumer Expectations by the Federal Reserve Bank of New York. “Median inflation expectations increased at both the one- and three-year-ahead horizons in October, by…
Goldman Sachs Sees Significant Decline in US Inflation Next Year
November 15, 2022
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Business & Marketseconomic policieseconomyFederal ReserveGoldman Sachsinflationinterest rate hikeInvestmentMarketsrecessionUS
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Economists at Goldman Sachs Group (GSG) are predicting that the present surge in U.S. inflation will significantly decline in 2023. A team led by Goldman Sachs’ chief economist, Jan Hatzius, said that this would be led by three key factors: an ease in the supply chain crisis, a drop in housing prices, and slower wage…
Maybe the Fed Too Was Trolled
November 12, 2022
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AnalysisBusiness & MarketsBusinesses in COVID-19excess deathsFederal Reserveinflationjerome powelllockdownsOpinionrecessionstagflationU.S. economy
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Commentary The Federal Reserve—and central banks the world over—played a crucial role in making lockdowns possible and weaponizing the panic of politicians. As the lender of last resort and the provider of liquidity for the entire federal government, it removes normal fiscal restraint. It writes checks that cannot bounce to fuel governments in normal times…
Federal Reserve Meeting Calendar and Fed News
The Federal Reserve has been aggressively moving to raise interest rates this year in an effort to cool off red-hot inflation that has seen the cost of living across the United States soar. Prior to March of this year, the central bank, whose duties include maintaining a stable monetary and financial system while maximizing employment, had not…
Is the Federal Reserve Going Bankrupt?
November 8, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyFederal Reserveinflationinterest ratesPolicies & ImpactsrecessionUSUS News
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Commentary How can a bank with the power to create money out of thin air manage to lose money and become insolvent? The Federal Reserve can do it. Here is how. The Fed is losing money at an accelerating rate. Based on generally accepted accounting principles (GAAP), the Fed soon could soon be considered insolvent….
October Jobs Report Breaks Hopes of a Federal Reserve Pause
November 4, 2022
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AnalysisBusiness & MarketsBusiness ColumnistseconomyFederal Reserveinflationinterest ratesjobsOpinionPolicies & ImpactsrecessionunemploymentUSUS News
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Commentary The October jobs report showed that the economy added 261,000 new jobs, considerably better than the consensus estimate of 200,000 jobs. This morning’s print is 54,000 fewer jobs than were created in September 2022 and 461,000 fewer jobs than were created in the COVID recovery period of 2021. Net revisions for August and September added another 29,000 net…
High Inflation ‘Not All on Biden,’ as Trillions in Fed Stimulus Partly to Blame: Rattner
November 4, 2022
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A former Obama administration adviser said on Thursday that soaring inflation is in part due to continued public spending of large amounts of COVID-19 stimulus, stating that the Biden administration is not entirely to blame. Steven Rattner, who served as an adviser to the Secretary of the Treasury under the Obama administration made the comments…
Economists Foresee Worsening Recession as Federal Reserve Continues to Hike Rates
November 4, 2022
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Business & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesPolicies & ImpactsrecessionUS
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With the Federal Reserve indicating that it has no intention to stop hiking interest rates until inflation cools down, experts are worried that such actions would end up plunging the country further into recession. The 12-month Consumer Price Index (CPI), which measures annual inflation, has stubbornly remained at or above 7.5 percent for every single…
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