We find a good place to go rubbernecking. By Wolf Richter for WOLF STREET. A collapse chart has been making the rounds on social media, financial blogs and more. It’s distributed without context, like it’s self-explanatory, kind of like, look, the world is falling apart. It’s from the St. Louis Fed data repository. The title …
How big are the Fed’s losses and where can we go to see them? Read More »
baona/iStock via Getty Images After five days of selling, the major market averages finally ended in positive territory yesterday, as they continue to consolidate November’s gains, while remaining above their respective 50-day moving averages. The recent setback has been welcome, but it It will be the upcoming Producer and Consumer Price reports that will dictate …
A ‘Help Wanted’ sign is displayed in a store window in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As for the jobs reports, the November ones weren’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot payroll reading that was double what …
The Fed’s path to a “Goldilocks” economy just got a little complicated Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumer Expenditure Index, the measure the Federal Reserve is watching most closely, climbed 6% on the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …
The Fed’s favorite inflation gauge slowed in October Read More »
Dow Jones futures rose early Wednesday, while S&P 500 and Nasdaq futures edged higher with Fed Chief Jerome Powell and the start of key economic data at hand. X The stock market rally ended mixed on Tuesday with Apple (AAPL) once again a drag on major indices, as well as Amazon.co.uk (AMZN) and You’re here …
Futures: Market Rally Awaits Fed’s Powell; What to do Read More »
WASHINGTON, Nov 29 (Reuters) – As a graduate student at Harvard University in the 1980s, Katharine Abraham tried to fill a hole in U.S. economic data by piecing together an estimate of labor demand work, essentially a better estimate of the number of open jobs in the country. She drew on a mosaic of data, …
Once the mystery job posting survey becomes the Fed’s darling Read More »
Power the Future executive director Daniel Turner joined ‘Kennedy’ to discuss reports that fuel oil inventories in the North East and New England have fallen to a third of normal levels. Home heating bills are skyrocketing across the country amid already high energy costs, and the North East is expected to be hit hardest this …
New England’s high heating costs exacerbated by the feds Read More »
The Federal Reserve’s attempt to shrink its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief U.S. economist. “There is a non-negligible likelihood that market liquidity will be adversely affected well before the $2 trillion target is reached, preventing the Fed from reaching its target,” said Steven Ricchiuto, …
The Federal Reserve has had a historic tear this year, struggling to suppress persistent record high inflation with a series of aggressive rate hikes that have pushed the monetary body’s benchmark interbank lending rate up at the fastest rate since 1982. The strategy, which has included six rate hikes so far this year, aims to …
