If you want to know why progress on bringing down inflation has stalled, a good starting place for your investigation would be the federal budget deficit.
Superstitious investors can breathe a sigh of relief. We passed another anniversary of Black Monday without a stock market crash.
The Federal Reserve is not buying the optimism about the economy that the White House has been marketing under the brand Bidenomics.
Federal Reserve Chair Jerome Powell’s remarks today gave plenty of reason to believe that the Fed will not hike rates at its November 1 meeting.
Federal Reserve Governor Chris Waller on Wednesday drained some of the drama of the coming Halloween meeting of the Federal Open Markets Committee.
What if the Federal Reserve declared a restrictive monetary policy and no one heard it?
Philadelphia Federal Reserve President Patrick Harker said on Monday that he believes it is time for the Fed to stop raising rates.
With so many measures suggesting that disinflation has already nearly run its course, that makes rate hikes next year far more likely than the less-than-zero chance bonds markets currently reflect.
The Federal Reserve’s fight against inflation has faltered.
The market believed that the Fed might not need to hike again because yields were already doing the work of another hike. And that’s when the bond market started laughing.
While there’s been a lot of chatter over the past few days about the September jobs figures being weaker than they looked, the numbers do not really support the negative interpretation.
War is expensive and inflationary.
“Don’t let them immanentize the eschaton” was an improbably popular slogan among conservatives of the 1960s and ’70s. It now looks like a good maxim for considering inflation and interest rates.
The recession is back on, baby.
The Commerce Department’s monthly report on factory orders is the latest evidence that U.S. manufacturing has bottomed and may even be rebounding.
The August job vacancy data is the latest evidence that the economy accelerated in the second half of the year, defying expectations that interest rate hikes would be a drag on growth.
The U.S. manufacturing sector’s worst days appear to be behind it.
In a small legislative body where seniority equals power and influence, Dianne Feinstein’s decades-long Senate reign warped national policy and federal spending priorities to favor her home state.
Republicans tonight have the chance to make the GOP great again on labor issues. The question is whether they are smart enough to take up that chance.
The latest Federal Reserve regional manufacturing surveys provide growing evidence that the manufacturing sector is rebounding.
Can Republican presidential hopefuls make the case against Bidenflation in this Wednesday’s GOP primary debate?
The Biden administration forecast that its sanctions against Russia would be crippling. To put it mildly, this has not worked out as planned.
By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate.
The Federal Reserve appears to expect the softest of landings next year.
The biggest question in economics today is whether the Fed can engineer a soft landing.
The announcement of the Federal Reserve’s interest rate target is likely to be the least interesting thing coming out of this week’s Fed meeting.
The negotiations between the United Auto Workers (UAW) and the Big Three are haunted by the specter of Bidenflation.
The looming strike by the United Auto Workers is as much a protest against Bidenomics as it is the policies of General Motors, Ford Motor Company, and Stellantis.
The risks of inflation persistence got harder to ignore with Wednesday’s release of the consumer price index for August, and rising energy prices played a big part.
The last time household income suffered a decline as large as it did in the second year of Biden’s presidency was in the second year of Biden’s vice presidency.
If Joe Biden was hoping this would be a hot Bidenomics summer, he has got to be feeling pretty disappointed right now.
The Biden administration’s deficit spending has become a big part of the inflation problem.
The idea that economic growth is faltering received another blow on Wednesday when the Institute for Supply Management reported that the services sector expanded for the eighth straight month in August.
Let’s face it. This is Taylor Swift’s economy. The rest of us just work in it.
Jerome Powell has frequently said that the Federal Reserve sees the stance of monetary policy as “restrictive.” The American consumer, however, begs to disagree.
You have to wonder if Jerome Powell is a bit frustrated that the unbridled enthusiasm of the stock market this week.
Today’s JOLTS data provided reassurance to monetary policymakers that inflationary pressures from the labor market may be retreating.
If Biden’s economic programs really were working to grow the economy “from the bottom up and the middle out,” Foot Locker would be thriving.
What if we had a housing recovery and no one showed up?
How much of our inflation problem is due to output declines and disruptions and how much is due to stimulus-fueled excess demand?
