Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat to deliver a blunt message that the Fed will keep at the job of bringing Read more
Tag: Stagflation
Federal Reserve officials back moving interest rates higher in order to slow the economy, minutes show
Federal Reserve officials in July agreed that it was necessary to move their benchmark interest rate high enough to slow the economy to combat inflation that remained well above their Read more
U.S. industrial output up sharply in July
The numbers: U.S. industrial production rose 0.6% in July, the Federal Reserve reported Tuesday. The gain was above Wall Street expectations of a 0.3% increase, according to a survey by Read more
Fed’s Barkin wants to keep hiking interest rates until there is a ‘sustained period’ of inflation under control
While the inflation data this week was certainly “welcome,” the Federal Reserve should continue to raise its benchmark interest rate until the data show continuous progress on inflation, Richmond Fed Read more
U.S. jobless claims move higher in latest week, continuing recent trend
The numbers: Initial jobless benefit claims rose 14,000 to 262,000 in the week ended Aug. 6, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
U.S. producer price inflation moderates in July
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said Thursday. That’s down from a 1.0% jump in June. Economists polled by The Wall Street Read more
U.S. producer price inflation moderates in July
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said Thursday. That’s down from a 1.0% jump in June. Economists polled by The Wall Street Read more
U.S. jobless claims move higher in latest week, continuing recent trend
The numbers: Initial jobless benefit claims rose 14,000 to 262,000 in the week ended Aug. 6, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
July inflation and jobs data suggest no recession this year, Laura Tyson says
““We’re not likely to see a recession this year.”” Worries about a recession, at least in the near term, have been ameliorated by the July consumer inflation and jobs data, Read more
Fed’s Kashkari says July CPI is ‘first hint’ of possible good news on inflation
The July consumer price data released Wednesday is the “first hint” that U.S. inflation might be slowing but doesn’t obviate the need for higher interest rates, said Minneapolis Fed President Read more
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