Federal Reserve
To Fight Sky-High Inflation, the Federal Reserve Just Raised Interest Rates Three Times Faster Than Usual — And the Most Since 1994
The increase marks an escalation of the central bank's effort to cool the highest inflation since 1981.
Billionaire Investor Warns U.S. Economy Could Face 'Serious Problems' If Fed Doesn't Hike Rates Within the Year
Investor Sam Zell voiced disapproval of the Fed's decision to raise interest rates by 50-basis points, saying the economy could be in trouble if they don't hike rates up to 100.
The Fed's "Do Nothing" Strategy Proves Costly
At a time when Americans are tightening wallets, the Fed should take its cues from the families who are pinching pennies to make ends meet.
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Surging Inflation Could See Millions of American Households Paying $3,500 in Additional Expenses This Year: Report
PWBM, a nonpartisan research-based initiative, estimates that the historic levels of inflation will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in 2019 or 2020.
Goldman Sachs Predicts Fed Will Raise Rates Faster Due to Persistent Inflation
Goldman Sachs is predicting that persistently high inflation will force the Fed to roll back stimulus more aggressively.
More Supply Chain Disruption and Pandemic Flare-Ups Key Risks to Economy in 2022: Poll
About one-quarter of 171 economists responding to a question about key risks to the global economic recovery said more supply chain disruptions or upticks in COVID-19 infections were the top risks.
Federal Reserve: Businesses Say Vaccine Mandates Are Hurting Employment
The Fed's so-called Beige Book noted that the U.S. economy has been "dampened by a low supply of workers," partially due to vaccine mandates.
Jobless Claims Rise Above Expectation to Highest Level in a Month
First-time filings for unemployment insurance-a proxy for layoffs-came in at 351,000 for the week ending Sept. 18, a rise of 16,000 from the previous week's revised level of 335,000.
Small-Business Optimism About Future Conditions Falls to 8-Year Low, Hiring Difficulties Hit 48-Year High
The level of confidence in the six-months-ahead outlook for business conditions fell to an eight-year low while hiring difficulties hit a 48-year high, a new report shows.
Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High
The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly higher 0.4 percent rate of monthly inflation.
Producer Prices See Biggest Annual Surge on Record, Stoking Broader Inflation Concerns
The Labor Department said in a Sept. 10 statement that, for the 12 months ending in August, the final demand producer price index (PPI) jumped by 8.3 percent, the highest number in the history of the series.
'Inflation Could Repeat Trajectory of 1960s': Economic Historian Niall Ferguson
Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a manner similar to the 2008 Global Financial Crisis.
Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High
The Labor Department stated in a report on Aug. 11 that the consumer price index (CPI) jumped 0.5 percent in July from June, which is less than the previous monthly increase of 0.9 percent.
Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years
Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.