The Fed is having trouble saying one thing, and the markets want to hear another. “The bottom line is that markets don’t buy what the Fed is selling,” said Diane Swonk, chief economist at KPMG. “This raises expectations for the Fed to go further and be more hawkish.” Stocks fell sharply on Thursday, and bond …
Democrats are beginning to feel complacent about the direction of the economy, with a five-month downtrend in prices and softer action on interest rates, suggesting a possible change in fortunes. “I think we’re in a better moment, I think we’re in a better moment,” Sen. John Tester (D-Mont.), who sits on the Banking and Housing …
Democrats dare to sound optimistic about the economy Read More »
US Federal Reserve Chairman Jerome Powell holds a press conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarck | Reuters With the Federal Reserve’s latest interest rate hike adding half a percentage point to the cost of debt capital and reaching …
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. CNN – It’s been a horrible year for the markets and investors are tired. Months of soaring …
Investors hope the economic tide is turning. The wait may end soon CNN Business Read More »
Public and private companies have felt the crunch of rising funding costs this year as the Federal Reserve raised its benchmark short-term interest rate six times. Now, as the Federal Reserve prepares to unveil its seventh increase of the year, they are looking for clues as to where rates might go in 2023. The US …
Shoppers in Troy, Michigan on November 25, 2022. Matthew Hatcher/Bloomberg via Getty Images Inflation was less than expected in November amid a broad-based slowdown in consumer prices, which rose at their fastest rate in decades. The US Bureau of Labor Statistics said Tuesday that the consumer price index, a key measure of inflation, jumped 7.1% …
Here’s the inflation breakdown for November 2022 – in one chart Read More »
On Wednesday, the Federal Reserve is expected to raise interest rates for the seventh time this year to combat stubborn inflation. The US central bank is likely to agree to an increase of 0.5 percentage point, which is a more typical pace compared to the ultra-high 75 basis point moves at each of the past …
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – It seems like you can’t go anywhere these days without hitting your …
Why do we think we’re in a recession when the data says otherwise | CNN Business Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – American shoppers continue to spend, providing a vital boost to the economy. The …
Consumers are keeping the economy afloat…for now | CNN Business Read More »
