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Breaking news: the economy

John Williams, president of the Federal Reserve Bank of New York, says the US recession is not his primary issue

June 28, 2022 by xeronmer

New York Federal Reserve Chairman John Williams said on Tuesday that he expects the US economy to avoid a recession …

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Poor manufacturing surveys are the latest sign of a major economic slowdown

June 27, 2022 by xeronmer

Dismal regional manufacturing readings are sounding alarm bells that business activity is slowing as summer approaches. The latest bad news …

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Everyone knows that inflation is on fire. Here’s what really nourishes her

June 17, 2022 by xeronmer

Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy …

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The Fed raised its benchmark interest rate by 0.75 percentage points, the largest increase since 1994

June 15, 2022 by xeronmer

The Federal Reserve on Wednesday launched its biggest fallout yet against inflation, raising benchmark interest rates by three-quarters of a …

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Real-time updates of the Fed’s big rate decision and Powell’s press conference

June 15, 2022 by xeronmer

S&P 500 index could gain 23.8 basis points after Fed meeting The S&P 500 is historically gaining an average of …

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Markets are now preparing for the possibility that the Federal Reserve will raise interest rates in the future

June 13, 2022 by xeronmer

With inflation hitting a 40-year high, expectations of an interest rate hike from the Federal Reserve are also mounting. With …

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Inflation increases, woe to consumers worrying that a recession is already there

June 10, 2022 by xeronmer

Trays of beef are displayed for sale in the meat section of a supermarket in McLean, Virginia, June 10, 2022. …

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Federal GDP tracker shows the economy may be on the brink of recession

June 7, 2022 by xeronmer

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing entitled Monetary Policy and the State of …

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Bernanke says the Fed’s slow response to inflation was a mistake

May 16, 2022 by xeronmer

Former Federal Reserve Chairman Ben Bernanke said the central bank erred in waiting to tackle the problem of inflation, which …

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Inflation rose to 8.3% in April from a year ago, and remains near 40-year highs

May 11, 2022 by xeronmer

Inflation picked up again in April, and a continuing rally that has pushed consumers to the brink and threatens economic …

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