American consumers borrowed a lot less in January
Borrowing drops to a 4.4% annual growth rate, about half the strong December gain. Source link Greg Robb
American consumers borrowed a lot less in January Read More »
Eight Fed districts had flat or slightly negative growth in February: Beige Book
The report from the Federal Reserve comes as talk about a potential recession has picked up in recent days. Source link Greg Robb
Eight Fed districts had flat or slightly negative growth in February: Beige Book Read More »
Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter
This would be the first negative quarter in three years, and comes as talk of a possible recession picks up. Source link Greg Robb
Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter Read More »
Fed’s Logan backs shortening maturity of central bank’s balance sheet
Dallas Fed President Lorie Logan on Tuesday backed a plan to change the composition of the Fed’s secondary-market purchases of Treasury securities so that the central bank’s holdings match the government’s maturity profile. Source link Greg Robb
Fed’s Logan backs shortening maturity of central bank’s balance sheet Read More »
Fed officials worried about inflation sparked by Trump’s tariffs and economic plans
The central bank is having a tough time gauging the impact of Trump’s plans on the economy. Source link Greg Robb
Fed officials worried about inflation sparked by Trump’s tariffs and economic plans Read More »
Egg prices are surging again. Why Powell and the Fed’s grip on inflation may be slipping.
The price increase in this consumer staple is complicating the central bank’s ability to achieve a soft landing. Source link Greg Robb
Fed to cut rates this week, bringing an end to first phase of easing
The Federal Reserve is set to cut its benchmark interest rate by a quarter-percentage point this week, staying on the path it has laid out to slowly bring rates down even as the economic landscape shifts beneath its feet. Source
Fed to cut rates this week, bringing an end to first phase of easing Read More »
Jobless claims jump to two-month high in a cautionary sign, but holidays may be to blame
Initial jobless claims rose by 17,000 to 242,000 in the week that ended Dec. 7, the Labor Department said Thursday. That’s the highest level since mid-October. Source link Greg Robb
Jobless claims jump to two-month high in a cautionary sign, but holidays may be to blame Read More »
U.S. consumer credit jumps in October as credit cards drive purchases
Total U.S. consumer credit surged in October, rising by $19.2 billion — the fastest pace since July. Source link Greg Robb
U.S. consumer credit jumps in October as credit cards drive purchases Read More »
Why Powell and the Fed might pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady. Source link Greg Robb
Why Powell and the Fed might pause interest-rate cuts in December Read More »