Why Fed bets were so out of whack: Waller explains what put him ‘over the edge’ for a jumbo rate cut
Inflation might actually fall too far, the Fed governor says, opening the door wider for more half-point interest-rate cuts. Source link Greg Robb
Fed is more worried about labor market than Powell let on, William Dudley says
Federal Reserve Chair Jerome Powell did a “great job” of explaining the reasons for an aggressive interest-rate cut in a “non-scary way,” former New York Fed President William Dudley said Thursday. Source link Greg Robb
Fed is more worried about labor market than Powell let on, William Dudley says Read More »
Leading index for U.S. economy drops for sixth straight month in August
The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline. Source link Greg Robb
Leading index for U.S. economy drops for sixth straight month in August Read More »
Fed starts rate-cutting cycle with a bang — but wants it to be the only one
The Federal Reserve cut its policy interest rate by half of a percentage point on Wednesday, a more aggressive move than many economists expected. Source link Greg Robb
Fed starts rate-cutting cycle with a bang — but wants it to be the only one Read More »
‘Rather poor’ communication by the Fed blamed for creating doubt in the market about rate-cut path
Potential for whipsaw markets after Fed’s widely anticipated initial interest-rate reduction on Wednesday. Source link Greg Robb
Fed’s Waller backs starting ‘careful’ rate cuts in September, says open to more ‘forceful’ moves down the road
The time has come to start cutting interest rates, but carefully, Federal Reserve Governor Christopher Waller said Friday. The time for forceful cuts may come, but only if the data demand such moves, he added. Source link Greg Robb
Fed’s Goolsbee says trend of economic data justifies multiple rate cuts, starting soon
The longer-run trend of labor-market and inflation data justify the Federal Reserve easing interest-rate policy soon, and then steadily over the next year, Chicago Fed President Austan Goolsbee said Thursday, in an exclusive interview with MarketWatch. Source link Greg Robb
Fed’s Goolsbee says trend of economic data justifies multiple rate cuts, starting soon Read More »
U.S. productivity, ’the envy of the world,’ was better than initially estimated in second quarter
The productivity of American workers rose by a revised 2.5% annual rate in the second quarter, the government said Thursday. The increase was originally put at 2.3% in the preliminary report last month. Source link Greg Robb
Trade deficit in goods widens sharply to highest level in more than two years
July trade imbalance up 6.3% to $102.7 billion Source link Greg Robb
Trade deficit in goods widens sharply to highest level in more than two years Read More »
U.S. durable goods rise moderately in July — excluding volatile transportation sector
Orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July, beating a 4% forecast. Orders have risen in five of the last six months. Source link Greg Robb
U.S. durable goods rise moderately in July — excluding volatile transportation sector Read More »