Cleveland Fed President Beth Hammack said the central bank could be ready to take monetary policy action beginning in June.
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That’s right: CPI fell 0.1% in March, according to the US Labor Department, marking the first month-over-month decline since May 2020.
Advisors are calling for an economic slowdown. The million-dollar question is how hard it will hit.
As Kenny Rogers sang, gamblers have to know when to hold them. When it comes to interest rates, so, too, do central banks.
The good news: Inflation may be calming down. The bad news: Likely-inflationary tariffs are just starting to hit now.
More than half of US adults think inflation will increase this year and that’s more than double those who expect prices to come down, according to…
The prices that were supposed to be going down “starting on Day One,” as the White House promised, are going up instead.
Another month, another Consumer Price Index inflation report, the show-stopping data dump of our inflation-weary universe.
Inflation is definitely looking like a “two-handle” problem. That’s investor-speak for a rate below 3% but above the Fed’s 2% target.
The Fed may have cracked inflation, but eggflation is proving harder to beat. Unsurprisingly, egg producer stocks are soaring.
Another month, another frustratingly sticky inflation report. Still, a rate cut seems certain when the Federal Reserve meets next week.
The last mile is always the hardest. For the Federal Reserve, the last mile in its race to tame inflation just got even harder.
Trump promised in a Truth post to levy via 25% tariffs “on ALL products coming into the United States” from Mexico and Canada.
The leadership change comes as the retail pharmacy industry faces thin profit margins, store closures, and layoffs.
Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?
As the prospect of higher-for-longer continues to sink in, small businesses are beginning to feel the pinch, per Bloomberg.