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The June CPI numbers were pretty good, but more interest rate hikes are likely coming on the way to the central bank’s 2% target.
The level of corporate earnings manipulation is similar to that of other pre-recessionary periods, according to the M-Score.
It could signal that wage and other cost pressures are easing or that sales are weakening and the economy is slowing.
A new United Way report finds a 5% increase in the number of Houston-area households struggling to afford basic necessities.
The manufacturing sector is shrinking, according to a report. But that doesn’t account for people’s spending or the tight labor market.
Retail sales surprised with a 0.3% gain in May. Nearly every category advanced despite persistent concern about inflation.
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
A labor shortage and a relatively strong economy contribute to high prices. Some experts worry about inflationary expectations.
Movements in money supply matter, but not as much as they used to.
Some economists think the Fed should aim higher than that magical 2% rate.