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The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.
Some question the predictive powers of the The Conference Board’s Leading Economic Index, a past predictor of recessions.
Some economists — citing interest rates, taxes and market cycles — think we are entering an era of underperformance.
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.