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Housing is one of the biggest parts of inflation, but current metrics lag by about a year. The new tenant repeat rent index aims to change that.
Some officials want a 0.75% rate hike at the next meeting. Others think a 0.5% increase is enough.
We don’t yet know if the Fed’s rate hikes have fully shown up in the economy. That could take many months.
A lot of investors were betting that the Bank of Japan would join other central banks in hiking rates to beat back inflation.
When we focus on recent months rather than year-on-year increases, inflation numbers look pretty good, says economist Alan Blinder.
Earnings have been rising quickly, but the cooler data may restrain the Federal Reserve’s rate-hike campaign.
The currency’s dip could be due to the prospect of a weakened U.S. economy in 2023.
Pending home sales have dipped, and economists expect the market to continue to droop.
The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.
Some signs are already flashing red. Job creation and consumer spending, though, are still chugging along.