The consumer confidence index from The Conference Board fell slightly in October, showing that consumers are still anxious about the economy and the job market.
The latest NFIB survey of small businesses found nearly a quarter of small businesses raised prices last month. And nearly a third plan to do so in the next three months.
The dollar is hovering around a two-month high. Up until a couple months ago its value had been falling since January. What’s behind the uptick? And what forces may end this trend?
Stephen Miran, President Trump’s latest appointee to the Federal Reserve Board Governors, wants the federal funds rate to be a full 2 percentage points lower than its current level.