The Federal Reserve

Five major central banks meet this week at a moment when inflation remains stubbornly above target across the developed world.

Since the last Federal Reserve meeting, oil prices have surged, and consumer inflation has intensified.

Higher rates can tamp down inflation, but they can also change the dynamics of the labor market.

Over the past two decades, the Federal Reserve’s balance sheet has grown to $6.7 trillion in response to two major financial crises.

“A yield curve is really how the market is expecting Federal Reserve policy rates to evolve over time,” said Meghan Swiber at Bank of America Merrill Lynch.

EJ Ume, a professor of economics at Miami University, explains the disparate impacts of monetary policy on Black workers.

In August, headline inflation was up 0.3 percentage points from the month before, measuring a steady 3.4% year over year.

Fed Chair Kevin Warsh thinks Fed officials have tipped their hand too much in the past about their future plans for interest rates. But he hasn’t been able to keep everybody else quiet.

The Fed raised interest rates, bond yields broke 5%, and a barrel of crude oil … well, it’s just getting more expensive.

There’s an ongoing debate about what data the Federal Reserve should use to measure our economy.