The Federal Reserve is poised to cut interest rates this week, but whether the era of “higher-for-longer” rates is over is another matter.
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An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
The laws of business gravity say that when costs go up, those costs will, eventually, trickle down to the consumer.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
Simply put, Powell says he needs to wait and see June and July price data to know just how impactful and inflationary tariffs have been.
Despite new data this week showing inflation has cooled, Powell and the Federal Reserve are still expected to hold off on rate cuts.
Walmart says price hikes are coming this month and in the summer. You can thank tariffs on imports for them.
Cleveland Fed President Beth Hammack said the central bank could be ready to take monetary policy action beginning in June.
That’s right: CPI fell 0.1% in March, according to the US Labor Department, marking the first month-over-month decline since May 2020.
Advisors are calling for an economic slowdown. The million-dollar question is how hard it will hit.
As Kenny Rogers sang, gamblers have to know when to hold them. When it comes to interest rates, so, too, do central banks.
The good news: Inflation may be calming down. The bad news: Likely-inflationary tariffs are just starting to hit now.
More than half of US adults think inflation will increase this year and that’s more than double those who expect prices to come down, according to Northwestern Mutual.
The prices that were supposed to be going down “starting on Day One,” as the White House promised, are going up instead.
Another month, another Consumer Price Index inflation report, the show-stopping data dump of our inflation-weary universe.