(Photo by Mario Tama/Getty Images) Getty Images Key takeaways Inflation, housing and jobs data all pointing the right direction for taming high inflation while avoiding a recession But the debt-ceiling crisis is putting pressure on the markets as the deadline draws closer If the US defaults on its debt, then the financial consequences would be…
The skyline of Washington, D.C., including the US Capitol building, Washington Monument, Lincoln … [+] Memorial and National Mall, is seen from the air (SAUL LOEB/AFP via Getty Images) AFP via Getty Images The current state of the economy is [fill in the blank]. The future state of the economy is [fill in the blank].…
Federal Reserve Copyright (c) 2020 grandbrothers/Shutterstock. No use without permission. While the Federal Reserve has not explicitly stated it, May’s interest rate hike may well have been the final increase in the current cycle. If so, we have just witnessed one of the steepest rate hike cycles in history, with ten consecutive rate increases bringing…
(Photo by Carl Court/Getty Images) Getty Images Key takeaways 253,000 new jobs were added to the U.S. economy in April, smashing forecasts of 180,000 Wages were up 4.4% annually, accelerating from March figures It’s a mixed picture for the Fed, who just raised interest rates for tenth time in a row The U.S. jobs economy…
(Photo by Win McNamee/Getty Images) Getty Images Key takeaways The Federal Reserve increased interest rates by 0.25% as anticipated The decision comes amid a turbulent week for the banking sector, the debt-ceiling crisis gaining speed in government and growing recession fears Stock markets were down, Treasury yields fell and Bitcoin was up at the news…
The Federal Reserve building, where the Federal Open Market Committee meets to set interest rates. … [+] (Photo by Chip Somodevilla/Getty Images) Getty Images Other Forces Help Determine Whether Buyers Pay More Or Less For A Mortgage Every six weeks or so the financial market is dominated by discussion of whether the Fed will “raise…
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, May … [+] 3, 2023, following the Federal Open Market Committee meeting. (AP Photo/Carolyn Kaster) Copyright 2023 The Associated Press. All rights reserved The Federal Reserve has now held three of its eight scheduled meetings for 2023, raising rates 0.25-percentage-points at each…
Vintage illustration of man with a crystal ball, while the long-term trend in stock prices is up. … [+] (Illustration by GraphicaArtis/Getty Images) Getty Images Famed American Economist Paul Samuelson years ago joked, “Economists have predicted nine of the last five recessions,” and forecasting today remains as fraught with peril as ever. After all, calculations…
Shelter costs are likely to be the primary factor driving inflation for the remainder of 2023 (Photo … [+] by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images Many components of inflation have eased over the past year, while housing costs have continued to accelerate. However, there are…
Getty Images TL;DR A key measure of inflation watched closely by the Fed, Personal Consumption Expenditure (PCE) came in slightly lower than expected, up 0.3% in February This was lower than the 0.4% projected and the 0.5% from last month Sentiment continues to drive markets, as investors trade more on short term emotions rather than…