Fed Beige Book shows US growth outlook dimming as inflation bites
The Federal Reserve released its region-by-region report known as the Beige Book, which showed that most districts expect economic growth to slow down further next year.
Fed's Brainard warns interest rates need to remain high for 'some time'
Federal Reserve Vice Chair Lael Brainard signaled on Wednesday that policymakers are prepared to fight inflation for as long as needed until prices start to cool.
Is inflation cooling off? It depends where you live
Inflation showed signs of slowing down in July, but consumer prices remain well above the nation's 40-year high in certain parts of the country, the Labor Department reported.
US housing market downturn to worsen in 2023, Goldman Sachs warns
Housing sector activity will likely slow sharply in coming months, according to Goldman Sachs economists, with price growth eventually falling to zero.
The US is in a housing recession. Here's what that means
The Federal Reserve likely triggered a recession in the housing market with its interest rate hike campaign as rising borrowing costs price out first-time buyers.
Bank of America again warns of 'recession shock' as Fed doubles down on inflation fight
The U.S. economy is likely headed for a recession as the Federal Reserve raises interest rates at the fastest pace in decades, according to Bank of America strategists.
Solid August jobs report leaves another jumbo Fed rate hike on the table in September
U.S. employers added 315,000 jobs in August, opening the door to another super-sized interest rate hike when Fed policymakers meet at the end of September.
Market expert warns the Fed stuck ‘between a rock and a hard place’ as hiring 'frenzy' slows
MacroMavens president Stephanie Pomboy discusses the recent jobs report and warns employment boom will slow as businesses start to feel the direct pressure of earnings.
Fed Chair Powell says inflation fight could create heavy burden for Americans
Federal Reserve Chair Jerome Powell spoke at the Jackson Hole conference last week, saying that Americans will likely feel the financial burden as the Fed doubles down on decreasing inflation.
US job growth moderates in August with 315,000 added while unemployment edges higher
The Labor Department's August jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for a recession.
August jobs report likely to show hiring remained healthy, but gains could slow in coming months
The U.S. economy likely added 300,000 jobs in August, a solid figure that could raise the odds of another super-sized Federal Reserve rate hike later this month.
Mortgage rates climb to 5.66% after Fed pledges 'forceful' action on inflation
Mortgage buyer Freddie Mac said the average rate on the 30-year loan rose to the highest level in two months amid renewed fears of an aggressive Federal Reserve.
Fed rate hikes won't stop inflation if government spending stays high, paper says
Federal Reserve interest rate hikes will not successfully cool inflation unless the federal government also slows fiscal spending, a new paper suggests.
Fed's Mester sees interest rates topping 4% this year, no rate cuts in 2023
Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday that policymakers need to raise interest rates into restrictive territory to cool inflation.
US companies added just 132,000 jobs in August as hiring slows: ADP
The ADP National Employment Report published on Wednesday showed that private employers hired just 132,000 workers in August amid growing fears of a recession.
New York Fed's Williams warns interest rates likely to stay high for a while
The president of the New York Federal Reserve said on Tuesday that central bank policymakers must raise interest rates higher in order to combat the hottest inflation in decades.
Consumers at 'inflection point,' former Toys 'R' Us CEO argues
Former Toys 'R' Us CEO Gerald Storch explained the "warning signs" from consumers amid the inflationary environment and what it means for the retail industry.
Former CBO director warns inflation will take ‘years, not months’ to cool off
Former Congressional Budget Office Director Douglas Holtz-Eakin argues the "most important thing" about Powell's speech was that he didn't ensure inflation's soft landing.
Zuckerberg fallout, EBT tech issue, Powell speech reaction and more: Monday's 5 things to know
Meta CEO told Joe Rogan Facebook limited the Hunter Biden laptop story ahead of the 2020 election, a nationwide EBT outage and more earnings and labor reports are due this week.
Central banks can’t tackle inflation without more sensible fiscal policy, new study argues
Central banks cannot tackle inflation unless governments enact more prudent fiscal policies, argues a new study presented at the Jackson Hole Economic Symposium.


















