Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Fed's Neel Kashkari says central bank has not made enough progress, keeping his rate outlook Source link
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Breaking News: Economy
Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says
Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before. Source link
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IMF hikes global growth forecast as inflation cools and household spending surprises
In its latest economic update, the institution said the global economy will grow 2.9% this year. Source link
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Key Fed inflation measure eased in December while consumer spending also declined
The personal consumption price index excluding food and energy for December increased 4.4% from a year ago. Source link
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Fed Governor Waller backs quarter-point interest rate hike at next meeting
The central bank official said during a Council on Foreign Relations event in New York that the Fed can dial
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Existing home sales fell for the 11th consecutive month in December, hitting the slowest pace since November 2010
Home sales have fallen for 11 consecutive months as mortgage rates weigh on the market. Source link
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Consumer prices fell 0.1% in December, in-line with economists’ expectations
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago
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Fed’s Bowman says there’s ‘a lot more work to do’ to bring down inflation
Bowman said Tuesday she expects more interest rate increases ahead, with higher rates to prevail for a while until inflation
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Brian Sullivan’s 5 predictions for 2023
After going 5-for-5 in 2021, last year was much more difficult to predict. Source link
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