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Breaking News: Economy

Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says
Finance 

Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says

February 24, 2023 admin-dominor breaking news, Breaking News: Economy, business news, Economy

The Federal Reserve is unlikely to be able to bring down inflation without having to push rates considerably higher, according

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Fed’s Mester says she has hope that inflation can be brought down without a recession
Finance 

Fed’s Mester says she has hope that inflation can be brought down without a recession

February 24, 2023 admin-dominor breaking news, Breaking News: Economy, Breaking News: Markets, business news, Central banking, Economy, Federal Reserve Bank, Inflation, interest rates, MARKETS

In a CNBC interview, Mester said she sees the central bank's benchmark interest rate having to rise above 5% and

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Key Fed inflation measure rose 0.6% in January, more than expected
Finance 

Key Fed inflation measure rose 0.6% in January, more than expected

February 24, 2023 admin-dominor breaking news, Breaking News: Economy, business news, Economy, Inflation

The core PCE price index was expected to increase 0.5% from a month ago and 4.4% on an annual basis,

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Here’s where the jobs will be during the rolling recessions
Finance 

Here’s where the jobs will be during the rolling recessions

February 12, 2023 admin-dominor breaking news, Breaking News: Economy, business news, Economy

Recession-like conditions rolling through the U.S. economy are likely to cause more ripples through an otherwise strong jobs market. Source

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Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Finance 

Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook

February 7, 2023 admin-dominor breaking news, Breaking News: Economy, business news, Economy, Federal Reserve Bank, interest rates, MARKETS, Neel Kashkari

Fed's Neel Kashkari says central bank has not made enough progress, keeping his rate outlook Source link

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Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says
Finance 

Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

February 1, 2023 admin-dominor breaking news, Breaking News: Economy, business news, Economy

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
Finance 

IMF hikes global growth forecast as inflation cools and household spending surprises

January 31, 2023 admin-dominor Breaking News: Economy, business news, DXY US Dollar Currency Index, Economic events, Economy, Europe News, International Monetary Fund, Politics, Russia, ukraine, United States, World economy

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
Finance 

Key Fed inflation measure eased in December while consumer spending also declined

January 27, 2023 admin-dominor breaking news, Breaking News: Economy, business news, Consumer spending, Economy, Federal Reserve Bank, Inflation, Personal income

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
Finance 

Fed Governor Waller backs quarter-point interest rate hike at next meeting

January 20, 2023 admin-dominor breaking news, Breaking News: Economy, Breaking News: Markets, business news, Economy, Federal Reserve Bank, MARKETS

The central bank official said during a Council on Foreign Relations event in New York that the Fed can dial

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