Breaking News: Economy

Fed Chairman Powell has a problem communicating with the market

Fed Chairman Powell has a problem communicating with the market

No matter what Federal Reserve Chairman Jerome Powell says to market participants these days, it seems they only hear the good stuff. Two recent examples: first in July, when Powell hinted that smaller interest rate hikes might be on the way. The second was last week, when the central bank leader appeared to confirm that …

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The Fed's path to a "Goldilocks" economy just got a little complicated

The Fed’s path to a “Goldilocks” economy just got a little complicated

A ‘Help Wanted’ sign is displayed in a store window in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images As for the jobs reports, the November ones weren’t exactly what the Federal Reserve was looking for. A higher-than-expected payrolls number and a hot payroll reading that was double what …

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Fed officials see smaller rate hikes coming 'soon', minutes say

Fed officials see smaller rate hikes coming ‘soon’, minutes say

Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …

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JPMorgan sees four potential outcomes for the economy, and only one of them is good

JPMorgan sees four potential outcomes for the economy, and only one of them is good

According to economists at JPMorgan Chase, the global economy faces four likely scenarios – none particularly large – although there is a 1 in 5 chance a recession will not take hold. In the company’s most likely case, the United States is likely to experience a contraction in the latter part of 2023. Other possible …

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