Feds

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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U.S. hiring remains strong, complicating Fed’s inflation fight

WASHINGTON– The country’s employers continued to hire vigorously in November despite high inflation and a slow-growing economy — a sign of resilience in the face of aggressive interest rate hikes from the Federal Reserve. The economy added 263,000 jobs, while the unemployment rate remained at 3.7%, still near its lowest level in 53 years, the …

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The Fed's favorite inflation gauge slowed in October

The Fed’s favorite inflation gauge slowed in October

Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumer Expenditure Index, the measure the Federal Reserve is watching most closely, climbed 6% on the year to October, …

The Fed’s favorite inflation gauge slowed in October Read More »

The Fed's favorite inflation gauge slowed in October

The Fed’s favorite inflation gauge slowed in October

Inflation showed welcome signs of moderating in October, but remained uncomfortably fast even as a slew of economic data underlined that a return to normal price increases could take time. Prices as measured by the Personal Consumption Expenditure Index, the metric the Federal Reserve is watching most closely, rose 6% in the year to October, …

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The Fed's housing market 'reset' officially triggered the second biggest post-war house price correction

The Fed’s housing market ‘reset’ officially triggered the second biggest post-war house price correction

In June, Fed Chairman Jerome Powell told reporters that the overheated US housing market – which has seen US home prices rise more than 40% in just over two years – had need a “reset”. And higher mortgage rates, he said, would slowly bring “equilibrium” back to the market. “We saw [home] prices have risen …

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New England's high heating costs exacerbated by the feds

New England’s high heating costs exacerbated by the feds

Power the Future executive director Daniel Turner joined ‘Kennedy’ to discuss reports that fuel oil inventories in the North East and New England have fallen to a third of normal levels. Home heating bills are skyrocketing across the country amid already high energy costs, and the North East is expected to be hit hardest this …

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Reducing the Fed's balance sheet via quantitative tightening is "a total mistake", says Mizuho

Reducing the Fed’s balance sheet via quantitative tightening is “a total mistake”, says Mizuho

The Federal Reserve’s attempt to shrink its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief U.S. economist. “There is a non-negligible likelihood that market liquidity will be adversely affected well before the $2 trillion target is reached, preventing the Fed from reaching its target,” said Steven Ricchiuto, …

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How far will the Fed's rate hikes go before they back off?  Here's what economists predict

How far will the Fed’s rate hikes go before they back off? Here’s what economists predict

The Federal Reserve has had a historic tear this year, struggling to suppress persistent record high inflation with a series of aggressive rate hikes that have pushed the monetary body’s benchmark interbank lending rate up at the fastest rate since 1982. The strategy, which has included six rate hikes so far this year, aims to …

How far will the Fed’s rate hikes go before they back off? Here’s what economists predict Read More »