Federal Reserve’s fortitude to be tested in months ahead. Next key data comes Friday

Former Treasury Secretary Larry Summers cast doubt on President Biden's comments that he is hoping for an economic "soft landing" to get inflation under control without triggering a recession, saying that he believes achieving that goal is "really quite unlikely." He said declines in inflation from around 7 percent to 2 percent, the Federal Reserve's goal for…

With just five weeks until the midterm elections, the country is experiencing a perfect storm within the economy– involving surging inflation, rising interest rates, and a sinking stock market– that puts Democrats in an increasingly perilous political position. For their part, Republicans are ramping up efforts to tie the worsening economy to Democratic…

Business leaders' expectations for the fourth quarter soured slightly, but they aren't worsening when looking ahead to the start of next year, according to the quarterly Leeds Business Confidence Index from the University of Colorado. The LBCI looks at six measures– the outlook for the Colorado and U.S. economy, as well as expectations for sales, profits hiring…

For the third time in 2022, Federal Reserve Chairman Jerome Powell announced a 0.75 interest rate hike from the U.S. Central Bank, Wednesday. The real estate organization reported that as single-family home sales lowered and mortgage rates increased, the number of houses being sold in Florida fell. The markets with the biggest portions of single-family homes…

The Conference Board said Thursday that its Leading Economic Index for the United States dipped last month. Ataman Ozyildirim, senior director of economics at The Conference Board, said the six-month slump for this index is "potentially signaling a recession." A major driver of this slowdown has been the Federal Reserve's rapid tightening of monetary policy…

"It depends almost entirely on what the Federal Reserve does in the next three or four months," he explains. The Federal Reserve, which meets two more times this year, announced another significant increase in interest rates on Wednesday afternoon. The decline in U.S. Gross Domestic Product and real North Carolina GDP in the first and second quarters.

The Federal Reserve announced Wednesday that interest rates will go up. 75 of a point as part of the board's effort to slow inflation. The increase marks the highest interest rates have been since 2008.. Russia's war against Ukraine is causing tremendous human and economic hardship.

WASHINGTON— Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain." The Fed is expected at its latest meeting to raise its key short-term rate by a substantial three-quarters of a point for the third consecutive time. The Fed intends those…

The Federal Reserve received mixed news in the latest data on U.S. inflation as it mulls another rate hike. Consumer prices rose 8.3% in August from a year earlier, data released on Sept. 13, 2022, shows. The increase comes despite efforts by the U.S. central bank to tamp down the rising cost of living by repeatedly upping baseline interest rates to slow the economy.

Soaring consumer prices aren't fading as quickly as hoped. The disappointing results sent stock and bond prices tumbling, fueled worries that the Federal Reserve will keep raising interest rates aggressively next week and stoked fears that the U.S. economy could slip into recession despite a strong jobs markets and falling gas prices.

—U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession. Some of the longtime drivers of higher inflation— spiking gas prices, supply chain snarls, soaring used-car prices— are fading. The Fed monitors core…

That's what happened Tuesday after the Labor Department reported that the prices we pay for goods and services rose in August. The news convinced Wall Street that the Federal Reserve would roll out another big interest rate hike when its policymaking committee meets next week— and that really killed the vibe in the stock markets. Hospitals and doctors offices…

On a monthly basis— the figures the Federal Reserve, the agency charged with fighting inflation, monitors most closely— consumer prices are predicted to have dropped 0.1% in August. Yet the signs that inflation might have peaked could bolster Democrats' prospects in the midterm elections and may already have contributed to slightly higher public approval…

Inflation is still at a multiple-decades high, and the Federal Reserve is being aggressive in its efforts to reduce it. Michelle Holder, associate professor of economics at the City University of New York and a senior fellow at the Washington Center for Equitable Growth, says the economic pain that comes with rising interest rates will impact Black and Latinx…

—The Federal Reserve will need to continue lifting its short-term interest rate to a level that restricts economic growth and keep it there for an extended period, a top Fed official said Wednesday. In her remarks to a banking industry conference, Fed Vice Chair Lael Brainard echoed similarly tough comments about inflation delivered by Chair Jerome Powell…

—Raging inflation has so scrambled the economy that it’ s come to this: If Friday’ s jobs report for August were to show a significant hiring slowdown, the Federal Reserve— and even the White House— would likely welcome it. The August jobs report will be issued at 8:30 a.m. Eastern time. Chair Jerome Powell and other Fed officials have increasingly stressed their…

Sep. 2— Taking stock of remote workers' productivity. New York state businesses see remote work sticking around— even if they don't always like the results. The Federal Reserve Bank of New York surveyed service sector and manufacturing firms about remote work, and how it is affecting them.

Marching in lockstep, the Democrats pushed a $700 billion spending bill through Congress, claiming it would reduce inflation. Independent analyses from the Congressional Budget Office, the Congressional Joint Tax Committee, and Penn/Wharton all show the badly misnamed Inflation Reduction Act would do little to nothing to stop the rate of increase in the…

The Federal Reserve's preferred measure of U.S. inflation fell for the first time in more than two years last month, data indicated Friday, suggesting consumer price pressures are beginning to ease amid tumbling gas prices and an improving labor market. The July core PCE Price Index rose 4.6% from last year, the lowest since October of last year, and just 0.1% on…