Fed lesson today: Don’t count your interest rate cuts before they hatchet
Stocks, bonds, and President Donald Trump were disappointed today when the Federal Reserve left interest rates alone and said that low inflation could be transitory. There's no reason to either raise or lower interest rates at the moment, Fed chair Jerome Powell said...
Has President Trump talked himself into a box with his Fed criticism?
The Federal Reserve speaks today at 2 p.m. on inflation, interest rates, and the economy. Ahead of our efforts to parse the prose, it's worth taking a minute to think about the likelihood that President Donald Trump's very public criticism of the Fed has molded the...
More of the same in today’s economic data: low inflation, good growth in consumer spending, but lagging incomes
Put today's numbers on the economy together with those in Friday's first quarter GDP report and the picture that emerges is of a U.S. economy growing at s very solid rate with declining inflation. But where the trends on consumer incomes and spending suggest, maybe,...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... to be drowning in economic data. The Federal Reserve's Open Market Committee meeting on Wednesday, May 1, isn't even the high point of the data week. The U.S. central bank is expected to keep interest rates unchanged so it's Chair Jerome Powell's press conference...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... a relatively muted week for economic data--Consumer Price Index inflation on Wednesday (expected core inflation of 0.2% for the month vs 0.1% last month) and initial claims for Unemployment on Thursday (forecast 212,000 versus 202,000 in the prior week)--will let...
Trick or trend: White House new pick for the Fed continues effort to politicize central bank
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. President...
Core CPI inflation up 2.2% year over year
For January, headline Consumer Price Index (CPI) inflation was unchanged, thanks to falling oil prices-the energy component of the index was down 3.1% for the month. The Core CPI, which excludes more volatile food and energy prices and is closer to the PCE inflation...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... everything in the way of economic news to get crammed into Thursday and Friday after a quiet start to the week. On Thursday, investors and traders get news on initial claims for unemployment (How strong is the job market?), the purchasing managers index for the...
Inflation numbers today continue to point to Federal Reserve interest rate increase on December 19
The core Consumer Price Index (CPI), a broad inflation measure that excludes volatile Food and energy prices, rose 0.2% in November from October. This core inflation rate is now up 2.2% over the last 12 months, an increase from a 2.1% rate in October, according to the...
Another sign of coming inflation to worry the Federal Reserve
The 3.1% year over year growth in average hourly wages reported for October is, by itself, enough to convince the Federal Reserve that an increase in inflation, long awaited with concern, is visible on the horizon. Today's jump in the Producer Price Index (PPI) for...
Savings rate dips in September; PCE inflation matches Fed target
The savings rate dipped in September, the Commerce Department reported this morning. Americans. Americans saved 6.2% of their disposable income, the lowest level since 2013. Incomes grew by just 0.2%, the weakest in more than a year. That's not good news considering...Jim’s Stock Alerts
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