Here are minutes from the September Federal Open Market Committee (FOMC) policy meeting: The manager turned first to a review of developments in financial markets over the intermeeting period. U.S. data releases generally pointed to greater economic resilience than previously thought, and the reaction in market pricing implied both a higher expected trajectory for the […]
Federal Reserve
Bidenomics: 41% of U.S. households say they are financially worse off than a year ago, New York Fed’s SCE shows
Are you better off now than you were a year ago? According to the Federal Reserve Bank of New York’s (FRBNY) Survey of Consumer Expectations (SCE), more than 41 percent of U.S. households say they are financially worse off than a year ago in September, up from 40 percent in August. By comparison, just 18 […]
WATCH: Fed Chair Jerome Powell’s post-FOMC policy meeting press conference
You can watch Federal Reserve Chair Jerome Powell’s post-Federal Open Market Committee policy meeting press conference here:
The Federal Reserve’s Summary of Economic Projections
The Federal Reserve voted to leave interest rates unchanged at a 22-year high of 5.25 percent and 5.5 percent. But the central bank indicated one more rate hike before the year is finished. Here is a look at changes made in the September Summary of Economic Projections (SEP):
Money supply reaccelerates as U.S. inflation pressures revived
What a coincidence! For the past two months, inflation has been reaccelerating. In August, the annual consumer price index (CPI) climbed to 3.7 percent, and the producer price index (PPI) swelled to 1.6 percent. It is quite likely that the September inflation readings will come in hot again. But while all the focus has been […]