Fed holds rates steady as rebound in inflation hampers progress
Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July.
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Job openings fall to a three-year low as manufacturing softens
Job openings in March plunged to 8.49 million, the lowest level in three years, according to the Bureau of Labor Statistics on Wednesday.
Labor costs rise, complicating Fed’s decision on rate cuts
The employment cost index rose by 1.2% in the first quarter, up from 0.9% previously, while the year-over-year growth stayed elevated at 4.2%.
American consumers continue to spend despite sticky inflation
Spending remained strong in March on the heels of robust income growth despite sticky inflation, according to Commerce Department released on Friday.
GDP growth slows to 1.6% in first quarter, exaggerated by volatile trade and inventory data
Overall growth in U.S. gross domestic product fell to 1.6% in the first quarter, but the slowdown was exaggerated by volatile trade and inventory data, which provided a 1.2% drag on overall activity.
U.S. retail sales show surprising resilience
Total retail sales jumped 0.7% on the month, while February's number was revised up to 0.9% from 0.6%.
U.S. consumer sentiment falls as inflation stays sticky
The University of Michigan's consumer sentiment index fell to 77.9 in April from 79.4, according to data released on Friday.
One year later: 5 areas of regulatory focus since 2023 bank failures
In the aftermath of the liquidity-related bank failures in March 2023, regulatory agencies and leaders have released numerous updates on supervisory expectations and calls for additional regulation.
Fed holds rates steady as it implies three rate cuts in 2024
The primary takeaway from the Federal Open Market Committee's policy statement and forecast is that the Fed, along with other major central banks.
Inflation expectations remain remarkably well anchored
The inflation shock of the past three years is abating. One reason is that expectations of future inflation continue to remain remarkably well anchored.
The price of eggs and the effect on public sentiment
With the economy growing at a healthy rate over the past year, one would think that Americans would be celebrating a boom.
Geopolitical tensions and risks to the inflation outlook
Just as inflation appeared to be getting under control in recent months, rising tensions in the Middle East have shaken this view and now represent the major risk to our economic and inflation outlooks.
Service sector continues to grow in February
The service sector continued to grow in February for the 14th straight month, according to the Institute for Supply Management on Tuesday.
Commercial real estate faces new financing landscape
Institutional investors seek quality and value amid a challenging commercial real estate market.
Builders look to capitalize on cautiously optimistic U.S. housing market forecast
Easing interest rates and other factors signal a potential housing market rebound.
How real is the wealth effect in a bull market?
Using a back-of-the-envelope calculation, we estimate that the sharp rebound in equities last year contributed to an increase of roughly $900 billion in households' stock wealth, or $288 billion in consumer spending.