Updates – Monetary Policy

US Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike

March 15th, 2023|

Augusta Saraiva BloombergMarch 14, 2023 Underlying gauge rose 0.5% in February, most in five months Shelter accounted for more than 70% of overall monthly gain Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmoil in their next

Powell’s Legacy Risks Being Tarnished Further by SVB Collapse

March 15th, 2023|

Rich Miller BloombergMarch 15, 2023 Fed faulted for not heading off troubles at the bank Former Fed Governor Tarullo calls it a ‘supervisory failure’ The collapse of Silicon Valley Bank threatens to further besmirch the reputation of Federal Reserve Chair Jerome Powell, on top of the blemish he’s suffered for being slow to recognize the risk of

US Producer Prices Unexpectedly Fall, Signaling Easing Pressures

March 15th, 2023|

Reade Pickert BloombergMarch 15, 2023 US producer prices unexpectedly declined in February, pointing to an easing of cost pressures in corners of an economy still battling the highest inflation in a generation. The producer price index for final demand fell 0.1% from the prior month and increased 4.6% from a year earlier, according to data out Wednesday

US Job Openings Surge Past 11 Million as Fed Zeros In on Labor

February 1st, 2023|

Molly Smith BloombergFebruary 1, 2023 December increase in vacancies led by leisure and hospitality Ratio of openings to unemployed climbed to near-record 1.9 Vacancies at US employers unexpectedly increased at the end of 2022, illustrating a solid appetite for labor that the Federal Reserve sees as one of the last hurdles to bring down inflation.

After $18 Trillion Rout, Global Stocks Face More Hurdles in 2023

January 11th, 2023|

Thursday, December 29, 2022 09:00 PMSource: Bloomberg by Jan-Patrick Barnert Recession, rate hikes risk spurring earnings slowdown in 2023 - Question marks remain over how Big Tech and China will fare. More tech tantrums. China’s Covid surge. And above all, no central banks riding to the rescue if things go wrong. Reeling from a record

BlackRock, Fidelity Warn Inflation Is Being Underestimated Again

January 11th, 2023|

Tuesday, January 10, 2023 12:00 AMSource: Bloomberg by Eva Szalay Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago. The stakes are immense after (During 2022) Wall Street almost unanimously

Fed’s High Inflation Forecast Baffles Wall Street After Soft CPI

December 16th, 2022|

Matthew Boesler BloombergDecember 16, 2022 ‘Extremely strong December numbers’ implicit in new projection Officials may not have updated numbers after Tuesday CPI data The Federal Reserve’s updated economic projections this week appeared to incorporate an assumption that raised eyebrows: inflation would prove resurgent at the end of this year. The quarterly projections showed Fed officials

US INSIGHT: 72 Models Show 1 Part of Price Fight Going Fed’s Way

December 12th, 2022|

David Wilcox BloombergDecember 11, 2022 From the early days of the inflation outbreak in 2021, analysts and policymakers have feared that if rapid price gains persisted more than a few months, expectations might become unanchored, making the job of bringing actual inflation back down to 2% more difficult. Bloomberg Economics has run 72 models to

US Inflation Will Be Much Lower by End of 2023, Yellen Says

December 12th, 2022|

Jill Disis BloombergDecember 12, 2022 Yellen says she is ‘hopeful’ the labor market will be healthy CPI expected to have slowed to 7.3% in November: economists US Treasury Secretary  Janet Yellen says inflation will be much lower by the end of next year, as long as there are no unanticipated shocks to the economy. “I

Go to Top