Fed Likely to Want Further Evidence of Inflation Slowdown

Fed Likely to Want Further Evidence of Inflation Slowdown

A slowdown in inflation last month, following recent indications of a robust labor market, complicates the Federal Reserve’s decision on how much to raise interest rates next month. Data on inflation and economic activity are likely to guide whether central bank officials lift their benchmark federal-funds rate by a half-percentage point or three-quarters of a … Read more

Goldman Sachs says it’s too soon for markets to be trading `a full Fed pivot’

Just ahead of Wednesday’s widely anticipated US consumer-price index report for July, a pair of Goldman Sachs analysts are warning the US’s near-term inflation picture “is likely to remain uncomfortably high” and that financial markets are “more vulnerable” to upside surprises than before. The reason is that, for the past month or so, markets have … Read more

Wage inflation, used car prices could jump higher: Jim Bianco

Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it. “I don’t see anything that will reduce the inflation rate. There are some things that might reduce prescription drug prices and maybe a couple of other … Read more

Fed’s Michelle Bowman Says Large Interest-Rate Rises Could Continue

A Federal Reserve official said the US central bank could follow two consecutive 0.75-percentage-point rate rises this summer with a third such increase at its meeting next month. Cool governor Michelle Bowman said she strongly supported the Fed’s 0.75-percentage-point rate increase last month and “similarly-sized increases should be on the table until we see inflation … Read more

What’s at Stake if the Federal Reserve Intervenes in Today’s Tight Labor Market

About the author: JW Mason is a professor of economics at John Jay College, City University of New York, and a fellow at the Roosevelt Institute. The labor market is exceptionally tight, at least by the standards of recent history. That matters for monetary policy, but its importance goes beyond inflation, or even material living … Read more

Is Stocks’ Resurgence Just a Bear-Market Rally?

Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Is the Bond Market Right? Market Commentary Cresset CapitalAug. 3: Higher [bond] yields earlier this year drove equity prices lower, while the bond market’s recent optimism fueled the July rally. While the equity … Read more

What ‘Dr. Doom’ Says About Today’s Stock Market

For some of us of a certain age, an event from four decades ago is often recalled more vividly than what happened four weeks or even four days ago. Such is the case with Aug. 17, 1982. It arguably marked the birth of the great bull market in stocks, which stretched into the next century. … Read more

What ‘Dr. Doom’ Says About Today’s Markets

For some of us of a certain age, an event from four decades ago is often recalled more vividly than what happened four weeks or even four days ago. Such is the case with Aug. 17, 1982. It arguably marked the birth of the great bull market in stocks, which stretched into the next century. … Read more

Stocks Close Mixed as Earnings Roll In

US stocks wavered in Thursday afternoon trading as investors considered a fresh batch of corporate earnings reports and the number of Americans applying for unemployment benefits increased. The S&P 500 fell 0.1%, a day after jumping 1.6%. The technology-focused Nasdaq Composite rose 0.4% and the Dow Jones Industrial Average dipped 0.3%.

Opinion: Four fairy tales that stock market investors and economic policy makers are telling themselves

LONDON (Project Syndicate)— Do you believe in fairy tales? If so, you could probably earn good money nowadays as a financial trader or gain power and prestige as a central banker. While annual inflation in the United States, the eurozone, and the United Kingdom has soared to 40-year highs and will probably hit double digits … Read more