federal reserve

PCE Data Show Another Drop in Fed’s Preferred Inflation Gauge

Text size The Fed is closely watching tightness in the labor market as a barometer for the health of the US economy. Above, a Chick-fil-A worker in Texas. Brandon Bell/Getty Images The Federal Reserve’s preferred measure of inflation rose 4.4% annually in December, down from 4.7% in November, the latest sign that the era of …

PCE Data Show Another Drop in Fed’s Preferred Inflation Gauge Read More »

Here are the latest tech layoffs as the industry shudders

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. In the past month alone tech companies have cut nearly 50,000 jobs, reversing a hiring spree that surged during the pandemic as millions of Americans moved their lives online. Google-parent Alphabet is the latest to slash its …

Here are the latest tech layoffs as the industry shudders Read More »

Gold’s rally will continue into 2023, these 3 indicators reveal why – Alain Corbani

Despite its lackluster performance in 2022, gold has recently seen a surprise rally, with its price rising 16.9 percent over the past three months. This rally will continue into 2023, according to Alain Corbani, Portfolio Manager at the Gold & Precious Fund. Corbani, who has three decades of experience in …

Gold’s rally will continue into 2023, these 3 indicators reveal why – Alain Corbani Read More »

Fed Chair Powell Silent As Bond Markets See Recession, Rate Cuts

Often, it’s what isn’t said that deserves the most attention. Federal Reserve Chairman Jerome Powell’s decision to sidestep the issue of inflation and rate hikes during a central banking conference in Stockholm this week, as markets bet against his previous hawkish signals, may prove as pivotal as his late August speech in Jackson Hole when …

Fed Chair Powell Silent As Bond Markets See Recession, Rate Cuts Read More »

Why the risk of US recession is on the rise, according to Fed research

The risk of a nationwide recession is rising in states across the US, according to new research released by the Federal Reserve this week. A total of 27 US states are showing signs of faltering economic activity, according to researchers at the St. Louis Fed. The agency’s report cited data tracked in the Philadelphia Fed’s …

Why the risk of US recession is on the rise, according to Fed research Read More »

The Fed is playing with fire with its continued interest-rate hikes

The stock market’s thumbs down to last week’s Federal Reserve policy meeting should serve as a stark reminder to the Fed of the serious financial-market risks it’s running by clinging to its hawkish monetary-policy stance. By committing itself to continued interest rate hikes even as the economy is moving toward recession, the Fed is inviting …

The Fed is playing with fire with its continued interest-rate hikes Read More »

Fed’s 2 percent inflation target comes under fire from lawmakers, Wall Street

The Federal Reserve’s 2 percent target rate for consumer inflation is coming under scrutiny from economists, lawmakers and investors, who are all expressing doubts not only about whether 2 percent inflation is desirable in the post-pandemic economy but if it’s even possible. I doubt that the [Federal Reserve] alone can get us below about 4 …

Fed’s 2 percent inflation target comes under fire from lawmakers, Wall Street Read More »