The U.S. economy is exceeding prognostications. True, the gross domestic product (GDP) expanded by an estimated annualized rate of 1.6% during the first six
The trade tensions between the United States and China have recently ratcheted up. The latest twist in the ongoing negotiations between the world’s two largest
The Federal Reserve is expected to reduce the benchmark short-term interest rate at this month’s Federal Open Market Committee (FOMC) meeting. The central bank
The Federal Reserve is signaling two additional quarter-point interest-rate reductions before year’s end. These would follow the first interest-rate cut in nine
Inflation is still running above the Federal Reserve’s target level of 2%. The Personal Consumption Expenditures (PCE) Price Index, the assessment of inflation
The Federal Reserve appears on track to resume cutting the benchmark short-term interest rate for its lending to banks at this month’s Federal Open Market
The July price data painted a mixed picture on inflation. On the positive side, the Consumer Price Index (CPI) was relatively in line with the consensus
The negative impact of tariffs on consumer prices has yet to be seen. True, the last mile in the Federal Reserve’s effort to bring inflation closer to its
The Federal Reserve held the federal funds rate steady, in the range of 4.25% to 4.50%, at its July monetary policy meeting. This marked the fifth-consecutive
Progress on the inflation front has stalled a bit. This was reflected in the June Consumer Price Index (CPI), which showed an uptick in the pace of price growth
The June employment report exceeded expectations. Indeed, the nation added an estimated 147,000 jobs last month, easily surpassing the consensus forecast of 110
Inflation increased modestly in May. The Personal Consumption Expenditures (PCE) Price Index, the assessment of inflation most closely watched by the Federal
