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If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
Finance
If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
By Will DanielOctober 18, 2023
The Fed looks set to hold interest rates steady next month, but there is ‘a very substantial risk’ it will hike them again later
Finance
The Fed looks set to hold interest rates steady next month, but there is ‘a very substantial risk’ it will hike them again later
By Craig Torres, Rich Miller and BloombergOctober 14, 2023
Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?
Commentary
Long-term interest rates are spiking. Could they deliver a recession–or are they a sign of strength for the U.S. economy?
By Philipp Carlsson-Szlezak and Paul SwartzOctober 12, 2023
Shopper
Finance
Inflation barely budged in September—but it’s still a ways off from the Fed’s magic 2% target
By Christopher Rugaber and The Associated PressOctober 12, 2023
Jerome Powell
Finance
High interest rates didn’t exactly work in September as wholesale inflation rose at the fastest pace since April
By Paul Wiseman and The Associated PressOctober 11, 2023
Philip Jefferson, vice chair of the Federal Reserve
Leadership
Fed may leave interest rates untouched at next meeting because surging bond yields are doing the bank’s work for it, two officials say
By Christopher Rugaber and The Associated PressOctober 10, 2023
Top economist calls hot jobs report good news for economy, bad news for markets: ‘Something is likely to break’
Finance
Top economist calls hot jobs report good news for economy, bad news for markets: ‘Something is likely to break’
By Carter Johnson and BloombergOctober 6, 2023
Jerome Powell
Finance
The greatest threat to the Fed’s ‘soft landing’ is actually the Fed. It’s ‘higher for longer’ interest rates are driving up bond yields and cracking the economy
By Christopher Rugaber and The Associated PressOctober 5, 2023
Jerome Powell, Kevin Schreiber
Finance
Jerome Powell gets an earful on the ground from small business owners, including the head of Sweet Mama’s Mambo Sauce
By Christopher Rugaber and The Associated PressOctober 3, 2023
A recession is still likely—and coming soon. Here are 6 reasons why
Finance
A recession is still likely—and coming soon. Here are 6 reasons why
By Anna Wong, Tom Orlik and BloombergOctober 1, 2023
Jeff Fuhrer
Finance
An official who spent 4 decades at the Fed says $2 trillion in annual reparations is the least we can do to fix systemic racism: ‘I just don’t want to wait for another generation’
By Nick Lichtenberg and Will DanielSeptember 30, 2023
Jerome Powell
Finance
Inflation, still a ways off from the Fed’s 2% target, is barely budging as one economist sees a ‘golden path’ developing
By Christopher Rugaber, Will Daniel and The Associated PressSeptember 29, 2023
Jamie Dimon, CEO of JPMorgan Chase, during a Bloomberg Television interview.
Finance
Jamie Dimon says Americans are on an economic ‘sugar high’—and he’s urging clients to batten down the hatches and prepare for rates to hit 7%
By Chloe TaylorSeptember 26, 2023
Jerome Powell
Finance
Why the Fed’s dovish stance on interest rates isn’t enough to start popping the champagne corks on inflation
By D. Brian Blank and The ConversationSeptember 24, 2023
Larry Summers says the Fed is ‘considerably too optimistic’ and risks surprises from fast inflation, weak growth—or both
Finance
Larry Summers says the Fed is ‘considerably too optimistic’ and risks surprises from fast inflation, weak growth—or both
By Christopher Anstey and BloombergSeptember 21, 2023
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