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Search resuls for: "” Sarah House"


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☆ A bigger pool of American workers could continue to slow inflation even further
  + stars: | 2024-03-03 | by ( Bryan Mena | ) edition.cnn.com   time to read: +7 min
Now, as the Federal Reserve faces the final stretch of its historic inflation battle, a bigger pool of workers could slow inflation even further. That then begs the question: How much more can better labor supply slow inflation? The US Labor Department releases January figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of new applications for jobless benefits in the week ended March 2. China’s National Bureau of Statistics releases February inflation data.
Persons: Mary Daly, “, ” Sarah House, Michael Gapen, That’s, Jack Bantock, ’, ”, Richard Felton, Thomas, ’ ”, Patrick Harker, Ross, Nordstrom, Michael Barr, Campbell Soup, Foot, Jerome Powell, Loretta Mester Organizations: DC CNN, Federal Reserve, San Francisco Fed, National Association for Business Economics, Labor, CNN, Bank of America, White House’s Council, Economic Advisers, English Premier League, Chelsea, Burnley, Philadelphia Fed, Target, P Global, Institute for Supply Management, US Commerce Department, Abercrombie, Fitch, Financial Services, The Bank of Canada, US Labor Department, Broadcom, Costco, Eagle Outfitters, Potbelly, Banking, Housing, Urban Affairs, European Central Bank, Cleveland Fed, National Bureau of Statistics Locations: Washington, San, Wells, United States, London, JD.com, Kroger, Burlington, DocuSign
☆ Fed meeting walkup: Chair Powell expected to announce rates will hold steady
  + stars: | 2024-01-31 | by ( Bryan Mena | ) edition.cnn.com   time to read: +7 min
Washington, DC CNN —The Federal Reserve is widely expected to hold interest rates steady Wednesday for the fourth consecutive meeting, leaving them at a 23-year high as policymakers likely discuss the timing of rate cuts. That’s because, if inflation drifts lower but interest rates remain elevated, it causes “real” interest rates to rise, unnecessarily squeezing the economy and risking job losses. A rapidly weakening economy threatening mass job losses is an obvious reason to cut rates, which most economists aren’t currently forecasting. But another concern that has gained some traction is the rise of inflation-adjusted interest rates, which is an argument for rate cuts. The Fed is set to announce its latest policy decision at 2 pm ET on Wednesday, followed by a press conference from Chair Powell at 2:30 pm ET.
Persons: Jerome Powell’s, —, ” Sarah House, “, ”, Christopher Waller, it’s, Mary Daly, they’re, aren’t, Austan Goolsbee, Subadra Rajappa, Générale, Powell Organizations: DC CNN, Federal Reserve, Fed, CNN, ” San Francisco Fed, Fox Business, Chicago Fed, CNBC, PCE, Labor Department Locations: Washington, Wells, ” San
☆ US consumer prices continued to rise last month — but the Fed probably won’t raise rates
  + stars: | 2023-09-13 | by ( Bryan Mena | ) edition.cnn.com   time to read: +2 min
However, core inflation, which strips out volatile food and energy prices, continued to slow, according to data from the Bureau of Labor Statistics released Wednesday. On a month-to-month basis, prices rose 0.6% in August, compared with a 0.2% gain in July. Monthly core inflation rose by 0.3% in August, picking up significantly for the first time since February. The CPI’s gasoline index jumped 10.6% in August from the prior month, up sharply from the 0.2% gain in July. Gasoline prices are highly visible indicators of inflation, so more pain at the pump could also weigh on US consumers’ moods.
Persons: Sarah House Organizations: DC CNN, Bureau of Labor Statistics, Federal, AAA, CNN Locations: Washington, OPEC, Libya, Wells
☆ OPEC’s surprise production cut complicates the Fed’s fight against inflation
  + stars: | 2023-04-08 | by ( Bryan Mena | ) edition.cnn.com   time to read: +3 min
Energy prices across the globe surged last year when Russia invaded Ukraine, fueling global inflation just as the world’s major economies were beginning to rebalance after the pandemic. Now, with oil prices surging once again, headline inflation could remain elevated for longer or even rise. Even core inflation could be affectedWhile Fed officials consider multiple economic metrics in order to inform their decision making, one of their main points of focus is core inflation, which strips out volatile food and energy prices. However, higher oil prices can eventually push up core prices if they remain elevated for long enough. However, he acknowledged the eventual impact of higher prices.
☆ Wall St Week Ahead Inflation data, midterm elections loom for struggling U.S. stock rally
  + stars: | 2022-11-04 | by ( David Randall | ) www.reuters.com   time to read: +4 min
NEW YORK, Nov 4 (Reuters) - A sputtering U.S. stock rally faces a double-dose of potentially market moving events next week: U.S. midterm elections and inflation data that could influence the Federal Reserve's monetary policy. Consumer price data has driven huge market moves this year, as surging inflation forced investors to ramp up expectations for Fed rate hikes. A stronger-than-expected reading on Nov. 10 would likely bolster the case for the Fed to continue. "If we get lower inflation reading then you could get a relief rally based on that data,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. "The results of the midterm will give greater visibility and help draw investor confidence higher," he said.
☆ Health-Insurance Inflation Is Poised to Drop Sharply
  + stars: | 2022-10-25 | by ( Gwynn Guilford | ) www.wsj.com   time to read: 1 min
Health insurance has put upward pressure on the main measure of inflation, but is now swinging into reverse. This swing will act as a much-needed, albeit small, drag on inflation currently running at four-decade highs, economists say. “With the magnitude of each forthcoming Fed hike this year hanging heavily on the latest consumer-price index print, the swing in healthcare insurance’s steady contribution could help provide the ‘compelling evidence’ of inflation slowing on a consistent basis that the FOMC is looking for to ease up on its current pace of tightening,” Sarah House , senior economist at Wells Fargo said in an email, referring to the Federal Open Market Committee.
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