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☆ Markets tried to fight the Fed on rate cuts. It didn’t work
▼ + stars: | 2024-01-21 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Now there’s roughly a 50/50 chance that the Fed could either cut rates or hold them steady in March, according to futures. A few developments this past week tempered investors’ optimism, and now the possibility of a rate cut in March could be completely thrown out the window, according to economists. He echoed other Fed officials who’ve recently said that beginning to cut rates in March is just not realistic. In addition to officials’ comments, recent economic data also doesn’t bode well for a March rate cut. Markets are expecting twice as many rate cuts this year than what Fed officials themselves estimated in their latest economic projections released in December.

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☆ Inflation continues to rise, but 'the year-over-year numbers are pretty meaningless at this point,' says economist—what actually matters
▼ + stars: | 2023-09-13 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Inflation is on the rise again, but it may not be as bad for your wallet as it sounds. Here's what's happening: Driven by surging energy prices, the closely watched year-over-year inflation rate climbed from 3.2% to 3.7% in August, according to the Labor Bureau's latest consumer index report. That's still well above the Federal Reserve's target rate of 2%, so it remains a concern. However, the year-over-year rate should be taken with a grain of salt, as it no longer reflects the dramatic drop from peak prices in summer 2022. "The year-over-year numbers are pretty meaningless at this point," says Daniel Altman, chief economist at Instawork, an online staffing platform.

Persons: That's, Daniel Altman Organizations: Labor

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