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Economists like to say the cure for high prices is high prices. In other words, consumers eventually start to hold back on spending when they are faced with increasing costs. On Monday, the New York Federal Reserve reported that consumers' three-year inflation outlook hit a record low. Many economists credit the Federal Reserve's decision to raise interest rates starting in the spring of 2022 with helping to curb the upswing. It is that last factor that the Federal Reserve is keenly focused on.

Persons: “, Andrew Jassy, Wells Fargo, Mark Hamrick, ” Organizations: of Labor Statistics, Federal Reserve's, New York Federal Reserve, Federal, Fed, BLS, Gallup, Federal Reserve Locations: U.S, York

☆ Nvidia swings again — plus, an industrial name tied to the data center boom gets an heir-apparent
▼ + stars: | 2024-08-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, It's, Blackwell, Nvidia's, Eaton, Paulo Ruiz, Ruiz, Craig Arnold, Arnold, We're, Stanley Black, Decker, Jim Cramer's, Jim Organizations: CNBC, Treasury, Nvidia, UBS, Club, Fed, PPI, Jim Cramer's Charitable Locations: York

☆ Why Americans' confidence in finding a new job is tanking even as the labor market is humming along
▼ + stars: | 2024-05-18 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Why Americans might be getting worried about the job marketIn some ways, Americans' growing pessimism in the job market is perplexing. That's because the job market has become more challenging than it was a couple of years ago, when the Great Resignation was at its peak. So, it's possible that some Americans in certain industries are facing a job market where openings are far from abundant. For example, there's some evidence that the job market for high-wage roles has cooled over the past year. Julia Pollak, the chief economist at ZipRecruiter, told Business Insider earlier this month after April's labor market figures were released by the Bureau of Labor Statistics that it is "no longer a white-hot labor market" or a job "candidate's market in every industry where workers can get whatever they want."

Persons: —, they'd, hasn't, What's, Joanne Hsu, Julia Pollak Organizations: Service, York Fed's Survey, Consumer, Business, NY, of Labor Statistics, Bureau of Labor Statistics, New, Fed, LinkedIn, NY Fed, University of, Labor Locations: York

☆ Americans with a college degree say they'd need at least a $100K salary to change jobs. But roles that pay in that range are getting harder to find.
▼ + stars: | 2024-05-14 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

As of the most recent March data, the average reservation wage for Americans with a college degree rose to a survey-high of $99,081, up from $97,270 in March 2023 and $81,758 in March 2020. It means that not as many Americans are landing new jobs that pay in the six-figure range. The average reservation wage for people without a degree was $68,390, up from $59,683 in March 2023 and $48,778 in March 2020. The average reservation wage among all respondents was $81,822, up from $75,811 and $61,377 in March 2020. AdvertisementAre you struggling to find a six-figure job?

Persons: —, it's Organizations: Service, York Fed's Survey, Consumer, Business, Bureau of Labor Statistics, of Labor Statistics, New, New York Fed Locations: York, New York

☆ Nearly everyone has given up on their recession call, and that makes the outlook 'dangerously reminiscent' of 2007, SocGen says
▼ + stars: | 2024-03-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Recession views are dangerously similar to those in 2007, SocGen's Albert Edwards said. Soft landing or no landing outlooks are growing on Wall Street as the US appears on solid economic footing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Those signs appear lost on many other market commentators, who have dialed back their recession views in the last few months. "All this is (dangerously) reminiscent of 2007, when all around were telling me I was wrong and should give up calling that much-delayed recession," he later added.

Persons: SocGen's Albert Edwards, Edwards, —, Société, Albert Edwards, That's, Doom, Nouriel Roubini Organizations: Service, Chicago, York Fed's Survey, Consumer, National Federation of Independent Business, National Association of Business, Fed, Investor Locations: York

☆ Fears over access to credit hit highest level in more than a decade, New York Fed survey shows
▼ + stars: | 2023-09-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The results were part of the New York Fed's Survey of Consumer Expectations for August. Fears of credit access have been rising steadily since early 2022, around the same time that the Fed began raising interest rates. While the Fed worries over higher prices, the inflation outlook was mixed. Expectations for inflation one year and five years out rose just 0.1 percentage point on the month, taking them respectively to 3.6% and 3%. That comes with an unemployment rate of just 3.8%, or 0.1 percentage point above its year-ago level.

Organizations: New York Federal Reserve, York Fed's Survey, Fed Locations: New, York

☆ NY Fed report shows near-term inflation expectations retreating sharply
▼ + stars: | 2023-03-13 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

Meanwhile, the expected level of inflation three years from now held steady at 2.7%, matching the level last seen in October 2020, while expected inflation five years from now was seen hitting 2.6%, up from January's 2.5%. The New York Fed survey arrived just ahead of the Fed's March 21-22 policy meeting. The New York Fed report was conducted ahead of the SVB situation and does not reflect its impact. Households last month saw declining price pressures for gasoline, food, rent, medical care and college. But the New York Fed noted that last month's reading remains well below the 12-month average of an expected 3.4% rise in home prices.

☆ Important inflation data and big bank earnings could create volatility for markets in week ahead
▼ + stars: | 2023-01-06 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Other speakers include Atlanta Fed President Raphael Bostic Monday. On Thursday, Philadelphia Fed President Patrick Harker, Richmond Fed President Tom Barkin and St. Louis Fed President Bullard all speak at separate events. Minneapolis Fed President Neel Kashkari and Boston Fed President Susan Collins have appearances Friday. The most important inflation report in the week ahead is the consumer price index, released Thursday. Import prices 10:00 a.m. Consumer sentiment 10:00 a.m. Minneapolis Fed President Neel Kashkari 10:20 a.m. Philadelphia Fed's Harker 9:00 a.m. Boston Fed President Susan Collins

☆ The Fed is dragging the US into a recession to cool surging prices. Most Americans expect inflation to die down on its own.
▼ + stars: | 2022-09-27 | by ( Ben Winck | ) www.businessinsider.com time to read: +5 min

Inflation expectations have been falling since the spring, signaling there's little chance of a 1980s-like price surge. Inflation expectations may seem like simple forecasts, but their effects on the economy can be dramatic. Anchored inflation expectations can put downward pressure on price growth as consumers reject large price hikes and businesses are pushed to compete with each other. Powell on Wednesday pointed to well-anchored inflation expectations as a boon, but noted the trend "is not grounds for complacency." "The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched," the chair said.

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