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Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department. Excluding sales of gas and autos, retail sales ticked up 0.1%. “The October retail sales report was stronger than expectations, but confirmed a slowdown in consumption,” Ellen Zentner, chief U.S. economist at Morgan Stanley, wrote in a note to clients. Restaurants and bars reported a 0.3% sales increase, though that was much lower than September's 1.6% gain. The government’s monthly retail sales report offers only a partial look at consumer spending; it doesn’t include many services, including health care, travel and hotel lodging.

Persons: “, ” Ellen Zentner, Morgan Stanley Organizations: Commerce Department, Consumer, Walmart, Target, Federal Reserve, National Retail Federation Locations: U.S, Europe, United States

☆ Target CEO signals a halt to revenge spending and delays in impulse buys
▼ + stars: | 2023-11-15 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTarget's CEO said Wednesday that customers are continuing to make more tradeoffs in their family budgets and delay some spending. The lower price-points are meant to inspire more of the unplanned purchases that make a Target run a Target run. "This year, we've seen more and more consumers delaying their spending until the last moment," Cornell said. "It all puts pressure on discretionary spending."

Persons: —, Brian Cornell, Christina Hennington, we've, Cornell, Anna Wong Organizations: Service, Bloomberg Economics, Target

☆ Cramer says these 4 stocks will benefit from the end of Fed's rate-hiking cycle
▼ + stars: | 2023-11-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We've been big fans of what [Fed Chair] Jay Powell is doing and staying the course and our portfolio reflects that," Jim Cramer said Tuesday. 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.

Persons: Jim Cramer, Stocks, We've, Jay Powell, Stanley Black, Decker, Morgan Stanley, James Gorman, they've, They're, Jim, We're, Jim Cramer's Organizations: CNBC, Federal, Treasury, Procter, Gamble, Nvidia, TJX Companies Locations: Homegoods

Compared with 12 months ago, consumer prices rose 3.2% in October, down from the 3.7% rise in September and the smallest year-over-year increase since June. Measured year over year, core prices rose 4% in October, down from 4.1% in September, the smallest rise in two years. They have continued to fall into November, suggesting that cheaper energy could hold down inflation this month as well. Political Cartoons View All 1244 ImagesGrocery store prices rose 0.3% last month and 2.1% from a year earlier. Even with the smaller increase, rental and housing costs accounted for two-thirds of the increase in core inflation compared with a year ago.

Persons: Bill Adams, Jerome Powell, Powell, “, Adams, ”, Eric Winograd Organizations: WASHINGTON, Labor Department, Comerica Bank ., Fed, Dow, AB Global Locations: United States

☆ Powell made a big statement this week after bond yields slid. Here’s why
▼ + stars: | 2023-11-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

The swift rise in long-term US Treasury yields over the past few months caused headaches for investors by dragging many of their portfolios down. Bond yields, namely the yield on the 10-year Treasury note, dictate the interest rates on credit cards, mortgages and auto loans. Fed Chair Jerome Powell addressed that at this month’s post-meeting press conference, saying he couldn’t pinpoint exactly why yields rose so much in recent weeks. Hours before Powell’s post-meeting remarks, bond yields plunged following the Treasury Department’s quarterly refunding announcement. That’s as opposed to letting bond yields do the Fed’s work for it.

Persons: Jerome Powell, “, Powell, Kathleen O’Neill Paese, Louis Fed, ”, Powell’s, Wall, John Madziyire, Joe Kalish, Ned Davis, Kalish, ” Powell, Celal, That’s Organizations: New, New York CNN, Federal Reserve, Treasury, Fed, Vanguard, Ned, Ned Davis Research, CNN, ” Bank of America, International Monetary Fund, Getty, Bank of America Locations: New York, Washington ,, Anadolu

“So many more people have credit cards now.”Wise says the main thing to watch for is how strapped consumers are in their overall financial condition. There are signs the consumer may still have a little left in the tank. And speaking of tanks, gas prices have been coming down, a move that will free up a little more money for consumers to spend. And this occurred while consumers repeatedly tell surveys they are feeling gloomy and pessimistic about the state of the economy. The pace of increase in consumer prices has fallen from around 9% annually in the summer of 2022 to under 4% now.

Persons: ”, Donghoon Lee, “, TransUnion, TrasnUnion, Charlie Wise, ” Wise, we’ve, ” Patrick De Haan, De Haan, Lisa Sturtevant, Goldman Sachs, Jan Hatzius, Joseph Brusuelas, Tuan Nyugen Organizations: Federal Reserve Bank of New York, New York Fed, TransUnion, “, MLS, Federal, ” Goldman, Adobe Locations: U.S, California

He ordered up an economic analysis and spoke to company officials about the plant, according to White House officials. On Thursday, Biden will visit Belvidere to showcase that same auto plant, which has reopened as part of the settlement of a targeted strike by the United Auto Workers union. O'Malley Dillon said the UAW contracts and the auto plant reopening reflect a larger focus on workers by the president. The contracts, if approved by 146,000 union members in the coming weeks, would dramatically raise pay for auto workers. Top assembly plant workers would earn roughly $42 per hour.

Persons: Joe Biden, Biden, he's, ”, Jen O’Malley Dillon, White, O'Malley Dillon, Donald Trump, Gene Sperling, Trump, Shawn Fain, J.B . Pritzker, Stellantis Organizations: WASHINGTON, Biden, White, United Auto Workers, Dodge, UAW, Labor, White House, Illinois Gov, Motors, Ford, Republican Locations: Chicago, Belvidere, China, United States

☆ 'Shark Tank' star Kevin O'Leary warns of a 'downsized America' as rising prices and loan payments force consumers to cut back
▼ + stars: | 2023-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Households are being hit hard by inflation and higher interest rates, Kevin O'Leary says. AdvertisementAdvertisementHe said the retailer's customers are "getting killed," adding: "They can't afford to fill their cars with gas. They can't afford to put a good meal on the table for their families. They can't afford their rent. They can't afford their insurance."

Persons: Kevin O'Leary, —, O'Leary, that's, Bernie Marcus, Richard Drew, Marcus Organizations: Service, Fox News, Federal Reserve, Depot, Fox

☆ Morning Bid: Oil-fueled rally turns to Powell
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +5 min

[1/2] Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. And that's hit home by dragging U.S. pump prices down to levels not seen since March. Overall, U.S. 10-year yields remained on the back foot at 4.57% first thing and ahead of Wednesday's auction. Although Asian and European stocks fell back a bit, Wall St stock futures were unchanged before the bell. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jerome Powell, Kevin Lamarque, Mike Dolan, who's, Christine Lagarde, Andrew Bailey, Michelle Bowman, Austan Goolsbee, Christopher Waller, BoE, Ping, Donald Trump, White, Philip Jefferson, Michael Barr, Lisa Cook, John Williams, Joachim Nagel, Walt Disney, Ralph Lauren, Toby Chopra Organizations: Federal Reserve, Federal, Committee, REUTERS, Mike Dolan Wall, European Central Bank, Bank of England, Atlanta, Fed, Chicago Fed, St, Reuters, Ping An Insurance, HK, New York Fed, Warner Bros Discovery, MGM Resorts, Biogen, Energy, Treasury, Federal Reserve Bank of New, Thomson Locations: Washington , U.S, U.S, Gaza, Tokyo, Ohio, Kentucky, Brussels, Federal Reserve Bank of New York

☆ Stocks look pricey, the economy is showing cracks, and the Fed is an enemy to markets, says deputy chief investor of a $96 billion money manager
▼ + stars: | 2023-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Jeffrey Sherman touted bonds over stocks and flagged signs of weakness in the US economy. DoubleLine's deputy chief investor told Insider the Federal Reserve is an "enemy to everything." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementBonds are more enticing than stocks, the US economy is showing cracks, and the Federal Reserve is an enemy to investors, according to Jeffrey Sherman. He warned investors against trusting the central bank to balance inflation and growth while also shoring up asset prices.

Persons: Jeffrey Sherman, Sherman, —, Jeffrey Gundlach's, TCW, scrambles Organizations: Reserve, Service, Federal Reserve, Bank, Fed

☆ FICO reports higher Q4 profit on strength in scores, software businesses
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - Fair Isaac (FICO.N), a data and analytics company better known as FICO, reported higher profit for the fourth quarter on Wednesday, helped by strong performance of its scores and software businesses. The company scores segment's revenue jumped 12% to $195.6 million from $174.1 million a year earlier, driven by pricing increases. Revenue from the software unit, which sells analytics and data technologies to businesses, rose 11% to $194.2 million compared with $174.7 million a year earlier. The company reported net income of $101.4 million, or $4.01 per share in the quarter, compared with $90.7 million, or $3.55 per share, a year earlier. Fair Isaac posted revenue of $389.7 million for the three months ended Sept. 30, compared with $348.7 million a year earlier.

Persons: Isaac, FICO.N, Manya Saini, Niket, Krishna Chandra Organizations: Revenue, Thomson Locations: Bengaluru

☆ NY Fed: US Q3 credit card debt up on strong economy, as credit woes tick higher
▼ + stars: | 2023-11-07 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

A credit card is used on a payment terminal at a shop near Nantes, France, in this illustration picture taken November 6, 2023. The New York Fed report found credit issues are rising, albeit from low levels. The report said increases in credit card delinquency rates were most pronounced for thirtysomething borrowers. “The continued rise in credit card delinquency rates is broad-based across area income and region, but particularly pronounced among millennials and those with auto loans or student loans,” the economist noted. Line chart with data from the Federal Reserve Bank of New York show credit card and auto loans delinquencies for over 30 days.

Persons: Stephane Mahe, there's, Donghoon Lee, “, Daniel Silver, Morgan, Lisa Cook, Michael S, Andrea Ricci, Jonathan Oatis Organizations: REUTERS, Federal Reserve Bank of New York, New York Fed, New, Fed, The New York Fed, New York Federal Reserve, Federal Reserve Bank of New, New York, Thomson Locations: Nantes, France, The, U.S, Federal Reserve Bank of New York, New

☆ Americans’ debt levels — and delinquencies — are on the rise
▼ + stars: | 2023-11-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

The increases in credit card delinquency were the sharpest among borrowers in the range of 30 to 39 years old, according to the New York Fed. Newly delinquent auto loan balances continued to climb, as well, with transitions into serious delinquencies hitting 13-year highs, survey data showed. Still, thanks mostly to higher-quality mortgage loans, overall delinquencies remain below pre-pandemic levels, New York Fed researchers said. Credit card balances, which in the second quarter surpassed the trillion-dollar mark for the first time, continued to grow at historic rates. This year is on pace to have the lowest origination values since 2014, New York Fed data shows.

Persons: ”, Donghoon Lee, “, Mortgage originations Organizations: Minneapolis CNN, Federal Reserve Bank of New, New York Fed, ” New York Fed, Mortgage Locations: Minneapolis, New, New York

☆ Americans notched the biggest annual increase in credit card debt on record last quarter
▼ + stars: | 2023-11-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

New York Fed economists said Tuesday US credit card balances grew $48 billion in the third quarter. AdvertisementAdvertisementEconomists at the New York Federal Reserve said Tuesday Americans' credit card balances grew by $48 billion in the third quarter, or about 4.7%, with the total amount reaching $1.08 trillion. Credit card debt hit $1 trillion for the first time ever this past summer. "But credit card delinquencies continue to rise from their historical lows seen during the pandemic and have now surpassed pre-pandemic levels." Close to 9.5% of credit card balances were more than 90 days delinquent last quarter, up from 8% in the second quarter and 7.6% during the third quarter of last year.

Persons: — Organizations: Service, New York Federal Reserve, New York Federal, New York Fed

Your debt-to-income ratio is the percentage of your monthly income that goes toward debt payments. Besides looking at your credit score, payment history, assets, and cash flow, they also consider your debt-to-income ratio. Debt-to-income ratio (DTI) is the percentage of your monthly gross income that goes toward paying existing debts. You can have a DTI ratio as high as 43% and still get approved for a mortgage, though Rose says lenders would ideally like to see a total DTI ratio of 36% or less with 28% going toward housing expenses (front-end DTI). Debt-to-income ratio frequently asked questionsIs 50% a good debt-to-income ratio?

Persons: Scott Bridges, Rose, Jeff Rose

☆ The nonstop sparring match between Justice Samuel Alito and Solicitor General Elizabeth Prelogar
▼ + stars: | 2023-11-06 | by ( Joan Biskupic | ) edition.cnn.com time to read: +16 min

CNN —Justice Samuel Alito is the tip of the spear for conservatives challenging the Biden administration during oral arguments at the Supreme Court. Solicitor General Elizabeth Prelogar is the Biden administration’s top lawyer at the court, defending the policies that are the source of much of Alito’s consternation. “I think our best example historically is the Customs Service,” Prelogar responded. The Biden administration was backing admissions practices that considered students’ race as a factor in admissions to achieve campus diversity. “No, Justice Alito,” Prelogar said.

Persons: Samuel Alito, Biden, He’s, Elizabeth Prelogar, Alito, Prelogar, Ronald Reagan, George H.W, Bush, George W, Sandra Day O’Connor, ” Prelogar, Ruth Bader Ginsburg, Elena Kagan, Robert Mueller, Joe Biden, –, ” Alito, “, ”, John Roberts, Roberts, I’m, It’s, ” Alito interjected, ’ Jeffrey Wall, Trump, …, Wall, We’re, Justice Alito, Juliet, Friar Laurence, Brett Kavanaugh, Ketanji Brown Jackson, Friar, Taylor Swift, Friar Lawrence, “ I’m Organizations: CNN, Supreme, Princeton, Yale Law School, Department of Justice, Emory University, Harvard Law School, Miss, ahs, Senate, Republicans, Democrats, Consumer Financial, Federal Reserve System, Customs Service, Biden, FDA, OSHA, Occupational Safety, Health Administration, Harvard, University of North, America, United States, Fair, Shakespeare Theatre Company, Verona Locations: Trenton , New Jersey, New Jersey, Boise , Idaho, Miss Idaho, University of North Carolina, America, ”, Verona, Washington

☆ Meet 4 newly promoted Goldman MDs, including a top advisor to Silicon Valley's VCs and the investment bank's talent whisperer for boards
▼ + stars: | 2023-11-06 | by ( Emmalyse Brownstein | Dakin Campbell | ) www.businessinsider.com time to read: +10 min

Last week, Goldman Sachs inducted 608 employees into its exclusive "MD" club. But the investment bank still made a strong showing. Close to half of the new MDs work for Goldman's all-important global banking and markets (GBM) division, which houses the investment bank. Plus, it's one step removed from partner, which is the highest title at the prestigious investment bank below the C-Suite. Last week, she was one of the 186 women to be promoted to managing director at Goldman Sachs.

Persons: Goldman Sachs, David Solomon, Goldman, There's, Chuck Schumer, Michael Bloomberg, Ilana Wolfe, Goldman Sachs Ilana Wolfe, Goldman who's, Wolfe, Stephanie Cohen, what's, She's, Fereshteh Abbasi, wasn't, Fereshteh Abbabi, Abbabi, Abbasi, I've, Matt Margolin Goldman Sachs Matt Margolin, Matt Margolin, Charles Schumer, — Margolin, Mangolin, Bank of America Merrill Lynch, VCs, Margolin, Jane Mandel Goldman Sachs Jade Mandel, Jade Mandel Organizations: Global Banking, Markets, CDC, Wealth Management, University of Pennsylvania, Stanford, Bloomberg, Bank of America, Barclays, Goldman, Goldman ' San, Asset Management Venture Capital, Growth, Equity Fund, Equity Locations: Solomon, Silicon Valley, Iran, New York, New York City, Goldman ', Goldman ' San Francisco, China, Hong Kong, Asia, America

While more than half of banks reported tightening business lending standards in the second quarter, just 35% said they cranked down further in the third quarter, with about 62% keeping standards the same. Demand for commercial and industrial loans weakened most among small firms, with more than half of banks saying credit demand had fallen among firms with annual sales of less than $50 million. About 39% of bank loan officers said loan demand had fallen among larger firms in the third quarter, compared to nearly 60% in the second quarter. For households, 86% of loan officers said they had kept standards for home mortgages about the same in the third quarter, though 12% said standards had gotten tighter. Just over 5% of banks said they had tightened standards in the second quarter.

Persons: Banks, Daniel Silver, Morgan, Howard Schneider, Paul Simao Organizations: Federal Reserve, Reuters, Fed, Thomson Locations: U.S

☆ 'Bond King' Bill Gross says the US economy headed for a recession as more indicators flash in the 4th quarter
▼ + stars: | 2023-11-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US could be sinking into a recession by the fourth quarter, Bill Gross said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe US economy may be teetering into a recession, and indicators of coming weakness could soon be flashing red, according to "Bond King" Bill Gross. "We will see it in the fourth quarter," Gross said of a GDP slowdown. And of course, the US economy is 70% based on consumer spending," Gross said.

Persons: Bill Gross, —, Gross, We're Organizations: Service, CNBC, Atlanta Fed, Silicon Valley Bank, Fitch, of Labor Statistics, JPMorgan Locations: Silicon

☆ The most—and least—expensive large U.S. cities based on the cost of monthly expenses like rent, utilities, and more
▼ + stars: | 2023-11-02 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

1 most expensive large U.S. city based on monthly costs: San JoseSan Jose, California is the most expensive large city in the U.S. The average San Jose home value is $1,316,415, down 0.7% over the past year, according to Zillow. 10 most expensive large U.S. cities based on monthly costsSan Jose, Calif. Boston, Mass. The second least expensive large U.S. city based on the average cost of monthly household expenses is Cleveland, Ohio. Cleveland is just one of two cities in Ohio to make doxo's list of the least expensive large U.S. cities based on household bills.

Persons: doxo, Hanwen Chen, Mike Kline, Zillow, Tenn . Saint Louis, Ken Redding Organizations: CNBC, Utilities, Auto insurance Cable, Mobile, U.S . Residents, San, eBay, PayPal, Washington D.C, Getty Images Boston, Harvard, MIT, Detroit, U.S, General Motors, Ford, N.M . Oklahoma City, N.Y, Bank, Getty Locations: United States, Jose San Jose , California, California, Jose, San Francisco, San Diego, Los Angeles, San Jose, Silicon Valley, Calif, Boston, Mass . New York, N.Y, Washington, Seattle, Wash . Los Angeles, Miami, Fla . Portland, Ore, Boston , Massachusetts, U.S, Cavan, Detroit Detroit , Michigan, Detroit, Michigan, Mich, Cleveland , Ohio Dayton , Ohio Albuquerque, N.M . Oklahoma, Okla Rochester, N.Y Tucson, Ariz . El Paso , Texas Memphis, Tenn . Saint, Mo, Cleveland , Ohio, Cleveland, Ohio, Dayton

☆ Auto loan delinquencies indicate the consumer is falling behind, says PIMCO Co-Founder Bill Gross
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAuto loan delinquencies indicate the consumer is falling behind, says PIMCO Co-Founder Bill GrossHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: PIMCO, Bill Gross, Brian Sullivan, “ Organizations: CNBC

But the deceleration of inflation has slowed, and solid economic growth could keep inflation elevated or even send it higher. As a result, Powell and other Fed officials aren't yet willing to take a final rate hike off the table. The surge in Treasury yields has caused the average 30-year fixed mortgage rate to reach nearly 8%. Market analysts say an array of factors have combined to force up Treasury yields. As a result, higher Treasury rates may be needed to attract more buyers.

Persons: Jerome Powell, Powell, Michael Arone, “, ” Powell, Christopher Waller Organizations: WASHINGTON, Federal, State Street Global Advisors, “, Fed, Treasury, Wall Locations: Wall

☆ The Federal Reserve leaves rates unchanged. Here's what that means for your wallet
▼ + stars: | 2023-11-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

watch nowThe Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. What the federal funds rate means for youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. To a certain extent, many households have been shielded from the brunt of the Fed's rate hikes so far, House said. As the federal funds rate rose, the prime rate did as well, and credit card rates followed suit. If the 10-year yield stays near 5%, federal student loan interest rates could increase again when they reset in the spring, costing student borrowers even more in interest.

Persons: Brett House, that's, Sung Won Sohn, Sohn, bode, Greg McBride, Sam Khater, Freddie Mac's, Tiffany Hagler, Bankrate, Jacob Channel Organizations: Federal Reserve, Fed, Columbia Business School, Loyola Marymount University, SS Economics, Treasury, Geard, Bloomberg, Getty, Auto Locations: Larchmont , New York

Customers might assume that nonunion automakers, like Toyota, Tesla or Hyundai-Kia, will now be able to price their vehicles well below what the Detroit automakers can. “When the dust settles from this UAW debacle, the Detroit auto stalwarts find themselves with a bigger cost profile with competition increasing," said Dan Ives, an analyst at Wedbush. That means that competition for buyers is intensifying as pent-up demand from the pandemic wanes, making it difficult for any automaker to raise prices. But if the Detroit companies report lower income, Wall Street will register its disappointment, and stock prices could fall. “You either raise your labor costs to meet what the UAW is getting or you risk the unionization drive.”

Persons: Stellantis, ”, Jonathan Smoke, pare, Dan Ives, Natalie Knight, Ram, Knight, Smoke, Shawn Fain, Fain, Art Wheaton, wouldn’t, Wheaton, Tesla, ” Wheaton Organizations: DETROIT, United Auto Workers, Detroit’s, General Motors, Ford, Toyota, Hyundai, Kia, Detroit, GM, Cox Automotive, UAW, Chrysler, Jeep, Cox, automakers, Detroit automakers, Cornell University, U.S Locations: United States, U.S, Stellantis, Detroit

Market analysts say an array of factors have combined to force up Treasury yields. As a result, higher Treasury rates may be needed to attract more buyers. That suggests that Treasury yields may stay unusually high even if the Fed keeps its own benchmark rate on hold. Many business and consumer loan rates might, in turn, also stay high, helping keep a lid on economic growth and inflation. Wall Street traders foresee a 98% probability that the Fed will leave interest rates unchanged Wednesday, according to the CME FedWatch Tool.

Persons: Jerome Powell, Powell, ” Powell, “, Goldman Sachs, reacceleration, ”, Alan Blinder, Blinder, ” Blinder Organizations: WASHINGTON, Federal, Fed, Treasury, Wall, Goldman, Princeton University, Associated Press, American Academy of Political, Social Science Locations: Wall, COVID, Washington

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