Economic Report Us Employment Costs Jump Again and Offer Little Comfort to Fed in Inflation Fight
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Fed’s Beige Book finds steady economic growth but little progress in reducing inflation
The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in lowering inflation.MarketWatch - Business -
A crucial report Wednesday is expected to show little progress against inflation
The March consumer price index is expected to register increases of 0.3% both for the all-items measure as well as core.CNBC - Business -
UnitedHealth's first-quarter report will offer a window into Change cyberattack costs
The financial impact of the Change Healthcare cyberattack is expected to weigh on UnitedHealth Group's first-quarter results.CNBC - Business -
Hot Inflation Report Derails Case for June Rate Cut
Consumer prices rose 3.5% in March from a year earlier, and underlying price pressures remained strong.The Wall Street Journal - World -
Tamer wholesale costs offer ray of hope on inflation, but prices are still headed in the wrong direction
A tamer increase in wholesale prices in March raised hopes that inflation is slowing enough to keep the Federal Reserve on the path to cut interest rates, but more evidence is needed. A lot more.MarketWatch - Business -
Treasury yields jump by most since 2022-2023 after hotter-than-expected CPI inflation report
Two- and 10-year Treasury yields leapt by the most in at least a year on Wednesday, after March’s hotter-than-expected consumer-price index report threw doubts on the Federal Reserve’s ability to cut interest rates by June.MarketWatch - Business -
MPs hit out at BBC for cutting local radio to fund regional online services
Report finds broadcaster failed to set out clear plan to deliver benefits of wider strategy to move spending out of LondonFinancial Times - World -
Israel calls for tightened sanctions on Iran as government debates response to attack
International pressure mounts on Jewish state to show restraintFinancial Times - World - Iran -
US to grow at double the rate of G7 peers this year, says IMF
Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed rate cutsFinancial Times - World -
Economic forecasting — little more than performance art for central bankers
Ben Bernanke’s review is full of sound recommendations but unlikely to alter this opaque processFinancial Times - World -
Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?
WASHINGTON (AP) — An eagerly awaited report Wednesday on consumer prices will show whether inflation is still easing, a trend the Federal Reserve will weigh in deciding when and by how much — or even whether — to cut interest rates this year. The ...Yahoo Sports - Sports -
Stubborn inflation pressures persisted in March, derailing the case for the Fed to begin reducing interest rates in June and raising questions over whether it can deliver cuts this year without signs of an economic slowdown.
Stubborn inflation pressures persisted in March, derailing the case for the Fed to begin reducing interest rates in June and raising questions over whether it can deliver cuts this year without signs of an economic slowdown.The Wall Street Journal - World -
Firm inflation during the first quarter has called into question whether the Fed will be able to lower interest rates this year without signs of an unexpected economic slowdown, Powell said.
Firm inflation during the first quarter has called into question whether the Fed will be able to lower interest rates this year without signs of an unexpected economic slowdown, Powell said.The Wall Street Journal - World - Federal Reserve -
US workers increasingly more detached from their employers: Gallup
U.S. workers are growing increasingly more detached from their employers, according to new data published Wednesday by Gallup. Less than one-third — 30 percent — of full-time and part-time U.S. employees in the Gallup survey reported feeling ...The Hill - Politics -
Consumer price growth accelerated in March, adding to cloudy picture for U.S. economy
Inflation remained elevated once again in March, adding another round of price increases to Americans' already-strained wallets.NBC News - Top stories -
Our Inability to Predict Inflation Is an Embarrassment to Economics
Academic theories of inflation have proved of little use to policymakers.The New York Times - Top stories -
The Inflation Thief Rises Again
A new surge in the consumer-price index means the real average hourly wage has risen seven lousy cents in a year.The Wall Street Journal - World - Inflation -
Rory McIlroy dismisses report of $850M offer by LIV Golf
McIlroy: "I will play on the PGA Tour for the rest of my career."ESPN - Sports - LIV Golf -
Treasury yields are little changed as traders assess fresh inflation data
U.S. Treasury yields were relatively flat Thursday after the March wholesale inflation data came in weaker than expected.CNBC - Business -
Economic Surprises Could Fuel Fed Deja Vu for the 2010s
First-quarter economic data has a whiff of the mid-2010s—but in reverse.The Wall Street Journal - World - Federal Reserve -
Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.
Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.The New York Times - Business -
Costs of burning fossil fuels dwarf costs of energy transition: Report
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story Costs of burning fossil fuels dwarf costs of energy transition: Report Climate action is costly, but inaction could be far more expensive, ...The Hill - Politics -
Bad news for home buyers: Mortgage rates jump on the back of strong economic data
The 30-year mortgage rate is averaging at 6.88% Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business - Mortgage -
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
A review of the Bank of England’s economic forecasting undertaken by the former chair of the U.S. Federal Reserve has found “significant shortcomings” that should be addressed to better inform future interest rate decisionsABC News - World -
As Jared Kushner’s Investment Firm Steps Out, the Potential Conflicts Are Growing
Jared Kushner’s Affinity Partners has invested more than $1.2 billion, much of it in firms abroad, drawing new scrutiny as his father-in-law, Donald Trump, again seeks the presidency.The New York Times - Business -
Inflation Data Wobbles, Clouding Fed Rate Cut Outlook
Lower interest rates are still a possibility, but Fed governors are divided as economic data muddles a clear path to cuts.Inc. - Business - Federal Reserve -
Inflation Was Hotter Than Expected in March, Unwelcome News for the Fed
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.The New York Times - Business - Federal Reserve -
What does high March inflation mean for the Fed and the economy?
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.CBS News - Top stories - Federal Reserve -
Energy Inflation Is Back. How Much Should the Fed Care?
The Federal Reserve tries to look past volatile energy prices when analyzing inflation and setting interest rates. But the oil market these days is getting harder to ignore.The Wall Street Journal - World - Federal Reserve -
ECB Signals It's Moving Closer to a Rate Cut
Officials held rates steady as they weigh the prospect of cutting before the Fed.The Wall Street Journal - World -
Fed’s Williams sees inflation falling ‘closer to’ 2% target by next year, despite recent ‘bumps’
“I expect inflation to continue its gradual return to 2%, although there will likely be bumps along the way, as we’ve seen in some recent inflation readings,” Williams said Thursday.MarketWatch - Business -
ECB signals it’s ready to cut rates before the Fed if inflation data cooperates
The European Central Bank is seen ready to cut rates as early as June if inflation data continues to cooperate.MarketWatch - Business - Federal Reserve -
Bearish insiders, bullish investors and global conflict are red flags for stocks
This market is vulnerable — and not because of inflation, the Fed or the election.MarketWatch - Business -
Fed Official Sees 2 Rate Cuts This Year Despite Persistent Inflation
Boston Fed president Susan Collins says the central bank won't rush its plans to lower interest rates.Inc. - Business - Federal Reserve -
Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news so far is not good.CNBC - Business - Federal Reserve -
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Powell said that while inflation continues to make its way lower, the current state of policy should remain intact.CNBC - Business - Federal Reserve -
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer ratesABC News - Top stories - Federal Reserve -
Fed's Powell Says Inflation All but Dooms Rate Cuts This Year
Robust job growth,higher stock prices, and home values all point to a solid economy despite high interest rates that everyone hates.Inc. - Business - Federal Reserve -
Summer camp costs are soaring due to inflation. Here are tips on how to save
Summer camp sticker shock has some parents looking for ways to cut costs.CBS News - Top stories -
Why car insurance costs are skyrocketing and leading to higher inflation
On a monthly basis, car insurance prices as part of the consumer price index (CPI) rose by an unadjusted 2.7%, pushing the year-over-year increase to 22.2%.CNBC - Business