Fed Starts Experiment of Tackling $8.9 Trillion Portfolio to Shrink
According to Bloomberg, the U.S. Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool alongside higher interest rates to curb inflation, though officials don’t know just how effective it will be.
The Federal Reserve Means Business when it Comes to Tightening Monetary Policy
After raising its benchmark interest rate by half a percentage point earlier this month
77% of Investment Fund Managers See Slowing Growth and High Inflation Taking Hold Over the Next Year
With a gallon of milk up about 25% since before the pandemic, and retail bacon 35% higher, it’s hard to imagine how US food inflation could get any worse.
Shares Churn, Close Down; Yields Fall after U.S. Inflation Data
Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.
Fed Lifts Interest Rates and Will Wind Down $9 Trillion Balance Sheet Assets to Tackle High U.S. inflation
The Federal Reserve on Wednesday raised a key interest rate by a half point and reaffirmed a more aggressive strategy to try to subdue the worst outbreak of U.S. inflation in 40 years.
Ford Just Reported a $3.1 Billion Loss. Blame Sliding Demand, Strong Dollar and… Rivian
New York(CNN Business) In the days after its November IPO, electric truck maker Rivian was briefly one of the world's most valuable automakers despite not yet having reported a single sale.
Jamie Dimon Predicted ‘Storm Clouds’ ahead for U.S. Economy Later This Year
The CEO of the biggest U.S. bank by assets said Wednesday that economic growth will continue at least through the second and third quarters of this year, fueled by consumers and businesses flush with cash and paying off debts on time.
U.S. PCE Price Index Up by 6.4% in Q4 2021
The Bureau of Economic Analysis revealed in its report about the U.S.’s Q4 2021 gross domestic product (GDP) published on Wednesday.
U.S. Labor Market Tightens as Weekly Jobless Claims Hit Lowest Level Since 1969
The number of Americans filing new claims for jobless benefits dropped to a 52-1/2-year low last week
Federal Open Market Committee Decided to Hike Key Rate by 25 BP, Blamed Elevated Inflation and Geopolitics
In line with consensus expectations, the Federal Open Market Committee (FOMC) raised the target range for the federal funds rate by 25 basis points at its meeting on March 15-16, 2022.
Covid Aid Dropped From U.S. Lawmakers’ Big Spending Deal
U.S. lawmakers late Wednesday passed a massive new bill that would fund the federal government for the remainder of the fiscal year, as well as further aid Ukraine, but a last-minute snag resulted in Covid-19 money being dropped.
Fed Chair Powell Left Open Possibility Of Hiking More Aggressively Should Inflation Persist
Fed Chairman Jerome Powell said Wednesday he still sees interest rate hikes ahead though he noted the “implications for the U.S. economy are highly uncertain” from the Ukraine war.
U.S. Inflation Tends to Be More Urban than Rural
Consumer prices in the U.S. accelerated last year predominantly in large U.S. metropolitan areas seeing an influx of new residents than in the nation overall, while inflation was milder in large coastal cities with less population growth.
U.S. Economy Shedding Workforce
Total nonfarm payroll employment in the United States declined by 301,000 in January, largely missing out on market expectations, Automatic Data Processing Inc. (ADP) revealed in its report released on Wednesday.