Stocks Drop as Wall Street’s Unease Stretches to a Fourth Day

Investors have been adjusting their expectations for interest rates, leading to a turbulent stretch for the stock market.

#banking-and-financial-institutions, #federal-reserve-system, #interest-rates, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

0

The Economic Gauges Are Going Nuts. Jerome Powell Is Taking a Longer View.

Despite the current confusion, his outlook, based on hard lessons from the 2010s, is essentially optimistic.

#coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #powell-jerome-h, #quantitative-easing, #stimulus-economic, #united-states-economy

0

The Fed Meets as Economic Data Offers Surprises and Mixed Signals

The central bank will release its policy statement on Wednesday, followed by a news conference with Chair Jerome H. Powell.

#consumer-price-index, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #united-states-economy

0

The Fed’s Quantitative Easing and Low Interest Rates Are Dangerous

The warning signs of an overheating economy are everywhere. Yet the Fed seems unable — or unwilling — to confront reality.

#biden-joseph-r-jr, #credit-and-debt, #federal-open-market-committee, #federal-reserve-system, #hubbard-r-glenn, #interest-rates, #powell-jerome-h, #quantitative-easing, #summers-lawrence-h, #treasury-department, #united-states-economy

0

May 2021 Consumer Price Index Shows Fastest Inflation Since 2008

The Consumer Price Index showed the strongest year-over-year reading since 2008, and a core index popped the most since 1992.

#consumer-price-index, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

0

Biden Says Enhanced Unemployment Benefits Will Expire Soon

As Republicans blame enhanced unemployment insurance for slower-than-expected job gains, the White House stresses that the benefit will expire in September as planned.

#biden-joseph-r-jr, #democratic-party, #federal-reserve-system, #labor-and-jobs, #republican-party, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Defying Critics, Biden and Federal Reserve Insist Economic Recovery Remains on Track

Confidence from the White House runs counter to warnings from Republicans, some investors and even a few liberal economists.

#biden-joseph-r-jr, #democratic-party, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #polls-and-public-opinion, #prices-fares-fees-and-rates, #republican-party, #united-states-economy, #united-states-politics-and-government, #wages-and-salaries

0

Krugman Wonks Out: What We Talk About When We Talk About Money

Chill out. The Fed isn’t rolling the printing presses to pay the bills. 

#budgets-and-budgeting, #federal-budget-us, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #united-states

0

Biden Tells Officials to Prepare for Climate Change’s Impact on Economy

A warming planet holds potential risks for home prices, investments, banking and other aspects of the global economy, the government said.

#banking-and-financial-institutions, #biden-joseph-r-jr, #federal-reserve-system, #global-warming, #greenhouse-gas-emissions, #insurance, #mortgages, #real-estate-and-housing-residential, #stocks-and-bonds, #treasury-department, #united-states-economy, #yellen-janet-l

0

Fed Minutes April 2021: Officials Hint They Might Soon Talk About Slowing Bond-Buying

Minutes from the Federal Reserve’s April meeting showed some officials wanted to soon talk about a plan to pull back some central bank support for the economy if “rapid progress” persisted.

#banking-and-financial-institutions, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #quantitative-easing, #quarles-randal-k, #stimulus-economic, #united-states-economy

0

Archegos and the Huge Family Funds that Could Sink the Economy

Regulators have shockingly little insight into the inner workings of funds like Archegos. Here’s how to fix that.

#banking-and-financial-institutions, #derivatives-financial-instruments, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #hwang-bill, #regulation-and-deregulation-of-industry

0

Fed Bets Inflation Expectations Will Stay Controlled

Federal Reserve officials believe low and stable price expectations give them room to heal the job market. But what if outlooks change?

#federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #quantitative-easing, #recession-and-depression, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

0

What Do Used Car Prices Say About Biden’s Agenda?

What did we learn from April’s inflation report? Not much.

#american-rescue-plan-2021, #bernanke-ben-s, #biden-joseph-r-jr, #consumer-price-index, #european-sovereign-debt-crisis-2010, #federal-reserve-system, #inflation-economics, #interest-rates, #united-states-economy, #used-cars

0

Krugman Wonks Out: Return of the Monetary Cockroaches

Old fallacies make a comeback, this time with added technobabble.

#federal-reserve-system, #inflation-economics, #united-states-economy

0

Inflation News: Consumer Prices Jump in April as Investors Worry

The increase in the Consumer Price Index was well above forecasts. A top Fed official struck a watchful tone but said ‘it’s just one data point.’

#consumer-price-index, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

0

Consumer Prices Jump in April as Investors Worried About Inflation

The increase in the Consumer Price Index was well above forecasts. A top Fed official struck a watchful tone but said ‘it’s just one data point.’

#consumer-price-index, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

0

Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots

The Federal Reserve painted a picture of a generally stable financial system, but one bubbling with risk-taking that merits attention.

#archegos-capital-management-llc, #federal-reserve-system, #gamestop-corporation, #stocks-and-bonds, #united-states-economy

0

Who’s Afraid of the Big Bad Boom?

Rising prices here and there aren’t a sign of runaway inflation.

#american-rescue-plan-2021, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #unemployment, #united-states-economy, #wages-and-salaries, #yellen-janet-l

0

Fed Officials Tamp Down Overheating Concerns

Markets gyrated this week on concern that the Federal Reserve may lift rates earlier. But its policymakers stuck with their patient script on Wednesday.

#evans-charles-l, #federal-reserve-bank-of-boston, #federal-reserve-bank-of-chicago, #federal-reserve-system, #inflation-economics, #rosengren-eric-s

0

Fed Leaves Interest Rates Unchanged as Economy Begins to Heal

The Federal Reserve said the economy had “strengthened” but opted to continue providing support while playing down a rise in inflation.

#coronavirus-2019-ncov, #federal-open-market-committee, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #quantitative-easing, #stimulus-economic, #unemployment, #united-states-economy

0

Still Getting Your Head Around Digital Currency? So Are Central Bankers.

If you are trying to grasp Bitcoin and understand what China’s digital yuan means, America’s Federal Reserve is right there with you.

#banking-and-financial-institutions, #brainard-lael, #federal-reserve-bank-of-boston, #federal-reserve-system, #giancarlo-j-christopher, #libra-currency, #massachusetts-institute-of-technology, #peoples-bank-of-china, #powell-jerome-h, #united-states-economy, #us-dollar-currency, #virtual-currency

0

Money Market Funds Melted in Pandemic Panic. Now They’re Under Scrutiny.

In March 2020, the Federal Reserve had to step in to save the mutual funds, which seem safe until there’s a crisis. Regulation may be coming.

#banking-and-financial-institutions, #commercial-paper-finance, #coronavirus-2019-ncov, #federal-reserve-system, #financial-stability-oversight-council, #money-market-mutual-funds, #mutual-funds, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #yellen-janet-l

0

Biden’s Spending Plans Could Start to Tackle Inequality

The Biden administration is relying on Congress instead of just the Fed to fix the economy. That mix could lead to a less wealth-unequal future.

#american-rescue-plan-2021, #biden-joseph-r-jr, #economics-theory-and-philosophy, #federal-aid-us, #federal-reserve-system, #income-inequality, #recession-and-depression, #stimulus-economic, #united-states-politics-and-government

0

The Fed Faces Criticism as It Wades Into Climate and Equity Issues

The Federal Reserve is proudly politically independent. That makes key discussions around climate change and racial inequity a balancing act.

#banking-and-financial-institutions, #daly-mary-c, #federal-reserve-system, #global-warming, #politics-and-government, #powell-jerome-h, #race-and-ethnicity, #united-states-economy, #united-states-politics-and-government

0

Krugman Wonks Out: The Case for Supercore Inflation

It’s going to be a year of bottlenecks and blips.

#american-rescue-plan-2021, #federal-reserve-system, #prices-fares-fees-and-rates, #recession-and-depression

0

The Biden Administration Is Quietly Obsessing Over Inflation

A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upward faster than the Fed can manage.

#american-rescue-plan-2021, #biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #recession-and-depression, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

0

Consumer prices rose faster than expected in March.

Year-over-year percent changes were expected to jump because price indexes dropped sharply a year ago.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

0

Fed Chief Says U.S. Economy Is at an ‘Inflection Point’ as Risks Remain

“It’s going to be smart if people can continue to socially distance and wear masks,” Jerome Powell said on “60 Minutes.”

#60-minutes-tv-program, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #powell-jerome-h, #stimulus-economic, #united-states-economy

0

As U.S. Prospects Brighten, Fed’s Powell Sees Risk in Global Vaccination Pace

Some countries are lagging behind in vaccinations, and policymakers warned that no economy is secure until the world is safe from coronavirus variants.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #federal-reserve-system, #georgieva-kristalina-ivanova, #income-inequality, #international-monetary-fund, #labor-and-jobs, #powell-jerome-h, #stimulus-economic, #united-states-economy, #united-states-politics-and-government, #vaccination-and-immunization

0

How the Stimulus Could Power a Rebound in Other Countries

As Americans buy more, they are expected to spur trade and investment and invigorate demand for German cars, Australian wine, Mexican auto parts and French fashions.

#china, #clarida-richard-h-1957, #europe, #european-central-bank, #eurozone, #federal-reserve-system, #gross-domestic-product, #international-trade-and-world-market, #lane-philip-richard, #romer-christina-d, #stimulus-economic, #united-states, #united-states-economy

0

Stock Rally Poses Question: When Does a Bull Become a Bubble?

The bull market, born out of the pandemic, has turned a year old. The remarkable turnaround has some analysts wondering if the breakneck pace is sustainable.

#banking-and-financial-institutions, #credit-and-debt, #federal-reserve-system, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds

0

How Not to Panic About Inflation

Remember the lessons of the 2010-2011 scare.

#american-rescue-plan-2021, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

0

Jerome Powell Promises Not to Take Away the Punch Bowl

If the economy turns into a giant party, the Fed is promising not to be an uptight host.

#federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #united-states-economy

0

Fed Projects Patience Even as Economic Outlook Brightens

The Federal Reserve’s economic estimates show rates at near-zero for years, along with faster growth and higher inflation.

#federal-reserve-system, #inflation-economics, #interest-rates, #united-states-economy

0

The Financial Crisis the World Forgot

The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #powell-jerome-h, #quantitative-easing, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

0

How the U.S. Got It (Mostly) Right in the Economy’s Rescue

Though the recession has been painful, policymakers cushioned the pandemic’s blow and opened the way to recovery.

#american-rescue-plan-2021, #black-people, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #federal-reserve-system, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #recession-and-depression, #republican-party, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Inflation Fear Lurks, Even as Officials Say Not to Worry

Prices have yet to show much movement, but the prospect of an unbridled economy’s surging back from the pandemic has unsettled the markets.

#american-rescue-plan-2021, #federal-aid-us, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stimulus-economic, #stocks-and-bonds, #united-states-economy

0

Move Over, Nerds. It’s the Politicians’ Economy Now.

Leaders of both parties have become willing to act directly to extract the nation from economic crisis, taking that role back from the central bank.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #federal-reserve-system, #law-and-legislation, #quantitative-easing, #united-states-economy, #united-states-politics-and-government

0

Biden Presses Economic Aid Plan, Rejecting Inflation Fears

Despite a better-than-expected jobs report, administration officials stressed that millions of workers still needed help from a proposed $1.9 trillion stimulus package.

#biden-joseph-r-jr, #black-people, #blanchard-olivier-j, #coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #labor-and-jobs, #labor-department-us, #law-and-legislation, #portman-rob, #powell-jerome-h, #senate, #stimulus-economic, #summers-lawrence-h, #united-states-economy, #united-states-politics-and-government

0

Investors Are Focused on Treasurys. Here’s What the Fed Could Do.

Central bankers have said they aren’t worried about a pop in longer-term bond yields. If they do become concerned, they have some options.

#banking-and-financial-institutions, #brainard-lael, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #stocks-and-bonds, #united-states-economy

0

Why Market Investors Are Now Troubled by Signs of Surging Growth

The markets are stressed at the prospect of an economic rebound, which is forcing investors to reassess their holdings.

#credit-and-debt, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #treasury-department, #united-states, #united-states-economy

0

Powell Says Better Child Care Policies Might Lift Women in Work Force

The Fed chair said better caregiving options was an “area worth looking at” for Congress, while reiterating the central bank’s full-employment pledge.

#child-care, #federal-reserve-system, #labor-and-jobs, #powell-jerome-h, #quantitative-easing, #unemployment, #united-states-economy, #united-states-politics-and-government, #women-and-girls

0

How Is the Fed Thinking About Unemployment?

Our economics reporter gives a rundown on the real unemployment rate, stimulus checks and inflation.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #inflation-economics, #powell-jerome-h, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

0

Powell Focuses on Economic Need at Key Moment in Markets and Politics

The Federal Reserve will continue to support the economy, its chair, Jerome H. Powell, pledged at a Senate hearing, even as concerns about inflation rise.

#federal-reserve-system, #interest-rates, #powell-jerome-h, #quantitative-easing, #senate-committee-on-banking, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government

0

Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021

Top Democrats and some of President Biden’s advisers are considering borrowing money to fund a sweeping infrastructure package as the nation’s fiscal situation improves more rapidly than expected.

#biden-joseph-r-jr, #congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #federal-reserve-system, #house-committee-on-ways-and-means, #house-of-representatives, #neal-richard-e, #pelosi-nancy, #powell-jerome-h, #schumer-charles-e, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

0

Do Fed Policies Fuel Bubbles? Some See GameStop as a Red Flag

Analysts warn that low-interest rates are promoting speculative bubbles. The Fed itself has downplayed the possibility that it’s behind asset prices.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #federal-reserve-system, #gamestop-corporation, #interest-rates, #powell-jerome-h, #reddit-inc, #stocks-and-bonds, #united-states-economy

0

Fighting Covid Is Like Fighting a War

Why Biden needs to go big and ignore the worriers.

#biden-joseph-r-jr, #committee-for-a-responsible-federal-budget, #congressional-budget-office, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #polls-and-public-opinion, #recession-and-depression, #stimulus-economic, #summers-lawrence-h, #united-states-economy

0

Yellen and Regulators Met Amid GameStop Frenzy to Discuss Market Volatility

The Treasury Secretary met with her fellow regulators to discuss whether markets need new attention after the rise of so-called “meme stocks.”

#commodity-futures-trading-commission, #federal-reserve-bank-of-new-york, #federal-reserve-system, #yellen-janet-l

0

Why Are There So Few Black Economists at the Fed?

Monroe Gamble became the San Francisco Fed’s first Black research assistant in 2018. His path shows why fixing a striking diversity shortfall will take commitment.

#banking-and-financial-institutions, #black-people, #colleges-and-universities, #daly-mary-c, #federal-reserve-bank-of-chicago, #federal-reserve-bank-of-san-francisco, #federal-reserve-system, #hiring-and-promotion, #labor-and-jobs, #minorities, #race-and-ethnicity, #united-states-economy, #united-states-politics-and-government

0

Pandemic Rescue: It’s ‘And’ Not ‘Or’

Why you shouldn’t nitpick over the details.

#biden-joseph-r-jr, #congressional-budget-office, #coronavirus-2019-ncov, #democratic-party, #federal-budget-us, #federal-reserve-system, #inflation-economics, #national-debt-us, #stimulus-economic, #summers-lawrence-h, #united-states-economy, #united-states-politics-and-government

0