How to Have a Roaring 2020s (Without Wild Inflation)

Manage the boom, don’t fight it.

#inflation-economics, #labor-and-jobs, #recession-and-depression, #united-states-economy, #wages-and-salaries

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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

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China Moves to Tame Inflation Before Prices Rise Too Much

Rising costs at its factories could trickle out into the rest of the world economy.

#china, #consumer-behavior, #currency, #economic-conditions-and-trends, #factories-and-manufacturing, #inflation-economics, #international-trade-and-world-market, #prices-fares-fees-and-rates, #renminbi-currency, #stockpiling, #united-states-economy, #us-dollar-currency

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Biden’s Covid Recovery Package Could Hinge on Tomorrow’s Job’s Report

Hint: The employment figures only tell part of the story.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #labor-and-jobs, #productivity, #southern-states-us, #summers-lawrence-h, #united-states, #united-states-economy, #wages-and-salaries

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Wage Growth Is Holding Up in Aftermath of the Economic Crash

The pay increases are giving Democrats a bragging point. But it comes with risks: Gains could fade, or spark quicker price inflation.

#coronavirus-2019-ncov, #federal-reserve-bank-of-atlanta, #inflation-economics, #labor-and-jobs, #savings, #service-industries, #unemployment, #united-states-economy, #wages-and-salaries

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How to Track the United States’ Economic Recovery

The ebbing of the pandemic has brought price increases, supply bottlenecks and labor shortages. Key indicators will show whether it’s just a stage.

#consumer-behavior, #consumer-price-index, #coronavirus-2019-ncov, #inflation-economics, #interest-rates, #labor-and-jobs, #part-time-employment, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries

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Here Are The 5 Ways to Track the United States’ Economic Recovery

The ebbing of the pandemic has brought price increases, supply bottlenecks and labor shortages. Key indicators will show whether it’s just a stage.

#consumer-behavior, #consumer-price-index, #coronavirus-2019-ncov, #inflation-economics, #interest-rates, #labor-and-jobs, #part-time-employment, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries

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Here’s One Thing Missing from President Biden’s Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

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One Thing Missing From the Biden Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

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The Economy’s Post-Covid Recovery Is Just Getting Started

The bad news is a byproduct of extraordinary good news.

#american-rescue-plan-2021, #coronavirus-2019-ncov, #inflation-economics, #labor-and-jobs, #shortages, #united-states-economy

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Biden’s Budget Sees Low Inflation, Rising Debt and Slow Economic Growth

The proposal sheds new light on President Biden’s economic agenda and underscores the administration’s belief that the country’s fiscal situation is manageable.

#american-rescue-plan-2021, #biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #taxation, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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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

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Is It Time to Panic About Inflation? Ask These 5 Questions First.

Focus on exactly how and why prices are changing over time, and how these shifts might affect you.

#content-type-service, #economics-theory-and-philosophy, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #united-states-economy, #wages-and-salaries

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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

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Low Population Growth’s Challenge for the Economy

Flat population could be a problem, but it can be an opportunity.

#american-jobs-plan-2021, #baby-boomers, #coronavirus-2019-ncov, #inflation-economics, #national-debt-us, #population, #united-states-economy

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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

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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

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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

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Inflation Is Here. What Now?

Prices are rising fast, in ways that seem temporary, yet this could change expectations in ways that are self-reinforcing.

#inflation-economics, #prices-fares-fees-and-rates, #shortages, #united-states-economy, #used-cars

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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

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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

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Janet Yellen Was Right About Inflation

If you don’t think Janet Yellen was right, ask yourself why. 

#american-rescue-plan-2021, #biden-joseph-r-jr, #federal-reserve-bank-of-new-york, #inflation-economics, #stimulus-economic, #yellen-janet-l

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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

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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

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Yellen Says Rates Might Need to Rise as Economy Recovers

Ms. Yellen, the Treasury secretary, said that some “modest” increases might be necessary. She later clarified to say that she was not making a recommendation or providing advice to the Federal Reserve, which sets monetary policy.

#american-jobs-plan-2021, #inflation-economics, #interest-rates, #treasury-department, #united-states-economy, #yellen-janet-l

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Widespread Commodity Shortages Raise Inflation Fears

For products as diverse as lumber and microchips, price increases are filtering through the economy.

#automobiles, #biden-joseph-r-jr, #commodities, #computer-chips, #inflation-economics, #international-trade-and-world-market, #prices-fares-fees-and-rates, #shortages, #united-states-economy

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Consumer Goods Are Going to Get More Expensive

Retailers used to absorb much of the cost of goods when suppliers raised prices. Now, the difference is being passed on to shoppers.

#bureau-of-labor-statistics, #general-mills-inc, #inflation-economics, #kimberly-clark-corporation, #prices-fares-fees-and-rates, #proctergamble-co, #shopping-and-retail, #united-states-economy

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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

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‘We Were Left With Nothing.’ Argentina’s Misery Deepens in the Pandemic.

The economy contracted by nearly 10 percent last year, and the country faces a reckoning with the I.M.F. over $45 billion in debts.

#argentina, #blackrock-inc, #coronavirus-2019-ncov, #credit-and-debt, #economic-conditions-and-trends, #fernandez-alberto-1959, #georgieva-kristalina-ivanova, #inflation-economics, #international-monetary-fund, #international-trade-and-world-market, #macri-mauricio, #politics-and-government, #poverty, #recession-and-depression, #united-states

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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

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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

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How Not to Get Fooled by the New Inflation Numbers

Today’s data reflects backward-looking information, which is not necessarily a sign of what’s ahead.

#consumer-price-index, #coronavirus-2019-ncov, #inflation-economics, #prices-fares-fees-and-rates, #united-states-economy

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What Bidenism Owes to Trumpism

The Biden agenda tries to seize the populist opportunity that Trump let slip away.

#american-jobs-plan-2021, #bannon-stephen-k, #biden-joseph-r-jr, #customs-tariff, #democratic-party, #federal-budget-us, #federal-taxes-us, #inflation-economics, #infrastructure-public-works, #nationalism-theory-and-philosophy, #protectionism-trade, #republican-party, #trump-donald-j, #united-states-economy

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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

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How 10 Prominent Economists Think About Overheating

Some notable participants in the debate over the Biden stimulus tell us, in their words, what a too-hot economy would look like.

#economics-theory-and-philosophy, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

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If the Economy Overheats, How Will We Know?

We asked some prominent participants in the Great Overheating Debate of 2021 to explain what inflationary trends they’re afraid of (or not, as the case may be).

#american-rescue-plan-2021, #economics-theory-and-philosophy, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

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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

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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

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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

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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

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This Is Not the Coronavirus Anniversary Cuomo Planned On

Besieged on multiple fronts, the governor is no longer holding forth; he’s just trying to hold on.

#absentee-voting, #american-rescue-plan-2021, #biden-joseph-r-jr, #cuomo-andrew-m, #democratic-party, #governors-us, #inflation-economics, #manchin-joe-iii, #minimum-wage, #quarantine-life-and-culture, #republican-party, #spitzer-eliot-l, #stimulus-economic, #united-states-economy

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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

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Too Many Smart People Are Being Too Dismissive of Inflation

Fears were overblown for years. But let’s not be blasé about how hard it could be to halt high prices if they haunt us again.

#inflation-economics, #united-states-economy, #united-states-politics-and-government

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Making Sense of Elevated Stock Market Prices

Shares are very expensive, but so are bonds. Even at current prices, the economist Robert J. Shiller says, it is reasonable to keep some wealth in stocks.

#inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #standardpoors-500-stock-index, #stocks-and-bonds

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Fed Chair Powell Offered a Patient Message. Markets Quivered Anyway.

Stocks fell and bond yields rose after the Fed leader reiterated that the central bank did not plan to pull back policy support soon.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #inflation-economics, #interest-rates, #quantitative-easing, #stimulus-economic

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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

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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

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Stimulus Checks Helped Personal Income Surge in January

Personal income and spending both surged in January as a new round of government checks hit Americans’ bank accounts.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-aid-us, #income, #inflation-economics, #recession-and-depression, #stimulus-economic, #united-states-economy

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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

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What the Bond Market Is Telling Us About the Biden Economy

A recent rise in interest rates hints that a recovery is on the way, but it could also mean harder choices ahead on spending.

#biden-joseph-r-jr, #government-bonds, #inflation-economics, #interest-rates, #stimulus-economic, #treasury-department, #united-states-economy, #yellen-janet-l

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