Fed’s Barkin says fee hikes should proceed till inflation hits 2%

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to ease price pressures. Releases this week showing that consumers and wholesale price increases softened in July there was a “great reception,” Barkin told CNBC’s “Squawk on the Street” in a live interview. … Read more

July 2022 producer value index: Wholesale inflation fell 0.5%

Wholesale prices fell in July for the first time in two years as a plunge in energy prices slowed the pace of inflation, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures the prices received for final demand products, fell 0.5% from June, the first month-on-month decrease since April 2020, the … Read more

Customers’ expectations of future inflation fell sharply because the Federal Reserve gained

Shoppers inside a grocery store in San Francisco, California, USA, Monday, May 2, 2022. David Paul Morris Bloomberg | Getty Images Consumer expectations for inflation fell sharply in July amid a sharp drop in gas prices and growing belief that food and housing will also pick up quickly in the future. The New York Federal … Read more

Shoppers’ expectations of future inflation fell sharply because the Federal Reserve received

Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Consumer expectations for inflation fell sharply in July amid a sharp drop in gas prices and growing belief that food and housing will also pick up quickly in the future. The New York Federal … Read more

Fed Governor Bowman sees ‘flat fee’ fee hikes forward after transfer by three quarters

Federal Reserve Bank Governor Michelle Bowman delivers her first public remarks as a Federal policymaker at an American Bankers Association conference in San Diego, California, February 11, 2019. Ann Sapphire | Reuters Federal Reserve Governor Michelle Bowman said on Saturday that she supports the central bank’s recent large interest rate hikes and thinks they are … Read more

Fed Governor Bowman sees ‘flat price’ price hikes forward after transfer by three quarters

Federal Reserve Bank Governor Michelle Bowman delivers her first public remarks as a Federal policymaker at an American Bankers Association conference in San Diego, California, February 11, 2019. Ann Sapphire | Reuters Federal Reserve Governor Michelle Bowman said on Saturday that she supports the central bank’s recent large interest rate hikes and thinks they are … Read more

The US economic system has but to face its greatest recession problem

A person removes the nozzle from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You would now be hard pressed to find a retreat in the rearview mirror. What’s underneath, however, is another story. There is no historical precedent to suggest that an … Read more

US weekly claims rise to 260,000 forward of nonfarm payrolls report

Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the US labor market. The total for the week ended July 30 was in line with the Dow Jones estimate but a gain of 6,000 from the previous week’s downwardly revised level, the Labor Department reported … Read more

The Fed’s James Bullard expresses confidence that the financial system can obtain a ‘smooth touchdown’

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, although he expects the central bank will have to keep hiking rates to control inflation. “I think inflation has come in hotter than I would have expected during the second … Read more

The Fed’s James Bullard expresses confidence that the economic system can obtain a ‘comfortable touchdown’

James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, although he expects the central bank will have to keep hiking rates to control inflation. “I think inflation has come in hotter than I would have expected during the second … Read more