Wall Street is still weighing the implications of the Fed’s most substantial shift in its monetary policy thinking in years. In essence, Federal Reserve Chairman Jerome Powell on Thursday stressed the primacy of the labor market in its mission, even if it means that inflation rose to 2% aboveRead More →
Getty Images Federal Reserve Bank Chairman Jerome Powell speaks at his press conference Wednesday. Federal Reserve Chairman Jerome Powell on Wednesday defended the central bank’s review of long-term policy strategy and said the results would be “meaningful.” “I’d like for this review to come out with a set of positiveRead More →
Don’t expect the inflation bugaboo to scare away the bond-market bulls. Once the highlight of the economic calendar, U.S. inflation data releases have now been shunted to the sidelines by bond traders who say they are paying more attention to the outlook for the labor market and the broader economy.Read More →
Unemployment in the eurozone declined to 7.4% in September, its lowest level since August, 2008, the EU’s statistics institute Eurostat said Monday. But this good news about the European economy helps underline the predicament the European Central Bank has long struggled with: the persistent low level of inflation. The ECBRead More →
Reuters Britain’s Prime Minister Boris Johnson shops at a bakery during a visit to Doncaster Market, in Doncaster, Britain, September 13, 2019. The British pound came under pressure Wednesday as inflation data grew softer than forecast in August. U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1%Read More →
