Tag: Inflation
Trump’s threat to fire another Fed member has Wall Street weighing the price of ‘wrecking institutions’ with ‘scapegoat economics’
Markets are shuddering this morning after President Trump announced his plan to fire another member of the Federal Open Market Committee (FOMC). While some...
Dow eyes fresh highs as Nvidia gets set to report earnings amid AI bubble fears
Stock futures edged up on Sunday evening as Wall Street looks ahead to another big week that will feature earnings from AI chip leader...
Lagarde says Europe’s economy would be even worse without the immigrants who moved in after the pandemic
A jump in the share of foreign-born workers after the pandemic helped Europe bring inflation down without sharply slower growth, European Central Bank President...
Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as...
Can AI ‘sorcery’ solve the ‘productivity paradox’ that has gripped the economy for 25 years? A Shakespearean sea change is underfoot
The late plays by William Shakespeare are alternately called his “romances” or his “problem plays,” because of their ambiguity in tone, as they alternate...
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
Powell noted that while labor markets remain in balance, it is a “curious kind of balance that results from a marked slowing in both...
Even McDonald’s CEO knows the fast-food giant is too expensive. Now he’s cutting prices to woo back cash-strapped consumers
McDonald’s has been struggling to hold on to its low-cost image. Now fast food’s largest brand is trying to fix what many of its...
Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead
Starbucks will provide a flat 2% pay bump to all salaried employees in North America this year as the coffee chain looks to minimize...
Fed minutes reveal concern over ‘the effects of higher tariffs’ as central bank left rates unchanged
WASHINGTON (AP) — Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job losses,...
Trump once again gets fresh ammunition in his fight with the Fed, calling on Governor Lisa Cook to resign over mortgage-fraud claims
President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud.
Bill...
