Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to…
Tag: Inflation
Inflation Fell to the Fed’s Target — Or is That a Moving Target?
On Friday, the market woke up to great news. Mission accomplished on inflation. Yahoo Finance reported: “The Fed’s preferred inflation measure — a ‘core’ Personal Consumption Expenditures index that excludes volatile food and energy prices — clocked in at 2.9% for the month of December, beating estimates.” Furthermore, the core PCE…
Ready Yourself for 2024 With Macro to Micro Analysis
For the new year, we have given you an extensive 3-pronged look at the markets. First, we have the general outlook for the economy and markets through the Outlook 2024. This is the general outlook for 2024, including the recap of 2023 and how the predictions I made then played…
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s rate-setting group unanimously agreed to hold the key federal funds rate…
Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty
A construction in a multifamily and single family residential housing complex is shown in the Rancho Penasquitos neighborhood, in San Diego, California, September 19, 2023. Mike Blake | Reuters In theory, getting inflation closer to the Federal Reserve’s 2% target doesn’t sound terribly difficult. The main culprits are related to…
Why the Red Cross’ crisis is causing aid groups to rethink their financing
The International Committee of the Red Cross (ICRC) last month announced it would lay off nearly 10 percent of its global staff and roll back dozens of its operations across the world. Although the ICRC’s crisis can partly be blamed on the war in Ukraine and resulting inflation, it also…
Daily Briefing Notes for the Market
I am back from 2 weeks of whirlwind travel and presenting at both the Money Show in Las Vegas and Charting Forward at StockCharts.com. I thank Geoff Bysshe, the President of MarketGauge.com for filling in for me. After the market has absorbed bank crises, debt ceiling talk, the Fed Funds…
Question: How are some bars boosting profits? Answer: Trivia nights
Brooklyn Brewery hosts a Thursday trivia night on March 30. Noah Sheidlower | CNBC Megan Fitzgerald has always been a trivia fan, but as the director of brand experience at Talea Beer Co. in Brooklyn she wasn’t convinced it would be a good fit for the female-founded brewery. In February,…
Inflation is expected to have declined in December, but it may not be enough to stop the Fed
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters The pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices,…
Christmas of thin shopping, without gift hampers
Economy Christmas of thin shopping, without gift hampers Friday December 23 2022 A gift shop in Nairobi. Hard economic times have hit gifting during this festive season. PHOTO | DIANA NGILA | NMG Selina Gacambi sees this year’s Christmas as the most uninspiring festive season ever in her professional life.…