The Fed

A Tale of Two Midterms

Those searching for an explanation of why there was no “red wave” giving Republicans huge gains in Congress in this year’s midterm election should compare this year’s election with the midterm election of 2010.

Consumer Prices Rose 7.7% In October From a Year Ago, Core Inflation Eases

Consumer prices continued to climb in October as the pace of overall inflation held at the level hit a month earlier and underlying inflation excluding food and fuel slowed.

Hey Incoming Congress: Try These Three Simple Tricks for a Successful Start

Tomorrow is election day and polls suggest that Americans are going to overturn Democratic Party control of the House and Senate.

US Economy Added 261,000 New Jobs in October as Hiring Stays Strong

The U.S. economy added 261,000 new jobs in October, down from the upwardly revised 315,000 in September, according to the Bureau of Labor Statistics...

Fed Hikes Interest Rates 0.75% As It Struggles Against Highest Inflation in Decades

The Federal Reserve launched another sortie against the fastest inflation in four decades on Wednesday, approving the fourth straight supersized rate increase and signaling more increases were likely in the months ahead.

Americans Look For Inflation-Proof Investments as Financial Situations Deteriorate Ahead of Mid-Term Elections

It seems that every day continues to bring more bad news about the future of the economy and the state of Americans’ financial health.

Fed Sends A Record $6.3 Billion To Switzerland Via Swap Line

BofA Chief Investment Strategist Michael Hartnett (whose latest weekly note we will dissect shortly) has a favorite saying for when critical phase (to avoid...

Poll: Most CEOs Planning for Recession Over Next 12-18 Months

As central banks move to quell 40-year high inflation, CEO confidence is at its lowest point since the Great Recession, according to a quarterly poll of...

Ben Bernanke, Who Got Everything Wrong in 2008 Financial Crisis, Wins Nobel Economics Prize

Former Federal Reserve Chair Ben Bernanke, along with a few other folks, was awarded the Nobel Prize in economics on Monday for his role in deciding how the world handled major crises such as the 2008 recession and the COVID-19 pandemic.

Job Openings Dropped Significantly in August, as Hiring Remained Strong

The number of job openings sharply declined in August, while hiring slightly increased over the previous month, the Labor Department reported Tuesday.

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