Economy
Economists: recession on horizon(The Center Square) – Americans should brace for and expect a recession this year, economists are warning, arguing the details of the latest jobs report are not a good indicator. Read More
Economy
WSJ: Narrow market rally is ‘potentially worrying sign’(The Center Square) – The recent U.S. stock market rally is a “potentially worrying sign,” the Wall Street Journal reported ahead of the Federal Reserve holding its first two-day policy… Read More
Economy
Existing home sales on track for worst year since at least 2008(The Center Square) – Existing home sales are on track for a dismal year, likely dropping 18% and on course for the worst year since at least 2008's Great Recession… Read More
Inflation
KC Fed economist: Inflation could become embedded if rate remains high(The Center Square) – The longer inflation remains above the Federal Reserve’s annual target of 2%, the harder it will be to reduce, according to an economist with the Federal… Read More
Banks, Uncategorized
Regulators knew SVB was in trouble since 2021, did not step in(The Center Square) – A closer look at the months leading up to the collapse of Silicon Valley Bank, the second-largest bank collapse in history, shows that regulators saw the… Read More
Economy, Inflation
‘No painless option’: Fed faces tough choice on inflation following bank collapses(The Center Square) – The U.S. Federal Reserve may be less likely to use its key tool to combat inflation because of recent bank failures. The Fed has been aggressively… Read More
Inflation
Survey: Two-thirds of Americans fear inflation will worsen; almost 90% worried about it(The Center Square) – Two out of every three Americans fear inflation will be worse in 2023 than it was last year, prompting nearly 90% of respondents overall in a… Read More
Inflation
Positive GDP in Q4 sparks to optimism for 2023(The Center Square) – Growth in the nation’s gross domestic product during the last half of 2022 shows the raising of interest rates to control inflation didn’t harm the economy,… Read More
Economy
Federal Reserve hikes rates again(The Center Square) – The U.S. Federal Reserve announced a new rate increase of half a percentage point Wednesday in its ongoing effort to curb inflation. The Fed raised the… Read More
National
Fed report: Inflation passed on to consumers, will continue for months(The Center Square) – Newly compiled data from the Federal Reserve shows that inflation is hurting businesses, costing consumers, and likely not going away anytime soon. The Federal… Read More
National
Report: Great Resignation contributed to inflation in 2021(The Center Square) – People switching jobs during the Great Resignation contributed to rising inflation in 2021, according to a report from the Federal Reserve Bank of Chicago. “The… Read More
Opinion
Op-Ed: Learning from the Champions of Fiscal ConservatismGovernment spending is at the heart of sound public policy. But out-of-control spending for decades has created substantial economic destruction and ongoing threats that must be remedied before… Read More
National
Fed Chair Powell: Inflation poses ‘severe’ threat to U.S. job market(The Center Square) – Federal Reserve Chairman Jerome Powell told the U.S. Senate Banking Committee Tuesday that elevated inflation poses a “severe” threat to U.S. jobs and economic recovery. He… Read More
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