Page 4 - Greg Daco News Today

THE FOUNDATION "It is necessary for every American, with becoming energy to endeavor to stop the dissemination of principles evidently destructive of the cause for which they have bled. It must be the combined virtue of the rulers and of the people to do this, and to rescue and save their civil...

The annual rate dropped from 9.1% to 8.5%, which does not alleviate the serious economic challenges ahead.

Compounding.

U.S. markets and stock exchange traded funds retreated after a surprisingly strong July jobs report fueled fears that the Federal Reserve's aggressive interest rate hike outlook might be extended.

The July jobs report dropped today, revealing that the U.S. has added 528,000 new jobs, officially recovering the 22 million jobs that were lost at the beginning of the pandemic, reported the Wall Street Journal.

With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shift to how deeply signs of an economic

By Howard Schneider WASHINGTON (Reuters) - With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on ...

Governor Jerome Powell is likely to increase rates by 75 bps in today's announcement, but the path ahead is blurred by contrasting data.

The move brings the target rate to between 2.25 percent and 2.50 percent, which is where it stood in the summer of 2019, its most recent high before the COVID-19 pandemic struck.

Inflation accelerated more than expected in June, and economists say it could be a "long, hard slog" before prices begin to normalize, despite strong action by the Federal Reserve.