Stay updated with breaking news from Alan Blinder. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
America has seen Fedspeak reach a level so high that it risks the functioning of markets, allocation of capital and stability of the financial system. Fed cred matters for the central bank’s own autonomy.
“In much of the Western world, the liberal takeover of institutions is nearly complete. But the revolution isn’t coming.” — @verdur_in observes a reactionary backlash emerging instead https://t.co/7dw6VFWMqz
If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the Consumer Price Index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the Producer Price Index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a “soft landing” (i.e.,
The Federal Reserve is poised to leave its key interest rate unchanged Wednesday at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors. U.S. economic growth surged in the July-September quarter on the back of robust consumer spending,…
WASHINGTON -- The Federal Reserve is poised to leave its key interest rate unchanged today at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors.