The Fed is 'flying blind' on the economy. Will this week's jobs data help?
Welcome to jobs week. Investors are eagerly anticipating a slew of news about the health of the US labor market over the next couple of days.
Source: cnn.com
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Top News In He Fed Today - Breaking & Trending Today
US consumer spending is expected to cool further but not fall off a cliff
After a remarkable summer of robust consumer spending and financial-market resilience, the US economy is widely expected to slow in the coming months as the Federal Reserve continues its historic inflation fight.
Source: cnn.com
New listings take a hit, possibly due to higher mortgage rates
Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much. Also, purchase applications data took another […]
Source: yahoo.com
Federal Reserve Chair Jerome Powell hints at more bad news for consumers
Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday.
Source: cnn.com
Is America's economy really as bad as Republican presidential candidates say it is?
To hear Republican presidential candidates describe the US economy, you’d think it was in a deep recession, with growth and productivity choked off by President Joe Biden’s policies.
Source: cnn.com