Stay updated with breaking news from Nathan Sheets. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With frameworks for assessing the U.S. economy upended by the pandemic and its aftermath, it’s hard to know whether the economy’s healthy conditions can endure
Consumer spending has beaten expectations, but that’s not likely to last forever, Nathan Sheets writes in a guest commentary.
Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. As the Fed raised interest rates at the fastest pace in four decades to fight high inflation, most economists warned of a recession, possibly a painful one, with waves of layoffs and rising unemployment. The unexpectedly rosy picture — one that's sure to be subject ...
A year ago, most economists had envisioned a much darker outlook.
Chair Jerome Powell will enter this week's Federal Reserve meeting in a more desirable position than expected: Inflation is getting close to the target rate, the economy is still growing at a healthy pace, consumers keep spending and unemployment is near a half-century low.