Page 16 - Ryan Sweet News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"The US is holding up much better than other countries," said Ryan Sweet, Chief US Economist, Oxford Economics. "It seems like the engine of the US economy…

A fast-growing economy, low jobless numbers and falling inflation - how the US outpaced competitors.

The S&P 500 rose into new territory on Friday while the tech-heavy Nasdaq jumped over 1% after revisions to inflation data turned out to be nothing to worry about.

That final word is also likely the final hurdle between policymakers and interest rate cuts which likely won't begin until "elevated" is dropped from the Fed's policy statement in favor of a new phrase acknowledging inflation was closing in on the central bank's 2% target. With inflation now below the level that caused the Fed to call it "elevated" in the first place, a turn in the policy statement could come as soon as the Fed's March 19-20 meeting and open the door to rate cuts beginning after that. Assuming inflation continues toward a lower path po...

As they navigated the onset of the COVID-19 pandemic Federal Reserve officials had a steady progression of descriptions for inflation, first saying it remained too low, then calling its rise... -February 08, 2024 at 12:52 pm EST - MarketScreener