Via New York's The Sun,
James Grant was one of three recipients of the 2019 Bradley Prize. Roger Kimball and Judge Janice Rogers Brown were likewise honored. At the May 7 award ceremonies at Washington, the famed editor of Grant’s Interest Rate...
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Huawei gets a breather, trade tensions are snaring everything from tech workers to vital rare-earth minerals, and the Fed’s chairman is...
Related topics: Huawei
The Fed’s struggle to coax inflation to its 2 percent target signals the faltering of a foundational economic relationship. That could create a problem in the next recession.
Related topics: Inflation
Voters in key swing states are fed up with Trump’s racist anti-immigrant policies, according to polling released Monday by Priorities USA. Half of the voters in Florida, Michigan, Pennsylvania, and Wisconsin say Trump’s stance on...
Related topics: Immigration
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Ping An Insurance Co. of China Ltd....
Related topics: China
“Their economic fundamentals are fundamentally different,” said Christopher Kurz, an economist at the Federal Reserve.
Mr. Kurz and his colleagues last year analyzed income, debt, asset and consumption data to figure out how millennials compared...
From the Chicago Fed: Index Points to Slower Economic Growth in AprilLed by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from +0.05 in March. Three of the four broad categories...
April saw slower growth than March as declines were seen in the production-related indicators of Chicago Fed National Activity Index.
Nothing captures the imagination of the political press like the all-important, quasi-talismanic “swing voter.” And so, with the 2020 presidential election now a mere 18 months away, the electorate is already being fed a steady diet of punditry...
Related topics: United States Presidential Election
Weekend:• Schedule for Week of May 19, 2019Monday:• 8:30 AM ET, Chicago Fed National Activity Index for April. This is a composite index of other data.From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 8 and DOW futures are up...
Related topics: Cnbc, Bloomberg
Submitted by Chris Wood, via Grizzle
The focus of financial markets this week has again been the U.S.-China trade deal triggered by the much Twitter-driven news dynamic courtesy of the Donald. But the issue of the Federal Reserve also remains...
Related topics: Inflation, China, Social Media, Twitter (business)
Consumer credit: both producer and consumer sides of the ledger show mortgage market OK, increasing stress for other loans The New York Fed reported on household debt and credit. The good news is that there has been no increase in total...
Related topics: Mortgages
The key reports this week are April New and Existing Home Sales.For manufacturing, the May Kansas City manufacturing survey will be released.----- Monday, May 20th -----8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite...
Related topics: Polls
One of the main goals of the Federal Reserve's monetary policies of the past decade was to generate the "wealth effect": by pushing the valuations of homes higher, would make American households feel wealthier. But it didn't. Most Americans can't...
Related topics: Amazon, Amazon (AMZN)
Department of Transportation Undersecretary Derek Kan is not being seriously considered for a spot on the Federal Reserve board, according to a White House source familiar with the nomination process.
Related topics: White House
The right response to almost all economic data releases is: Nothing has changed—your view of the economic forecast today is different from what it was last week, last month, or three months ago in only minor ways.
Federal Reserve Bank of New...
Related topics: Banking
From Merrill Lynch: Based on the latest high frequency data, 2Q GDP is already tracking only 1.8%, down 0.3pp from our prior forecast. [May 17 estimate]emphasis addedFrom the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 1.8% for...
Related topics: Merrill Lynch
From Kathy Lien:
This has been a great year for oil. The price of crude is up 30 percent from its December low and oil bulls are wondering if there’s more room to rise. The economy is recovering and many central bankers including Federal...
Judging by several key economic indicators, it’s reasonable to assume that inflation will remain steady a moderate pace. US GDP growth in the first quarter quickened to a solid 3.2% increase and the labor market expanded at a strong pace in April....
Related topics: Inflation
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.