We expect a net gain in total employment of 175,000 jobs and an unemployment rate of 4.2% when the employment report is released on Sept. 6. … READ MORE >
Jerome Powell
Powell at Jackson Hole: Policy pivot signals the start of rate cuts
The Fed will need to put forward an appropriate framework—including a possible new inflation target—to communicate the rapid changes affecting the economy to the public, policymakers and investors. … READ MORE >
Fed holds rates steady as it sets up for September cut
We expect that the FOMC will reduce the policy rate by 25 basis points at its September meeting and then do so again in December. … READ MORE >
FOMC preview: Dot plot to imply two rate cuts this year
We expect the Federal Open Market Committee to keep its policy rate unchanged between a rate of 5.25% and 5.5% at its meeting next week. … READ MORE >
Fed holds rates steady as rebound in inflation hampers progress
Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
Regime change: Businesses face higher costs in nominal and real terms
Whether it is high single-digit borrowing costs for large multinationals or double-digit financing costs for middle market firms, elevated interest rates have become a fact of life for firm managers. … READ MORE >
Fed holds rates steady as it implies three rate cuts in 2024
The primary takeaway from the Federal Open Market Committee’s policy statement and forecast is that the Fed, along with other major central banks, are likely to provide a near-synchronized set of rate cuts this year and next. … READ MORE >
U.S. employment report: Robust hiring continued in February
Sustained demand for labor in the American economy was on vivid display on Friday as the Labor Department reported that 275,000 jobs were created in February. … READ MORE >
FOMC policy decision: Setting the predicate for rate cuts
The Federal Reserve shifted its bias on monetary policy away from tightening to a balance of risks that favors neither rate hikes nor cuts. … READ MORE >
The Fed’s key wage gauge slows to lowest level since 2021
The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter. … READ MORE >