Fed Chair Powell Left Open Possibility Of Hiking More Aggressively Should Inflation Persist
Fed Chairman Jerome Powell said Wednesday he still sees interest rate hikes ahead though he noted the “implications for the U.S. economy are highly uncertain” from the Ukraine war.
U.S. Inflation Tends to Be More Urban than Rural
Consumer prices in the U.S. accelerated last year predominantly in large U.S. metropolitan areas seeing an influx of new residents than in the nation overall, while inflation was milder in large coastal cities with less population growth.
U.S. Economy Shedding Workforce
Total nonfarm payroll employment in the United States declined by 301,000 in January, largely missing out on market expectations, Automatic Data Processing Inc. (ADP) revealed in its report released on Wednesday.
Agrifood Analytics Lab: “Access to Food will be Challenge this Winter”
Throughout the Covid-19 pandemic, U.S. shoppers have encountered the effects of everything from supply chain disruptions to pandemic-related labor constraints which have led to more and more pronounced grocery store shortages.
Make No Mistake: Current Inflation Snapshot and Outlook are Really Intimidating
U.S. consumers have been facing the steepest price increase in almost four decades, paying more for everything from cars to gasoline to food as uncomfortably hot inflation erodes most workers' wage gains.
Fed Minutes Scared Investors
Minutes from the Fed's December meeting released on Wednesday, January 5, showed that officials had discussed tapering the U.S. central bank’s asset holdings amid surging omicron infections setting new daily records as well as raising interest rates sooner than expected to fight inflation.
U.S. holiday retail sales rise 8.5% as online shopping booms – Mastercard
U.S. retail sales rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec. 24, powered by soaring e-commerce sales, a report by Mastercard Inc said on Sunday.
Big Companies’ CEOs Spotted Selling Their Shares Before Net Investment Income Tax Rules Come into Effect
Top executives and the company leaders like the Waltons, Mark Zuckerberg, and Google’s co-founders have sold $63.5 billion worth of stakes in their companies through November, up 50% from 2020.
Elon Musk Sees Problem Not in Too Many Teslas, but in Too Few Buyers
Tesla and SpaceX CEO Elon Musk wants people to have more babies. “There are not enough people,” Musk told a Wall Street Journal event this week.
Black Friday’s and Cyber Monday’s Combined Retail Sales Didn’t Live Up to Investors’ Expectations
U.S. Cyber Monday sales were flat, as online retailers offered fewer discounts because of limited inventory and more shoppers returned to stores for purchases.
U.S. Foreign Trade Deficit Trimmed in October but Remains Historically Elevated
According to the U.S. Department of Commerce, in seasonally adjusted terms, the U.S. foreign trade deficit slowed down to a monthly pace of 14.6% to reach a still-alarming $82.9 billion.
Investors Stiff Their Upper Lip Eyeing Fed’s Firm Stance on Bond Purchase Tapering
Stock-market investors took the Federal Reserve’s decision Wednesday to begin tapering its monthly bond purchases without a hysteria, erasing early losses to see the Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite score a fourth consecutive round of record closes.
Never Ending Debate About Whether Inflation is Transitory or Permanent Spiced Up by Stagflation Talks
According to Barron’s citing of Oxford Economics report, the U.S. is experiencing a rare phenomenon showing still strong, but cooling, demand that is being challenged by constrained, but accelerating, supply leading to some kind (transitory or sticking) inflation.
U.S. Senate’s McConnell Offers Temporary Solution as Dems Face Series of Debt Filibusters
Yesterday Minority Leader McConnell was briefed by media saying he will offer Democrats several ways to avoid a default on U.S. debt in the coming days.