Federal Reserve

Jobless Claims Rise Above Expectation to Highest Level in a Month

First-time filings for unemployment insurance-a proxy for layoffs-came in at 351,000 for the week ending Sept. 18, a rise of 16,000 from the previous week's revised level of 335,000.

The Epoch Times

Small-Business Optimism About Future Conditions Falls to 8-Year Low, Hiring Difficulties Hit 48-Year High

The level of confidence in the six-months-ahead outlook for business conditions fell to an eight-year low while hiring difficulties hit a 48-year high, a new report shows.

The Epoch Times

Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High

The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly higher 0.4 percent rate of monthly inflation.

The Epoch Times

Producer Prices See Biggest Annual Surge on Record, Stoking Broader Inflation Concerns

The Labor Department said in a Sept. 10 statement that, for the 12 months ending in August, the final demand producer price index (PPI) jumped by 8.3 percent, the highest number in the history of the series.

The Epoch Times

'Inflation Could Repeat Trajectory of 1960s': Economic Historian Niall Ferguson

Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a manner similar to the 2008 Global Financial Crisis.

Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High

The Labor Department stated in a report on Aug. 11 that the consumer price index (CPI) jumped 0.5 percent in July from June, which is less than the previous monthly increase of 0.9 percent.

The Epoch Times

Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years

Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.

The Epoch Times

Beware the Goldilocks Labor Data

The May non-farm payrolls number appears to be a Goldilocks figure but we’re not convinced. It's hot enough for the market to believe economic activity is accelerating yet not so hot as to force the FOMC's hand.

Thomas Hughes

Biden Picks Former Federal Reserve Chair Janet Yellen to Head Treasury Department

Yellen would be the first woman to hold the job, and the first person to hold the three most influential economic positions in government: chair of the Federal Reserve, head of the White House Council of Economic Advisers, and treasury secretary.

3 Takeaways for Business Owners in Light of the Federal Interest Rate Hikes

Monitoring key predictors, like federal interest-rate hikes, as opposed to relying on instincts, provides a far better road map for your business's future.

Expect the Fed Rate Hike to Impact Your Wallet

This is only the second time since the end of the Great Recession it has been increased.

Bob Bryan

Fed Records Show Dozens of Cybersecurity Breaches

The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.

Reuters