Investor Sam Zell voiced disapproval of the Fed's decision to raise interest rates by 50-basis points, saying the economy could be in trouble if they don't hike rates up to 100.
Supply-chain issues and resulting inflation may soon prompt rate hikes from the Federal Reserve. Here's what savvy property investors can do in response.
PWBM, a nonpartisan research-based initiative, estimates that the historic levels of inflation will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in 2019 or 2020.
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 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 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 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.
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 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.
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.
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.
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.
The fall in new company starts does not necessarily mean that the American economy is less dynamic than it used to be, or that Americans are opening up new establishments at a lower rate than they did in the late 1970s.
Customers tend to stay home in extreme weather conditions like the U.S. is now facing. But data show they are more likely to come back during cold snaps like this one.