Podcast: Clues In The News – Inflation, Interest Rates, Stocks, Bonds, and Layoffs
Record inflation, trouble on Wall Street, a hemorrhaging bond market … And a wave of corporate layoffs to start off 2023 …
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Newsfeed: Fed minutes: No rate cuts in 2023, inflation risk remains in focus
No Federal Reserve officials thought it’d be appropriate to begin cutting rates in 2023, and officials worried easing financial conditions could complicate the central bank’s efforts to bring down inflation, according to internal discussions at the Fed’s policy meeting three weeks ago.
Newsfeed: Federal Reserve raises interest rates to highest since 2007, sees higher rates in ’23
The Federal Reserve raised short-term interest rates Wednesday by 0.50%, bringing benchmark interest rates to the highest level since 2007 while suggesting more rate hikes are coming in 2023.
Newsfeed: Will Higher Mortgage Rates Boost Demand for Rentals? Probably Not.
Mortgage rates are up, so fewer people can afford to buy homes. That means additional demand for single-family rentals and apartments, right? Well, probably not. We’re increasingly skeptical of that prevailing view.
Newsfeed: Governor DeSantis Announces Florida’s Unemployment Rate Drops to Historic 2.7 Percent as State’s Job Creation Skyrockets
Today, Governor Ron DeSantis announced Florida’s unemployment rate dropped to a historic 2.7 percent in July as the state’s job creation skyrocketed. Florida’s July 2022 unemployment rate is the lowest since February 2020 and this level has only been reached three times since Florida began recording unemployment data in 1976.
Newsfeed: Jobs report: U.S. economy adds 528,000 jobs in July, unemployment rate falls to 3.5%
The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession.
Newsfeed: Fed to Inflict More Pain on Economy as It Readies Big Rate Hike
The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Growth is already slowing in response to the Fed’s repeated interest rate increases, with the housing market softening, technology companies curbing hiring and unemployment claims edging up.
Newsfeed: What Is Stagflation And Why Has The Establishment Been In Denial About It?
Unless you were an adult living in the US through the crisis of the 1970s into the early 1980s, you probably have no memory or experience with the concept of stagflation. In general, most economic downturns involve deflationary pressures only …
Newsfeed: Powell Facing Choice Between Elevated US Inflation and Recession
Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices.
Newsfeed: Former Fed economist Stephen Roach sounds the stagflation alarm: ‘The markets are not even close to discounting the full extent’
A combination of high inflation and slowing growth is setting the U.S. on a path to stagflation, according to a renowned former Federal Reserve economist Stephen Roach.