Medium-term inflation expectations among American consumers rose to an eight-year high in July, according to a survey released on Monday by the New York Federal Reserve. Consumers’ expectations for what inflation will be at the three-year horizon increased from a median 3.6 percent in June to 3.7 percent in July, the highest level since August 2013,…
Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years
Consumer prices, excluding the volatile food and energy components, soared well beyond the Federal Reserve’s 2 percent target in the year to June, reaching levels not seen since 1991 and reinforcing concerns about inflation. The so-called core personal consumption expenditures (PCE) price index, which excludes food and energy and is the Fed’s preferred method for gauging…
As Prices Rise, Fed Dismisses Inflation Worries
WASHINGTON–Although inflationary pressures keep building in the U.S. economy, economists believe the Federal Reserve officials are unlikely to tighten monetary policy before seeing significant improvement in labor market recovery. From gas to groceries, Americans have started to see price increases in recent weeks as the economy reopens. Used car and truck prices, for example, surged…
Inflation Fears Grow as Commodity Prices Take off
WASHINGTON—Economists have started to feel more uncomfortable that the Federal Reserve could be too complacent with its inflation forecast and end up tightening the monetary policy a bit too late to prevent harmful inflation. Some economists have been warning for months that excessive government spending to help the country recover from the pandemic-induced recession could…
The Berenstain Bears Could Curb the ‘Stimulus’ Crowd’s Enthusiasm
March 19, 2021
admin
currency devaluationeconomic growthgovernment spendinginflationmonetary policymoneyOpinionViewpoints
0 Comment
Commentary “Besides,” added Papa, “sometimes the price of things goes up, like gas. The price of gas for our car went up twenty cents just last week! Maybe the same thing happens with teeth.” – Jan & Mike Berenstain, “The Berenstain Bears and the Tooth Fairy,” p. 8. Sister Bear has just lost a tooth. It had…
Monetary Policy: From a Tool to Help States Make Structural Reforms to an Excuse Not to Carry Them Out
Commentary The constant financing of deficits in countries that perpetuate structural imbalances has not only not helped to strengthen growth, since the eurozone and the United States already suffered downgrades of estimates before the COVID-19 crisis, but is also driving inflation higher. Monetary policy has been ultra-expansive for more than 10 years, in crisis, recovery,…
RBA Holds Cash Rates at Historic Low
The Reserve Bank of Australia (RBA) has announced it will keep cash interest rates at the historic low of 0.1 percent in the wake of its first board meeting in 2021 on Feb. 2. RBA governor Philip Lowe said that while the economy is bouncing back more strongly than anticipated, with GDP predicted to return…
In Pandemic, Fed Showed Its Muscle in Markets Still Matters
The U.S. Federal Reserve’s response to the coronavirus pandemic began on Feb. 28 with a 44-word statement of faith in the economy from Chair Jerome Powell, an old-school measure aimed at calming nosediving financial markets. Within weeks, though, its actions became so groundbreaking they cast the U.S. central bank as creditor to the world and…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta