The Economy

Experts React to Fed Chair Powell’s Renomination
The Economy

Experts React to Fed Chair Powell’s Renomination

The decision to stay the course with Powell was received positively, as both Powell and new vice-chair Lael Brainard are seen as relatively dovish.
By Vincent Ryan | November 22, 2021
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Build Back Better Would Raise Deficit, CBO Says
The Economy

Build Back Better Would Raise Deficit, CBO Says

With the CBO's earlier estimate of savings from tighter IRS enforcement, the legislation would boost the deficit by only $160 billion.
By Matthew Heller | November 19, 2021
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Record 4.4 Million Quit Jobs in September
The Economy

Record 4.4 Million Quit Jobs in September

With the pace of quitters, “employers are basically having to replace their entire staff in just a couple of months."
By Matthew Heller | November 15, 2021
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Experts React to 6.2% Rise in the CPI
The Economy

Experts React to 6.2% Rise in the CPI

Fuel oil prices in October were up 12.3% month-over-month and 59.1% compared with a year ago.
By Vincent Ryan | November 10, 2021
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Jobs Market Storms Back With 531,000 Gain
The Economy

Jobs Market Storms Back With 531,000 Gain

“This was a strong employment report that shows the resilience of the labor market recovery from the pandemic."
By Matthew Heller | November 5, 2021
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Labor Costs Gauge Surges 1.3% in Q3
The Economy

Labor Costs Gauge Surges 1.3% in Q3

“It is hardly surprising that employers are having to pay up given the shortage of qualified labor at the moment."
By Matthew Heller | October 29, 2021
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U.S. GDP Growth Slows to 2% in 3rd Quarter
The Economy

U.S. GDP Growth Slows to 2% in 3rd Quarter

"The October-December quarter will be very different; spending on services is already rebounding as delta subsides.”
By Matthew Heller | October 28, 2021
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Labor Shortage and Supply Disruptions Weighed on CFOs in Q3
The Economy

Labor Shortage and Supply Disruptions Weighed on CFOs in Q3

Finance chiefs report their firms are experiencing supply chain disruptions that are expected to last into 2022, according to The CFO Survey.
By Lauren Muskett | October 14, 2021
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U.S. Adds Only 194,000 Jobs in September
The Economy

U.S. Adds Only 194,000 Jobs in September

“Employment is slowing when it should be picking up because we’re still on the course set by the virus."
By Matthew Heller | October 8, 2021
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IMF Sees Inflation Easing, Upside Risks
The Economy

IMF Sees Inflation Easing, Upside Risks

Given the “uncharted nature” of the recovery from the coronavirus pandemic, “considerable uncertainty remains," the fund warns.
By Matthew Heller | October 6, 2021
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U.S. Trade Deficit Hits Record $73.3B
The Economy

U.S. Trade Deficit Hits Record $73.3B

Economists say the pace of the increase in imports is likely to slow in coming months as U.S. consumer demand cools down.
By Matthew Heller | October 5, 2021
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Consumer Confidence Dips on Delta Spread
The Economy

Consumer Confidence Dips on Delta Spread

"Assuming predictions of delta dropping hold true, this setback may be a three-month trough during the recovery rally."
By Matthew Heller | September 29, 2021
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Fed Signals Bond-Buying Taper Coming Soon
The Economy

Fed Signals Bond-Buying Taper Coming Soon

The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."
By Matthew Heller | September 23, 2021
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OECD Urges Caution on Easing Fiscal Support
The Economy

OECD Urges Caution on Easing Fiscal Support

"A premature and abrupt withdrawal of policy support should be avoided whilst the near-term outlook is still uncertain.”
By Matthew Heller | September 22, 2021
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Retail Sales Rebound in August With 0.7% Gain
The Economy

Retail Sales Rebound in August With 0.7% Gain

Consumers delivered an unexpected increase in sales despite the delta variant and supply-chain bottlenecks that have hurt auto production.
By Matthew Heller | September 16, 2021
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