U.S. Consumer Prices Hit Highest Level in a Year
The CPI rose 2.1% in November on a year-on-year basis but the Fed "doesn’t expect inflation to sharply exceed its 2% goal anytime soon."
BIS Spotlights Role of Large Banks in Repo Shock
The banks' diminished ability to supply funding at short notice could have "amplified the repo rate reaction" in September, a report says.
U.S. Job Growth Shatters November Forecasts
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”
U.S. Producer Prices Post Biggest Gain in 6 Months
"Inflation needs to accelerate noticeably for the Fed to consider raising interest rates, and that doesn’t appear to be in the cards."
Fed Cuts Interest Rates Again in ‘Insurance’ Move
“We took this step to help keep the economy strong in the face of global developments and to provide some insurance against ongoing risks."
Wells Fargo Profit Falls on Lower Interest Rates
The bank's CFO pointed to loan and deposit growth in the third quarter as evidence of strong fundamentals.
Fed to Cut Rates Again This Year, S&P Predicts
Another cut in December is "contingent upon an escalation in trade tensions, further weakness in global growth, and increased geopolitical tensions."
Powell Says Fed Grappling With Trade Uncertainty
“There are no recent precedents to guide any policy response to the current situation," the Federal Reserve chairman warns.
Banks Tend to See a Bright 12 Months Coming
They're particularly cheerful about the outlook for funding costs, given the recent cut in interest rates.
Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.