Fed's unique position highlights American Exceptionalism
网页1 天前 · Today, American Exceptionalism continues to stand out in both obvious and nuanced ways. Central banks around the globe are becoming more active supporters of economic activity, while the Federal Reserve hesitates to ease aggressively. This divergence highlights the unique position the United …
Generational wealth gap widens as millennials lag behind
网页2024年8月30日 · This is less than the 3.5% they held in 1989, and it means they have less than $60,000 in wealth on average. This data reveals a growing divide: the wealthiest 0.1% are not just outpacing the bottom 50%, but also widening the gap with the top 1% and top 10%. This trend shows that wealth is becoming more concentrated at the top.
How Data Revisions Shape the Federal Reserve's Policy Decisions
网页2024年1月31日 · Fed Governor Christopher Waller's reflections underscore a key challenge: the necessity of making decisions based on the data available at the moment, despite its potential for later revision.This issue becomes particularly thorny when these revisions are not minor adjustments but game-changers, significantly altering the economic landscape perceived by policymakers.
Rising oil prices threaten Fed's easing strategy
网页2 天之前 · Inflation break-evens in the U.S. climbed further with the rise in crude oil prices. Although the 5-year break-even at 2.20% isn't high enough yet to threaten the Fed's easing plans, a 20 basis point rise over the past four weeks is significant. Higher oil prices put pressure on the Fed's outlook. While Fed officials haven't explicitly changed ...
Assessing the Shift in US Economic Exceptionalism Amid Global …
网页2024年5月8日 · Recent discussions around the perceived "end of US exceptionalism" have sparked interest and debate among economists and market watchers. This shift in narrative follows a series of economic indicators that suggest a mild slowdown in the US economy. Notably, the April non-farm payroll (NFP) growth was less robust than expected, and the first ...
Soft landing for the Fed, but Americans still struggle
网页2024年9月3日 · In his remarks last month, given at an annual economic symposium in Jackson Hole, Wyoming, Powell underscored how the Fed’s sharp rate hikes succeeded much more than most economists had predicted in taming inflation without hammering the economy — a notoriously difficult feat known as a “soft landing”. “Some argued that …
US consumer growth shows stability in August
网页2024年9月28日 · Real personal consumption expenditures in the U.S. rose 0.15% month-on-month in August. This figure suggests a strong third quarter for consumer spending. If growth in September is similar, it would translate to quarter-on-quarter growth of over 3% on an annualized basis. Experts expect consumer demand to remain resilient.
Federal Reserve Adjusts Easing Cycle Timeline, Impacting Global …
网页2024年4月30日 · Recent economic data from the United States has significantly shifted projections regarding the Federal Reserve's monetary policy, pushing the expected commencement of the Fed's easing cycle from December 2024 to 2025.This adjustment is a reflection of stronger than anticipated economic indicators, suggesting that the next policy move might be an interest rate hike rather than a cut.
Federal Reserve Likely to Cut Rates by 25 Basis Points
网页2024年9月10日 · Barring a crash in the risky asset market between now and September 18, the Fed is likely to cut interest rates by 25 basis points. They are very likely to signal that further cuts could follow and that they would be open to more cuts if the "totality of the data" (to use Jay Powell's words) warrants it. Fears that the Fed is not accommodative ...
OpenAI faces financial struggles amid leadership departures
网页5 天之前 · OpenAI faces financial struggles amid leadership departures. OpenAI, a leading artificial intelligence company, is projected to lose between $4 billion and $5 billion this year. In the coming six months, it plans to shift from a non-profit to a for-profit entity, yet it is expected to continue incurring substantial losses.