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Thursday, August 18, 2022

Jeff Cox

Fed GDP tracker shows the economy could be on the brink of a recession

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022.Tom Williams | CQ-roll Call, Inc. | Getty Images...

Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes

Federal Reserve Vice Chair Lael Brainard said Thursday that it's unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.Though she stressed that Fed policymakers will remain data-dependent, Brainard said the mo...

Job openings show sharp decline, but still vastly outnumber available workers

A man walking a dog passes by a help wanted sign advertised along East Main Street in East Islip, New York on February 17, 2022.Newsday LLC | Newsday | Getty ImagesJob openings fell by nearly half a million in April, narrowing the historically large ga...

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on February 13, 2020 in Washington, DC.Sarah Silbiger | Ge...

Americans were worried about the economy even before inflation exploded, Fed survey shows

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.Jim Watson | AFP | Getty ImagesAmericans already were getting nervous about the state of...

CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows

Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to a closely watched business survey released Wednesday.The Conference Board measure of CEO sentiment showed that 57% of responden...

Household debt nears $16 trillion despite rising rates and inflation

Representative Rashida Tlaib (D-MI) joins activists in a demonstration outside an entrance to the White House calling for the cancellation of student debt in Washington, U.S., April 27, 2022.Evelyn Hockstein | ReutersEven with rampant inflation and rap...

Fed’s Neel Kashkari confident inflation can come down, but not without some pain

Minneapolis Federal Reserve President Neel Kashkari said Monday he's confident inflation will come back to normal though it's taking longer than he expected.Acknowledging that he was on "team transitory" in believing that surging prices wouldn't last, ...

Inflation outlook for consumers falls from record high, Fed survey shows

A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022.David Paul Morris | Bloomberg | Getty ImagesConsumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably mo...

Feds propose first major revamp to fair housing rules since 1995

Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022.David Paul Morris | Bloomberg | Getty ImagesBank regulators on Thursday pro...

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