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Thursday, August 18, 2022

Jeff Cox

Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead

Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve board member Christopher Waller said Wednesday.That means the central bank lik...

Consumer fears over inflation hit a record high in March, New York Fed survey shows

A motorist pumps gas at a Valero station along Encinitas Blvd in Encinitas, CA on Tuesday, April 5, 2022.Sandy Huffaker | The Washington Post | Getty ImagesWorries are increasing over inflation, with new Federal Reserve data showing a record-high fear ...

Yellen warns that war in Ukraine will have ‘enormous’ global economic impact

U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on "the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022.Tom Brenner | ReutersTreasury Secretary Janet Ye...

Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs

Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.That view, expressed in a CNBC interv...

There are now a record 5 million more job openings than unemployed people in the U.S.

Pedestrians walk past a Now Hiring sign in Arlington, Virginia, on March 16, 2022.Stefani Reynolds | AFP | Getty ImagesAn increasing number of Americans quit their jobs in February, while the gap between available positions and the unemployed grew even...

Fed Governor Waller says half-point rate hikes could be needed as ‘inflation is raging’

Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one or more 50 basis point interest rate hikes this year to tame inflation.Though he voted this week for just a 25 basis point move due to uncertain...

St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year

James BullardDavid Orrell | CNBCSt. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation.As the lone diss...

Insana: Russia’s Ukraine invasion is a turning point for investors as the world changes

A Trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022.Brendan McDermid | ReutersSince the end of World War II, the entire economic architecture of the planet has changed.Whether it was the formation of ...

Job openings hold above 11 million, nearly 5 million more than the total unemployment level

A "Now Hiring" sign outside a King Soopers supermarket location in Louisville, Colorado, on Tuesday, Jan. 4, 2022.Chet Strange | Bloomberg | Getty ImagesJob openings outnumbered available workers by nearly 5 million in January, the latest sign of a his...

Chicago Fed’s Charles Evans cautions on inflation’s hit to small businesses

Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday.Even with average earnings flattening out in February, Evans told CNBC that he hears from smaller companies ...

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