Fed needs a recession to win inflation fight, study shows
The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks' past inflation battles.
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U.S. economy losing momentum as retail sales post biggest drop in 12 months
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.
Soaring US egg prices put pressure on consumers, businesses
OMAHA, Neb. (AP) — Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on grocery aisles.
The answer to when inflation will revert to its long-run average likely depends on whether we are still in the “Great Moderation” regime of less volatile inflation.
Noncyclical Rate of Unemployment | FRED | St. Louis Fed
Graph and download economic data for Noncyclical Rate of Unemployment from Q1 1948 to Q4 2032 about NAIRU, long-term, projection, unemployment, rate, USA, labor underutilization, headline figure, civilian, 16 years +, labor, and household survey.
St. Louis Fed’s Bullard Presents The Prospects for Disinflation in 2023
Federal Reserve Bank of St. Louis President James Bullard presented 'The Prospects for Disinflation in 2023' at an event hosted by CFA Society St. Louis.
These 7 charts show how life got pricier (and, yes, cheaper!) in 2022
Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)
Are State Economic Conditions a Harbinger of a National Recession?
An analysis of state-level economic growth suggests that a certain number of contracting state economies could signal the start of a national recession.
Are State Economic Conditions a Harbinger of a National Recession?
An analysis of state-level economic growth suggests that a certain number of contracting state economies could signal the start of a national recession.
Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2022 | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.
30 Newest Unusual Economic Indicators You Never Considered - #moneyhungry
I love checking out the different list of economics that give insight into the overall strength of the economy. But, it’s always fun to think about the newest indicators that are a result of new technology, different habits and ways of working. There are a number of economic indicators that I haven’t seen on any […]
Thomas Barkin, Richmond Federal Reserve President, was poring over the latest inflation-related data one morning this June after breakfast with bank interns when he saw an alarming sign. Prices had surged in May, after a slight drop in April that had raised hopes that a recent uptick in inflation would be short lived.