Economy

A ‘humble’ Fed ramps up inflation forecast as prices jump

The rate-hike prediction sent stocks tumbling and bond yields rising as investors grappled with the possibility that the Fed would…

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Price surge sparks new attacks on Biden but shrugs from Wall Street

“It’s probably time to be a little worried,” said Jack Ablin, chief investment officer at Cresset Capital. “Obviously, the Fed…

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Biden’s back door to wage hikes

“The ‘shortages’ we are seeing in lower-wage jobs and the accompanying wage pressures are an early sign of success” for…

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Bargain hunters pounce as Trump condo prices hit decade lows

Bargain hunters are swooping in to take advantage of prices in Trump buildings that have dropped to levels not seen…

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U.S. adds modest 559,000 jobs, a sign of more hiring struggles

Many large chains, including Amazon, Walmart, Costco, and Chipotle, have raised starting pay to better attract applicants. Yet so far,…

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Biden’s budget blowout predicts years of Obama-level tepid growth

Some analysts suggested that the administration is essentially admitting that its proposed surge in federal spending — which administration officials…

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A Biden-friendly economist is creating a big headache for president’s spending plans

The study — which found that the employment rate for parents of young children actually declined at a lower rate…

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Tax the rich? Executives predict Biden’s big plans will flop

“With business-minded and more centrist members on the Democratic side in both the House and Senate, they look at the…

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Biden pressed to send clear message on economy as warning signs flash

“The economy is the big issue,” Jennings said, pointing to everything from temporary gasoline shortages spurred by the pipeline hack…

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The Psychology of QE is Far More Important Than the Amount of It

John Hussman has an interesting take on “Quantitative Easing!” vs “Quantitative Easing” in his latest monthly missive Counting the Chickens…

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