Jay Powell’s rate cut conundrum
Non-farm payroll numbers have been revised down over the summer, the jobs opening rate is back near pre-pandemic levels and small business hiring plans are subdued. Put simply, the risk of over-constraining the American jobs market seems to be greater than the risk of US inflationary pressures reviving again.
Jay Powell argued this week that the Fed is not 'behind' as it starts rate cuts. His main task in the coming months is to ...
Plus, court hearing begins in Murdoch succession saga and the FT Business Book of the Year shortlist is announced ...
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President Biden says he has "never once spoken to the chairman of the Fed since I became president," despite a May 2022 ...
The labour market and inflation data haven’t exactly screamed for a massive cut, but that hasn’t stopped the market from placing its bets. With a 50bp cut looking like a sure thing, disappointment ...
“The U.S. economy is in good shape,” Powell said. “It's growing at a solid pace. Inflation is coming down. The labor market ...
The Powell Memo was the Project 2025 of the Nixon era—a detailed program for establishing and entrenching right-wing power ...
Houston Texans quarterback C.J. Stroud put together one of the best rookie campaigns ... He said he could tell by the ...
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Bummed Out Larry Kudlow Slams ‘Election Gift’ to Kamala Harris After Markets Hit Record HighPowell sent Kamala Harris a 50 basis point election gift and completely contradicted himself on the economy. Whatever. The ...
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