And yet on the committee, we have pushback almost. Maybe after that, Fed Governor Michael Barr had this to say. I'm concerned that we're seeing inflation still around 3%.Inflation is closer to three, that it is to two. What do you make of that argument. How persuasive is it.It's not persuasive to me, and I'll tell you why. All of the inflation excess, almost all of the inflation excess is a mirage. It's not indicative of supply demand imbalances.And so, for example, if you look at the housing market, right, ...

And yet on the committee, we have pushback almost. Maybe after that, Fed Governor Michael Barr had this to say. I'm concerned that we're seeing inflation still around 3%.Inflation is closer to three, that it is to two. What do you make of that argument. How persuasive is it.It's not persuasive to me, and I'll tell you why. All of the inflation excess, almost all of the inflation excess is a mirage. It's not indicative of supply demand imbalances.And so, for example, if you look at the housing market, right, ...

Andrew, good morning. I am here with Susan Collins, the Boston Fed president. Susan, thanks for joining us again.>> Absolutely. Delighted to be with you. >> Yeah, nice place to be.Um, let me start off by asking before we get to the whole rate discussion, which is obviously on the market's mind about your outlook and how say yesterday's jobs report did or didn't influence that outlook. >> So, you know, obviously very good to get the data, but it was from September. Um, and it was mixed.It didn't significantl ...

US inflation-adjusted wages stagnated for second-straight month, indicating a cooling labor market and continued price increases are limiting consumers’ spending power https://t.co/U8BI7UDSxX ...

Welcome back. In an op-ed for the Wall Street Journal titled, "The Democrat's challenge for the 2028 election," former Chicago Mayor Rahm Emanuel writes this in part. Much as we all celebrated our victories, the recent election results were more a repudiation of Mr.. Trump's GOP than an affirmation of the Democrats agenda. Moving forward, however, Democrats have to do more than simply muzzle their unsuccessful messages. They need to craft a narrative, an agenda that reflects America's middle class economic ...

story. I want to bring into this conversation uh Bill Egan. He is the chief investment officer of the Absolute Return Fixed Income Group at JP Morgan Asset Management.Uh we've had a wild ride in the equity markets. Uh it's been quite a thing to to see. >> These guys are stuck.>> Yeah. Given the inflation picture and the unemployment picture, they're smacking against each other in the wrong directions. >> Yeah.What's interesting, Andrew, is um you know, 10 and 30-year yields are higher now than when Fed fund ...

JOUMANNA: THIS IS "HORIZONS:MIDDLE EAST & AFRICA." EQUITY SELLOFF IN WALL STREET SPREADS TO ASIA AS INVESTORS PULLED BACK FROM RISKIER ASSETS AMID RENEWED CONCERNS OVER AI AND FED CUT UNCERTAINTIES. THE YEN WHIPSAWED AFTER JAPAN'S FINANCE MINISTER WARNED OF POTENTIAL INTERVENTION WITH PRIME MINISTER TAKAICHI POISED TO PROPOSE A STIMULUS PACKAGE. PLUS, A WAR OF WORDS BETWEEN SOUTH AFRICA AND THE U.S. OVER THE G20 SUMMIT.IT HAS BEEN SO FAR MARRED BY A DIPLOMATIC DISPUTE BETWEEN THE TWO NATIONS OVER WHAT CONST ...

Thanks to a scarcity of government data on how much (or little) consumers are spending, Wall Street is analyzing this quarter’s retail earnings reports even more closely than usual. And those numbers have made one thing clear: Walmart is still the retail king. The country’s largest retailer not only beat earnings and revenue estimates during its third quarter but also bumped its full-year sales and earnings outlook higher. That’s the second quarter in a row Walmart has increased its forecast for the year, ...

“September’s payroll numbers may have surprised to the upside, but in terms of the Fed’s December interest rate decision, October is what mattered,” said Ellen Zentner at Morgan Stanley Wealth Management. “With that data now delayed until after the FOMC meeting, the Fed’s rate-cut path has more question marks.”The U.S. Labor Department’s report on Thursday showed that nonfarm payrolls rose by 119K in September, stronger than expectations of 53K. At the same time, the U.S. unemployment rate unexpectedly tick ...

A key measure of euro-area pay growth eased, supporting the ECB’s expectation that sticky services inflation will moderate https://t.co/YMPK0RfZwV ...