US: Fed minutes show majority of FOMC saw inflation as greater risk
Most Federal Reserve officials highlighted inflation risks as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank’s rate-setting committee. (Bloomberg)…
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US: Trump’s interest rate demands put ‘fiscal dominance’ in market spotlight
As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates, investors are weighing the risk of “fiscal dominance,” a scenario where keeping government financing cheap eclipses the fight against inflation…
US: San Francisco Fed offers up new way to monitor for US recessions
Federal Reserve Bank of San Francisco researchers offered a new warning gauge for recessions, adding to a suite of tools economists monitor to assess whether the US is headed for a downturn…
US: US retail sales rise in July; softening job market poses risk to spending
U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter.
US: Fed expected to stick with regular-sized rate cut after hot inflation data
A jump in U.S. wholesale prices last month looks to have all but erased the possibility that the Federal Reserve will deliver a jumbo-sized half-percentage-point interest rate cut in September, though expectations for a quarter-percentage-point move next month, followed by another in October, remain intact.
US: Fed can wait to adjust policy because job market is near full employment, Bostic says
Atlanta Federal Reserve President Raphael Bostic on Wednesday said a U.S. job market holding near full employment offers the central bank the “luxury” of being able to avoid rushing to make any policy adjustments…
US: Jobs data blasted by Trump seen by Fed officials as reason to cut
The data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it “rigged,” is being taken as serious evidence by Federal Reserve officials of a slowing economy and as a justification for the interest rate cuts Trump wants.
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