Browsing: Talous
Wholesale prices rose in line with expectations in August, the final inflation data point as the Fed prepares to cut interest rates.The U.S. Bureau of Labor Statistics said Thursday that the producer price index, a measure of the cost received by producers of final demand goods and services, rose 0.2% this month. This was in line with the Dow Jones consensus forecast.Excluding food and energy, PPI rose 0.3%, slightly higher than the market consensus of 0.2%. Excluding trade services, core growth was the same.The overall 12-month PPI rose 1.7%. Excluding food, energy and trade, the annual growth rate was 3.3%.In…
Bronze seal next to the door of the U.S. Treasury Building in Washington, U.S., January 20, 2023. Kevin Lamarque | ReutersThe U.S. Treasury Department reported on Thursday that the U.S. government’s interest payments on its $35.3 trillion Treasury debt exceeded $1 trillion for the first time this year.As the Federal Reserve maintains its benchmark interest rate at the highest level in 23 years, the government has allocated US$1.049 trillion in debt service funds, a 30% increase from the same period last year and part of the US$1.158 trillion expected full-year repayment.Excluding interest earned on government investments, net interest payments totaled…
Federal Reserve Chairman Powell speaks at a press conference after the two-day Federal Open Market Committee interest rate policy meeting in Washington, the United States, on July 31, 2024. Kevin Mohart | ReutersFederal Reserve officials moved closer to their low-inflation goal when they met on Tuesday, but the extent to which they will ease interest rates remains an open question.Inflation data for the week showed price pressures have eased sharply since a meteoric rise in 2021-22. A measure of consumer prices showed 12-month inflation at its lowest level since February 2021, while a measure of wholesale prices showed pipeline price…
If Robert Kaplan still had a say in the matter, he would push for a half-percentage point rate cut at this week’s Fed meeting.The former Dallas Fed president told CNBC on Tuesday that a bold move of 50 basis points would put policymakers in a better position heading into the second half of the year and dealing with future economic challenges.”If I were sitting at the table, I would advocate for 50 people at this meeting,” Kaplan said in an interview with “Squawk Box.” “I think the Fed meeting would probably be a little later, if I were to do…
Employees at the counter of restaurant, bakery, Manolo, Miami Beach, Florida. (Photo by Jeffrey Greenberg/Universal Images Group via Getty Images)Jeff Greenberg | Universal Image Group | Getty ImagesLatinos contribute significantly to the U.S. economy.The Latina female population contributed $1.3 trillion to gross domestic product (GDP) in 2021, up from $661 billion in 2010, according to a new report sponsored by Bank of America.This marks a real GDP growth rate of 51.1% between 2010 and 2021, which means the economic contribution is 2.7 times that of the non-Hispanic population.Citing data from the Bureau of Economic Analysis, the report noted that the…
Bridgewater Associates founder Ray Dalio speaks onstage at The Wall Street Journal’s 2024 Future of Everything Festival at Spring Studios on May 22, 2024 in New York CityDia Deepasupil | Getty Images Entertainment | Getty ImagesSINGAPORE – US billionaire Ray Dalio has listed five major forces at the front and center of the world economy. The founder of Bridgewater Associates said in a speech at the Milken Institute Asia Summit in Singapore that these five factors are interrelated and often cyclical. Dalio made the remarks Wednesday ahead of the Federal Reserve’s rate decision.1. Debt, Currency and Economic CyclesDalio expressed concerns…