The US central bank has announced its biggest interest rate increase in more than two decades as it toughens its fight against fast rising prices. The Federal Reserve said it was lifting its benchmark interest rate by half a percentage point, to a range of 0.75% to 1% after a smaller ris...
The used-car prime segment, for example, has become more addressable thanks to a combination of two factors: an increase in the consumer price index for used cars and trucks of 40 percent between January 2021 and July 2022 (due to supply shortages); and the ongoing upward credit mig...
In March 2022, the Federal Reserve tackled inflation with its traditional tools – raising interest rates and tightening the money supply by selling bonds, pulling dollars out of the economy. But not only have prices not gone down since then, they are going up. As observed in a July 15 ar...
Kashkari speculated markets are mispricing the “neutral rate,” or whereinterest rates need to be setto maintain the Federal Reserve target inflation rate of 2%.2The Fed’s campaign of rate hikes over 2022 and 2023 served to bring inflation down from as high as 9%, butprice pressures have...
加息interest rate increase资产负债表balance sheet收缩全球资产流动性shrink global liquidity资本外流capital outflows货币贬值currency depreciation发展中经济体developing economies相对稳健的基本面relatively sound fundamentals庞大的外汇储备large foreign exchange reserves稳定的贸易顺差a steady trade surplus溢出效应spillover...
Forty percent of consumers expressed an intent to splurge over the next three months, which represents a two-percentage-point increase from the end of 2023. As usual, Gen Zers and millennials said they were more inclined to make “treat yourself” purchases compared with older generations....
Many expect the inflation data is likely to keep the Federal Reserve on track to increase interest rates by 0.75 percentage point at its meeting in November. The central bank has already raised rates by that amount in its past three meetings.While prices soar, data shows that jobless claims ...
However, these figures represent an increase over last year when the jobless rate was 3.8%, and the number of unemployed people stood at 6.4 million. “The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.6 million in October,” it stated. “Thi...
increase US production of strategic technologies like electric vehicles, batteries, renewable energy, and semiconductors.9Since the passage of these pieces of legislation in August of 2022, spending on manufacturing construction has risen to historic highs, with investment in structures increasing 10.8% ...
Although the rate rose, the US economy continued to add jobs, with over 339,000 workers being added to the payroll. However, this was not enough to offset the 440,000 increase in unemployed workers, which in May reached 6.1 million people. ...