FEDERAL RESERVE

Inflation in the United States economy marked a four-decade high with a 8.5% increase since last year, driven largely by surging energy prices that includes a 70.1% fuel cost hike.

The U.S. economy added 435,000 more jobs in March in the last nonfarm payrolls report of the year's first quarter. However, these numbers fell below forecasts that expected closer to 490,000 new jobs.

The U.S. economy saw 4.35 million more Americans quit their jobs in February as the Great Resignation continues apace.

Orders for U.S. durable goods fell by 2.2% in February, ending four consecutive months of growth.

The Federal Reserve is determined to continue raising interest rates throughout 2022, but it is causing a decline in mortgage applications and higher rates that disadvantage first-time home buyers.

U.S. retail sales fell in February, growing by only 0.3% after seeing a strong surge in spending in January. Rising inflation has been deemed the cause of this sharp decline.  

The Federal Reserve is expected to announce an interest rate hike on Wednesday to tame rising inflation, but does it risk also pulling the U.S. economy into a recession?

Wholesale inflation has gone up in the last year as producers grapple with the rising costs of final demand goods. This news comes before the Federal Reserve is expected to announce a hike in interest rates.

American consumers are not feeling any more confident in March than they were in February with many now concerned by how the war in Ukraine will drive up inflation at home.

The Labor Department reported close to 5 million job openings that are not being filled only a week before the Federal Reserve decides on whether it will hike interest rates.

The Fed's core inflation metric showed a rise of 6.1% in the last year ahead of the central bank's upcoming meeting in March, when it is expected to raise interest rates.

Mortgage applications plunged last week to levels not seen since the pre-pandemic era, falling 13.1% last week as the market continues to struggle with low housing inventory and higher home prices.

A president's legacy is built heavily on how well Americans believe in their management of the economy. But how much control though do they really have over it and what does it mean for President Biden?

Retail sales saw a notable boost in January with sales rising 3.8% despite concerns about the Omicon variant of COVID-19 and rising inflation.

The uphill battle against inflation for the U.S economy has only grown steeper after the price of wholesale goods more than doubled in the last month and soared by 9.7% for the last year.

The chief of the St. Louis Federal Reserve is urging the central bank to raise interest rates at the next month in March and bring an end to what he perceives as an overly accommodative monetary policy.

Americans’ credit card debt saw a 22-year high increase in Q4 to more than $860 billion now owed by households. This data arrives ahead of a meeting by the Federal Reserve next month when it is expected to raise interest rates.

The personal consumption expenditure (PCE) index, a key inflation metric preferred by the Federal Reserve rose by 4.9% in December. This was the highest single gain seen since September 1983. 

The Federal Reserve concluded its meeting on Wednesday without a firm commitment on changing interest rates but signaled it saw room for a hike in March in line with earlier forecasts.

Inflation struck a high point in December and reached a level of annual inflation at 7.0%, the highest seen since 1982.

The Federal Reserve is moving in the direction of raising rates to fight back against rising inflation in the economy, and Goldman Sachs has four scenarios where it expects the central bank to raise rates sooner.