Us Economy No Longer Overheated, Fed's Powell Tells Congress

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Tue, 07/09/2024 - 3:07am

US economy no longer overheated, Fed's Powell tells Congress

Sections: u.s.

BING NEWS:

Trump advisers discussed demoting a Fed official — and it’s not Powell
Trump advisers have discussed demoting Fed board member Michael Barr from his job running bank supervision to have a more immediate influence on the Fed.
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Hard or Soft?
Does the economic data still mean what we think it does? Maybe not, says John Mauldin. Plus a way you can help hurricane victims.
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US economy added 254K jobs in September, well above expectations
FED'S POWELL: POLICYMAKERS NOTED ‘ARTIFICIALLY HIGH’ JOBS DATA, REVISIONS IN RATE CUT DECISION Private sector payrolls grew faster than LSEG economists' expectations, with 223,000 jobs added ...
10/4/2024 - 1:32 am | View Link
Fed Chair Jerome Powell’s next rate cuts will be much smaller
That’s close to the Fed’s goal of 2%, but there’s a catch. Core inflation (excluding volatile items like gas and groceries) is still running at 2.7%. Core inflation matters more because it reflects ...
09/30/2024 - 9:47 am | View Link
A 'Roaring '20s' economy is becoming more likely as bullish factors stack up, UBS says
"With the mid-point of the 2020s only three months away, and the final stage of the post-pandemic normalization underway with the start of Fed rate cuts, it's no longer too soon nor too optimistic ...
09/30/2024 - 4:39 am | View Link
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