FED’S POWELL: TO INCREASE RATES, WAGES WOULD NEED TO TAKE OFF
–FOMC Keeps Rates Unchanged; ‘Dot Plot’ Sees No Rate Changes for 2 Years By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chairman Jerome Powell Wednesday said he would have to see wage growth take off, accelerating much faster than the current pace that is throttled slower by low productivity and other factors. What will it […]
FOMC STATEMENT: NO RATE CHANGE; EXPORTS, BIZ INVESTMENT ‘WEAK’
WASHINGTON (MaceNews) – The Federal Open Market Committee’s decision Wednesday was entirely as expected, with no rate change and a “dot plot” that anticipated no rate change next year either. The policy statement follows, with boldface emphasis added: Information received since the Federal Open Market Committee met in October indicates that the labor market remains […]
ANALYSIS: IN THE TUG OF WAR OF PRICES, SHELTER ALWAYS WINS IN THE END
By Denny Gulino WASHINGTON (MaceNews) – The November Consumer Price Index report, largely dismissed Wednesday as a ho-hum confirmation of price pressure stasis, nevertheless contained some hints as to what may be ahead, a slowly gathering upwelling of costs concentrated in housing and transport. The annualized core items index rose 2.3% through November, a duplicate […]