Articles by Courtenay Brown
The question in the months ahead is whether that argument persuades more policymakers, especially if inflation remains stubborn.It is worth watching whether they turn out to have mom⦠[+2721 chars]
Flashback: Some of the world's greatest technological breakthroughs canals, railroads, the internet sparked enormous investment booms, with capital pouring into new infrastructure years before the ecοΏ½...
The Department of Justice said Friday it will drop a criminal probe into Federal Reserve chair Jerome Powell, a sharp pivot in an unprecedented investigation into the nation's top central banker.
WhοΏ½...
The economy has been steadily growing for the last five years, and inflation is way down from its peak nearly four years ago. Public opinion about the economy, by contrast, keeps plumbing new depths.οΏ½...
By the numbers: In the 12 months through March, CPI was 3.3%, the highest since May 2024, the Labor Department said Friday. The comparable measure for February was 2.4%.
Yes, but: Excluding energy aοΏ½...
Some Federal Reserve officials wanted to keep interest rate increases on the table, given the stubborn inflation that was set to be amplified by the Iran war, according to minutes from the central baοΏ½...
By the numbers: Median one-year inflation expectations jumped 0.4 percentage point, to 3.4%, last month, according to the New York Fed. It was driven by a surge in gas price expectations, to the highοΏ½...
By the numbers: Grocery prices (or "food at home," as the Bureau of Labor Statistics calls it) rose by 0.7% in December, the largest monthly gain since the peak inflation period in August 2022.
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One reason: The effective rate paid by importers turned out to be lower than advertised, per a paper out this week. A second paper argues that tariffs historically have reduced infla⦠[+3507 chars]
State of play: The Fed earlier this month cut rates for the third consecutive time, though the decision garnered the most dissent since 2019.
Two Fed presidents preferred to keep rates on h⦠[+271...
