July Inflation Blows a Hole In Fed-Must-Remain-Tight Story

Breitbart Business Digest: July's Mild Inflation Report Should Keep the Fed on Hold

Fed Hawk Down Someone go check on the health of the Fed hawks. The wind has been taken from beneath their wings. The benign inflation report released Wednesday confirms earlier data suggesting there is no need for a rate hike The post Breitbart Business Digest: July’s Mild Inflation Report Should Keep the Fed on Hold appeared first on Breitbart.

July Inflation Blows a Hole In Fed-Must-Remain-Tight Story

For months, the economic commentariat has been waiting for President Trump’s tariffs to ignite a new inflation fire. The script was already written: tariffs would raise consumer prices, the Fede

Look Ahead Inflation Numbers Do Not Support a Fed Pause in September

Today's CPI report is history. Let's look ahead.

Chicago Fed President Flags Inflation Concerns, Rate Hike On The Cards

Chicago Federal Reserve President Austan Goolsbee has flagged high inflation as a major challenge for the US. Inflation remains well above the Federal Reserve’s 2% target. The Fed held interest rates steady in July. However, three officials dissented and backed a 25-basis point rate hike. Inflation Is The Biggest Problem Goolsbee stated during an interview with Wired that rising prices are the biggest problem confronting the US, calling them mor…

Iran’s oil spike held US inflation at 3.5% and handed Fed hawks a September argument

American inflation is being kept at its current elevation by a single external shock. When diplomatic negotiations between Washington and Tehran collapsed, crude oil prices climbed more than 20 percent in a single month — and that move showed up in the price of every commute, every grocery delivery, every tank of gas. The consumer price index landed at 3.5 percent year-over-year, unchanged from the prior month. The gap between a 3.5 percent read…