Friday’s jobs report is being looked at carefully for two reasons: First, the Fed meets again on September 18. It has kept interest rates high to hobble inflation, but inflation has been (more or less)…
Capital flows to emerging market and developing economies went through several boom-bust cycles in recent decades, often partly driven by external developments such as monetary policy decisions in major advanced economies. During the recent global monetary tightening,…
Federal Reserve chair Jerome Powell once again warned earlier this month that the U.S. government’s fiscal policy is on an unsustainable path. His new warning came at a forum held by the European Central Bank in…
Federal Reserve Board Chair Jerome Powell has been saying for some time that he needs to see more evidence that inflation is under control before he lowers interest rates. We can never be certain of…
That’s a bit of an exaggeration, but the Consumer Price Index (CPI), excluding owners’ equivalent rent (OER) fell to 1.4 percent in June 2023 and has remained pretty close, but mostly above 2.0 percent ever…
By Ryan McMaken Money-supply growth fell year over year again in March, but March’s decline was the smallest money-supply drop recorded in sixteen months. Moreover, the money supply in March grew—month over month—by the highest…