News about inflation

Bit of a mixed bag for the Fed: Much stronger job growth than expected and quick wage growth, which could keep them inflation wary. But unemployment ticked up (just a little, to 4%) and the participation rate came down. www.bls.gov/news.release/empsit.nr0.htm

It is time for the Fed to begin cutting rates. Keeping rates high threatens to do unnecessary harm to the economy, particularly to the housing sector. Jim Parrott and I have an op-ed in today’s WaPo. @PostOpinions wapo.st/3RfqLRI

🇺🇸 #Fed Seen Curbing Rate-Cutting Plans With #Inflation Staying High - Bloomberg www.bloomberg.com/news/articles/2024-06-08/fed-seen-curbing-rate-cutting-plans-with-inflation-staying-high?sref=ZVajCYcV pic.twitter.com/ageadLftNQ

Will elevated interest rates trigger a recession in the US? Real rates, which are rates adjusted for inflation, have risen to 2.5%, the highest since the 2008 Financial Crisis. In just 2 years, they have increased by 8 percentage points since the -5.5% low. Over the last 40… pic.twitter.com/qAPET9fzLz