One month's worth of data does not make a trendβunless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
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Jerome Powell still stubbornly resists the idea that the Fed's next move may be a hike rather than a cut.
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President Joe Biden's policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
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President Joe Biden's migration crisis raises the mortgage rates that burden young couples and families, according to theΒ president of the Federal Reserve Bank of Minneapolis.
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The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.
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Somebody forgot to tell corporate America that the stance of monetary policy is restrictive.
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The Federal Reserve admitted yesterday that progress on inflation has stalled and that it will take longer for the Fed to achieve the confidence it needs to cut interest rates.
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President Joe Biden's mass migration is boosting inflation, chiefly by raising housing prices, according to the Economist, a U.K.-based pro-globalism magazine.
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As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
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It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
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The pace of economic growth in the first three months of the year was far more sluggish than anyone expectedβand inflation was much higher.
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On Wednesdayβs broadcast of CNBCβs βSquawk Box,βΒ Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
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