The job market has proven resilient in the last couple of years. Per the federal Bureau of Labor Statistics, the unemployment rate has been below 4% since February 2022, and in that same period, job ...
New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...
During the 1970s and early 1980s, rises in inflation tended to coincide with weaker economic activity and lower stock prices. But in more recent decades, rises in inflation have tended to coincide ...
A decade ago, an esteemed professor delivered a lecture upon receiving a university award for a “significant contribution to the learning environment.” After the lecture, he took questions from the ...
Higher inflation does not mean lower unemployment. Many assertions about monetary policy are based on the Phillips Curve, illustrated in the following chart, that posits a particular relationship ...
When COVID-19 threatened to topple economies, the Fed and other central banks cut rates aggressively. Some central banks went into deeply negative interest rate territory, and some (Japan) are still ...
Most investors fail to adopt a hybrid attitude toward the stock market. This means some place too much weight on the fundamentals regardless of price action and charts. In contrast, others swear by ...
What we have now is a yield curve with still high but falling shorter-term yields, a sag in the middle with the low point at 3 years, and rising longer-term yields. Mortgage rates roughly parallel the ...
Dec 21 (Reuters) - The inversion in the closely watched two-year, 10-year Treasury yield curve narrowed on Thursday, with shorter-dated yields falling while longer-dated ones rose, before inflation ...
The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to ECB policymaker François Villeroy de Galhau. "The question is the next Governing ...
TOKYO (Reuters) -The Bank of Japan will likely be raising interest rates as it is behind the curve in dealing with the risk of inflation, U.S. Treasury Secretary Scott Bessent told Bloomberg ...
TOKYO, July 7 (Reuters) - The Bank of Japan may revise up this year's inflation forecast but will likely hold off on tweaking its yield curve control (YCC) policy in July to await more evidence that ...