This is not the slowdown Jay Powell was looking for.
Author: John Carney
Breitbart Business Digest: America Has the Bidenflation Blues
Despite the lowest rate of unemployment in decades, more than a third of Americans say they are losing ground financially.
60% of Americans Say Their Federal Income Tax Is Too High
Six in 10 Americans say the amount of federal income tax they pay is “too high.” That’s the highest percentage since 2001.
Breitbart Business Digest: Powell Still Pushing for a Pause
Federal Reserve Chairman Jerome Powell still appears to support a pause at the next meeting—and expects the Fed will hold rates near current levels rather than cut later this year.
Breitbart Business Digest: Inflation Is Here for the Long Run
Long-term underlying inflationary pressures are pushing us toward a prolonged period of higher inflation or higher interest rates.
Bidenflation’s Burden: More Americans Say Inflation Is Causing Financial Hardship
Sixty-one percent of Americans say recent price hikes have caused financial hardship for their household, up six points from the last reading in November, Gallup said Thursday.
Jobless Claims Fall as Labor Market Strength Continues to Defy Fed’s Anti-Inflation Push
Claims show no evidence of a trend toward a softer labor market.
Breitbart Business Digest: Happy Workers Won’t Budge
One sign of a very tight labor market is that very few workers are relocating to take up new positions.
Breitbart Business Digest: We’re Still Not in a Recession
How can we break this to you? The economy is not in a recession.
Breitbart Business Digest: The Market Is More Dovish Than the Fed’s Top Dove
Federal Reserve officials are working overtime to jawbone the market away from the conviction that the Fed will cut rates several times this year.