The great inflation of 2021 is still haunting the Fed

Key Takeaways Fed officials refrained from cutting interest rates at their most recent meeting out of concern that inflation is still running over the Fed's 2% target.The stubbornness of inflation, ...

Fed's Barkin says hard to know how long higher productivity will last

By Howard Schneider COLUMBIA, South Carolina, Feb 3 (Reuters) - Rising productivity is helping businesses ease cost pressures ...

What Is The Fed's Real Inflation Target?

The low variation of the growth of the PCE and CPI indexes during the periods when the Fed has actively managed inflation is ...
CNN

The Fed still hasn’t defeated high inflation. Has it failed?

The Federal Reserve stepped in last month to safeguard America’s labor market, cutting rates by a quarter point to shore up a slowdown in hiring. But it has another equally important problem still to ...
National Academies of Sciences%2c Engineering%2c and Medicine

Federal Tax Credits in 2021 Lifted More than 2 Million Children Out of Poverty, Says New Report

WASHINGTON — The temporary expansions of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as part of the American Rescue Plan Act of 2021 reduced child poverty in the United States ...
Boston Herald

Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ...
Business Insider

US GDP growth will likely miss a key forecast if the global economy falters, Dallas Fed says

Weaker-than-expected global economic growth could hinder the US recovery, Fed researchers said. The CBO expects US GDP to grow 4.6% in 2021, but the chances of that fade on slower global growth. The ...