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We have been saying for a few weeks that the softness in the April numbers looked like a "blip" and that the economy appeared to rebound in May. The jobs numbers confirm that view, and we expect that will not be lost on Fed officials when they meet next week.
The post Breitbart Business Digest: The Fed Can Take the Rest of the Summer Off appeared first on Breitbart.
Much higher than expected job growth and wage growth shuts the door on a rate cut early this summer.
The post Overheating: U.S. Economy Added 272,000 Jobs In May, Shutting Door On Rate Cuts Early This Summer appeared first on Breitbart.
As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
The post Breitbart Business Digest: The Fed’s High-Wire Act appeared first on Breitbart.
Democrats are increasingly optimistic about America's economy despite signs that growth is slowing and inflation has accelerated.
The post Democrats Rally Behind The Economy As Election Approaches appeared first on Breitbart.
Labor costs are rising at a fast rate that indicates a resurgence of inflationary pressure.
The post Bidenomics: Productivity of U.S. Workers Revised Down for First Quarter appeared first on Breitbart.
The number of people applying for unemployment benefits jumped by 8,000 last week to 229,000, more than economists had forecast.
The post Jobless Claims Jump to 229,000 appeared first on Breitbart.
May brought a surprising burst of vitality to the U.S. economy, with robust reports from the Institute for Supply Management (ISM) and S&P Global.
The post Breitbart Business Digest: April’s Showers Bring May Flowers appeared first on Breitbart.
The smallest increase this year.
The post ADP Says U.S. Job Growth Hits Lowest Point This Year with 152,000 New Jobs in May appeared first on Breitbart.
Those looking at the Job Openings and Labor Turnover Survey (JOLT) and seeing it as a roadmap to a July rate cut have taken a wrong turn.
The post Breitbart Business Digest: Consumer Strength Powers Growth Despite Soft Job Openings appeared first on Breitbart.
Factory orders keep rising and orders for consumer goods are rising even faster.
The post Factory Orders Rise For Third Straight Month appeared first on Breitbart.
The number of vacant jobs in the U.S. fell to just over eight million in April, indicating that employer demand for labor has slackened and reviving hopes for interest rate cuts this year.
The post Job Openings Plunge to 8.1 Million, Suggesting Cooling Demand for Labor appeared first on Breitbart.
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
The post NY Fed Gauge of Inflation Persistence Shows Stickiness Following Surge appeared first on Breitbart.
Our view that the Fed would not cut rates this year has gone mainstream.
The post Breitbart Business Digest: ‘No Cuts’ Goes Mainstream appeared first on Breitbart.
Construction spending took a slight dip in April as both U.S. companies and the government hit the brakes on projects nationwide, feeling the squeeze of high interest rates. The Commerce Department reported Monday that spending on construction projects edged down
The post Construction Spending Spending Unexpectedly Tumbles As Commercial Building Stalls appeared first on Breitbart.
The New York Stock Exchange said it is experiencing technical issues.
The post Glitch Crash: Berkshire Hathaway Shares Tumble 99% as NYSE Blames Technical Issues appeared first on Breitbart.
The Fed meeting minutes released on May 22 mentioned "various officials" worrying that rates might not be as restrictive as thought.
The post Breitbart Business Digest: Is the Fed’s Monetary Policy Still Too Loose? appeared first on Breitbart.
Inflation, high interest rates, and the exhaustion of excess household savings may finally be taking their toll on the economy. Consumer spending rose a modest 0.2 percent in April, the smallest increase in three months, data from the Department of
The post Consumer Spending Weakens in April appeared first on Breitbart.
The National Rifle Association's big victory at the Supreme Court on Thursday puts a target on climate change regulations that have put fossil fuel companies under fire.
The post Breitbart Business Digest: How a Gun Rights Victory Benefits Fossil Fuels appeared first on Breitbart.
The U.S. trade deficit in goods unexpectedly surged higher in April as imports of autos and capital goods grew rapidly. The deficit widened by 7.7 percent to $99.4 billion in April, the Commerce Department’s advanced estimate of trade and inventories
The post Trade Deficit Unexpectedly Explodes Higher, Widest Gap In Almost Two Years appeared first on Breitbart.
The U.S. economy grew less than previously thought in the first three months of the year, expanding at an annual pace of just 1.3 percent, revised government data showed Thursday.
The post Bidenomics: GDP Revised Down To A Slower 1.3% Growth Rate appeared first on Breitbart.
It is becoming clearer with each passing day that there will be no interest rate cuts in the immediate future—and maybe not even in the distant future.
The post Breitbart Business Digest: High Rates Here to Stay – Sorry, Biden! appeared first on Breitbart.
Neel Kashkari said that “dramatic increase in immigration” is boosting housing demand, adding to inflation and keeping the Fed from cutting interest rates.
The post Fed President Kashkari: Immigration Surge Keeps Inflation and Interest Rates Sky-High appeared first on Breitbart.
Hammack will replace Loretta Mester, one of the Fed's most hawkish officials.
The post Goldman Sachs Exec Beth Hammack Tapped to Lead Cleveland Fed appeared first on Breitbart.
The Conference Board's monthly measure of consumer confidence is another piece of evidence suggesting that the economy accelerated in May.
The post Breitbart Business Digest: Inflationary Growth Is Blooming Again appeared first on Breitbart.
Consumer confidence rose in May but households' assessments of their financial health worsened and inflation expectations rose.
The post Despite Surprise Boost in Consumer Confidence, Recession Fears Rose in May appeared first on Breitbart.
After three months of rough inflation news, the April data is expected to give Fed officials at bit of a breather.
The post Fed’s Favored Inflation Gauge Expected To Soften This Week appeared first on Breitbart.
High mortgage rates are holding back the supply of homes for sale, putting homes out of reach for many Americans.
The post Home Prices Soar to Record High, Squeezing Affordability appeared first on Breitbart.
Just 40 percent of the public approve of Biden's handling of the economy. Trump gets a 62 percent approval rating.
The post Swing State Poll Shows Trump Trouncing Biden on Inflation and Economy appeared first on Breitbart.
Who invited Bidenflation to the cookout? Hamburger prices are up six percent and hot dog prices up 7 percent.
The post Cruel Summer: Bidenflation Pushes Memorial Day Cookout Costs Up 10% appeared first on Breitbart.
While Wall Street has finally come around to the view that interest rates are likely to stay higher for longer, it may still be underestimating just how high and how long.
The post Breitbart Business Digest: Rates Will Stay Higher for Longer appeared first on Breitbart.
Axios reports that insiders close to Schwarzman attribute his return to the Trump camp to rising concerns about antisemitism and dissatisfaction with President Biden's policies.
The post Report: Blackstone’s Schwarzman Jumps Aboard Trump Train appeared first on Breitbart.
Americans are bracing for a cruel summer as consumer sentiment takes a significant hit, driven the impression that we cannot shake off persistent inflation and the view that the economy is not out of the woods. The University of Michigan’s
The post Cruel Summer: Consumer Sentiment Plummets as Inflation Fears Grip the Nation appeared first on Breitbart.
Businesses stay optimistic as inflation stubbornly persists and Fed keeps rates high.
The post U.S. Economy Picks Up Speed, Defying Fed Attempts To Cool Inflation and Growth appeared first on Breitbart.
High interest rates and home prices are putting homeownership out of reach for many Americans, especially younger Americans.
The post High Mortgage Rates Weigh Down New Home Sales in April appeared first on Breitbart.
Low levels of jobless claims indicate that the labor market is still providing fuel to economic growth.
The post Jobless Claims Unexpectedly Drop to 215,000 appeared first on Breitbart.
There’s a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.
The post Breitbart Business Digest: What Goes Up—Might Just Keep Going Up appeared first on Breitbart.
The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
The post Fed Minutes Show Officials Willing To Hike If Needed appeared first on Breitbart.
Sales fell for the fourth consecutive quarter as the company still struggles to recover costumer trust following its disastrous embrace of woke-ideology.
The post Target Struggles as Inflation Squeezes Shoppers’ Wallets appeared first on Breitbart.
Sixty percent of the public are skeptical of media reports depicting the economy as doing well.
The post Most Americans Say We’re In A Recession—And Blame Biden appeared first on Breitbart.
Prices hit a record high for April, putting homes out of reach for many would-be buyers.
The post Existing Home Sales Fall Amid Skyrocketing Prices and High Mortgage Rates appeared first on Breitbart.
If Donald Trump’s social media venture is going to vindicate the faith of investors who have given it a six billion dollar market value, it must learn a critical lesson from the tech titans of the past: substantial early losses can be a harbinger of long-term success.
The post Breitbart Business Digest: Trump Media Should Lose More Money appeared first on Breitbart.
Biden lambasts "corporate greed" while courting corporate leaders behind closed doors, CNBC reports.
The post Biden’s Double Game: Cozying Up to Corporate America While Talking Populist appeared first on Breitbart.
Progress on inflation has been very slight, so any rate cuts will have to wait until the Fed has several more months of data on inflation, Waller said.
The post Fed’s Waller Says Rate Cuts Will Have To Wait Until ‘Several More Months’ Of Good Inflation Data appeared first on Breitbart.
You can add the collapse of the U.S. consumer to the list of things that nearly everyone has been expecting but shows no signs of actually occurring.
The post Breitbart Business Digest: We’re Still in a No Landing Economy appeared first on Breitbart.
American progressives are in a state of high dudgeon, gnashing their teeth at the realization that the American people favor Donald Trump's economy over Joe Biden's.
The post Breitbart Business Digest: The Real Reason Americans Prefer Trump’s Economy to Biden’s appeared first on Breitbart.
While the leading indicators no longer point to a looming recession, the COnference Board says growth is likely to slow to a one percent pace in the second half of this year.
The post Leading Index For U.S. Economy Sinks Again, Indicating Sluggish Growth Ahead appeared first on Breitbart.
Jerome Powell might want to look away from the stock market. It's making a mockery of the idea that financial conditions are sufficiently restrictive.
The post Breitbart Business Digest: Dow 40,000 appeared first on Breitbart.
On Thursday, the company reported earnings that fell short of Wall Street's expectations and Kevin Plank, the company's co-founder who returned to run the company in March, warned that reviving the sportswear brand will take time.
The post Under Armour CEO Plank Warns Of Plunging Sales and Layoffs Ahead appeared first on Breitbart.
The White House says that you shouldn't take Joe Biden literally when he says inflation was nine percent when he took office—and tries to dodge responsibility for the price surge that has plagued his presidency.
The post Fact Check: White House Tries to Justify Biden’s Lies on Inflation appeared first on Breitbart.
One month's worth of data does not make a trend—unless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
The post Breitbart Business Digest: Fed Is Still Not Cutting in September appeared first on Breitbart.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
The post Lack of Progress on Inflation Pushes Homebuilder Sentiment Back Into Negative Territory appeared first on Breitbart.
Economists had forecast a 0.3 percent increase in the month-t0-month figure and a 3.4 percent rise over 12 months.
The post Consumer Prices Up 3.4% Through April, In Line With Estimates appeared first on Breitbart.
Jerome Powell still stubbornly resists the idea that the Fed's next move may be a hike rather than a cut.
The post Breitbart Business Digest: Powell Still Won’t Admit Rate Hikes Might Be Coming appeared first on Breitbart.
The producer price index shows that inflation accelerated significantly in April.
The post Inflation Inferno: Producer Price Index Shows Prices Rising Much More Than Expected appeared first on Breitbart.
Joe Biden is not a general, but he suffers from the generals' curse of always fighting the last war.
The post Breitbart Business Digest: Biden Is Fighting 2009’s Economy in 2024 appeared first on Breitbart.
There's really no mystery why so many people are unhappy with the Biden economy.
The post Breitbart Business Digest: One Chart Shows Why So Many People Hate the Biden Economy appeared first on Breitbart.
Biden's late-in-the-game embrace of tariffs is widely seen as an election year pivot to win support in battleground states.
The post Trump Lite? Biden Reportedly Plans To Announce Election Year Tariffs On Chinese Green Tech appeared first on Breitbart.
The specter of inflation haunts the corridors of the West Wing, and the Biden administration's every attempt to exorcise the poltergeist of rising prices only deepens the grip of its possession.
The post Breitbart Business Digest: Inflation Tightens Its Grip on Biden’s Re-Election Prospects appeared first on Breitbart.
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