Inflation increased 0.4% in September, more than expected despite rate hikes
The consumer price index was expected to increase 0.3% in September, according to Dow Jones estimates.
Wholesale prices rose 0.4% in September, more than expected as inflation persists
The producer price index was expected to rise 0.2% in September, according to Dow Jones estimates.
Consumer spending was flat in September and below expectations as inflation takes toll
Retail and food services sales in total were little changed for the month after rising 0.4% in August.
Nobel economics prize awarded to U.S.-based economists including Bernanke for work on financial crises
U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig win the Nobel prize in economic sciences for research on banks and financial crises.
Inflation expectations ease, while spending outlook tumbles, Fed consumer survey shows
Consumers expect the inflation rate a year from now to be 5.4%, the lowest number in a year and a decline from 5.75% in August.
U.S. should pump more oil to avert war-level energy crisis, says JPMorgan’s Jamie Dimon
JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas to help alleviate the global energy...
Ark’s Cathie Wood issues open letter to the Fed, saying it is risking an economic ‘bust’
The Fed likely is making a mistake in its hardline stance against inflation, Ark Invest's Cathie Wood said Monday.
Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong
Nonfarm payrolls in September increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5%.
Wharton’s Jeremy Siegel says today’s biggest threat isn’t inflation — it’s recession
Siegel said he was one of the first to warn of the Fed's "inflationary policies" in 2020 and 2021, but "the pendulum has swung too...