Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation, the latest central bank ...
The bond market has been screaming at the Fed that the inflation is not done. The economy is fine. There are plenty of jobs. The market is not hurting for liquidity.
Bloomberg Economics forecasters estimate household outlays advanced 2.8% in 2024 — faster than in 2023 and nearly twice their projection at the start of the year.