While some economists worry the US inflation fight may become more difficult as the Federal Reserve gets closer to its 2% target, a new central bank research paper argues that’s not the case.
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The US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families.
The surprisingly strong CPI print for December shows the road to a durable return to 2% inflation is bumpy, and the last mile could be difficult.
US inflation is set to further recede in 2024, ending the year near the Federal Reserve’s 2% target as economic disruptions from the pandemic fade further and prices of some goods even decline.
Traders betting on a 2024 bond rally are unfazed by the recent pullback, seeing it as a chance to seize on elevated yields before the Federal Reserve starts driving down interest rates.
The coming 12 months are shaping up as the year of the interest-rate cut.
The only piece of good news from December’s jobs report is the surprisingly high headline nonfarm payroll print.
US companies ramped up hiring in December and wage gains continued to cool, consistent with an outlook for sustained economic growth and diminishing inflation.
Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the US economy is looking more likely but hardly certain, reiterating the continued possibility of further tightening.
US stocks are likely to take a breather from their rapid gains before a potential fresh catalyst arrives in the form of the next earnings season, according to Oppenheimer Asset Management.