Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Bostic signaled that he is ready to start lowering rates even though inflation is still running above the Fed's target.
Bostic signaled that he is ready to start lowering rates even though inflation is still running above the Fed's target.
The closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month.
The ISM monthly survey of purchasing managers showed that just 47.2% reported expansion in August.
The PCE price index was expected to rise 0.2% in July and 2.5% from a year ago, according to the Dow Jones consensus.
Economics polled by Reuters had forecast a decline to 2.2% in August, down from 2.6% in July.
The Commerce Department at 8:30 a.m. ET will release its personal consumption expenditures price index.
One manufacturer included in the Dallas Fed's latest survey said growth in the category typically aligns with a slowing economy.
The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% in 2023 — and domestic investment was a major...
Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession.