Harvard economist on why he expects inflation to stick around next year Harvard University Professor Kenneth Rogoff argues that the Fed will be ‘cautious’ and certainly ‘won’t overshoot for now on raising interest rates’ as […]
U.S. Import Prices Unexpectedly Dip Amid Sharp Pullback In Fuel Prices
Import prices in the U.S. unexpectedly showed a modest decrease in the month of December, according to a report released by the Labor Department on Friday. The Labor Department said import prices edged down by […]
U.S. Jobless Claims Unexpectedly Rise To Eight-Week High
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended January 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 230,000, an […]
This Is the Best City for Bagel Lovers
The bagel, a baked ring-shaped piece of bread, had its origins among the Jewish population of Poland, probably in the 13th century. Since then, it has become a favorite food of people around the world. […]
Amazon workers in Alabama to vote by mail in do-over union election
NLRB order new union election at Amazon facility Senator Tommy Tuberville joins ‘Kudlow’ to discuss on the new Amazon union vote. Amazon workers in Bessemer, Alabama, will be voting by mail in a do-over union […]
Powell pummeled over inflation, jobs at confirmation hearing, despite bipartisan support for Fed chair
Would the Fed risk triggering a recession? NatWest Markets global economics co-head Michelle Girard analyzes the December jobs report on ‘Making Money.’ Jerome Powell is expected to sail through the confirmation process to lead the […]
The Great Realignment is under way – that’s a good thing
You can expect to hear a lot about rising inflation and interest rates in 2022. No doubt that will sound scary to some, particularly mortgage-holders. But take heart. The alternative scenario – of continued ultra-low […]
Where are all of the jobs? These industries hired the most workers in December
White House ‘certainly’ watching omicron’s impact on jobs report: Labor Secretary U.S. Department of Labor Secretary Marty Walsh says there’s ‘no question’ that the omicron surge will have some effect on January’s job report. Although […]
European Economics Preview: Germany Industrial Output, Foreign Trade Data Due
Industrial production and foreign trade from Germany and flash inflation and economic confidence from euro area are due on Friday, headlining a busy day for the European economic news. At 2.00 AM ET, Destatis is […]
The ‘Made in China’ plan is back – and it’s better
As the world headed into 2022 grappling with the latest virus variant, China unveiled a sharpened version of the Made in China 2025 industrial policy blueprint. Previous iterations may have had nations like the US […]