9 stories
America's inflation problem is becoming harder to contain, with new evidence Wednesday that price pressures are extending beyond the war-related energy shock rattling the global economy.Why it matters: Inflation is squeezing household budgets and dimming hopes for relief.
Data: Bureau of Labor Statistics; Chart: Courtenay Brown/AxiosU.S. inflation picked up in September as soaring energy prices added to already stubborn price pressures, the Labor Department said on Wednesday.Why it matters: The latest Consumer Price Index shows that the inflation fight is far from…
Kevin Warsh may be the most hawkish Fed chair since Paul Volcker. September's Treasury rout shows what that costs.
Some companies are preparing for an AI-fueled chip squeeze that could push up prices far beyond the data center boom alone, Mary Daly, president of the Federal Reserve Bank of San Francisco, tells Axios.Why it matters: The Fed can usually look through supply shocks that come and go.
The relentless rise in long-term interest rates is starting to have effects on more parts of the economy, Kansas City Fed president Jeff Schmid told Axios Thursday."You're starting to see some friction in some of the long-market users of credit," he said, pointing to multifamily housing and…
Federal Reserve Bank of Minneapolis President Neel Kashkari said he was skeptical of the argument that the US economy is shrinking but for a boom in construction related to artificial intelligence.
A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday.Why it matters: The findings effectively clear Powell after the Justice Department opened…
Bitcoin enjoyed a brief respite along with other risk assets such as stocks amid the expectation that another rate hike is unlikely next month.
The rising cost of airfare, eating out, and gas has made Americans pickier about their spending.
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