N/A

The US is on track for a soft landing, Goldman Sachs chief economist says

The US is on track for a soft landing, Goldman Sachs chief economist says

It’s too soon to declare victory, but Federal Reserve Chair Jerome Powell is on track to navigate the US economy to a soft landing. That’s the view of Jan Hatzius, the chief economist of Goldman Sachs, in a new note to clients. ‚ÄúSince the FOMC started hiking the funds rate early this year, we have …

The US is on track for a soft landing, Goldman Sachs chief economist says Read More »

2-year Treasury yield hits one of highest levels since 2007 as bond selloff continues

2-year Treasury yield hits one of highest levels since 2007 as bond selloff continues

Treasury yields continued to climb on Monday, with the 2-year rate reaching one of its highest levels since 2007, as bonds tumbled in the wake of Federal Reserve Chairman Jerome Powell’s hawkish remarks at Jackson Hole. What’s happening? The yield on the 2-year Treasury TMUBMUSD02Y, 3.425% climbed to 3.437% from 3.391% on Friday. It gained …

2-year Treasury yield hits one of highest levels since 2007 as bond selloff continues Read More »

Inflation falls for first time in more than two years, key US gauge shows, due to sinking gas prices

Inflation falls for first time in more than two years, key US gauge shows, due to sinking gas prices

The numbers: A key gauge of US inflation fell 0.1% in July thanks to tumbling prices, marking the first decline in more than two years and giving Americans some relief from a rapidly rising cost of living. The drop in the so-called personal-consumption price index was the first since April 2020, when the US economy …

Inflation falls for first time in more than two years, key US gauge shows, due to sinking gas prices Read More »

Inflation falls for first time in more than two years, key US gauge shows, due to sinking gas prices

Inflation falls for first time in more than two years, key US gauge shows, due to sinking gas prices

The numbers: A key gauge of US inflation fell 0.1% in July thanks to tumbling prices, marking the first decline in more than two years and giving Americans some relief from a rapidly rising cost of living. The drop in the so-called personal-consumption price index was the first since April 2020, when the US economy …

Inflation falls for first time in more than two years, key US gauge shows, due to sinking gas prices Read More »