Courtenay Brown
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🌐 axios.comSource
Federal Reserve chairman Kevin Warsh said Friday that the economy has largely performed as expected since September's rate hike, hinting that little has changed in the central bank's outlook. Why it matters: The Fed is weighing another interest rate increase later this month as i
🌐 axios.comSource
Data: FactSet; Chart: Courtenay Brown/Axios Traders are betting that oil prices will remain elevated for longer than they anticipated just weeks ago, threatening to prolong the inflationary pressures that businesses and consumers have weathered for months. Why it matters: Oil inv
🌐 axios.comSource
A "majority" of Federal Reserve officials believed the central bank could raise interest rates if inflation stays high, according to the minutes from the central bank's April 28-29 policy meeting. Why it matters: It suggests that a larger constituency than previously known is ba
🌐 axios.comSource
Data: The Conference Board; Chart: Courtenay Brown/Axios Consumer confidence soured in early May, according to the Conference Board, though the reading shows a far less bleak economic mood than its peer survey from the University of Michigan, which plumbed new lows Friday. Why it
🌐 axios.comSource
President Trump's immigration crackdown is causing one of the sharpest slowdowns in U.S. population growth in decades. Economists are beginning to tally the effects, with some warning that the damage will stick around. Why it matters: The policy-driven immigration reversal underw
🌐 axios.comSource
From Axios: Tillis will support Warsh, clearing way for Trump's Fed pick