- Source: The Wall Street Journal
- Source: Financial Times
- Source: The Wall Street Journal
Americans are borrowing again, in some cases at levels not seen in more than a decade.
- Source: The Wall Street Journal
Defaults may be heading lower but the market has become much riskier.
- Source: The Economist
June 16, 2021
By Desmond Lachman
The best that can be said of today’s Federal Reserve meeting is that the Fed is no longer in total inflation denial. However, it certainly cannot be said that the Fed has taken policy action to address its present twin challenge of rising inflation and emerging asset price bubbles. This raises the chances that we will have a hard economic landing next year.
- Source: The American Enterprise Institute
Jun 7, 2021
JOSEPH E. STIGLITZ
Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded.
- Source: The Project Syndicate
What do investors expect from a post-pandemic economy?They generally seem quite optimistic. Stocks are hitting records. Meanwhile, yields on U.S. government bonds and certain derivatives are suggesting the economy will be strong enough for the Federal Reserve to start raising short-term interest rates by 2023 and keep going for a couple of additional years.
- Source: The Wall Street Journal
U.S. employers added the most jobs in seven months with improvement across most industries in March, as more vaccinations and fewer business restrictions supercharged the labor market recovery.
- Source: Bloomberg
Consumer confidence in the U.S. rose in March to its highest level since the pandemic started a year ago, with Americans expressing more optimism about business and labor-market conditions in the coming months.
- Source: The Wall Street Journal