Best Stimulus Ever?

We are excited to announce the first in a series of DealBook Dialogue conference calls, which will feature industry experts taking your questions about the big issues of the day. Join us on Tuesday, Oct. 5, for a deep dive into cryptocurrency’s impact on the environment. Are the opportunities worth the costs? For more information […]

The Economy Is Booming but Far From Normal, Posing a Challenge for Biden

High inflation, ghostly downtowns and a resurgent virus have rattled consumers and created new obstacles as the president tries to push his broader economic agenda. By Jim Tankersley and Ben Casselman The American economy is growing at its fastest clip in a quarter-century, yet it remains far from normal, with some workers and small-business owners […]

Consumer inflation expectations ticked up, a Federal Reserve survey shows.

Expectations for long-term inflation rose slightly in July, the Federal Reserve Bank of New York said on Monday, and consumers continued to foresee rapid price gains in the near term as the economy reopens from pandemic-related lockdowns. The move in the Survey of Consumer Expectations’ longer-term price gauge was small, but it could prove meaningful […]

US manufacturing output dips as chip shortage weighs on motor vehicles

WASHINGTON (REUTERS) – Output at US factories unexpectedly fell in June as motor vehicle production dropped amid an unrelenting global semiconductor shortage. Manufacturing output dipped 0.1 per cent last month after accelerating 0.9 per cent in May, the Federal Reserve said on Thursday. Economists polled by Reuters had forecast manufacturing output climbing 0.2 per cent […]

The Fed chair says inflation will likely remain high in coming months.

Jerome H. Powell, the Federal Reserve chair, told House lawmakers that inflation has increased “notably” and is poised to remain higher in coming months before moderating — but he gave no indication that the recent jump in prices is pushing central bankers to rush to change policy. The Fed chair attributed high inflation numbers to […]

Bank profits are poised to surge as the pandemic recedes.

Source: FactSet By The New York Times The nation’s biggest banks are about to report windfall profits as customers increase their spending and the economy bounces back from the pandemic. Profits for behemoths including JPMorgan Chase and Goldman Sachs are expected to jump when they report second-quarter results this week. Their Wall Street divisions have […]

Bank profits are poised to surge as the pandemic recedes.

The nation’s biggest banks are about to report windfall profits as customers increase their spending and the economy bounces back from the pandemic. Profits for behemoths including JPMorgan Chase and Goldman Sachs are expected to jump when they report second-quarter results this week. Their Wall Street divisions have been able to cash in on a […]