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What to expect when you’re expecting a Fed framework review

Sep 24, 2024
A lot has happened in monetary policy since the last time the Federal Reserve updated its long-term strategy goals.
After a busy few years in monetary policy, it’s once again time for the Federal Reserve to conduct a review of its long-term strategy.
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The high-end art market is tanking. And that's ... a good thing?

Yes, according to critic Blake Gopnik. When the market was thriving, he says, "the art was just unbelievably terrible."
The art market is in a correction phase, says critic Blake Gopnik. According to him, price and quality weren't closely related.
Elsa Biyick/Hans Lucas via AFP/AFP via Getty Images

This economy will leave a mark on Gen Z

Sep 18, 2024
Many in the youthful cohort grew up during a recession and started their financial lives amid a pandemic. They've taken on a scarcity mindset.
Many Gen Zers began their financial lives during the disruptions that came with the pandemic.
Christina House/Los Angeles Times via Getty Images

August CPI shows inflation's sticky in services

Sep 11, 2024
Airline tickets and eating out cost more in August than July. But price gains are easing in other previously sticky industries.
Airfares rose nearly 4% from July to August, according to the consumer price index.
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The federal government has two main measures of inflation. They don't agree.

Sep 9, 2024
The CPI shows consistently higher inflation than the PCE because it emphasizes different prices. Their gap has been wider than usual.
One reason for the gap between CPI and PCE inflation numbers? The CPI asks consumers how they're spending their money, while the PCE measures all money spent by consumers and businesses.
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How do Kamala Harris and Donald Trump's economic policy proposals stack up?

We do the numbers on how much each candidate's plans will add to the national debt and impact voters.
Joe Raedle and Jeff Kowalsky/AFP via Getty Images

Apartment rents aren't rising as quickly anymore, but remain far higher than pre-pandemic

Sep 3, 2024
In New York the median rent for a one-bedroom just crossed $4,500, by one estimate.
A milestone few New Yorkers are celebrating: The median rent for a one-bedroom apartment there is currently $4,500.
Spencer Platt/Getty Images

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The last time inflation was under 3% was March 2021

Aug 21, 2024
The economy — and life —has changed a lot since.
The world looked very different the last time inflation rates dipped under 3%.
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Federal Reserve's path to 2% inflation could be short but tricky

Aug 20, 2024
Because data lags, the current level is uncertain. Plus, key factors like unemployment and the commercial property market are volatile.
The Fed may start cutting interest rates before inflation reaches its 2% target because data lags behind current conditions. It's like looking at the rearview mirror while driving.
Amy Toensing/Getty Images

Atlanta Fed’s Bostic calls on patience amid the clamor for interest rate cuts

Aug 15, 2024
Despite high prices, “wages are growing faster than inflation," and families’ purchasing power is growing, he says.
"The first thing I think is inflation is getting back to target in an orderly way," says Raphael Bostic, president and CEO of the Atlanta Fed, about the CPI falling to 2.9%.
Stephen Nowland/Federal Reserve Bank of Atlanta