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How often does the Fed actually achieve its dual mandate — price stability and maximum employment?

Aug 7, 2024
Since the late 1970s, the Federal Reserve has had two main jobs: ensuring stable prices and maximum employment. How often does it achieve both at the same time?
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How do big swings in the stock market affect consumer behavior?

Aug 6, 2024
The markets have been on a roller-coaster ride, and it seems we invest more emotion in the downs than the ups.
Humans tend to feel losses more acutely than gains, said Swarthmore's Syon Bhanot. That could be why stock market slumps freak consumers out more than gains provide them relief.
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Why are stocks cratering around the globe?

Aug 5, 2024
The disappointing July jobs report fed fears of a U.S. downturn, spurring traders to sell. But economic fundamentals are still strong.
When an economic report diverges from forecasts, it can "result in large either upward or downward movements," said Charles Lieberman at Advisors Capital Management.
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Temp worker employment is falling. What does that mean for the U.S. economy?

Jul 31, 2024
While decreasing numbers of temporary workers can be a leading recession indicator, economists say this time might be different.
According to the Bureau of Labor Statistics, about a quarter of temporary workers are employed in transportation and material moving occupations such as warehouse jobs.
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With a soft landing for the economy in sight, big banks are doing well

Jul 15, 2024
A strong stock market and a vibrant economy that never fell into recession have boosted earnings at financial institutions.
Once investors accepted that a recession isn't on the horizon, big banks have thrived.
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Economists used the business cycle to predict what's next. It doesn't work so well anymore.

Apr 23, 2024
Where's the recession? Changes like the pandemic crash and government funding programs have disrupted the expansion-contraction pattern.
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When will the Fed cut rates? Senators are likely to put Jay Powell on the spot when he testifies

Mar 7, 2024
He says there's likely to be a rate cut this year, but he won't say when.
Above, Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee on Wednesday.
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Business economists expect a soft landing in 2024

Feb 26, 2024
The National Association for Business Economics' latest forecast predicts higher economic growth and lower unemployment.
“Over the past quarters, the prospects for a recession seem to get smaller, prospects for a soft landing larger," said Mervin Jebaraj at the University of Arkansas.
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Looking for an escape, more adults are buying childhood toys

Nov 29, 2023
From Tamagotchis to Star Wars, the number of adults buying new and old versions of their childhood toys has continued to climb.
Tamagotchis and other toys from the '90s are becoming popular collectibles for adults looking to reconnect with their childhoods.
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As a recession fails to materialize, some economists are changing their tune

Nov 21, 2023
The Index of Leading Economic Indicators has been pointing to a slowdown for 19 months. It hasn't materialized.
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