Fed’s George: Have to Be More Patient on Inflation

Federal Reserve Bank of Kansas City President Esther George says she’s encouraged to see inflation coming down but it is still well above the Fed’s target during an interview with…

Larry Summers on US Economy, Debt Ceiling, China, Inflation

Former US Treasury Secretary and Bloomberg contributor Lawrence Summers says he’s more optimistic about the US economy than he was a few months ago. He also talks about raising the debt…

Inflation Likely Below 3% by the End of Year: Barclays

“Inflation is going to come down pretty quickly,” Marc Giannoni, Barclays chief US economist for research, says during an interview on “Bloomberg Surveillance.” Follow Bloomberg for business news & analysis,…

JPMorgan Sees Modest Recession, EMEA CEO Says

JPMorgan EMEA CEO Viswas Raghavan sees “light at the end of the tunnel” in the fight against inflation, and says the bank’s base case is for a modest recession. He…

Biden Takes Credit for Inflation ‘Coming Down’

President Joe Biden says lower inflation shows that his economic plans are working. He spoke at the White House. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features,…

US Inflation Slows Further in December to 0.3% M/M

The core US consumer price index rose 0.3% in December and was up 5.7% from a year earlier, matching the median estimates in a Bloomberg survey of economists. Mike McKee has the numbers…

Walsh Hopes Tech Companies Start Rehiring Soon

US Secretary of Labor Marty Walsh reacts to the December jobs report with Jonathan Ferro on “Bloomberg The Open.” Follow Bloomberg for business news & analysis, up-to-the-minute market data, features,…

US Manufacturing Shrinks for Second Month

The ISM purchasing managers index slipped to 48.4 in December. New orders and production fell to the lowest level since May of 2020. Timothy Fiore, ISM Manufacturing Business Survey committee…

Michael Burry Warns US Faces Another Inflation Spike

Scion Asset Management founder Michael Burry says the US is, “in recession by any definition,” and expects inflation to spike once again. Burry said on Twitter late Sunday, “Fed will…

It May Be Time to Rent the American Dream: Rich Hill

Rich Hill of Cohen & Steers Capital Management, says the REITs could benefit when the Federal Reserve stops raising rates. He also says the single-family rental market looks very attractive….