Federal Reserve Bank of New York President John Williams said Friday the central bank may be done with rate rises as inflation pressures, while still elevated, are moving back toward the official 2% target.
US Core PCE Rises at Slowest Monthly Pace Since Late 2020
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.1% in August, the slowest monthly pace since late 2020, while consumer spending and income both saw a gain of 0.4%. Michael McKee breaks down the numbers on Bloomberg Television. (Corrects date in headline to 2020.)
BlackRock CEO Fink Sees US Avoiding Recession Until 2025
BlackRock CEO Larry Fink says the US has "a very vibrant economy" and may not enter a recession until 2025. He made the comments during a conversation with Bloomberg's Dani Burger at the Berlin Global Dialogue forum.
Federal Reserve Bank of Richmond President Thomas Barkin said it’s too soon to know if another rate increase will be needed, noting that headwinds from a potential government shutdown could create more uncertainty for the economy. He also talks about the potential impact of a government shutdown with Bloomberg's Michael McKee.