Fortune (October 11)
“Famed economist Ed Yardeni said earlier this year the Federal Reserve would be ‘one and done’ when it comes to rate cuts—announcing one reduction and leaving it at that.” Following the “unexpected 50-basis-point (bps) cut in September—double the 25 bps widely expected by the Street—Yardeni is now convinced Fed chairman Jerome Powell won’t be lowering any further.”
Tags: Lowering
Washington Post (October 10)
“By just about every measure, the U.S. economy is in good shape. Growth is strong. Unemployment is low. Inflation is back down. More important, many Americans are getting sizable pay raises, and middle-class wealth has surged to record levels.” And yet the lingering effects of inflation seem to have blinded many to the fact that “we are living through one of the best economic years of many people’s lifetimes.”
Tags: Best, Economy, Growth, Inflation, Lingering, Middle class, Pay raises, Record levels, Strong, Surged, U.S., Unemployment, Wealth
