United States – Consumer Price Index
Consumer inflation over the 12 months through last April reached 3.8% in the United States, risingfrom 3.3% in March and
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Public Sector Accounts for 57% of Job Losses Between 2024 and Early 2026
The payroll data came in reasonably strong in March, corroborating the view that job creation isreturning to more normal levels. Nonfarm payrolls increased by 178k and the unemployment...
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Fiscal and Credit Activism Working Against the Central Bank and in Favor ofExcessive Indebtedness
What happens when fiscal stimulus and directed credit expansion are excessive? The answer:the monetary authority is forced to maintain excessively high interest rates to containinflation, which worsens the...
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FOMC Holds Policy Rate: No Room for Cuts in 2026
The Chair of the Federal Open Market Committee emphasized that there will be no room forrate cuts until clear evidence emerges that inflation is converging toward the 2%...
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