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The Marked Chart Wire · Economy and the Fed
Fed
Moody's chief economist Mark Zandi stated that strong October jobs data gives the Federal Reserve room to raise rates. He described the likelihood of a December increase as very high.
Part of a series: Fed holds rates steady, officials debate next move
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Fed
San Francisco Fed President Mary Daly stated that the solid job market allows the central bank to focus on inflation, which requires further policy tightening. She noted that the recent jobs report was positive, though wage growth is not accelerating rapidly.
Fed
Federal Reserve official Muslem stated that inflation expectations are stable, though consumers remain concerned. He attributed current excess inflation to energy shocks and AI infrastructure spending.
Fed
Federal Reserve Governor Eric Barkin stated that current monetary policy is approximately neutral. He identified inflation as the primary risk for the Fed and noted that a gradual approach to policy changes makes sense.
Fed
Federal Reserve Governor Hammack stated that policy must become more restrictive to curb inflation. He noted that price pressures are widespread and favors making smaller, more frequent rate changes.
Consumer Credit
Consumer credit increased by $27.8 billion in October, significantly exceeding the $13.8 billion forecast and the previous month's $8.3 billion gain.
Consumer Sentiment
Preliminary data shows US consumer sentiment jumped 6.3 percent to 51.0 in November, up from 48.0 in October. One-year inflation expectations dropped to 4.3 percent, though they remain above levels seen in February.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.