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The Marked Chart Wire · Economy and the Fed
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.
Part of a series: Fed holds rates steady as officials debate next move
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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.
Consumer Sentiment
The University of Michigan preliminary index rose to 51, exceeding the 48 forecast and the prior 48.0 reading. One-year inflation expectations fell to 4.3 percent, while five-year expectations dropped to 3.4 percent.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.