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Monetary Policy

HomeTagsMonetary Policy

America’s Labour Market Stops Adding, and the Fed Loses Its Alibi

July payrolls fell by 23,000 and three months of hiring were revised into near-nothing, leaving the Federal Reserve without the one piece of evidence that made restrictive policy look painless.

The Fed’s Dissenters Are Arguing About the Wrong Half of the Mandate

Three Federal Reserve policymakers voted to raise rates this week, the strongest internal challenge to the current stance in a decade.

Two Inflation Stories, One Energy Shock

Fresh data from Eurostat and the Bureau of Labor Statistics show inflation retreating on both sides of the Atlantic, for reasons that offer central bankers little comfort.

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