Even so, Fed officials are looking for more evidence that inflation is sustainably on a downward trend, and in the meantime, they're not rushing to cut interest rates.
After a steep drop in January, today's report points to a consumer who's growing more discerning as the labor market starts to cool, credit access becomes more limited, and higher prices continue to bite.
"The February jobs report doesn't look recessionary. But it does suggest the Fed is getting closer to mission accomplished, calming the hot jobs market that contributed to high inflation."
More numbers are due out before the next FOMC meeting in March, but if they are similar to today's data, the Fed will likely delay any interest rate cuts
DebugScreen: mobile
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"articles": [
{
"uri": "/2024/04/15/u-s-retail-sales-top-forecasts/",
"title": "U.S. Retail Sales Top Forecasts",
"byline": "Augusta Saraiva",
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"prettyDate": "April 15, 2024",
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"summary": "The value of retail purchases increased 0.7% from February. Excluding cars and gasoline, sales jumped 1% month over month.",
"body": null
},
{
"uri": "/2024/04/10/u-s-core-cpi-tops-forecasts-again/",
"title": "U.S. Core CPI Tops Forecasts Again",
"byline": "Augusta Saraiva",
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"prettyDate": "April 10, 2024",
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"summary": "After the metric rose 3.8% rise year-over-year: \"The sound you heard there was the door slamming on a June rate cut.\"",
"body": null
},
{
"uri": "/2024/03/29/feds-preferred-inflation-metric-cools/",
"title": "Fed's Preferred Inflation Metric Cools",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "March 29, 2024",
"timeToRead": "3 minute",
"image": {
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"summary": "Even so, Fed officials are looking for more evidence that inflation is sustainably on a downward trend, and in the meantime, they're not rushing to cut interest rates.",
"body": null
},
{
"uri": "/2024/03/28/key-gauges-suggest-u-s-economy-is-still-advancing-at-a-healthy-clip/",
"title": "Key Gauges Suggest U.S. Economy Is Still Advancing at a Healthy Clip",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "March 28, 2024",
"timeToRead": "3 minute",
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"summary": "At the end of last year, GDP rose at a 3.4 percent annualized pace, while GDI jumped 4.8 percent, the most in two years.",
"body": null
},
{
"uri": "/2024/03/14/u-s-retail-sales-miss-forecasts/",
"title": "U.S. Retail Sales Miss Forecasts",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "March 14, 2024",
"timeToRead": "3 minute",
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"summary": "After a steep drop in January, today's report points to a consumer who's growing more discerning as the labor market starts to cool, credit access becomes more limited, and higher prices continue to bite.",
"body": null
},
{
"uri": "/2024/03/12/u-s-core-inflation-tops-forecasts-again/",
"title": "U.S. Core Inflation Tops Forecasts—Again",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "March 12, 2024",
"timeToRead": "4 minute",
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"summary": "In February, the core CPI rose 0.4% from January and 3.8% from a year ago.",
"body": null
},
{
"uri": "/2024/03/08/u-s-jobless-rate-hits-two-year-high/",
"title": "U.S. Jobless Rate Hits Two-Year High",
"byline": "Augusta Saraiva",
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"prettyDate": "March 08, 2024",
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"summary": "\"The February jobs report doesn't look recessionary. But it does suggest the Fed is getting closer to mission accomplished, calming the hot jobs market that contributed to high inflation.\"",
"body": null
},
{
"uri": "/2024/02/29/feds-preferred-inflation-metric-increases-by-most-in-a-year/",
"title": "Fed's Preferred Inflation Metric Increases by Most in a Year",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "February 29, 2024",
"timeToRead": "4 minute",
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"summary": "In January, the PCE price index rose 0.4 percent from December and 2.8 percent from a year prior.",
"body": null
},
{
"uri": "/2024/02/29/u-s-gdp-revised-slightly-lower-despite-strong-consumer-spending/",
"title": "U.S. GDP Revised Slightly Lower Despite Strong Consumer Spending",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "February 29, 2024",
"timeToRead": "2 minute",
"image": {
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"summary": "GDP rose at a revised annualized rate of 3.2% in the fourth quarter, compared with a prior estimate of 3.3%.",
"body": null
},
{
"uri": "/2024/02/13/u-s-inflation-tops-forecasts/",
"title": "U.S. Inflation Tops Forecasts",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "February 13, 2024",
"timeToRead": "5 minute",
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"summary": "More numbers are due out before the next FOMC meeting in March, but if they are similar to today's data, the Fed will likely delay any interest rate cuts",
"body": null
}
]
}
}
