Greg Robb

1 week ago | marketwatch.com | Greg Robb

The FedNew York Fed president expects rise in unemployment rate from tariffs and uncertaintyLast Updated: April 11, 2025 at 11:53 a.m. ETFirst Published: April 11, 2025 at 11:08 a.m. ETNew York Fed President John Williams on Friday said that the unemployment rate could rise from its current level of 4.2% to between 4.5% and 5% over the next year, given the combined effects of uncertainty and the increases in tariffs announced by the White House.

1 week ago | morningstar.com | Greg Robb

By Greg Robb New York Fed president expects rise in unemployment rate from tariffs and uncertainty New York Fed President John Williams on Friday said that the unemployment rate could rise from its current level of 4.2% to between 4.5% and 5% over the next year, given the combined effects of uncertainty and the increases in tariffs announced by the White House.

1 week ago | marketwatch.com | Greg Robb

The University of Michigan’s gauge of consumer sentiment fell to 50.8 in a preliminary April reading from 57.0 in the prior month. Economists polled by the Wall Street Journal had expected an April reading of 54.6.

1 week ago | marketwatch.com | Greg Robb

The FedBar for easing rates in a non-recession scenario seems much higher than beforePublished: April 11, 2025 at 7:04 a.m. ETKansas City Fed President Jeff Schmid is a voting member of the Fed’s interest-rate committee this year Photo: Federal Reserve BoardSeveral Federal Reserve officials in separate speeches Thursday expressed the view that the U.S. central bank needs to make sure to throw a wet blanket over inflation expected to result from higher tariffs.

1 week ago | morningstar.com | Greg Robb

By Greg Robb Bar for easing rates in a non-recession scenario seems much higher than before Several Federal Reserve officials in separate speeches Thursday expressed the view that the U.S. central bank needs to make sure to throw a wet blanket over inflation expected to result from higher tariffs. While the Fed can't stop the initial burst of inflation, officials said they need to make sure inflation doesn't spread or the public will come to expect higher prices for their everyday necessities.