Matt Grossman

New York

Economics Reporter at The Wall Street Journal

Economics Reporter at Dow Jones Newswires

Economics reporter, WSJ/DJN

Articles

Dow Tumbles as UnitedHealth Earnings Miss; S&P 500 Gains; Nasdaq Falls; Trump Tariffs News; Nvidia, TSMC, AMD, Tesla, More Movers

1 week ago | barrons.com | Connor Smith |Anthony Harrup |Paulo Trevisani |Matt Grossman

Oil futures rise sharply to snap a two-week losing streak as dollar losses, tighter U.S. sanctions against Iranian crude and signs of easing in some U.S. trade tensions contribute to gains. The market is also helped by OPEC+ updating output compensation plans by members that have produced above their agreed levels.
Fed’s Waller: Sustained Tariffs Could Send Inflation Near 5%

1 week ago | wsj.com | Matt Grossman

Fed governor Christopher Waller called new tariffs "one of the biggest shocks to affect the U.S. economy in many decades," forecasting that if they stay high they could temporarily lift inflation to near 5%, slow economic growth and prompt more rate cuts. In a speech in St. Louis, Waller acknowledged high uncertainty about the future path of trade policy and the economic consequences.
Fed's Waller: Sustained Tariffs Could Send Inflation Near 5%

1 week ago | tradingview.com | Matt Grossman

By Matt GrossmanNew foreign levies outlined by the Trump administration are "one of the biggest shocks to affect the U.S. economy in many decades," Fed Gov. Christopher Waller said Monday, forecasting that if tariffs stay high, they could push inflation to near 5% in the coming months. Even so, the elevated inflation would likely be temporary, Waller said--though he acknowledged that this view proved incorrect about inflation in 2021.
Consumers' Long-Run Inflation Views Hold Steady in NY Fed Survey

1 week ago | morningstar.com | Matt Grossman

By Matt Grossman Consumers' expectations shifted in March toward greater inflation over the next year, according to the New York Fed's monthly survey. But their views of expected longer-run inflation didn't increase, a reassuring sign amid concerns that tariffs could spark a spiral of self-fulfilling beliefs about lasting price increases. Over the next 12 months, consumers foresaw 3.6% inflation in March, up from 3.1% in February.
Fed’s Williams Sees Greater Inflation, Slower Growth After Tariffs

1 week ago | wsj.com | Matt Grossman

New York Fed President John Williams expects tariffs to lift inflation and chill economic growth, and said the Federal Reserve’s monetary-policy stance is in “the right place to manage those risks the best we can.”Speaking at the Puerto Rico Chamber of Commerce in San Juan on Friday, Williams said the economy began 2025 on a strong footing but that policy uncertainty is now dealing it a challenge. Stay on top of inflation and monetary policy.
Fed's Williams Sees Greater Inflation, Slower Growth After Tariffs -- Update

1 week ago | marketscreener.com | Matt Grossman

By Matt Grossman New York Fed President John Williams expects tariffs to lift inflation and chill economic growth, and said the Federal Reserve's monetary-policy stance is in "the right place to manage those risks the best we can." Speaking at the Puerto Rico Chamber of Commerce in San Juan Friday, Williams said the economy began 2025 on a strong footing but that policy uncertainty is now dealing it a challenge.
Consumer Confidence Sinks Further, UMich Says

1 week ago | wsj.com | Matt Grossman

Household sentiment darkened further to start April, according to the University of Michigan’s preliminary survey data for the month. The UMich survey’s preliminary headline index reading for April dropped to 50.8, down from 57 in March.
Fed’s Williams Warns of Higher Inflation, Lower Growth With Tariffs

1 week ago | wsj.com | Matt Grossman

John Williams, the president of the New York Fed, warned that newly implemented tariffs and reduced immigration have lowered the U.S. growth outlook and raised his expectations for inflation and unemployment. In a speech in Puerto Rico Friday, Williams said he expects:Economic growth to slow to below 1%, from its 2.4% annualized pace in last year's fourth quarter. Inflation of 3.5% to 4% ahead, compared with 2.5% in the latest reading from the Fed's preferred gauge.
Fed's Williams Sees Greater Inflation, Slower Growth After Tariffs

1 week ago | tradingview.com | Matt Grossman

Fed's Williams Sees Greater Inflation, Slower Growth After TariffsNew York Fed President John Williams expects tariffs to lift inflation and chill economic growth, and said the Federal Reserve's monetary-policy stance is in "the right place to manage those risks the best we can."Speaking at the Puerto Rico Chamber of Commerce in San Juan Friday, Williams said the economy began 2025 on a strong footing but that policy uncertainty is now dealing it a challenge.
Consumer Confidence Sinks Further, UMich Says

1 week ago | tradingview.com | Matt Grossman

Consumer Confidence Sinks Further, UMich SaysUMCSENTHousehold sentiment darkened further to start April, according to the University of Michigan's preliminary survey data for the month. The UMich survey's preliminary headline index reading for April dropped to 50.8, down from 57 in March. Economists polled by The Wall Street Journal had expected a reading of 54.6.Assessments of current conditions fell to 56.5 from 63.8 in March.