
Matt Grossman
Economics Reporter at The Wall Street Journal
Economics Reporter at Dow Jones Newswires
Economics reporter, WSJ/DJN
Articles
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1 day ago |
barrons.com | Connor Smith |Karishma Vanjani |Matt Grossman |George Glover
Gold prices rose on the back of weaker labor market data, but soon gave back much of those gains. Gold futures for June delivery were around $3,390 after initial claims for unemployment benefits exceeded markets' expectations. More people filing for unemployment paints a sour picture of the economy and pushes investors to safer investments, like gold. Gold prices have now moderated, but still remain at the edge of marking a new record high.
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4 days ago |
tradingview.com | Matt Grossman
U.S. Construction Spending Fell in AprilUSCONSTSThe pace of spending on construction in the U.S. declined in April, the Commerce Department said Monday, the second straight month that funds put into building declined. Construction spending slipped to a $2.152 trillion annualized rate in April, down from $2.162 trillion in March, or a drop of 0.4%. Economists polled by The Wall Street Journal were forecasting a 0.2% increase.
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4 days ago |
wsj.com | Matt Grossman
New trade barriers are likely to push up prices in the short term, Waller saidJune 1, 2025 8:17 pm ET|WSJ ProA short-lived bump in tariff-driven inflation could pass quickly enough to allow U.S. interest-rate cuts later this year, especially if tariffs themselves ease, Federal Reserve governor Christopher Waller said. New trade barriers are likely to push up prices in the short term, Waller said in a speech at a conference in Seoul, South Korea, on Monday morning local time.
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4 days ago |
tradingview.com | Matt Grossman
Fed's Waller Highlights a Path to 2025 Rate CutsA short-lived bump in tariff-driven inflation could pass quickly enough to allow U.S. interest-rate cuts later this year, especially if tariffs themselves ease, Fed governor Christopher Waller said. New trade barriers are likely to push up prices in the short term, Waller said in a speech at a conference in Seoul, South Korea Monday morning local time.
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6 days ago |
wsj.com | Matt Grossman
Consumer prices increased by 0.1% last month according to the PCE price indexThe Fed’s preferred gauge of consumer prices ticked up just slightly in April, a modest increase that lowered the 12-month inflation rate. Consumer prices increased by 0.1% last month according to the personal-consumption-expenditures price index, the Commerce Department said Friday. That brought the index’s 12-month increase to 2.1% through April, down from 2.3% through March and even closer to the Fed’s 2% target.
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RT @greg_ip: Fed chair Jay Powell today addressed a question my column raises: will the Supreme Court, in an upcoming decision, weaken the…

RT @ClareMalone: This is why photo editors are important 👏 https://t.co/QeQBLe7bDK

No sign of a big rise in jobless claims https://t.co/dusWrqMre9