The money supply contracted for the first time. What does stagnation mean.

font size The Fed raised interest rates seven times in the past year. Andy Jacobson/AFP/Getty Images The Federal Reserve faces a very important decision in the coming weeks. Markets expect the central bank to raise interest rates by a quarter of a percentage point, marking a significant slowdown in the pace of history-making increases. If … Read more

The Fed and the markets agree on wages and inflation, that’s a problem.

Federal Reserve officials continue to warn that more interest rate increases are coming because they don’t see the labor market softening enough for inflation to reach 2%. Above, US Postal Service employees work at the Los Angeles processing and distribution center. Mario Tama/Getty Images font size The economic data released last week seems to tell … Read more