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The Latest Breaking News from Gregory Daco

Inflation clouds Fed decision despite hold expectations

The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging inflation, fueled by President Donald Trump's actions, is a significant concern for many. Policymakers worry about inflation expectations becoming unmoored from the two percent target.…

The Economic Times

Trump can’t stop shooting himself in the foot, as the stage looks set once again for Warsh to hold—if not hike—interest rates

“After months of upside inflation surprises, patience is wearing thin,” writes EY-Parthenon’s Gregory Daco.

Fortune

US Federal Reserve expected to hold rates steady as inflation swirls

The US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymakers to keep interest rates steady amid inflation concerns that could be exacerbated by US President Donald Trump's renewed war on Iran. Most investors expect the Fed to hold…

The Economic Times

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Fed officials fret over inflation risk, weigh rate hikes

Federal Reserve officials remain concerned about persistent inflation pressures. Incoming price reports will guide future interest rate decisions by policymakers. A divided committee discussed scenarios for potential policy responses. Some officials favor holding rates steady while others see hikes as appropriate. The central bank awaits crucial economic data to shape…

The Economic Times

'I Love the Inflation': Trump Defies Economic Experts as US Consumer Prices Record Dramatic Spike

President Trump expressed enthusiasm for high inflation, linking it to covert oil seizures. His remarks have intensified political tensions and economic concerns during a challenging midterm election year.

International Business Times UK

Trump once again pushes Powell to drop rates 'IMMEDIATELY,' but a zero-cut year looks increasingly likely

"We have revised our baseline to show only one rate cut in 2026 ... but it is entirely plausible that the Fed won’t deliver any rate cuts this year."

Fortune

How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond

As the price of crude oil surged, consumers were feeling the effects of the Iran war and its damage to worldwide energy production

The Independent UK

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Productivity gains fuel U.S. growth while hiring slows

EY Chief Economist Gregory Daco says businesses are generating growth with fewer workers and rising efficiency.

Fortune

'Two Different Worlds,' A Quarter Of U.S. Households Are Living Paycheck To Paycheck Study Finds

Nearly one-quarter of U.S. households are living paycheck to paycheck, according to a study by the Bank of America Institute released last week.

Benzinga

Gold’s record price is driven by the ‘debasement trade,’ China, and fear of an AI bubble, analysts say

Gold surged past $4,000 an ounce, up 50% this year, driven by investor fears over government debt, a weaker dollar, a buying spree by China’s central bank, and concerns the AI stock boom may collapse.

Fortune

CFOs must focus on agility in scenario planning amid government shutdown, says economist

Planning for resilience has become a strategy for survival.

Fortune

US Fed Set For First Rate Cut Of 2025 As Trump Pressure Looms

The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles competing forces in the path forward -- with heightened political pressure and likely divisions among its ranks.

International Business Times

Cooling US Jobs Market In Focus As Political Scrutiny Heats Up

US employment data on Friday is expected to confirm a cooled labor market, as companies pull back on hiring amid continued uncertainty over President Donald Trump's tariffs.

International Business Times

Federal appeals court tariff ruling signals CFOs to 'plan for turbulence'

The decision on tariffs introduces fresh uncertainty, says Gregory Daco, EY-Parthenon chief economist.

Fortune

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International Business Times

US Fed Set To Hold Firm Against Trump Pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

International Business Times

US Second Quarter GDP Growth To Reflect Tariff Turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

International Business Times

'Into A Void': Young US College Graduates Face Employment Crisis

Over two years, Rebecca Atkins filed more than 250 job applications, and felt like every one was going into a gaping chasm -- one opened by the highest unemployment rate for recent college graduates in the United States in more than a decade.

Fortune

The three issues keeping Fed Chair Jerome Powell up at night

The Federal Reserve is currently taking a wait-and-see approach regarding interest rates.

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Fortune

Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market

“If you’re starting to worry about the downside risk to the labor market, move now, don’t wait,” Waller told CNBC.

International Business Times

US Fed Set To Hold Rates Steady In The Face Of Trump Pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

International Business Times

US April Inflation Cooled More Than Expected, Despite Tariffs

The US Federal Reserve's preferred inflation measure cooled more than expected last month, according to government data published Friday, as President Donald Trump's "liberation day" tariffs on most countries came into effect.

Fortune

CFOs need a new 'playbook' for tariff-fueled uncertainty

The Fed's decision to hold rates steady underscores a critical reality for business leaders, according to economists.

Fortune

Investors worry about Fed independence as stocks rise in China and Japan

Wall Street is almost certain that the Fed will keep interest rates steady in the 4.25-4.50% range, but analysts expect that Trump will ratchet up his attacks on Fed Chair Jerome Powell for not lowering rates.

International Business Times

US Fed Likely To Keep Rates Steady As Trump Uncertainty Flares

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

International Business Times

US Consumer Inflation Unexpectedly Up, Trump Blames Biden

US consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden.

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