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Goldman Sachs economists revise their outlook for the Federal Reserve in 2024, now anticipating a faster and steeper set of interest-rate cuts startiing in March. bloomberg.com/news/articles/… via Bloomberg Markets Chris Anstey Bloomberg Economics

Animal shelters across the US are overwhelmed and overflowing. Return-to-office mandates, heightened pet costs and landlord restrictions have helped drive a 22% jump in stray dogs in US shelters since 2021 via Steve Matthews & Diana Li bloomberg.com/news/articles/…

Some Federal Reserve officials seem to be setting a new bar for interest-rate cuts: a broader pullback in price pressures (via Steve Matthews & Rich Miller) bloomberg.com/news/articles/…

Inspiring breakout sessions this morning at our #IWDForum. Learning about piecing together childcare solutions with Reade Pickert alongside amazing leaders at Upwards, Chobani, and Moms First.

Perhaps the most surprising element of the last CPI report was an unusual jump in a key housing metric called OER. But things got even more confusing after learning BLS sent an email to so-called "super users" this week with more details on it w/ Matthew B bloomberg.com/news/articles/…

PAPER SOLDIERS is out today! Check out what Joshua Green (JoshuaGreen.bsky.social on 🟦) said about it (sure, he's a colleague, but I swear I didn't bully him into this lovely blurb) --->

Big picture for Fed: 1) June interest rate cut is looking doubtful; 2) 3 cuts in 2024 is likely too many, maybe 2 now? 3) Several more CPI & PCE reports before June or July, so early to be sure how things will play out; 4) The November election could complicate timing of cuts.

Professional news: I’m joining Bloomberg in a few weeks to cover the Federal Reserve and U.S. economy. I’m grateful to get back to reporting at this important time for the economy, and in a newsroom that’s already made me valued and welcome. 🧵

The number of Americans voluntarily working part time hit a record high this year, thanks in part to women — particularly mothers — benefiting from the pandemic-driven rise in flexible work arrangements via Catarina Saraiva bloomberg.com/news/articles/…

Americans are still spending, but there are growing signs the strong consumer firepower of recent years is fading. Among the reasons: The roughly $2 trillion in extra savings people stockpiled during the pandemic is now gone. via me & Laura Curtis bloomberg.com/news/articles/…

After four years covering the US Treasury, and lapping the globe a few times with a history-making secretary, I'm now shifting to a new role at Bloomberg, managing our coverage of the Federal Reserve as an editor. Luckily, we have the best team of Fed reporters in the land.

Cowboy hats, a taxidermy bear and Jerome Powell. Reade Pickert gives us a look behind the scenes of the Kansas City's Fed's annual conference in Jackson Hole, Wyoming trib.al/dbzlRDY

The happiest life update 🤍

Join us at 12:30PM EST TODAY for a conversation with Amara Omeokwe Enda Curran 柯恩达 & michael mackenzie to unpack the Fed's latest decision, dive into Chair Powell's press conference and talk about what the election means for the economy. Listen live here: bloomberg.com/sessions/2024-…

"Did I take money from the devil? What did I sign up for?” Defaults in a Fed pandemic program are surging as businesses struggle to to pay back Main Street Lending Program loans amid rising interest rates and large balloon payments. bloomberg.com/news/features/…

biggest story of my career! 📢 US agencies that produce vital economic data are struggling in the face of shrinking budgets. and they're under threat again as trump returns to the white house with a promise to slash federal spending bloomberg.com/news/articles/…

The Federal Reserve's dot plot is one of the most closely scrutinized charts in financial markets. Nicole Sy explains why—and shows you how to read between the dots trib.al/bUykBJc

New: Trump's Small Business Administration sent termination notices to probationary workers, then emailed to say they'd been "sent in error," then emailed workers the next day to say they were fired after all Unpaywalled link: bloomberg.com/news/articles/…

Are you worried about being able to pay your monthly bills? As US household debt continues to rise, Bloomberg reporters want to hear how you are managing living expenses: bit.ly/4dWJL1j

Thrilled to announce I will be starting as team leader of Bloomberg’s US Economy team next month! I’m excited to work with such a talented group of reporters and editors to cover all the twists and turns the economy may face over the coming years. Cheers to a new adventure!