Rich Miller

December 16, 2022 | Daily Business Review

Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation.

By Rich Miller, Jana Randow and Philip Aldrick, Bloomberg News.

6 minute read

May 20, 2022 | Daily Business Review

Wall Street economists are cutting their growth forecasts in response to a tightening of financial conditions engineered by an inflation-fighting Federal Reserve.

By Rich Miller

5 minute read

May 13, 2022 | Daily Business Review

Federal Reserve Chair Jerome Powell said the Fed was aiming to achieve a soft landing of the economy, in which inflation returns to its 2% target while the labor market remains strong.

By Rich Miller

3 minute read

February 14, 2022 | Daily Business Review

Oil is about 50% higher than a year ago, part of a broader rally in commodity prices that's swept up natural gas too.

By Enda Curran and Rich Miller

5 minute read

January 09, 2017 | Daily Report Online

Rich Miller of Ballard Spahr writes that the Supreme Court increases risk of big damage awards.

By Rich Miller

10 minute read

February 17, 2010 | Daily Report Online

President Barack Obama may be heading for a clash with the bond vigilantes who plagued Bill Clinton, the last Democratic president. Edward Yardeni, the economist who coined the term almost 27 years ago, says these institutional investors must come out of hiding and push Obama and Congress into confronting budget deficits that the administration estimates will total $4.

By Rich Miller and Mike Dorning

9 minute read

August 28, 2008 | Daily Report Online

The U.S. is facing the worst financial crisis since the Depression. You would never know that from the Democrats' platform in Denver or its Republican counterpart, or from listening to Barack Obama or John McCain. While both candidates have bemoaned the ravages of the subprime crisis, they have yet to spell out steps for tackling it, such as using taxpayer money to shore up banks and housing.

By Rich Miller

5 minute read

November 26, 2008 | Daily Report Online

The world needs more dollars. The United States is preparing to provide them. In an all-out assault on capitalism's worst crisis since the Great Depression, the U.S. is taking on the role of both lender and borrower of last resort for the global economy. The Federal Reserve, which has already pumped out hundreds of billions of dollars, might formally adopt a policy of flooding the world financial system with even more money.

By Rich Miller

6 minute read

December 08, 2011 | Daily Report Online

The U.S. received its highest rating from international investors in more than two years on new optimism that the world's largest economy will weather the financial crisis in Europe and avoid a recession in 2012, according to a Bloomberg poll.More than 2 in 5 of those surveyed-41 percent-identify the U.S. as among the markets that will perform best over the next year.

By Rich Miller

6 minute read

March 31, 2010 | Daily Report Online

Companies from Saks Inc. to Best Buy Co. are growing more confident that the recent revival of consumer spending is more than just a blip. New-York based Saks is "moving from defense to offense," selectively rebuilding inventory and increasing investment as consumers "come out of their shell," Stephen I.

By Cotten Timberlake and Rich Miller

7 minute read