The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.”
Category: Inflation (Economics)
Key Inflation Gauge Cooled in May, Welcome News for Federal Reserve
The Federal Reserve is monitoring “core” price increases for a hint at how inflation will develop. They slowed slightly in May.
Bank of England’s Critics Multiply After Interest Rate Increase
Pressure is building in Britain for the bank’s governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem.
Bank of England Raises Rates More Than Expected, as Inflation Persists
‘We know this is hard,’ the central bank’s governor said, after increasing interest rates by a half point, to 5 percent.
What Recession? Some Economists See Chances of a Growth Rebound.
The Federal Reserve has raised rates rapidly. But instead of cracking, some data point to an economy that’s thriving.
U.S. Hiring Surges With January Gain of 517,000 Jobs
The report defied expectations and underscored the challenges for the Federal Reserve, which is trying to cool the labor market to fight inflation.
U.S. employers added 517,000 jobs in January.
The hefty hiring figures defied expectations and underscored the challenges facing the Federal Reserve, which is trying to cool the labor market in its effort to tame rapid inflation.
Fed Meeting Today: Central Bank Expected to Lift Interest Rates
The central bank is expected to lift interest rates and offer signals about what might come next.
Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The continued growth in the fourth quarter showed the resilience of consumers and businesses in the face of rising inflation and interest rates.