Get Ready for the Richcession
If the economy enters a recession in 2023, or even if it manages to narrowly evade one, it might be...
economic performance
Stay for Pay? Companies Offer Big Raises to Retain Workers
EconomyU.S. EconomyRecent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Source link
Economy Week Ahead: Jobs Report, Fed Minutes in Focus
EconomyEconomy Week AheadData will gauge health of the U.S. labor market, offer details on central bankers’ interest-rate discussions Source link
Inflation Takes Biggest Bite From Middle-Income Households
Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest. Many low-income...
WSJ News Exclusive | Laid Off Tech Workers Quickly Find New Jobs
Most laid off workers in tech are finding jobs shortly after beginning their search, as employers continue to scoop up...
Consumer Spending Tapered Off Ahead of the Holidays
Households boosted spending on services while cutting outlays on goods, including autos. The outlook for the holiday-shopping season remains murky....
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely
Most officials penciled in plans to raise rates above 5% next year, higher than previously expected. Source link
U.S. Inflation Eased in November, CPI Report Shows
U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021, the Labor Department said...
Slowing Growth Edges Out Inflation as Top Concern
Equities and fixed-income markets have diverged in December, suggesting that investors’ preoccupation with inflation is fading. Source link
Investors Grow More Confident Fed Will Pull Off a Soft Landing
Mutual funds and hedge funds are putting money in stocks that would benefit from slowing inflation and falling rates. Source...
Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in membership fees. Source link
Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise
The strong November jobs report keeps the Federal Reserve on track to raise interest rates by a half percentage point...
Spending Report to Offer Clues About Consumers’ Strength This Holiday Season
EconomyGovernment to release October figures on spending, inflation and income Source link
Third-Quarter U.S. Growth Was Stronger Than Previously Thought
Job openings in October remained high and far exceeded the number of people seeking work. Source link
Eurozone Inflation Eased in November, but Further Rate Rises Likely
WorldEuropeECB’s Christine Lagarde is skeptical that inflation has peaked as the eurozone economy likely enters recession Source link
Home Prices Slid in September for Third Straight Month
EconomyU.S. EconomyCase-Shiller index fell 1% in September from August amid higher interest rates Source link
Fed’s Williams Says Inflation Fight Could Last Into 2024
A senior Federal Reserve official said he expects inflation pressures to recede over the next year but cautioned the central...
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon
EconomyU.S. EconomyPolicy makers have signaled plans to dial back the pace of interest-rate increases, while warning rates could rise to...
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of...
