Fed’s Powell Affirms Need to Act Strongly to Fight Inflation
Federal Reserve Chairman Jerome Powell said the central bank is squarely focused on bringing down high inflation to prevent it...
indicators
U.S. Trade Deficit Shrank in July
The U.S. reported a sharp narrowing in the July trade deficit due to weaker demand for imports, a positive sign...
A Slowing China Helps Rein In Inflation Around the World
A global slowdown, in particular in China, is taking the edge off inflation pressures, especially for key imports and commodities.Global...
Consumers Feel Worse Now Than They Did During Covid Lockdowns
The University of Michigan survey of consumer sentiment measures how U.S. consumers feel about their personal finances, business conditions and...
New Dallas Fed Chief Puts Inflation Fight on Front Burner
Lorie Logan in her first comments as leader of the Federal Reserve Bank of Dallas on Wednesday said she agreed...
Economy Week Ahead: Job Market and Home Prices in Focus
The Labor Department will release July employment data this week. Job seekers attend a summertime job fair in Jackson, Miss....
China’s Industrial Profit Falls on Covid-19 Measures, Bad Weather
China’s industrial profit dropped in the first seven months of the year, reversing a year-on-year increase in the first half...
U.S. GDP Fell Less Than Previously Thought in Second Quarter
The second-quarter decline in U.S. economic output was less severe than initially estimated and unemployment claims fell slightly last week,...
Amazon Adds Revenue Streams as Holiday Season Approaches
Amazon.com Inc. AMZN -2.86% is adding new revenue streams ahead of the holiday season to help it counter inflationary pressures...
Fed’s Bullard Leans Toward Favoring 0.75-Percentage-Point September Rate Rise
Federal Reserve Bank of St. Louis President James Bullard said Thursday he is considering support for another large rate rise...
Wall Street Bets the Fed Is Bluffing in High-Stakes Inflation Game
Wall Street thinks it’s bluffing.This could spell trouble for both of them. Markets pummeled by the Fed’s rate increases in...
U.S. Home-Sales Report for July Comes as Housing Market Cools
The National Association of Realtors’ July report on existing-home sales will cap a week of figures that so far have...
Fed Officials See Need for Continued Interest-Rate Increases, but Less Certainty Over Destination
Federal Reserve officials agreed at their monetary-policy meeting last month they needed to keep raising interest rates enough to lower...
U.S. Retail Spending Held Steady in July
U.S. consumers continued opening their wallets last month, shifting savings from falling gasoline prices to purchases of everyday goods as...
U.K. Inflation Tops 10%, Underlining Gloomy Outlook for Europe
The U.K.’s annual rate of inflation moved into double digits in July and is set to rise even higher by...
China Growth Slows Across All Fronts in July, Prompting Unexpected Rate Cut
SINGAPORE—China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly...
Japanese Economy Recovers Prepandemic Size With 2.2% Growth
TOKYO—Japan’s economy recovered its prepandemic size in the April-June quarter thanks to strong consumer spending and higher exports, but inflation...
Consumers Are Still Spending on Fun
Americans are splurging on summer travel and entertainment, putting their money toward experiences outside of the homes where they spent...
Fed Likely to Want Further Evidence of Inflation Slowdown
A slowdown in inflation last month, following recent indications of a robust labor market, complicates the Federal Reserve’s decision on...
Rapid Wage Growth Keeps Pressure on U.S. Inflation
Workers’ wages are rising briskly, a factor contributing to four-decade high U.S. inflation.Average hourly earnings grew 5.2% in July from...
