Fed’s Evans Says Rates Will Need to Remain at Higher Levels
The Federal Reserve will need to hold interest rates high enough to slow the economy after it lifts them through...
indicators
Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn
Some economists fear the Federal Reserve—humbled after waiting too long to withdraw its support of a booming economy last year—is...
September Jobs Report Shows Payrolls Grew by 263,000, Labor Market Cooled Some
The unemployment rate fell to 3.5% from 3.7% in August, the Labor Department said Friday, matching a half-century low that...
Samsung Expects Earnings to Slump as Consumer Spending Slips
SEOUL— Samsung Electronics Co. is expected to see its third-quarter profit slump as the company’s mainstay memory-chip and smartphone businesses...
U.S. Jobless Claims Rose Last Week but Remain Historically Low
New applications for unemployment benefits rose last week in the latest sign of a cooling labor market, although they remained...
Fed’s Lael Brainard Warns on Inflation, Financial Stability Risks
A senior Federal Reserve official warned of the risks that additional inflationary shocks could lead the central bank to raise...
Mortgage Rates Rise to 6.7%, Highest Since 2007
Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis...
Developing Countries Face Stiff Economic Headwinds, World Bank Chief Says
WASHINGTON—The head of the World Bank warned that developing nations face an extremely challenging near-term outlook, as the sharp slowdown...
U.K. Market Woes Threaten Economic and Political Crisis
The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank...
Economy Week Ahead: Housing Market and Consumer Spending in Focus
Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last...
War, Inflation Knock World Economy Off Balance
The global economy is sputtering and financial markets are flashing red, reflecting a sense on Wall Street that a sharper...
U.K.’s Sweeping Tax Cuts Send Pound Tumbling, Yields Higher
LONDON—The British government unveiled the biggest tax cuts since the early 1970s in a high-stakes bet to jolt the U.K.’s...
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
The decision Wednesday—unanimously supported by the Fed’s 12-member rate-setting committee—will lift its benchmark federal-funds rate to a range between 3%...
Climbing Housing Costs Could Prop Up Inflation for a While
Rents and other shelter costs are emerging as a major driver of overall consumer inflation, keeping it high at a...
Economy Week Ahead: Federal Reserve and Other Central Banks in Focus
Federal Reserve Chairman Jerome Powell’s remarks are always of interest to investors. Photo: BRENDAN MCDERMID/REUTERS Sept. 18, 2022 3:00 pm...
Dollar’s Rise Spells Trouble for Global Economies
The U.S. dollar is experiencing a once-in-a-generation rally. For the rest of the world, that is a big problem.The dollar’s...
China’s Downturn Moderates, Though Property Woes Linger
HONG KONG—Renewed Covid-19 curbs and a worsening property downturn are dampening the outlook for China’s economy, despite some modest signs...
Possible Rail Stoppage Could Fuel More Inflation
As talks around new labor contracts for railway workers reach a crucial juncture, concerns are mounting over the potential upward...
U.S. August Inflation Rate Is Expected Tuesday Amid Lower Gasoline Prices
The U.S. inflation report for August will offer details of the price changes consumers faced at the end of the...
Fed Officials Back Another Large Rate Increase
A Federal Reserve official suggested he would support raising interest rates by another 0.75-percentage point later this month to combat...
