Central Banks May Stoke Risks by Raising Interest Rates Together
Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on...
Inflation
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...
Middle-Income Households Feel Bigger Pinch From Inflation, Report Finds
Annual inflation has hovered in recent months above 8%, the highest levels in roughly 40 years. Photo: Brandon Bell/Getty Images...
World’s Central Banks Race to Raise Rates After Fed Increase
LONDON—Central banks around the world moved Thursday to combat the effects of a soaring dollar and rising inflation, joining the...
How the Fed’s Rate Increase Will Hit Americans’ Monthly Budgets
By raising rates, the Fed seeks to cool the economy and rein in inflation, which continued to run higher than...
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...
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...
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...
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...
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...
U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
U.S. companies are bringing workforces and supply chains home at a historic pace.American companies are on pace to reshore, or...
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...
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...
