ECB Raises Rates by Half-Percentage Point in First Hike Since 2011
FRANKFURT—The European Central Bank raised interest rates by a larger-than-expected half-percentage point and unveiled a new plan to buy the...
Inflation
Inflation Has Outpaced Wage Growth. Now It’s Cutting Into Spending.
Early in the Covid-19 pandemic, U.S. wage growth accelerated, as weekly earnings jumped more than 7% in April and May...
Hot Inflation Report Puts Pressure on Federal Reserve
Another big increase in consumer prices last month led investors Wednesday to anticipate that the Federal Reserve would strongly consider...
U.S. Inflation Hits New Four-Decade High of 9.1%
U.S. consumer inflation climbed to 9.1% in June, a pace not seen in more than four decades, adding pressure on...
Beware Wishful Thinking About Inflation and Recession
Inflation has peaked. The Fed’s tightening has accomplished its mission. Strong labor market and consumer fundamentals will keep any recession...
U.S. Added 372,000 Jobs in June
Hiring in June was near monthly gains logged earlier in the year, the Labor Department on Friday said. Companies added...
Why Consumers’ Inflation Psychology Is Stoking Anxiety at the Fed
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Jeff Bezos Criticizes Biden’s Call for Gas Stations to Cut Prices
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Americans Have Had It With Inflation
James Duffy used to frequent the coffee shop on weekends to enjoy an Americano and read a book. Then, rising...
Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs...
Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow
Auto makers are marking up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher...
AT&T, Verizon Raise Prices and Test Consumer Budgets
The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans. Source link
Consumer Sentiment at Record Low Is Another Ominous Sign for Economy
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding...
Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its...
U.S., European Economies Slow Sharply as Recession Risks Grow
The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other...
Recession Probability Soars as Inflation Worsens
Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in...
Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July
Governor Christopher Waller says the Fed took a significant step toward achieving its inflation goal when it raised its key...
Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans
The Fed’s moves to chill inflation have driven up bond yields and many other borrowing costs linked to them. So...
