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...
Inflation
Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs
BusinessRecent wave of job cuts marks departure from previous downturns when blue-collar workers were shed first Source link
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
Inflation in Europe drops for the first time in 17 months | CNN Business
London CNN Business — For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by...
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...
Inflation Report Leaves Fed on Track for 0.5-Point Rate Rise in December
The October inflation report is likely to keep Federal Reserve officials on track to approve a half-percentage-point interest-rate increase next...
Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds
EconomyCentral bank identifies near-term threats in Financial Stability Report Source link
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
EconomyU.S. EconomyChairman Jerome Powell says too soon to talk about pausing rate increases Source link
The Fed’s Problem With the Job Market
Federal Reserve officials worry that rising wages will lock the economy into a high-inflation regime. But how great is the...
Economic Pressures Weigh on Voters in Final Midterms Campaign Stretch
Sean Belveal, a 44-year-old assistant high-school principal in suburban Cleveland who voted for President Biden, thinks his middle-class family shouldn’t...
U.S. Wages Rose Rapidly in Third Quarter, Keeping Pressure on Inflation
Wages and prices continued to rise rapidly in the late summer, keeping the Federal Reserve on track for more interest-rate...
Consumer Spending Rose in September as Prices for Rent, Transportation Increased
Americans stepped up their spending and slowed their saving in September as they faced higher prices, especially for services such...
Soaring Inflation Pushes Halloween Candy Prices Scary High
Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.Now it’s coming for...
Companies Take Different Strategies to Navigate High Inflation
The first batch of earnings reports from companies for the September quarter show that corporate profit margins are feeling the...
IRS to Make Largest Increase Ever to 401(k) Contribution Limit
Millions of Americans can save more in retirement accounts next year, after inflation adjustments made Friday by the Internal Revenue...
U.S. Deficit Shrank Last Fiscal Year, but Is Poised to Widen as Economy Slows
The U.S. budget deficit narrowed last year, but a cooling economy and rising interest rates put it on track to...
Economists Now Expect a Recession, Job Losses by Next Year
The U.S. is forecast to enter a recession in the coming 12 months as the Federal Reserve battles to bring...
U.S., Allies Negotiating Price Level for Russian Oil Cap
WASHINGTON—The U.S. and its partners are rushing to hammer out an agreement on a level for a price cap on...
