Economy Week Ahead: U.S. Growth, Interest Rates and Wages in Focus
Tuesday The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas, will show...
Interest Rates
Russia’s Central Bank Slashes Rates, Sees Smaller Hit From Sanctions
Russia’s central bank Friday lowered its key interest rate below its prewar level, and said it expects the economy to...
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...
Fed Official Says 0.75-Point Interest Rate Rise Seems Most Likely in July
Federal Reserve officials are wrestling with how to set expectations for their policy meeting in two weeks after another scorching...
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. 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...
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...
What It Takes to Buy Your First Home Now
Dylan Holland and Breanna Cameron started shopping for their first home in the Atlanta suburbs in December 2021, with a...
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...
Fed’s Bullard Says He Expects Economic Expansion to Continue This Year
Federal Reserve Bank of St. Louis President James Bullard said the economy appears on track for more expansion this year,...
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...
The Myth of the Central Bank ‘Soft Landing’
“Soft landings” are easier to find in the legendarium of central banks than in historical reality. It was a big...
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at...
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week
A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets...
Powell’s Opinions on Inflation Matter, Not Biden’s
One of the reasons inflation got out of control in the 1970s is that policy makers had heterodox theories about...
Economy Week Ahead: Inflation in Focus
The U.S. consumer-price index for May is forecast to show inflation remained high. Photo: Spencer Platt/Getty Images U.S. and China...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
Fed Official Supports Raising Interest Rates at Fast Clip ‘for Several Meetings’
A Federal Reserve official said Monday he would support raising interest rates in half-percentage-point increments for several more meetings, adding...
