Booming Job Gains Could Fuel Fed Debate Over Whether More Is Needed to Corral Inflation
EconomyU.S. EconomyOfficials seeking to fight inflation could face tricky decisions if wage growth slows and hiring stays strong Source link
Interest Rates
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
Economy Week Ahead: U.S. Interest Rates, Labor Market in Focus
EconomyEconomy Week AheadJob reports will gauge U.S. wages, openings and overall labor market, while Fed meets to consider raising rates...
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
Europe could dodge a recession. But the UK is in a mess | CNN Business
London CNN — Business activity across the 20 countries that use the euro expanded in January for the first time...
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Top Fed Official Sees Inflation Decline as Notable Improvement
A top Federal Reserve official said the recent decline in inflation was an important development that could raise questions over...
Fed’s Barkin and George Say Inflation Fight Isn’t Over Despite Promising Signs
Inflation readings have been encouraging recently, but the Fed’s fight against rising prices isn’t over, the leaders of the Richmond...
Fed Official Sees Progress on Inflation, Says More Rate Rises Needed
The Federal Reserve’s short-term benchmark rate isn’t yet at a level high enough to sufficiently slow the U.S. economy to...
Here’s what will drive markets this year | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Here’s what could tip the global economy into recession in 2023 | CNN Business
London CNN — The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central...
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
Bank of England Raises Rates by 0.5 Point, Slowing Pace of Tightening
WorldEuropeDecision follows a similar move by the Swiss National Bank on a busy day for Europe’s most influential central banks...
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely
Most officials penciled in plans to raise rates above 5% next year, higher than previously expected. Source link
Inflation cooled more than expected in November | CNN Business
Minneapolis CNN — Tuesday brought some encouraging news on the stubbornly high prices that have weighed down Americans: Inflation as...
Why we think we’re in a recession when the data says otherwise | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
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...
Eurozone Inflation Eased in November, but Further Rate Rises Likely
WorldEuropeECB’s Christine Lagarde is skeptical that inflation has peaked as the eurozone economy likely enters recession Source link
Home Prices Slid in September for Third Straight Month
EconomyU.S. EconomyCase-Shiller index fell 1% in September from August amid higher interest rates Source link
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...
