U.K. Inflation Tops 10%, Underlining Gloomy Outlook for Europe
The U.K.’s annual rate of inflation moved into double digits in July and is set to rise even higher by...
price indices
Japanese Economy Recovers Prepandemic Size With 2.2% Growth
TOKYO—Japan’s economy recovered its prepandemic size in the April-June quarter thanks to strong consumer spending and higher exports, but inflation...
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...
Bank of England Makes Biggest Rate Rise Since 1995 as Inflation Soars
LONDON—The Bank of England raised its key interest rate by a half percentage point Thursday, the largest single step in...
Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure
Inflation accelerated in June, measured by the Federal Reserve’s preferred gauge, driven by a jump in energy prices as well...
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...
Cheaper Beer, Cigarettes Gain Favor as Inflation Pinches Shoppers
Shoppers are trading down to cheap beer brands and discount cigarettes as they feel more pressure on their pocketbooks.Consumer prices...
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...
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. 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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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...
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...
