Everyone Wants to Talk to Gina Raimondo–Even China
The Commerce Department head tests her expanded reach this weekend. Source link
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How Hard Should the Fed Squeeze to Reach 2% Inflation?
The strategy the central bank adopts to fight the last mile of inflation has big, potentially painful implications for consumers,...
Some Fed Officials Are Turning Cautious about Raising Rates Too High
Central bank officials face a puzzle as inflation slows, but economic activity is firmer than anticipated. Source link
U.S. and China Poised to Drift Further Apart After Investment Ban
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Negotiators See Global Deal on Taxing Big Tech Companies Within Reach
An agreement would reallocate taxation of about $200 billion in profits; failure could lead some nations to impose their own...
Biden’s Trade Challenge: Kicking the China Dependency Habit
Officials want to avoid trade deals whose rules boost China’s role in supply chains, Greg Ip writes. Source link
Fed Holds Rates Steady but Expects More Increases
Officials had approved interest-rate hikes at their previous 10 meetings to combat inflation. Source link
Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default
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Debt-Ceiling Deal Does Little to Change Direction of Federal Spending, Economy
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Debt-Ceiling Fight Comes Down to Spending: Freeze or Cut?
Conservatives are pushing House Speaker Kevin McCarthy for deep reductions, while the White House is offering a spending freeze. Source...
WSJ News Exclusive | Fed Official Is Open to Forgoing June Rate Hike
Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting. Source...
Biden to Nominate Philip Jefferson for Fed’s No. 2 Job
The president will also tap economist Adriana Kugler for a Fed board seat. If confirmed, she would be the first...
Fed, Treasury Fine Wells Fargo for Sanctions Violations
MarketsFinancial RegulationFederal Reserve and the Treasury Department are fining the bank $97.8 million Source link
Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market
By Sarah Chaney Cambon and Ray A. SmithFeb. 9, 2023 8:01 am ETListen to article(2 minutes)Interest rates are rising, inflation...
Economy Week Ahead: U.S. GDP, Household Spending in Focus
EconomyEconomy Week AheadBusiness-activity surveys from around the world, as well as Canada’s monetary-policy decision, are on tap Source link
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to...
Inflation Takes Biggest Bite From Middle-Income Households
Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest. Many low-income...
WSJ News Exclusive | IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600
The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users...
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
WSJ News Exclusive | Chinese Solar Manufacturers Dodged U.S. Tariffs, Probe Finds
Updated Dec. 2, 2022 6:50 am ETListen to article(2 minutes)WASHINGTON—Four leading Chinese solar-cell manufacturers circumvented U.S. tariffs by routing some...
