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...
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Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of...
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
Biden Rule Would Add More Gig Workers to Company Payrolls
The Biden administration is proposing a new rule that could put more gig workers on company payrolls, scrapping a Trump...
As Europe Caps Energy Bills, the Merits of Price Controls Get Another Look
The highest inflation in decades and the steep drop in Russian natural gas exports to Europe have pushed a growing...
Economy Week Ahead: Housing Market and Consumer Spending in Focus
Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last...
World Bank’s David Malpass Says He Isn’t Resigning Amid Criticism of His Climate Views
WASHINGTON—World Bank President David Malpass said Friday he wasn’t resigning from his position amid calls from climate advocates for him...
Fed Officials Back Another Large Rate Increase
A Federal Reserve official suggested he would support raising interest rates by another 0.75-percentage point later this month to combat...
Affordable Care Act Health-Plan Premiums Set to Rise
Premiums for many Affordable Care Act health-insurance plans are set to rise sharply next year, a sign of how rising...
A Slowing China Helps Rein In Inflation Around the World
A global slowdown, in particular in China, is taking the edge off inflation pressures, especially for key imports and commodities.Global...
Fed Plans 2023 Launch of Long-Anticipated Faster Payments System
WASHINGTON—The Federal Reserve is set to launch a long-awaited faster payments system next year, a step that officials say will...
U.S. GDP Fell Less Than Previously Thought in Second Quarter
The second-quarter decline in U.S. economic output was less severe than initially estimated and unemployment claims fell slightly last week,...
Biden to Announce Student Loan Forgiveness Plan
President Biden is planning to take executive action to forgive $10,000 or more in federal student loan debt for tens...
U.S. Steps Up Enforcement of Its Long List of Russia Sanctions
WASHINGTON—The U.S. has imposed a set of powerful sanctions against Russia’s economy to punish it for the invasion of Ukraine....
Federal Trade Commission Expected to Launch Effort to Expand Online Privacy Protection
WASHINGTON—The Federal Trade Commission is expected to begin writing federal rules to expand online privacy protections as soon as Thursday,...
U.S. Added 528,000 Jobs in July
The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July...
Trial Begins in Justice Department’s Bid to Block Book Publishing Merger
WASHINGTON—Trial proceedings kicked off in the Justice Department’s antitrust challenge to Penguin Random House’s planned acquisition of rival publisher Simon...
Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object
WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about...
Student Loan Servicers Told to Hold Off on Sending Billing Statements
WASHINGTON—The federal government’s student loan servicing contractors have been instructed to hold off on sending billing statements ahead of an...
