Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to commit.
Category: Consumer Behavior
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Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.
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Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.
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Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their June meeting.
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Joseph Pedott, 91, Dies; Made Chia Pets an ‘as Seen on TV’ Sensation
The commercials he created, with their “ch-ch-ch-Chia” jingle, became as much a vivid part of American consumer life as the goofy product they sold.
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Consumer Spending Stalled Last Month
The slowdown is good news for policymakers worried about inflation, but a sign that the engine of the economy could be losing steam.
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Inflation Has Eased, but Economists Are Still Worried
Inflation has come down from its 2022 heights, but economists are worried about its stubbornness.
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Inflation Has Eased, but Economists Are Still Worried
Inflation has come down from its 2022 heights, but economists are worried about its stubbornness.
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Maker of Instant Pot and Pyrex, Instant Brands, Files for Bankruptcy
Since sales surged during the pandemic, Instant Brands has struggled to find new fans for its beloved Instant Pot and other products.
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U.S. Inflation Cools as Fed Plots Next Interest Rate Move
Consumer prices rose at the slowest pace in more than two years, an encouraging sign for policymakers as they plot their next interest rate move.
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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.
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U.S. Economy’s Staying Power Poses Big Questions for the Fed
The Federal Reserve has been trying to slow growth without tanking it. Now, officials must ask if inflation can cool amid signs of resilience.