Facing huge economic uncertainty, the Fed is keeping its options open. Jerome H. Powell, its chair, will most likely continue that approach on Tuesday.
Category: Consumer Behavior
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Why the Federal Reserve Won’t Commit
The New York Times – Business: -
Restaurant Chains Make It Cost More to Be Loyal
The New York Times – Business:Recent changes to rewards programs at places like Dunkin’ and Starbucks mean customers must pay more before perks kick in. The companies blame inflation.
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The Fed’s Preferred Inflation Gauge Sped Back Up
The New York Times – Business:Inflation is down from its peak last summer, but recent readings have shown substantial and surprising staying power.
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Fed Minutes Showed Policymakers Were Still Intent on Easing Inflation
The New York Times – Business:Federal Reserve officials thought they needed to do more to cool the economy even before a series of strong data releases in recent weeks.
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Retail Sales Surge as Prices Rise and Shoppers Keep Buying
The New York Times – Business:Consumer spending jumped in January, which was good news for retailers but could weigh on the Federal Reserve’s efforts to tame rapid inflation.
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Big Brands Keep Raising Prices, With Limited Shopper Resistance
The New York Times – Business:Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
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Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
The New York Times – Business:America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
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Consumer Spending Slid Again in December
The New York Times – Business:Fresh data offered more detail on how shoppers retrenched at the end of 2022.
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U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The New York Times – Business:Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
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The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
The New York Times – Business:Forecaste
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Inflation Is Cooling, Leaving America Asking: What Comes Next?
The New York Times – Business:After six months of declines, inflation seems to be turning a corner. But the road back to normal is an uncertain one.
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Retail Sales Fell in December as Holiday Shoppers Held Back
The New York Times – Business:Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.