Category: European Central Bank

Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’

The New York Times – Business:
Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently high prices.
Eurozone Inflation Eases on Lower Energy Prices

The New York Times – Business:
The rate of price increases in countries using the euro slowed to 9.2 percent in December, down from 10.1 percent a month earlier.
European Central Bank Raises Rates Half a Point, Moderating Its Pace

The New York Times – Business:
But the bank warned that interest rates would “still have to rise significantly” to tame inflation.
Wall Street Fears the Fed May Tip the Economy Into Recession

The New York Times – Business:
The Federal Reserve’s commitment to vanquish inflation is continuing to add volatility to the stock market.
Elon Musk Takes a Shot at Dr. Anthony Fauci on Twitter

The New York Times – Business:
The Twitter owner has taken shots at targets like Dr. Anthony Fauci, the nation’s chief immunologist, in moves that may appeal to the right, but not advertisers.
Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down

The New York Times – Business:
The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
Inflation, GDP and the Economy: What We Learned This Week

The New York Times – Business:
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
Credit Suisse Plans a Big Retreat From Wall Street

The New York Times – Business:
Shares in the Swiss banking giant tumbled after its executive team laid out the details of a long-awaited restructuring plan.
European Central Bank Is Set to Raise Interest Rates Again

The New York Times – Business:
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”