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U.S. Wages Grew More Slowly Than Expected Late Last Year

Federal Reserve System Inflation (Economics) Labor and Jobs United States Economy Wages and Salaries

U.S. Wages Grew More Slowly Than Expected Late Last Year

The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.

By Jeanna Smialek

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

Banking and Financial Institutions Biden, Joseph R Jr Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Politics and Government Republican Party Senate Stocks and Bonds Treasury Department United States United States Economy United States Politics and Government

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.

By Jeanna Smialek Jim Tankersley and Joe Rennison

Smaller Rate Increase by Federal Reserve Likely as Inflation Cools

Banking and Financial Institutions Consumer Behavior Federal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy Wages and Salaries

Smaller Rate Increase by Federal Reserve Likely as Inflation Cools

America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.

By Jeanna Smialek

A Closely Watched Measure of Inflation Slowed in December

Federal Reserve System Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) United States Economy

A Closely Watched Measure of Inflation Slowed in December

The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.

By Jeanna Smialek