Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.
Category: Federal Reserve System
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The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
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Why ‘Soft Landing’ Optimists Shouldn’t Celebrate Just Yet
Despite a barrage of interest-rate increases, the economy is faring better than many on Wall Street had imagined. But the wild card of inflation still looms.
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Wall St. Pessimists Are Getting Used to Being Wrong
The S&P 500 is up about 20 percent this year, but some still warn that the future may not be as rosy as that implies.
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Bank of Japan Edges Toward Letting Rates Rise
Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.
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Soft Landing Optimism Is Everywhere. That’s Happened Before.
People are often sure that the economy is going to settle down gently right before it plunges into recession, a reason for caution and humility.
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
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Fed Raises Rates After a Pause and Leaves Door Open to More
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.
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Stock Market Slips as Traders Move Cautiously Ahead of Fed Meeting
Stock markets often exhibit caution ahead of major events like Fed meetings, waiting until there is clarity over the central bank’s next move.
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Companies Keep Raising Food Prices, Affecting Fed’s Efforts to Tame Inflation
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.
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What Higher Interest Rates Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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How Regional Banks Got Healthy Again
The crisis set off by Silicon Valley Bank’s collapse has waned. Its peers have more capital and deeper customer ties.