Consumers are splurging on expensive but fun experiences, from nights out to concerts — and that may force central banks to keep raising rates.
Category: Federal Reserve System
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Fed Chair Sees ‘Long Way to Go’ on Inflation Fight
Jerome H. Powell, the chair of the Federal Reserve, is set to tell House lawmakers that most central bank officials expect rates to rise further.
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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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What Businesses Can Learn from Antony Blinken’s China Trip
The secretary of state’s visit raised hopes that the world’s two biggest economies might stabilize relations, but the biggest challenges were not unresolved.
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It’s Too Soon to Say Whether This Is a Bull Market, but Invest Anyway
Stocks still haven’t returned to their last peak, and our columnist is in the camp that says this isn’t a bull market yet. But he’s buying stock anyway.
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President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
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Fed Leaves Rates Steady but Forecasts More Moves to Come
Central bankers have lifted rates at the fastest pace since the 1980s, but now they’re taking time to survey how the changes are working.
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What Fed Interest Rate Moves 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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Federal Reserve’s June Meeting: What to Watch
Central bankers are expected to leave interest rates unchanged on Wednesday, but the decision is an unusual nail-biter. Also: Keep an eye on the economic forecasts.
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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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Accenture Will Invest $3 Billion to Expand Its A.I. Offerings
The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology.