The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
Category: Federal Reserve System
-
Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The New York Times – Business: -
What Fed Rate Increases Mean for Mortgages, Credit Cards and More
The New York Times – Business:Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.
-
Stock Market’s Newfound Optimism Faces Test as Fed Meets
The New York Times – Business:Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
-
U.S. Wages Grew More Slowly Than Expected Late Last Year
The New York Times – Business:The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.
-
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
The New York Times – Business:If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
-
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.
-
A Closely Watched Measure of Inflation Slowed in December
The New York Times – Business:The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.
-
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.
-
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.
-
The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
The New York Times – Business:Forecaste
-
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.
-
Fed Rate Increases Have ‘A Ways to Go,’ Top Official Says
The New York Times – Business:John C. Williams, the president of the Federal Reserve Bank of New York, said central bankers must “keep moving” in their inflation fight.