Consumer Price Index data reinforces that inflation is beginning to slow down just ahead of the Federal Reserve’s December rate decision.
Category: Federal Reserve System
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Price Increases Cooled Notably in November as Inflation Begins to Ease
Consumer Price Index data reinforced that inflation is beginning to cool down just ahead of the Federal Reserve’s December rate decision.
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FTX Founder Sam Bankman-Fried’s “House of Cards” Teeters
Now under arrest, the fallen crypto mogul faces a barrage of charges, including defrauding investors out of billions.
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Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?
Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
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The Week in Business: Labor Actions Sweep Britain
The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets.
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Biden Loves the Jobs Report, but the Fed Likely Does Not
The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
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U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
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U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
The Labor Department report gauged the impact of the Federal Reserve’s campaign to tame inflation by tamping down hiring.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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Economist Austan Goolsbee Is Named to Lead the Chicago Fed
A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.
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Consumers Kept Up Their Spending in October, Even as Prices Rose
Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.