A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
Category: Federal Reserve System
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Powell says that rates will rise more and remain high ‘for some time.’
The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers
With an economic slowdown a distinct possibility, stores hope customers’ willingness to open their wallets will last through the season.
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A Holiday Season Divided by Inflation and Economic Struggles
Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
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Fed Officials Discussed Slowing Interest Rate Increases ‘Soon’
The central bankers discussed the need to slow rate increases soon at their last meeting, while signaling that they are likely to raise borrowing costs higher.
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Are the Federal Reserve’s Rate Increases Working?
The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
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Markets Hold Gains Despite Fed Warnings
Several Fed officials sought this week to temper investors’ enthusiasm over signs that inflation could be slowing.
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Stocks Jump on Hopes of Lower Inflation
Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
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Markets Edge Higher at End of a Strong Week
Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.
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Biden Touts Cooling Inflation, Citing Economic Policies
The president took credit for signs that rapid price rises were moderating, after spending months on the defensive about his handling of the economy.
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Takeaways From a Hopeful Inflation Report
The Consumer Price Index in October showed that inflation remained rapid, but there were some hopeful signs under the surface.
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Inflation Plagues Democrats in Polling. Will It Crush Them at the Ballot Box?
Americans are extremely attuned to the cost of living, and as midterm election voters head to the polls, they are divided over whom to blame.