Fresh data offered more detail on how shoppers retrenched at the end of 2022.
Category: Federal Reserve System
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Consumer Spending Slid Again in December
The New York Times – Business: -
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.
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The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
The New York Times – Business:Forecaste
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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.
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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.
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As Fed Nears Next Rate Decision, Its Vice Chair Cites Reasons for Hope
The New York Times – Business:Lael Brainard, the vice chair of the Federal Reserve, emphasized that non-wage causes have driven inflation in a sweeping speech.
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Oliver Stone Goes Nuclear at Davos
The New York Times – Business:At the World Economic Forum, the provocative filmmaker received a warm reception for his film promoting nuclear power.
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As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
The New York Times – Business:A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
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Investors Are Walking a Tightrope as Stocks Head for a Second Weekly Gain
The New York Times – Business:Signs of slowing inflation are competing with downbeat company forecasts as earnings season begins.
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I.M.F. Sees World Economy ‘Bottoming Out’ in 2023
The New York Times – Business:Kristalina Georgieva, the managing director of the International Monetary Fund, predicts that a global recession can be avoided.
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Inflation Is Slowing, Good News for American Consumers and the Fed
The New York Times – Business:Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Inflation slowed last month thanks to cheaper fuel and airfares.
The New York Times – Business:The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.