Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.
Category: Federal Reserve System
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Federal Reserve to Slow Rate Increases and Offer Hints at Future
The New York Times – Business: -
Inflation Cooled Notably in November, Good News for the Fed
The New York Times – Business:Consumer Price Index data reinforces that inflation is beginning to slow down just ahead of the Federal Reserve’s December rate decision.
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Price Increases Cooled Notably in November as Inflation Begins to Ease
The New York Times – Business: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
The New York Times – Business: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?
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.