Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.
Category: Federal Reserve System
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Consumers Kept Up Their Spending in October, Even as Prices Rose
The New York Times – Business: -
The Fed’s Preferred Inflation Gauge Slowed in October
The New York Times – Business:A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
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Powell says that rates will rise more and remain high ‘for some time.’
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business:The Consumer Price Index in October showed that inflation remained rapid, but there were some hopeful signs under the surface.