An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.
Category: Inflation (Economics)
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Bank of England Is Set to Raise Rates After U.K. Political Turmoil
The New York Times – Business: -
Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation
The New York Times – Business:The Federal Reserve has now raised interest rates six times this year as it tries to quash the fastest inflation in decades.
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Fed Faces Tough Decisions as Inflation Lingers and Economic Risks Loom
The New York Times – Business:The central bank is expected to raise rates three-quarters of a point today, but what it says about its next steps will be even more important.
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Corporate America Has a Message for the Fed About Inflation
The New York Times – Business:If Federal Reserve Chair Jerome H. Powell and his colleagues look at company earnings reports, these themes might catch their eye.
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Job Openings Rose in September Despite Higher Interest Rates
The New York Times – Business:The labor market has remained stronger than expected even as the Federal Reserve has tried to get inflation under control.
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Food Prices Soar, and So Do Companies’ Profits
The New York Times – Business:Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered.
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Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down
The New York Times – Business:The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
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Jerome Powell Is Popular. His War on Inflation Could Change That.
The New York Times – Business:Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
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Inflation, GDP and the Economy: What We Learned This Week
The New York Times – Business:Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
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Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly
The New York Times – Business:The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.
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With Recession Looming, Big European Economies Still Show Some Growth
The New York Times – Business:Germany surprised economists by expanding in the third quarter, but the French and Spanish economies both slowed down.
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As inflation bites, Japan says it will help with electricity bills.
The New York Times – Business:Japan is the latest country to turn to enormous fiscal relief as it seeks to reduce the impact of geopolitical instability and rampant inflation.