Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.
Category: Inflation (Economics)
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For Trump, Soaring Prices Test Voters’ Finances and Patience
The New York Times – Business:Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.
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Stock Market Rally Confronts Inflation and Higher Interest Rates
The New York Times – Business:Despite accelerating inflation and possible interest rate increases, the S&P 500 has posted a long weekly winning streak, driven by strong corporate earnings. Can it last?
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Oil Prices Climb on Fears of Broader Energy Crunch
The New York Times – Business:Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
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Consumers Spent More in April Despite High Gas Prices
The New York Times – Business:Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain.
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Oil Prices Rise as Trump Meets China’s Xi
The New York Times – Business:The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
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Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer
The New York Times – Business:Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.
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Federal Reserve Turns Focus to Inflation as Job Market Stabilizes
The New York Times – Business:April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.
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The ‘Perfect Storm’ Hanging Over Britain’s Public Debt
The New York Times – Business:Bond investors are expected to scrutinize the results of critical local elections on Thursday as the war in the Middle East adds inflation pressure on the government.
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Fed Officials Cite Inflation Concerns in Defending Dissents
The New York Times – Business:The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.