Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.
Category: Inflation (Economics)
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Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging
The New York Times – Business: -
Warsh Set for Showdown With Trump as Fed Faces Pressure to Raise Rates
The New York Times – Business:The Federal Reserve is expected to raise interest rates on Wednesday, putting Kevin M. Warsh, the chairman, at odds with the administration just before the midterms.
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Architects of Japan’s Easy-Money Policies Are Changing Their Minds
The New York Times – Business:As the Bank of Japan weighs another rate increase on Friday, a divide over how Japan should confront inflation is widening.
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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The New York Times – Business:President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
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Inflation Complicates Trump’s Midterms Pitch to Voters
The New York Times – Business:Gas prices are high, mortgage rates are climbing and inflation remains well above target, complicating the president’s midterm appeal.
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Elevated Inflation Keeps Pressure on Fed to Raise Rates
The New York Times – Business:The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.
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Bessent Takes on the Bond Vigilantes
The New York Times – Business:As a rout in the bond market deepens, the pressure grows on Treasury Secretary Scott Bessent to restore calm.
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How to Make Sense of Mayhem in the Bond Market
The New York Times – Business:The stock market is easy to talk about. But bonds are a different story. Our columnist has some pointers to help make you a bond maven.
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Some Republicans Balk at Trump’s $5,000 ‘Dividend’ Offer
The New York Times – On the Runway:The president’s call to send a $5,000 “dividend” to every American adult if Republicans win the midterms disturbed some members of his party.
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European Central Bank Raises Rates in Bid to Quell Inflation
The New York Times – On the Runway:The bank, fighting price pressures spurred by the war in the Middle East, raised its benchmark rate to 2.5 percent.
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A $5,000 ‘Trump Dividend’? The Bond Market May Like a Word.
The New York Times – Business:President Trump’s latest political gambit could cost more than $1 trillion, and further roil a volatile bond market.
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Trump’s Midterm Pitch Clouded by Iran War and Canada Tariffs
The New York Times – Business:A worsening trade war and a spike in oil prices could create new economic risks as the president prepares to rally Republicans for the midterms.