It was the fifth consecutive decision by the eurozone’s central bank to leave rates untouched, as inflation closes in on the bank’s 2 percent target.
Category: Inflation (Economics)
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The Odds for a Summertime Fed Rate Cut Are Dwindling
Hotter-than-expected inflation has upended bets on when the Fed will start lowering interest rates, and could complicate President Biden’s re-election bid.
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Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.
Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.
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Inflation Was Quicker Than Expected in March, Unwelcome News for the Fed
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.
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Housing Costs Continued to Rise Faster than Before the Pandemic
It will be difficult for the Federal Reserve to rein in inflation fully if shelter costs continue to run hot.
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Markets Slide After Unexpectedly Strong Inflation Report
Stocks fell and bond yields jumped as investors reassessed when the Federal Reserve may begin cutting interest rates.
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Price of Gold Sets Series of Record Highs, Usually a Sign of Unease
The move has puzzled Wall Street, as it comes as the outlook for the economy has improved and inflation has generally cooled.
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USPS Proposes Another Stamp Price Increase
If a regulatory body approves, a nearly 8 percent rise in postage will take effect in July. It would be the latest of several price hikes since 2021.
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Why Oil Prices Have Been Rising Recently
The increase this year, prompted by geopolitical worries and supply constraints, has sent gasoline prices higher and could hamper efforts to tame inflation.
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Wall Street’s Big Rethink on Interest Rate Cuts
Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.
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Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.
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JPMorgan Chase’s Jamie Dimon Issues an Economic Warning
The JPMorgan Chase chief executive used his annual letter to shareholders to flag that higher-for-longer inflation, uncertain growth prospects and widening political divisions.