So-called stock forecasts don’t deserve the name, our columnist says. Wall Street’s track record is horrendous.
Category: Inflation (Economics)
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Fed’s Preferred Inflation Gauge Cooled Notably in November
A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.
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What Social Trends Taught Us About the 2023 Economy
From girl dinners to ChatGPT, a look back at the trends that broke the internet and taught us about the American economy this year.
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U.K. Inflation Unexpectedly Cools to 3.9 Percent, Lowest in 2 Years
Price growth slowed as fuel costs declined and food inflation continued to ease.
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Fewer Electric Vehicles Will Qualify for U.S. Tax Credits in 2024
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
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Prices for Some Goods Are Actually Falling This Holiday Season
As inflation slows, prices for some physical goods are falling outright, which could lift consumers’ spirits.
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European Central Bank Leaves Rates Unchanged as Price Pressures Ease
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in the short term.
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Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.
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Powell, Fed’s Chair, Unleashes the Bulls
The Federal Reserve’s surprise projection that it may cut interest rate three times next year has triggered a global rally in stocks and bonds.
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Is Jerome Powell’s Fed Pulling Off a Soft Landing?
It’s too soon to declare victory, but the economic outlook seems sunnier than it did a year ago, and many economists are predicting a surprising win.
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Holidays Well Spent
“I just never realized how much ornaments add up!” Seventeen people on the streets of New York City talk to us about holiday spending.