Soaring interest rates have the power to alter the direction of the economy and command the attention of Washington, our columnist says.
Category: Inflation (Economics)
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Inflation Held Steady in September, While Consumers Spent Robustly
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
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Halloween Candy Is Getting Pricier
Dry weather has pushed up the cost of crucial candy ingredients, driving the prices of candy bars and packs of gum higher.
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European Central Bank Keeps Rates on Hold for First Time in Over a Year
“Inflation is still expected to stay too high for too long,” the bank said, but noted that its campaign of interest rate increases was helping to curb price pressures.
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What’s Going On in the Bond Market?
The rapid rise in interest rates in recent months has shaken investors and cast a cloud over the economy.
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New Normal or No Normal? How Economists Got It Wrong for 3 Years.
Economists first underestimated inflation, then underestimated consumers and the labor market. The key question is why.
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How High Interest Rates Sting Bakers, Farmers and Consumers
Everyone who relies on credit in America is confronting a new reality: Money will cost more for a good long while.
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Why High Yields Make Bonds Better Investments Now
Back in 1994, bonds with fabulous yields were there for the taking. Our columnist doesn’t see treasures like that now, but there are solid buys.
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Middle East Conflict Threatens Global Economic Growth
Oil prices climbed again on Friday as armed clashes intensify in Israel and, increasingly, beyond.
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Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates
The Federal Reserve may need to do more if growth remains hot or if the labor market stops cooling, Jerome H. Powell said in a speech.
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American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
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U.K. Inflation, Unchanged at 6.7 Percent, Ends String of Declines
A small drop in food prices in September was offset by rising costs for gasoline and diesel.