The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
Category: Inflation (Economics)
-
Orsted, Offshore Wind Firm, Cancels N.J. Projects
Denmark’s Orsted said it would be forced to write off as much as $5.5 billion as wind developers in the U.S. face wrenching financing costs.
-
Markets Await the Fed’s Next Interest Rate Move
The central bank is expected to leave interest rates unchanged on Wednesday, but Wall Street is growing increasingly anxious over its next move.
-
A Key Measure of Wages Grew at a Moderate Pace This Summer
The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, has come down since last year.
-
Eurozone Economy Shrinks, While Price Pressures Ease
Economic growth contracted 0.1 percent last quarter, and inflation in October fell to a two-year low, a sign that high interest rates were taking a toll.
-
Halloween Shoppers Not Spooked as Economic Slowdown Remains Elusive
From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
-
Consumers Kept Spending in September, as Inflation Held Steady
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
-
Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation
The jump, from 13 percent, would bring a long period of “tight monetary conditions” in order to ease price pressures, the bank said.
-
The Bond Market Is Flexing Its Muscles
Soaring interest rates have the power to alter the direction of the economy and command the attention of Washington, our columnist says.
-
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.
-
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.
-
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.