The rapid rise in interest rates in recent months has shaken investors and cast a cloud over the economy.
Category: Inflation (Economics)
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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.
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Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits
JPMorgan Chase and Wells Fargo said that consumers continued to borrow and spend, but their chiefs warned that risks were intensifying.
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Federal Reserve Officials Were Cautious in September
Minutes from their last meeting showed that Fed officials saw risks of doing too much — or too little — to tame inflation.
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Investors Are Calling It: The Federal Reserve May Be Done Raising Rates
Investors doubt that central bankers will lift borrowing costs again following big market moves that are widely expected to cool growth.