Jerome H. Powell, the head of the Federal Reserve, struck a resolute tone in a speech at the central bank’s most closely watched conference.
Category: Inflation (Economics)
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At Jackson Hole, Powell Faces a Changed Economy and Market
Jerome Powell, the Federal Reserve chair, warned in 2022 that the central bank might hurt the economy to cool inflation. This year, things look less dire.
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How the Jackson Hole Conference Became an Economic Obsession
Investors and economists are watching the event this week closely. How did a remote Wyoming conference become so central?
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The Outlook for the Economy Has Improved. And Yet.
The prospects for a soft landing for the economy and the markets look better than they have in months. Our columnist is still worried.
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U.S. Mortgage Rate Jumps to Highest Level Since 2002
The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.
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Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.
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Fed Officials Avoided a Victory Lap at July Meeting
Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
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U.K. Inflation Eases to 6.8% as Energy Prices Fall
The slowdown in price pressures comes as wages are rising at a record pace, which could lead to further increases in interest rates by the Bank of England.
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Wall St. Weighs the Effect of Weaker China and Stronger U.S.
Investors are worried about the Chinese economy teetering as well as signs that the U.S. economy may be growing too fast for inflation to moderate.
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Roaring Back From Pandemic, Japan’s Economy Grows by 6 Percent
The rapid expansion came as exports have risen and tourists have flooded the country.