Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
Category: Inflation (Economics)
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What to Watch at the Fed’s September Meeting
The Federal Reserve is unlikely to declare victory in its war on inflation. But investors will watch for any hint that rate increases might be over.
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U.K. Inflation Rate Slips Lower for Third Straight Month
Prices rose at an annual rate of 6.7 percent in August. A rise in energy costs was offset by a slower increase in food prices.
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Fed Watchers Brace for Higher-for-Longer Interest Rate
With the central bank set update its interest rate forecast, economists see elevated borrowing costs lasting through 2024.
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Fed Meeting: What to Expect on Interest Rates
The Federal Reserve is unlikely to declare victory this week. But investors will watch for any hint that the end to rate increases is coming.
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The Market Is Stuck Until the Fed Is Done
Stocks are mired in a holding pattern. The big question, our columnist says, is when will the Federal Reserve start to cut interest rates?
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U.A.W. Strike Hits 3 Plants as It Seeks Big Raises and Other Gains
The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
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European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.
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Inflation speeds up as gas prices climb, and some details could keep the Fed wary.
The Federal Reserve is likely to closely parse the inflation report released Wednesday, the last major data point before its Sept. 20 rate decision.
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Rising Gas Prices Provide Fodder for Republican Criticism of Biden
An expected jump in the latest inflation reading will almost certainly provoke broadsides from Republicans who hammered Mr. Biden over high gas prices throughout last summer.
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Poverty Rate Soared in 2022 as Aid Ended and Prices Rose
The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580.
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Investors Feel Anxious Despite Falling Odds of a Recession
Some economists are playing down the chances of an economic downturn. But investors and voters aren’t feeling nearly as optimistic.