Wages are up, inflation has slowed and the White House has a new slogan. Still, President Biden’s poor marks on the economy are making Democratic worried.
Category: Inflation (Economics)
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U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%
Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.
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Wages Rose Only 0.2% in August, Easing Inflation Fears
The August increase was the smallest since early last year, a welcome sign for Federal Reserve policymakers.
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The Fed’s Preferred Inflation Gauge Ticked Up in July
Overall inflation climbed to 3.3 percent, from 3 percent previously, underscoring the Fed’s long road back to 2 percent price increases.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.
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Will Inflation Keep Slowing? The Key Areas to Watch
Will inflation continue to slow at a solid pace? Economists are warily watching a few key areas, like housing and cars.
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Job Openings Dropped in July as Labor Market Cooled
Vacancies fell to 8.8 million, the lowest level since March 2021.
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Why Are Mortgage Rates So High, and How Long Will They Stay Up?
Economists say loan rates are affected by a complicated combination of factors, but there are tactics consumers can use to land a lower rate.
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Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over
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.
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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.