Economists project employment expanded at a healthy but slowing pace in July as the economy coasts into a steadier state.
Category: Inflation (Economics)
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The Bank of England Raises Rates Again
Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”
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Is Good News Finally Good News Again?
Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.
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Strong Economic Data Buoys Biden, but Many Voters Are Still Sour
Voters continue to rate the president poorly on economic issues, but there are signs the national mood is beginning to improve.
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Europe’s Economy Expanded in Spring, and Inflation Has Eased
The eurozone economy grew more than expected, while inflation slowed after a string of rate hikes from the European Central Bank.
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Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling
Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.
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The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
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Why ‘Soft Landing’ Optimists Shouldn’t Celebrate Just Yet
Despite a barrage of interest-rate increases, the economy is faring better than many on Wall Street had imagined. But the wild card of inflation still looms.
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Exxon Reports Leaner Earnings in Second Quarter
The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
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Bank of Japan Edges Toward Letting Rates Rise
Bank of Japan takes a step toward allowing interest rates to rise, saying it will be more flexible in managing its bond market.