The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
Category: Inflation (Economics)
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E.C.B. Raises Rates Again, Citing ‘Too High’ Inflation
The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
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Fed Raises Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to commit.
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Stock Market Slips as Traders Move Cautiously Ahead of Fed Meeting
Stock markets often exhibit caution ahead of major events like Fed meetings, waiting until there is clarity over the central bank’s next move.
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Companies Keep Raising Food Prices, Affecting Fed’s Efforts to Tame Inflation
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.
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What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is poised to raise interest rates after pausing in June. What comes next is crucial, but don’t expect clear commitments.
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Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
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Flood of Workers Has Made the Fed’s Job Less Painful. Can It Persist?
Federal Reserve officials thought job gains would taper off more, but they’ve remained strong. An improving supply of workers has been crucial.
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Why It’s Smart to Revisit New Year’s Savings Goals Now
There’s still time this year to make adjustments, especially with the coming resumption of student loan payments.
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U.S. Recession Appears Less Likely, Economists Say
Rising interest rates were widely expected to put the U.S. economy in reverse. Now things are looking rosier, but don’t pop the Champagne corks yet.
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U.K. Inflation Rate Slows to 7.9 Percent
The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.