Britain’s stubbornly high inflation rate has come to symbolize a deeper economic malaise — a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
Category: Inflation (Economics)
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Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?
The Federal Reserve chair spent the early pandemic bemoaning the loss a strong job market. It roared back — and now its fate is in his hands.
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America’s Foreign Vacations Tell Us Something About the U.S. Economy
Prices are high, but Americans are opening their wallets for international flights and hotels. It’s the latest evidence of consumer resilience.
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PepsiCo Reports Big Jump in Profit After Price Increases
The maker of Gatorade and Lay’s, which nearly doubled its profit in its latest quarter, has been raising prices by double-digit percentages for more than a year.
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Airfare Prices Fall, Helping Bring Down Overall Inflation
Ticket prices are subject to several idiosyncratic factors, but they have eased markedly since last summer’s surge in demand.
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Inflation Cools Sharply in June, Good News for Consumers and the Fed
The Consumer Price Index moderated considerably in June compared with a year earlier, offering relief to Americans after two years of rapid inflation.
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Biden Touts ‘Bidenomics in Action’ as Inflation Eases
The White House has been making the case that the president’s policies have kept the economy on a steady path and maintained a healthy labor market.
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The June Payrolls Report Probably Doesn’t Change Much for the Fed
How much more the Federal Reserve raises interest rates this year will hinge on the strength of the economy — particularly the labor market.
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Why a Strong Jobs Report Could Rattle the Stock Market
Economists have forecast that employers created 225,000 jobs last month. A bigger-than-expected number could complicate the Federal Reserve’s efforts to tame inflation.
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Fed Rate Increases Hinge on Strength of Jobs and Economy
How much more the Federal Reserve raises interest rates this year will hinge on the strength of the economy — particularly the labor market.
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Job Openings Dipped in May, a Sign of Continued Cooling
Hiring was largely unchanged, and the number of workers quitting their jobs increased. The data will be watched closely by Federal Reserve policymakers.
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Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.