Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists.
Category: Inflation (Economics)
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Bank of England’s Critics Multiply After Interest Rate Increase
Pressure is building in Britain for the bank’s governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem.
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Stocks May Be Booming but Don’t Forget Cash and Bonds
At the moment, money market funds and many bonds are not only less risky, but at current interest rates, they are compelling.
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Bank of England Pushes Interest Rates Up by a Half Point
The central bank raised rates more than expected as inflation shows signs of persistence in Britain.
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Fed Chair Sees ‘Long Way to Go’ on Inflation Fight
Jerome H. Powell, the chair of the Federal Reserve, is set to tell House lawmakers that most central bank officials expect rates to rise further.
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U.K. Inflation Remains Stuck at 8.7 Percent
The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living crisis persists, and is likely to prompt the Bank of England to raise interest rates again.
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Stock Market Rally Intensifies Debate Over What Will Come Next
The stock market is on its longest winning streak since 2021. Some investors see trouble ahead.
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European Central Bank Raises Interest Rates to Highest Level Since 2001
Inflation is “projected to remain too high for too long,” the central bank said as it raised interest rates by a quarter-point, its eighth consecutive increase.
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President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
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Is Beyoncé Linked to Sweden’s Inflation? An Economist Says So.
As fans from around the world spent money to witness the kick off of the star’s tour in Sweden, they may have caused the country’s inflation rate to stay higher than expected.
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Federal Reserve’s June Meeting: What to Watch
Central bankers are expected to leave interest rates unchanged on Wednesday, but the decision is an unusual nail-biter. Also: Keep an eye on the economic forecasts.
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An Amazon Unionizing Bid in Britain Stumbles
Over 700 workers in Coventry joined a union and are seeking recognition for it to negotiate with the company, known for its resistance to organized labor.