The Turkish lira has hit a new low, and analysts see few improvements ahead as re-elected President Erdogan pursues unconventional economic policies.
Category: Inflation (Economics)
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Jobs Numbers in Focus as the Fed Hints at a ‘Skip’
Federal Reserve officials are expected to leave rates unchanged at their June 13-14 meeting. Fresh jobs data will factor into the decision.
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May Jobs Report May Yield Clues for Fed’s Next Rates Move
With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates.
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Eurozone Inflation Rate Falls to 6.1 Percent in May
The rate of price increases slowed to an annual rate of 6.1 percent in May, but food costs continued to keep inflation uncomfortably high.
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Job Openings Rose in April, Defying Cooling Trend
The Labor Department report may put pressure on the Federal Reserve to raise interest rates further to stem inflation.
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Companies Push Prices Higher, Protecting Profits but Adding to Inflation
Corporate profits have been bolstered by higher prices even as some of the costs of doing business have fallen in recent months.
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Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.
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Why the Debt Limit Spending Cuts Likely Won’t Shake the Economy
With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.
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401(k) Hardship Withdrawals Tick Up as Inflation Stays High
Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.
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Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.
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German Economy Slipped Into Recession in First Quarter
Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
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Fed Officials Were Split Over June Rate Pause, Minutes Show
In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.