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.
Category: Inflation (Economics)
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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.
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Stocks Climb as Inflation Continues to Cool
The S&P 500 has climbed more than 20 percent from a 2022 low, a marker of a new phase of exuberance in the markets.
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U.S. Food Prices Rose 0.2% in May
Prices at grocery stores and restaurants rose 0.2 percent last month from April, an increase after prices remained flat the two months before.
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Accenture Will Invest $3 Billion to Expand Its A.I. Offerings
The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology.
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Post-Pandemic Spending on Hotels and Travel May Be Cooling Down
Spending on hotels, airline tickets and dinners surged after the pandemic. This summer could mark a shift back to normal.