Consumer prices rose 8.7% from a year earlier, the slowest pace since March 2022.
Category: Inflation (Economics)
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More Americans Say Finances Are Tighter Because of Inflation
A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.
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Inflation Persists and Car Prices Are a Big Reason
Prices of new and used vehicles were supposed to recede quickly as supply chain problems dissipated. The market had other ideas.
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The Fed Chair Says Inflation Remains Too High
The Fed chair said that it would take “some time” for inflation to moderate and that the central bank would continue to look at data as it considers whether to raise rates next month.
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What the Markets Are Telling Us About the Debt Ceiling
The odds of a U.S. default are low, but the consequences could be dire. Our columnist explains how financial markets are assessing the risks.
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U.K. Economy Continues to Grow Slowly
The increase of 0.1 percent in the three months that ended in March, which was driven by construction and information services, matched the slow rise in the previous quarter.
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Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, which has remained stubbornly high.
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Inflation Slowed in April, Marking 10th Month of Moderation
Price increases cooled, capping months of declines. The details held hints of hope.
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Financial Stability Experts at the Fed Turn a Wary Eye on Commercial Real Estate
A financial stability report from the Federal Reserve flagged concerns tied to rising interest rates, including in commercial real estate.
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The Week in Business: The 10th Straight Rate Increase
First Republic collapses, and some smaller banks are now facing pressure from investors. Job growth last month was stronger than expected. And debt ceiling talks are set.
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Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.
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Wages Climb Rapidly, Defying Fed’s Hopes as it Fights Inflation
Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.