The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.
Category: Inflation (Economics)
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Fed Will Decide Next Rate Move After Bank Jitters
The Federal Reserve will release a policy decision on Wednesday on the heels of another bank collapse.
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Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.
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First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
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Wages and Prices Slow Unevenly, Reflecting ‘Rocky and Bumpy’ Economy
Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
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The Eurozone Economy Shows Signs of Modest Growth
The countries that use the euro recorded economic expansion of 0.1 percent in the first quarter, a slight improvement over the previous quarter’s flat output.
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Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Some of the biggest packaged food companies raised their prices last quarter and their profits rose, but some customers were starting to cut back or trade down.
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Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Key wage and inflation gauges released on Friday are expected to moderate, which may give Federal Reserve officials comfort as they consider when to stop raising rates.
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Russian Pranksters Trick the Fed Chair, Based on Internet Videos
Videos circulating online show Jerome H. Powell, the Federal Reserve chair, answering basic questions about the American and global economy.
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Still Going Fast, Inflation Changes Drivers
Two years ago, high inflation was about supply shortages and pricier goods. Then it was about war in Ukraine and energy. These days, services are key.
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Still Going Fast, Inflation Changes Drivers
Two years ago, high inflation was about supply shortages and pricier goods. Then it was about war in Ukraine and energy. These days, services are key.