U.S. economic data on Thursday morning is expected to show that the year opened with the third straight quarterly expansion in gross domestic product.
Category: Inflation (Economics)
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Central Banker to Britons: You’re Worse Off. Accept It.
The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation. But the message has fallen flat.
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Double-Digit Price Increases Bolster Profits at Procter & Gamble
The consumer goods company raised prices 10 percent across its brands for a second straight quarter and said its profit margin had widened.
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America’s Inflation Antihero Gets a Makeover
As the Fed fights inflation with a wary eye on the 1970s, some are arguing that Arthur Burns, the Fed chair at the time, gets too bad a rap.
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Rates on C.D.s Are Soaring, but the High Rates May Not Last
Banks are offering the promotional rates to attract deposits. But given concerns about the economy, it’s unclear how long banks will continue to reward savers.
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U.K. Inflation Edges Lower, but Persists in Double Digits
Prices rose at an annual rate of 10.1 percent last month, down from 10.4 percent in February. Food costs continued to keep inflation high.
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The Week in Business: Moderating Inflation
The Biden administration’s sweeping plans to get more electric vehicles on the road. The big banks’ strong earnings. The Fox v. Dominion trial is starting. And tax day is almost here.
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Unemployment Is Low. Inflation Is Falling. But What Comes Next?
Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in inflation.
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Fed Officials in March Wanted to Remain Flexible on Future Rate Increases
Minutes from the Federal Reserve’s March 21-22 meeting showed that officials were grappling with how much more to lift borrowing costs.
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Inflation Cools Notably, but It’s a Long Road Back to Normal
Fed officials are debating how to set policy after bank blowups. Fresh inflation data are unlikely to make such decisions easier.
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N.B.A. Blames Economy for Hiring Freeze and Budget Cuts
In a memo, the league said it was “facing a very different economic reality than just one year ago.”
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IMF Lowers Growth Outlook Amid Financial System Tremors
The International Monetary Fund says a painful slowdown, which could include a recession, has become a bigger risk for the global economy.