Another half-point increase pushed rates to the highest levels since 2008, and the bank said it “expects to raise them further.”
Category: Inflation (Economics)
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Egg Shortages Are Driving Demand for Raise-at-Home Chickens
People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
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Bank of England Is Expected to Raise Rates Again
A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.
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Eurozone Inflation Falls in January as Energy Costs Ease
Prices rose at an annual rate of 8.5 percent last month, down from 9.2 percent in December, but signs of persistent cost increases remain.
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Stock Market’s Newfound Optimism Faces Test as Fed Meets
Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
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Brexit Turns 3. Why Is No One Wearing a Party Hat?
The divorce between Britain and the European Union has become the dark thread that, to many, explains why Britain is suffering more than its neighbors.
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U.S. Wages Grew More Slowly Than Expected Late Last Year
The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.
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Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better.
After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons.
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Inflation Leads a New Generation to the Bread-Making Machine
Rediscovered in the early days of the pandemic, the mainstay of ’90s kitchens has become an indispensable tool for some younger bakers trying to save money.
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Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.
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Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
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A Closely Watched Measure of Inflation Slowed in December
The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.