Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Category: Inflation (Economics)
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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
The New York Times – Business: -
Double-Barreled Economic Threat Puts Congress on Edge
The New York Times – Business:Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
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Bank of England to Weigh a Rate Increase After a Jump in Inflation
The New York Times – Business:As policymakers assess an inflation rate that persists in double digits, as well as risks in the banking sector, analysts predict a quarter-point increase.
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7 Takeaways From the Fed Meeting and Powell’s News Conference
The New York Times – Business:By raising interest rates a quarter-point, the Federal Reserve signaled that it was continuing to fight inflation, but it was holding off an aggressive move that might spook investors.
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How the Banking Crisis Has Had the Same Effect as a Fed Rate Increase
The New York Times – Business:Some analysts say that the banking industry tumult has slowed the economy as banks pull back on lending.
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Fed Meeting Holds High Stakes for Biden
The New York Times – Business:The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
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U.K. Inflation Swings Upward, in a U-Turn
The New York Times – Business:Prices in Britain reversed a recent downward trend, rising by 10.4 percent in the year through February.
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Where High Interest Rates Have Sent Home Prices Sliding
The New York Times – Business:In Sweden, the central bank’s fight against inflation is crimping economic growth and has contributed to a 15 percent drop in home prices.
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Fed Meets as Bank Chaos Collides With Inflation
The New York Times – Business:The Federal Reserve will decide whether and by how much to raise interest rates this week at a moment when its path ahead is newly fraught.
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Federal Reserve and Global Central Banks Act to Shore Up Dollar Access
The New York Times – Business:America’s central bank and its counterparts around the world are rushing to cushion markets against the impact of bank problems.
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Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The New York Times – Business:The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
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The Week in Business: A Banking Crisis
The New York Times – Business:Meta conducts another round of layoffs. Fresh inflation data shows price increases remain stubborn. And TikTok’s C.E.O. will testify before Congress this week.