A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.
Category: Inflation (Economics)
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U.K. Braces for Strikes Across Several Industries Through Christmas
Job actions by ambulance staff, nurses, rail workers and others will hit Britain every day between now and Dec. 25.
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Defaults Loom as Poor Countries Face an Economic Storm
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
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Why Christmas Trees Could Cost More This Year
Inflation and tight supplies are the big reasons. Still, there are some things you can do to keep the price down and still have a natural tree.
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Biden Loves the Jobs Report, but the Fed Likely Does Not
The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
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Economist Austan Goolsbee Is Named to Lead the Chicago Fed
A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.
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Consumers Kept Up Their Spending in October, Even as Prices Rose
Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.
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The Fed’s Preferred Inflation Gauge Slowed in October
A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
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Powell says that rates will rise more and remain high ‘for some time.’
The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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Inflation Eases Slightly in Germany and Spain
The pace of consumer price gains in the two countries eased in November, the latest in a series of indications that their economies might suffer less in the coming months than predicted.
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Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers
With an economic slowdown a distinct possibility, stores hope customers’ willingness to open their wallets will last through the season.
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The Week in Business: Shoppers Open Their Wallets
A shake-up at Disney. Scrutiny of Ticketmaster in the wake of chaos in Taylor Swift concert ticket sales. And coming up: Is hiring slowing?