Card balances have been rising rapidly. But there are ways to navigate the gift-giving season without taking on a lot of new debt.
Category: Inflation (Economics)
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A Holiday Season Divided by Inflation and Economic Struggles
Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
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Fed Officials Discussed Slowing Interest Rate Increases ‘Soon’
The central bankers discussed the need to slow rate increases soon at their last meeting, while signaling that they are likely to raise borrowing costs higher.
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Thanksgiving and Inflation: The Cost of the Holiday This Year
Holiday costs from groceries to travel are up, and consumers have been willing to pay them.
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Ukraine War Continues to Slow Global Growth, New Report Says
“Risks remain tilted to the downside,” the Organization for Economic Cooperation and Development said, predicting economies will grow only 2.2 percent next year.
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Are the Federal Reserve’s Rate Increases Working?
The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
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Markets Hold Gains Despite Fed Warnings
Several Fed officials sought this week to temper investors’ enthusiasm over signs that inflation could be slowing.
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Many States Are Sending Checks to Help Residents With Inflation
Up to 20 are using some of their budget surpluses to help taxpayers deal with high inflation. But some economists worry that the payments could fuel inflation.
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A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.
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Inflation in Britain Reaches 11.1 Percent, Led by Energy Costs
Prices in October rose at the fastest rate in more than 40 years, deepening the country’s cost-of-living crisis.
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Stocks Jump on Hopes of Lower Inflation
Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
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Markets Edge Higher at End of a Strong Week
Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.