Britain’s economic output fell in the third quarter and European Union officials forecast weakening growth for countries across the continent.
Category: Inflation (Economics)
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U.K. Economy Shrinks as Threat of Recession Nears
Economic output fell 0.2 percent in the third quarter as the services and production industries slowed.
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An Inflation-Driven Midterm Will Not Change Biden’s Economic Focus
The president said he would not change his economic approach, adding that his policies were working.
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Biden Touts Cooling Inflation, Citing Economic Policies
The president took credit for signs that rapid price rises were moderating, after spending months on the defensive about his handling of the economy.
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Takeaways From a Hopeful Inflation Report
The Consumer Price Index in October showed that inflation remained rapid, but there were some hopeful signs under the surface.
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The Week in Business: The Fed Stays Its Course
Job growth slowed last month, but remained strong. Elon Musk cleaned house. And the economy will be a big issue in the midterms.
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Berkshire Hathaway Reports Third-Quarter Loss
The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.
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Fed Frets About Shadow Banks and Eyes Treasury Liquidity in New Report
The Federal Reserve is watching the government bond market and investment funds as rate increases ricochet through finance.
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U.S. Added 261,000 Jobs in Strong Showing
Job growth is slowing but remains stronger than comfortable for the Federal Reserve, which is trying to tame high inflation.
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Expect Higher Health Insurance Premiums, but Not a Lot Higher
Benefit costs may go up as much as 6 percent. Wary of driving workers away, many employers may not pass on the full increases, analysts say.