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.
Category: Inflation (Economics)
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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?
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How to Manage Credit Card Debt When Holiday Shopping
Card balances have been rising rapidly. But there are ways to navigate the gift-giving season without taking on a lot of new debt.
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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.