Germany surprised economists by expanding in the third quarter, but the French and Spanish economies both slowed down.
Category: Inflation (Economics)
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As inflation bites, Japan says it will help with electricity bills.
Japan is the latest country to turn to enormous fiscal relief as it seeks to reduce the impact of geopolitical instability and rampant inflation.
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U.S. Mortgage Rates Soar Past 7%
The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.
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US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows
Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.
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Biden Hopes to Amplify Contrast With Republicans on Economic Policy
Visiting Syracuse, N.Y., which has benefited from recent legislation, the president will point to his administration’s efforts to lower costs for families.
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European Central Bank Is Set to Raise Interest Rates Again
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
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Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday.
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Another Yield Curve Inversion Rings Recession Alarm Bells
A so-called inverted yield curve between three-month and 10-year interest rates is considered by Wall Street as a reliable sign of an impending economic slump.
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Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help
Proposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to bring down rapidly rising prices any time soon.
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Coca-Cola Earnings Report Shows Company Raising Prices, Pushing Profits Higher
The soft drink giant’s latest quarterly earnings defied worries about consumer cutbacks amid rising inflation and fragile economic growth.
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The Week in Business: Liz Truss Concedes to the Markets
Americans are combining leisure and business travel. Tech profits are slowing. And the deadline for Elon Musk to buy Twitter is coming up.
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Relentless Rise in Interest Rates Looms Over Another Volatile Week for Markets
The 10-year U.S. Treasury yield, which underpins everything from mortgages to credit cards, was on course to rise for a twelfth consecutive week, matching the longest streak since 1984.