America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
Category: Inflation (Economics)
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Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
The New York Times – Business: -
A Closely Watched Measure of Inflation Slowed in December
The New York Times – Business:The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.
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Consumer Spending Slid Again in December
The New York Times – Business:Fresh data offered more detail on how shoppers retrenched at the end of 2022.
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Elon Musk Meets With House Speaker Kevin McCarthy
The New York Times – Business:Elon Musk, the billionaire owner of Twitter, met with House Speaker Kevin McCarthy, stoking speculation about what the two had discussed.
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U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The New York Times – Business:Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
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Chipotle Plans to Hire 15,000 People Ahead of ‘Burrito Season’
The New York Times – Business:The restaurant chain is pitching for more workers as it aims to double the number of outlets in North America.
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The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
The New York Times – Business:Forecaste
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Walmart Raises Starting Wages for Store Workers
The New York Times – Business:The retail giant said the minimum wages for those employees would range from $14 to $19 an hour, up from $12 to $18 an hour.
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Inflation Is Cooling, Leaving America Asking: What Comes Next?
The New York Times – Business:After six months of declines, inflation seems to be turning a corner. But the road back to normal is an uncertain one.
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Fed Rate Increases Have ‘A Ways to Go,’ Top Official Says
The New York Times – Business:John C. Williams, the president of the Federal Reserve Bank of New York, said central bankers must “keep moving” in their inflation fight.
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How Young People Are Saving Money in a Challenging Economy
The New York Times – Business:Young people want to save for their futures, but balancing priorities has proved challenging during a time of economic instability.
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As Fed Nears Next Rate Decision, Its Vice Chair Cites Reasons for Hope
The New York Times – Business:Lael Brainard, the vice chair of the Federal Reserve, emphasized that non-wage causes have driven inflation in a sweeping speech.