The Consumer Price Index in October showed that inflation remained rapid, but there were some hopeful signs under the surface.
Category: Inflation (Economics)
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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.
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Workers Expect Fast Inflation Next Year. Could That Make It a Reality?
The Federal Reserve chair is eyeing near-term inflation expectations, which might shape wages — and help keep prices rising rapidly.
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Bank of England Is Set to Raise Rates After U.K. Political Turmoil
An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.
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Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation
The Federal Reserve has now raised interest rates six times this year as it tries to quash the fastest inflation in decades.