The central bank is expected to raise rates three-quarters of a point today, but what it says about its next steps will be even more important.
Category: Inflation (Economics)
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Corporate America Has a Message for the Fed About Inflation
If Federal Reserve Chair Jerome H. Powell and his colleagues look at company earnings reports, these themes might catch their eye.
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Job Openings Rose in September Despite Higher Interest Rates
The labor market has remained stronger than expected even as the Federal Reserve has tried to get inflation under control.
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Food Prices Soar, and So Do Companies’ Profits
Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered.
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Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down
The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
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Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
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Inflation, GDP and the Economy: What We Learned This Week
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
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Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly
The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.
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With Recession Looming, Big European Economies Still Show Some Growth
Germany surprised economists by expanding in the third quarter, but the French and Spanish economies both slowed down.
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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.