Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.
Category: Inflation (Economics)
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Retail Sales Fell in December as Holiday Shoppers Held Back
The New York Times – Business: -
U.K. Inflation Slows but Remains Stubbornly High
The New York Times – Business:Consumer prices rose 10.5 percent in December, the second consecutive monthly decline, thanks to easing gasoline and clothing prices.
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Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
The New York Times – Business:Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently high prices.
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Investing When Your Time Horizon Is Short
The New York Times – Business:Cut back on stock and bond holdings, and focus on money market funds, C.D.s, Treasury bills and other options that are now offering high yields, our columnist says.
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I.M.F. Sees World Economy ‘Bottoming Out’ in 2023
The New York Times – Business:Kristalina Georgieva, the managing director of the International Monetary Fund, predicts that a global recession can be avoided.
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Inflation Is Slowing, Good News for American Consumers and the Fed
The New York Times – Business:Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Inflation slowed last month thanks to cheaper fuel and airfares.
The New York Times – Business:The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Investors Look to Corporate Reports With Low Expectations
The New York Times – Business:As companies prepare to publish their latest financial results, Wall Street forecasters expect profits to fall for the first time since the early days of the pandemic.
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Fed President Backs Slowdown as Support Mounts for Smaller Rate Move
The New York Times – Business:Susan M. Collins, president of the Federal Reserve Bank of Boston, said she was leaning toward a quarter-point move at the central bank’s Feb. 1 meeting.
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Powell Says Fed ‘Will Not Be’ a Climate Policymaker
The New York Times – Business:In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
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The Week in Business: Slowing Job Growth
The New York Times – Business:Sam Bankman-Fried, the disgraced cryptocurrency executive, pleads not guilty to an array of charges. A bumpy road ahead for Tesla. And the latest inflation figures are coming out.
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US Employers Added 223,000 jobs in December
The New York Times – Business:The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.