The central bankers discussed the need to slow rate increases soon at their last meeting, while signaling that they are likely to raise borrowing costs higher.
Category: Inflation (Economics)
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Fed Officials Discussed Slowing Interest Rate Increases ‘Soon’
The New York Times – Business: -
Thanksgiving and Inflation: The Cost of the Holiday This Year
The New York Times – Business:Holiday costs from groceries to travel are up, and consumers have been willing to pay them.
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Ukraine War Continues to Slow Global Growth, New Report Says
The New York Times – Business:“Risks remain tilted to the downside,” the Organization for Economic Cooperation and Development said, predicting economies will grow only 2.2 percent next year.
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Are the Federal Reserve’s Rate Increases Working?
The New York Times – Business:The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
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Markets Hold Gains Despite Fed Warnings
The New York Times – Business:Several Fed officials sought this week to temper investors’ enthusiasm over signs that inflation could be slowing.
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Many States Are Sending Checks to Help Residents With Inflation
The New York Times – Business:Up to 20 are using some of their budget surpluses to help taxpayers deal with high inflation. But some economists worry that the payments could fuel inflation.
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A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
The New York Times – Business:After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.
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Inflation in Britain Reaches 11.1 Percent, Led by Energy Costs
The New York Times – Business:Prices in October rose at the fastest rate in more than 40 years, deepening the country’s cost-of-living crisis.
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Stocks Jump on Hopes of Lower Inflation
The New York Times – Business:Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
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Markets Edge Higher at End of a Strong Week
The New York Times – Business:Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.
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U.K. Economy Shrinks as Threat of Recession Nears
The New York Times – Business:Britain’s economic output fell in the third quarter and European Union officials forecast weakening growth for countries across the continent.
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U.K. Economy Shrinks as Threat of Recession Nears
The New York Times – Business:Economic output fell 0.2 percent in the third quarter as the services and production industries slowed.