The Strike Could Mean a Rise in Car Prices for Consumers
If the U.A.W. strike lasts long enough, it could cut the supply of vehicles and push prices even higher.
Posted inBanking and Financial Institutions Economic Conditions and Trends Europe European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine
European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.
Posted inConsumer Behavior Consumer Price Index Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H United States Economy
Inflation speeds up as gas prices climb, and some details could keep the Fed wary.
The Federal Reserve is likely to closely parse the inflation report released Wednesday, the last major data point before its Sept. 20 rate decision.
Posted inFederal Reserve System Hiring and Promotion Inflation (Economics) Interest Rates Labor and Jobs Layoffs and Job Reductions United States Economy Wages and Salaries
U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%
Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.