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European Central Bank Keeps Rates on Hold for First Time in Over a Year
Posted inEconomic Conditions and Trends European Central Bank Inflation (Economics) Interest Rates Lagarde, Christine

European Central Bank Keeps Rates on Hold for First Time in Over a Year

“Inflation is still expected to stay too high for too long,” the bank said, but noted that its campaign of interest rate increases was helping to curb price pressures.
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Posted by By Eshe Nelson
U.S. Economic Growth Accelerated in the Third Quarter
Posted inCommerce Department Consumer Behavior Gross Domestic Product Interest Rates Labor and Jobs Savings United States Economy

U.S. Economic Growth Accelerated in the Third Quarter

Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.
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Posted by By Lydia DePillis
What’s Going On in the Bond Market?
Posted inFederal Reserve System Government Bonds Inflation (Economics) Interest Rates Stocks and Bonds United States Economy

What’s Going On in the Bond Market?

The rapid rise in interest rates in recent months has shaken investors and cast a cloud over the economy.
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Posted by By Joe Rennison
New Normal or No Normal? How Economists Got It Wrong for 3 Years.
Posted inCoronavirus (2019-nCoV) Economics (Theory and Philosophy) Inflation (Economics) Interest Rates United States Economy

New Normal or No Normal? How Economists Got It Wrong for 3 Years.

Economists first underestimated inflation, then underestimated consumers and the labor market. The key question is why.
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Posted by By Jeanna Smialek

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