Spending in that crucial period is predicted to rise 3 to 4 percent from last year, as the economy cools and demand normalizes.
Category: Interest Rates
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Are Higher Rates Slowing the Economy? A Zoo Offers Clues.
Economists are surprised by how strong the economy remains with rates at a 22-year high. But there are some signs of slowing, if you know where to look.
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Fed Holds Interest Rates Steady and Pledges to Proceed Carefully
The Federal Reserve left interest rates at 5.25 to 5.5 percent, but its chair, Jerome Powell, said policymakers could still raise rates again.
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What Fed Rates Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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JOLTS Report Shows U.S. Job Openings Steady in September
The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
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Why Wall Street Is So Worried About ‘Refunding’
A routine announcement by the Treasury Department about its borrowing plans has attracted more attention than usual because of the rapid rise in interest rates.
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Markets Await the Fed’s Next Interest Rate Move
The central bank is expected to leave interest rates unchanged on Wednesday, but Wall Street is growing increasingly anxious over its next move.
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A Key Measure of Wages Grew at a Moderate Pace This Summer
The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, has come down since last year.
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Eurozone Economy Shrinks, While Price Pressures Ease
Economic growth contracted 0.1 percent last quarter, and inflation in October fell to a two-year low, a sign that high interest rates were taking a toll.
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What to Watch for as the Federal Reserve Meets This Week
Central bankers are expected to leave interest rates steady at a 22-year high of 5.25 to 5.5 percent. Investors are looking for hints at what’s next.
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Japan Takes Another Step Away From Easy Money
The Bank of Japan said it would be more flexible in how it manages government bond yields, citing rising inflation.