From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
Category: Interest Rates
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Consumers Kept Spending in September, as Inflation Held Steady
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
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Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation
The jump, from 13 percent, would bring a long period of “tight monetary conditions” in order to ease price pressures, the bank said.
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The Bond Market Is Flexing Its Muscles
Soaring interest rates have the power to alter the direction of the economy and command the attention of Washington, our columnist says.
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Inflation Held Steady in September, While Consumers Spent Robustly
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
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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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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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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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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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War With Hamas Hits Israel’s Economy, Central Bank Says
The debt and deficit are expected to jump as the country raises military spending and increases support for businesses and civilians.
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How High Interest Rates Sting Bakers, Farmers and Consumers
Everyone who relies on credit in America is confronting a new reality: Money will cost more for a good long while.
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Investors Fret as Daunting Bond Market Milestone Comes Into View
The 10-year U.S. Treasury yield has threatened to break above 5 percent for the first time in 16 years, rattling the markets.