Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open, December minutes showed.
Category: Interest Rates
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Will America’s Good News on Inflation Last?
One of the biggest economic surprises of 2023 was how quickly inflation faded. A dig into the details offers hints at whether it will last into 2024.
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Chill in the Housing Market Seeps Into Other Industries
The slowdown in the residential real estate market, a crucial cog in the American economy, is threatening sectors like home improvement and storage.
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Now May Be the Time to Lock In High Interest Rates on Your Savings
Rates on C.D.s are the highest they’ve been in years. But the Fed is signaling that it may cut its borrowing costs next year, and C.D. rates could follow.
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Fed’s Preferred Inflation Gauge Cooled Notably in November
A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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U.K. Inflation Unexpectedly Cools to 3.9 Percent, Lowest in 2 Years
Price growth slowed as fuel costs declined and food inflation continued to ease.
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Wall Street’s Bond ‘Vigilantes’ Are Back
The financial world has been debating if market appetite for buying U.S. debt is near a limit. The ramifications for funding government priorities are immense.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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Russia’s Central Bank Raises Rates to 16 Percent
The bank warned that its tight monetary policy would continue “for a long period” as it attempts slow an economy in danger of overheating.
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The Debate on Wall Street: Did the Fed Pivot Too Soon on Rates?
The S&P 500 is on the cusp of a new record high following the central bank’s dovish forecast on interest rates. But some market watchers are questioning the durability of the rally.
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European Central Bank Leaves Rates Unchanged as Price Pressures Ease
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in the short term.