If the U.A.W. strike lasts long enough, it could cut the supply of vehicles and push prices even higher.
Category: Interest Rates
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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.
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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.
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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.
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Fed Officials Will Parse Jobs Numbers to Assess Economy’s Momentum
The employment report could be an important factor as central bankers contemplate the future of interest rate policy.
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Fed Officials Will Parse Jobs Numbers to Assess Economy’s Momentum
The employment report could be an important factor as central bankers contemplate the future of interest rate policy.
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The Fed’s Preferred Inflation Gauge Ticked Up in July
Overall inflation climbed to 3.3 percent, from 3 percent previously, underscoring the Fed’s long road back to 2 percent price increases.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.
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Will Inflation Keep Slowing? The Key Areas to Watch
Will inflation continue to slow at a solid pace? Economists are warily watching a few key areas, like housing and cars.
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Job Openings Dropped in July as Labor Market Cooled
Vacancies fell to 8.8 million, the lowest level since March 2021.
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Why Are Mortgage Rates So High, and How Long Will They Stay Up?
Economists say loan rates are affected by a complicated combination of factors, but there are tactics consumers can use to land a lower rate.
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Fed Chair’s Message Is Clear: The Fight Against Inflation Isn’t Over
Jerome H. Powell, the head of the Federal Reserve, struck a resolute tone in a speech at the central bank’s most closely watched conference.