People are often sure that the economy is going to settle down gently right before it plunges into recession, a reason for caution and humility.
Category: Interest Rates
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GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
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E.C.B. Raises Rates Again, Citing ‘Too High’ Inflation
The bank said some price pressures were easing, but that “underlying inflation remains high overall,” as it raised rates a quarter percentage point.
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Fed Raises Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to commit.
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Stock Market Slips as Traders Move Cautiously Ahead of Fed Meeting
Stock markets often exhibit caution ahead of major events like Fed meetings, waiting until there is clarity over the central bank’s next move.
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What Higher Interest 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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How Regional Banks Got Healthy Again
The crisis set off by Silicon Valley Bank’s collapse has waned. Its peers have more capital and deeper customer ties.
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What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is poised to raise interest rates after pausing in June. What comes next is crucial, but don’t expect clear commitments.
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Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
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The Fed Is Trying to Cure Inflation Without Starting a Recession
Lowering inflation to 2 percent without causing a recession and throwing people out of work would be a rare achievement. The markets are acting as if it has already happened.
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Why It’s Smart to Revisit New Year’s Savings Goals Now
There’s still time this year to make adjustments, especially with the coming resumption of student loan payments.