Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
Category: Interest Rates
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Markets Edge Higher at End of a Strong Week
Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.
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The Week in Business: The Fed Stays Its Course
Job growth slowed last month, but remained strong. Elon Musk cleaned house. And the economy will be a big issue in the midterms.
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U.S. Added 261,000 Jobs in Strong Showing
Job growth is slowing but remains stronger than comfortable for the Federal Reserve, which is trying to tame high inflation.
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Workers Expect Fast Inflation Next Year. Could That Make It a Reality?
The Federal Reserve chair is eyeing near-term inflation expectations, which might shape wages — and help keep prices rising rapidly.
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Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.
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Bank of England Is Set to Raise Rates After U.K. Political Turmoil
An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.
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Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation
The Federal Reserve has now raised interest rates six times this year as it tries to quash the fastest inflation in decades.
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Stocks Drop As Fed Leaves Investors Uncertain About Rates
The Fed chair said the central bank “still has a ways to go” before it will be finished raising interest rates, and that they may go higher than previously anticipated.
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What Fed Rate Increases Mean for Mortgages, Credit Cards and More
Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.