Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
Category: Interest Rates
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Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?
The New York Times – Business: -
Markets Fluctuate at the End of a Shaky Week
The New York Times – Business:Persistent pullbacks in recent sessions reflect investors’ worries about stubbornly high inflation.
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After a Terrible Year for Bonds, the Outlook Is Better
The New York Times – Business:October capped their worst 12-month period ever, and the economy is under pressure. Yet the fundamental math of bond returns bodes well for 2023, our columnist says.
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U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
The New York Times – Business:Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
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U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
The New York Times – Business:The Labor Department report gauged the impact of the Federal Reserve’s campaign to tame inflation by tamping down hiring.
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The Fed’s Preferred Inflation Gauge Slowed in October
The New York Times – Business:A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
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Powell says that rates will rise more and remain high ‘for some time.’
The New York Times – Business:The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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A Holiday Season Divided by Inflation and Economic Struggles
The New York Times – Business:Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
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Fed Officials Discussed Slowing Interest Rate Increases ‘Soon’
The New York Times – Business:The central bankers discussed the need to slow rate increases soon at their last meeting, while signaling that they are likely to raise borrowing costs higher.
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Are the Federal Reserve’s Rate Increases Working?
The New York Times – Business:The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
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Markets Hold Gains Despite Fed Warnings
The New York Times – Business:Several Fed officials sought this week to temper investors’ enthusiasm over signs that inflation could be slowing.
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A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
The New York Times – Business:After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.