As central bankers contemplate whether to raise interest rates at their meeting in May, slowing hiring and wages may give them comfort.
Category: Prices (Fares, Fees and Rates)
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Live Music Is Roaring Back. But Fans Are Reeling From Sticker Shock.
Buying concert tickets has become a mess of high prices and surcharges, anxiety-inducing registrations and pervasive scalping as some of pop’s biggest acts hit the road again.
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Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure
While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession. Some see less painful remedies.
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Oil Prices Jump After Surprise OPEC Production Cut
The New York Times – Business:Adding to global economic uncertainties, oil prices rose about 5 percent on Monday after Saudi Arabia and other major producers announced a surprise cut in crude production.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day.
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In Surprise, OPEC Plus Announces Cut in Oil Production
The New York Times – Business:The move is an apparent effort to boost prices. Still, its significance may be slight, especially if the global economy slows.
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The Fed’s Preferred Inflation Gauge Cooled Notably in February
The New York Times – Business:A closely watched measure of price increases provided encouraging news as the Fed considers when to stop raising rates.
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Are Big Profits Keeping Prices High? Some Central Bankers Are Concerned
The New York Times – Business:Companies’ rising profit margins could be contributing to persistent inflation, a European Central Bank policymaker says.
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A Federal Tool Could Soon Make It Easier to Compare Credit Cards
The New York Times – Business:The Consumer Financial Protection Bureau, which already provides some card details, is asking banks for more information about who qualifies for which cards.
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California’s Plan for Cheaper Insulin Collides With Big Pharma’s Price Cuts
The New York Times – Business:The state awarded a $50 million contract to produce less costly treatments, but moves by major suppliers might undercut the initiative before any new product emerges.
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Rising Rate of Drug Shortages Is Framed as a National Security Threat
The New York Times – Business:A Senate homeland security committee examined growing health care shortages amid reports of rationing within hospitals.
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How the Banking Crisis Has Had the Same Effect as a Fed Rate Increase
The New York Times – Business:Some analysts say that the banking industry tumult has slowed the economy as banks pull back on lending.