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Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation

Banking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

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.

By Jeanna Smialek

Corporate America Has a Message for the Fed About Inflation

Chipotle Mexican Grill Inc Colgate-Palmolive Company Company Reports Consumer Behavior Federal Reserve System Google Inc Hilton Worldwide Holdings Inc Income Inequality Inflation (Economics) Intel Corporation Interest Rates Kimberly-Clark Corporation Pepsico Inc Prices (Fares, Fees and Rates) United States United States Economy

Corporate America Has a Message for the Fed About Inflation

If Federal Reserve Chair Jerome H. Powell and his colleagues look at company earnings reports, these themes might catch their eye.

By Jeanna Smialek and Isabella Simonetti

Food Prices Soar, and So Do Companies’ Profits

Chipotle Mexican Grill Inc Company Reports Darden Restaurants Inc Food Inflation (Economics) Pepsico Inc Prices (Fares, Fees and Rates) Restaurants Supermarkets and Grocery Stores

Food Prices Soar, and So Do Companies’ Profits

Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered.

By Isabella Simonetti and Julie Creswell

Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

Biden, Joseph R Jr Midterm Elections (2022) Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022) United States Politics and Government

Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

The president has been eager to redirect public anger over gas prices as Democrats try to keep power in Congress in the midterm elections.

By Peter Baker and Clifford Krauss