Small businesses and lower-income families could feel pinched in the months ahead whether or not a recession is avoided this year.
Category: Recession and Depression
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Even a Soft Landing for the Economy May Be Uneven
The New York Times – Business: -
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
The New York Times – Business:There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
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Why It’s Hard to Predict What the Economy Will Look Like in 2023
The New York Times – Business:Years into the pandemic, it is still difficult to get a handle on what comes next for the economy by looking at examples from the past.
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Inflation Cooled Notably in November, Good News for the Fed
The New York Times – Business:Consumer Price Index data reinforces that inflation is beginning to slow down just ahead of the Federal Reserve’s December rate decision.
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Why Are Middle-Aged Men Missing From the Labor Market?
The New York Times – Business:Men ages 35 to 44 are staging a lackluster rebound from pandemic job loss, despite a strong economy.
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Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers
The New York Times – Business:With an economic slowdown a distinct possibility, stores hope customers’ willingness to open their wallets will last through the season.
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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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Inflation in Britain Reaches 11.1 Percent, Led by Energy Costs
The New York Times – Business:Prices in October rose at the fastest rate in more than 40 years, deepening the country’s cost-of-living crisis.
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U.K. Economy Shrinks as Threat of Recession Nears
The New York Times – Business:Britain’s economic output fell in the third quarter and European Union officials forecast weakening growth for countries across the continent.
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U.K. Economy Shrinks as Threat of Recession Nears
The New York Times – Business:Economic output fell 0.2 percent in the third quarter as the services and production industries slowed.
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Biden Touts Cooling Inflation, Citing Economic Policies
The New York Times – Business:The president took credit for signs that rapid price rises were moderating, after spending months on the defensive about his handling of the economy.