The Federal Reserve is poised to raise interest rates further as it seeks to tame inflation, but that is unlikely to happen until the end of the year.
Category: United States Economy
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A Top Fed Official Casts Further Doubt on a Rate Rise This Month
The New York Times – Business: -
Fed Minutes Show Officials Saw More Work to Do to Quell Inflation
The New York Times – Business:Policymakers grew increasingly concerned about inflation risks at their most recent meeting in September.
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High Interest Rates Aren’t Slowing the A.I. Boom. That’s a Problem for the Fed.
The New York Times – Business:Rising borrowing costs are taking a toll on households and businesses. But they are doing little to dampen enthusiasm for investments in A.I. infrastructure, which are contributing to inflation.
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Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win
The New York Times – Business:The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
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Trump Says Economy Has ‘Public Relations’ Problem Amid High Prices and Slow Hiring
The New York Times – Business:The president, who had hoped to tout a growing economy on the campaign trail, has found it hard to break through as workers’ wages fail to keep up.
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Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase
The New York Times – Business:The odds of an interest rate change at the Federal Reserve’s meeting in late October have dropped following a softer jobs report and strong signaling from bank officials.
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Are Democrats Worried About the Wrong Rich People?
The New York Times – Business:As billionaires become a popular political target, a new book urges Washington not to lose sight of a much larger, and quieter, group of wealthy business owners.
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While Surging to Records, Stocks Experience Some ‘Wobbles’
The New York Times – Business:Beneath the S&P 500’s 2 percent gain in the third quarter, the rise in oil prices and bond yields led some investors to become more cautious about the outlook for A.I. profits.
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Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations
The New York Times – Business:A new report by the Federal Reserve’s independent inspector general concluded that a nearly $2.5 billion construction project was poorly managed but made no referrals to the U.S. attorney general.
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Fed’s Preferred Inflation Gauge Points to Continued Price Pressures
The New York Times – Business:The Personal Consumption Expenditures price index showed little sign of easing in August.
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Bracing for More Inflation Volatility
The New York Times – Business:Consumers, business owners and investors are growing increasingly concerned about rising inflation, and its potential repercussions.
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High Gas and Rising Mortgage Rates Trouble Trump as Midterms Near
The New York Times – Business:As the president extolled the strength of the economy on the global stage, Americans continued to feel the sting of rising prices stemming from the war in Iran.