Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
Category: United States Economy
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JOLTS Report Shows U.S. Job Openings Steady in September
The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
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Markets Await the Fed’s Next Interest Rate Move
The central bank is expected to leave interest rates unchanged on Wednesday, but Wall Street is growing increasingly anxious over its next move.
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Biden to Travel to Minnesota to Highlight Rural Investments
The president’s push to focus attention on the domestic economy comes as his administration has been dealing with events overseas after the terrorist attacks in Israel.
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Drought Saps the Panama Canal, Disrupting Global Trade
The number of ships that can travel through the vital route has fallen sharply this year because of a lack of water for the locks, raising costs and slowing deliveries.
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U.A.W. Strike Gains Could Reverberate Far Beyond Autos
Experts said the union’s new contracts could set precedents that give labor advantages when bargaining contracts and organizing workers.
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A Key Measure of Wages Grew at a Moderate Pace This Summer
The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, has come down since last year.
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What to Watch for as the Federal Reserve Meets This Week
Central bankers are expected to leave interest rates steady at a 22-year high of 5.25 to 5.5 percent. Investors are looking for hints at what’s next.
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Halloween Shoppers Not Spooked as Economic Slowdown Remains Elusive
From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
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Consumers Kept Spending in September, as Inflation Held Steady
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.
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The Bond Market Is Flexing Its Muscles
Soaring interest rates have the power to alter the direction of the economy and command the attention of Washington, our columnist says.
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Inflation Held Steady in September, While Consumers Spent Robustly
Overall inflation stayed at 3.4 percent in September, down from a peak of around 7 percent.