The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.
Category: United States Economy
-
U.S. Wages Grew More Slowly Than Expected Late Last Year
The New York Times – Business: -
IMF Upgrades Global Economic Outlook as Inflation Eases
The New York Times – Business:The International Monetary Fund said the world economy was poised for a rebound as inflation eases.
-
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
The New York Times – Business:If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
-
Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
The New York Times – Business:Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.
-
Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
The New York Times – Business:America’s central bank is expected to raise rates by a quarter point on Wednesday. The question now is what comes next.
-
The Week in Business: Creeping Layoffs
The New York Times – Business:Data shows that the U.S. economy has been largely resilient. The Fed may slow its rate increases. And the jobs report is expected to show solid gains.
-
A Closely Watched Measure of Inflation Slowed in December
The New York Times – Business:The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.
-
Consumer Spending Slid Again in December
The New York Times – Business:Fresh data offered more detail on how shoppers retrenched at the end of 2022.
-
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The New York Times – Business:Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
-
With Layoffs, Retailers Aim to Be Safe Rather Than Sorry (Again)
The New York Times – Business:Companies that ramped up hiring in areas like technology over the past few years are cutting back as customers slow their spending.
-
Chipotle Plans to Hire 15,000 People Ahead of ‘Burrito Season’
The New York Times – Business:The restaurant chain is pitching for more workers as it aims to double the number of outlets in North America.