Borrowing remained elevated last year as spending fights loom in a divided Congress.
Category: United States Economy
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U.S. Deficit Fell to $1.4 Trillion in 2022
The New York Times – Business: -
Inflation slowed last month thanks to cheaper fuel and airfares.
The New York Times – Business:The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Investors Look to Corporate Reports With Low Expectations
The New York Times – Business:As companies prepare to publish their latest financial results, Wall Street forecasters expect profits to fall for the first time since the early days of the pandemic.
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The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.
The New York Times – Business:If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
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Fed President Backs Slowdown as Support Mounts for Smaller Rate Move
The New York Times – Business:Susan M. Collins, president of the Federal Reserve Bank of Boston, said she was leaning toward a quarter-point move at the central bank’s Feb. 1 meeting.
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Powell Says Fed ‘Will Not Be’ a Climate Policymaker
The New York Times – Business:In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
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As Infrastructure Money Lands, the Job Dividends Begin
The New York Times – Business:Trillions of dollars in government spending will profoundly affect the labor market, but in ways hard to measure, and mostly under the surface.
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Wall Street Braces for a Weak Earnings Season
The New York Times – Business:Analysts have begun trimming their profit forecasts, with pronounced downgrades for growth at energy and financial firms.
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The Week in Business: Slowing Job Growth
The New York Times – Business:Sam Bankman-Fried, the disgraced cryptocurrency executive, pleads not guilty to an array of charges. A bumpy road ahead for Tesla. And the latest inflation figures are coming out.
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US Employers Added 223,000 jobs in December
The New York Times – Business:The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
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Fed Officials Ask How to Better Understand Inflation After Surprises
The New York Times – Business:Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change.