Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change.
Category: United States Economy
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Fed Officials Ask How to Better Understand Inflation After Surprises
The New York Times – Business: -
U.S. employers added 223,000 jobs in December.
The New York Times – Business:Forecasters estimate that employers added 200,000 jobs in December, a robust number though a bit below the average in recent months.
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Even a Soft Landing for the Economy May Be Uneven
The New York Times – Business:Small businesses and lower-income families could feel pinched in the months ahead whether or not a recession is avoided this year.
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U.S. Moves to Bar Noncompete Agreements in Labor Contracts
The New York Times – Business:A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
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How a Texas Border City Is Shaping the Future of Global Trade
The New York Times – Business:Laredo, across from Mexico on the Rio Grande, is primed to become one of the world’s most important land ports as American companies reduce their reliance on factories in Asia.
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Fed Officials Fretted That Markets Would Misread Rate Slowdown
The New York Times – Business:Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from its December meeting showed.
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Labor Market Strength Persisted Heading Into the Holidays
The New York Times – Business:Government data from November showed job openings remained high, with rates of quitting and layoffs holding steady.
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Fed Official Compares Inflation to Uber Surge Pricing
The New York Times – Business:Neel Kashkari, the president of the Minneapolis Fed, kicked off 2023 monetary policy debates with a call for better understanding of what causes inflation.
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Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos
The New York Times – Business:Automakers have been hampered by the supply of semiconductors and higher interest rates.
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S&P 500 Rises in First Session of 2023
The New York Times – Business:Analysts are more cautious about 2023 after their overly optimistic forecasts for last year.
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Wave of Job-Switching Has Employers on a Training Treadmill
The New York Times – Business:The rise in turnover since the pandemic started has a cost in productivity: “It’s taking longer to get stuff out the door.”
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Biden Caps Two Years of Action on the Economy, With New Challenges Ahead
The New York Times – Business:The president used a slim congressional majority to enact legislation that could reshape the American economy — if his administration can make the laws succeed.