Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.
Category: United States Economy
-
Consumers Kept Up Their Spending in October, Even as Prices Rose
The New York Times – Business: -
What to Know About Biden’s and Congress’s Involvement in the Rail Strike
The New York Times – Business:President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.
-
The Fed’s Preferred Inflation Gauge Slowed in October
The New York Times – Business:A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
-
Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
The New York Times – Business:The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
-
Powell says that rates will rise more and remain high ‘for some time.’
The New York Times – Business:The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
-
Job Openings Ease, but Layoffs Are Little Changed
The New York Times – Business:Government data for October shows the labor market is still strong, though cooling slightly.
-
Here are the Top Questions for Today’s DealBook Summit Speakers
The New York Times – Business:Andrew will interview Janet Yellen, Volodymyr Zelensky, Mark Zuckerberg, Andy Jassy, Ben Affleck and many more.
-
What We Know About the Railroad Labor Talks to Prevent a Strike
The New York Times – Business:Congressional lawmakers vowed to act quickly to prevent a strike by tens of thousands of rail workers, which would have a devastating effect on the economic recovery.
-
What We Know About the Railroad Labor Talks
The New York Times – Business:President Biden has asked congressional lawmakers to step in to help prevent a possible strike by tens of thousands of rail workers, which would have a devastating effect on the economic recovery.
-
Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers
The New York Times – Business:With an economic slowdown a distinct possibility, stores hope customers’ willingness to open their wallets will last through the season.
-
The Week in Business: Shoppers Open Their Wallets
The New York Times – Business:A shake-up at Disney. Scrutiny of Ticketmaster in the wake of chaos in Taylor Swift concert ticket sales. And coming up: Is hiring slowing?
-
Business Travel’s Rebound Is Being Hit by a Slowing Economy
The New York Times – Business:By the early fall, domestic business travel was back up to nearly two-thirds of its prepandemic level. But companies have now begun to cut back.