The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Category: United States Economy
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Lessons From Liz Truss’s Handling of U.K. Inflation
The New York Times – Business: -
S&P 500 Slides as Inflation Worries Rise Again
The New York Times – Business:The S&P 500 ended the week lower, erasing a short-lived rally.
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
The New York Times – Business:Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.
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Inflation Was Much Hotter Than Expected, Bad News For the Fed
The New York Times – Business:Inflation rose quickly in September and a key measure accelerated to the fastest pace since 1982, underlining the persistence of price increases.
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Markets Plunge After High CPI Inflation Reading
The New York Times – Business:Stocks initially tumbled, then rebounded sharply after a report that signaled the Fed would continue raising interest rates aggressively.
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Takeaways From Another Painful CPI Inflation Report
The New York Times – Business:Here’s what to know from the Consumer Price Index report for September.
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Gannett Announces Widespread Cost-Cutting
The New York Times – Business:The moves at the nation’s largest newspaper publisher include a week of mandatory unpaid leave and voluntary buyouts.
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Federal Reserve Worry About Faster Inflation at Last Meeting
The New York Times – Business:Minutes from the Fed’s September meeting showed many were more worried about doing too little to control inflation than too much.