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  • Jeanna Smialek

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PCE, a Key Inflation Measure, Cooled in December

Inflation has been slowing swiftly, and fresh data showed that a core price gauge fell below 3 percent for the first time in years last...

Americans’ Economic Confidence Is Returning. Will Biden Benefit?

The White House is embracing a nascent uptick in economic sentiment. It is likely good news — but how it will map to votes is...

A Fed Governor Reiterates That Rate Cuts Are Coming

Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain.

Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down

Inflation remains faster than usual — and month-to-month bumps are still likely as volatile prices fluctuate — but it is making progress back toward a...

Mortgage Rates and Inflation Could Draw Attention to the Fed This Election

The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key event looms in the backdrop:...

Brisk Wage Gains in December Could Keep the Fed Watchful

Average hourly earnings climbed 0.4 percent from the previous month, and 4.1 percent compared to a year earlier. That was faster than economists expected.

Fed Minutes Showed Officials Feeling Better About Inflation

Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open, December minutes showed.

Will America’s Good News on Inflation Last?

One of the biggest economic surprises of 2023 was how quickly inflation faded. A dig into the details offers hints at whether it will last...

Fed’s Preferred Inflation Gauge Cooled Notably in November

A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.

What Social Trends Taught Us About the 2023 Economy

From girl dinners to ChatGPT, a look back at the trends that broke the internet and taught us about the American economy this year.