Jeanna Smialek
Posts
How Long Will Interest Rates Stay High?
It’s pricey to borrow to buy a business, car or home these days. Interest rates are expected to fall in coming years — how much...
A Fed Official Wonders: ‘Do We Need to Do Another Rate Increase?’
The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year.
The New York Fed President Sees Interest Rates Coming Down With Inflation
In a wide-ranging interview with The New York Times, John C. Williams pondered the economy’s future. This is the full transcript.
The Fed’s Preferred Inflation Measure Cooled in June
The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.
Soft Landing Optimism Is Everywhere. That’s Happened Before.
People are often sure that the economy is going to settle down gently right before it plunges into recession, a reason for caution and humility.
Fed Raises Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to...
What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is poised to raise interest rates after pausing in June. What comes next is crucial, but don’t expect clear commitments.
Flood of Workers Has Made the Fed’s Job Less Painful. Can It Persist?
Federal Reserve officials thought job gains would taper off more, but they’ve remained strong. An improving supply of workers has been crucial.
Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?
The Federal Reserve chair spent the early pandemic bemoaning the loss a strong job market. It roared back — and now its fate is in...
America’s Foreign Vacations Tell Us Something About the U.S. Economy
Prices are high, but Americans are opening their wallets for international flights and hotels. It’s the latest evidence of consumer resilience.