Jeanna Smialek
Posts
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.
Inflation Cools Sharply in June, Good News for Consumers and the Fed
The Consumer Price Index moderated considerably in June compared with a year earlier, offering relief to Americans after two years of rapid inflation.
The June Payrolls Report Probably Doesn’t Change Much for the Fed
How much more the Federal Reserve raises interest rates this year will hinge on the strength of the economy — particularly the labor market.
Fed Rate Increases Hinge on Strength of Jobs and Economy
How much more the Federal Reserve raises interest rates this year will hinge on the strength of the economy — particularly the labor market.
Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.