Wage growth slowed this spring, the latest sign that the Federal Reserve might be succeeding in its effort to engineer a “soft landing” for the U.S. economy.Overall compensation costs, including […]
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Back to news homeWall St. Pessimists Are Getting Used to Being Wrong
Beaten as they might be by the stock market’s rally, worriers on Wall Street still question how long it can last. Their numbers are shrinking, though.After starting the year with […]
GDP Grew at 2.4% Rate in Q2 as US Economy Stayed on Track
Inflation has also slowed significantly. Consumer prices rose at a 2.6 percent rate in the second quarter, down from 4.1 percent in the first quarter and from more than 7 […]
Fed Raises Interest Rates After a Pause and Leaves Door Open to More
Federal Reserve officials raised interest rates to their highest level in 22 years and left the door open to further action as they continued their 16-month campaign to wrestle inflation […]
How Regional Banks Got Healthy Again
After depositor runs led to the collapse of Silicon Valley Bank and Signature Bank this spring, investors and onlookers wondered how similarly sized institutions would fare. Would they have to […]
What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is widely expected to raise interest rates at its meeting on Wednesday, and economists will be watching for hints at what officials expect next — and how […]
Credit Markets Are Creaking, Creating Economic Uncertainty
Investors and economists have become optimistic that the Federal Reserve might successfully slow inflation without plunging the economy into recession, but many are still eyeing a risk that threatens to […]
Flood of Workers Has Made the Fed’s Job Less Painful. Can It Persist?
Hotels in New York’s Adirondack Mountains are having an easier time hiring this summer, partly as immigrants enter the country in greater numbers and provide a steady supply of seasonal […]
U.S. Recession Appears Less Likely, Economists Say
The recession was supposed to have begun by now.Last year, as policymakers relentlessly raised interest rates to combat the fastest inflation in decades, forecasters began talking as though a recession […]
Inflation Drops to 3% in June
Inflation cooled significantly in June, offering some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago — and boosting the […]