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Defaults Loom as Poor Countries Face an Economic Storm

WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect […]




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The Fed’s Preferred Inflation Gauge Slowed in October

Inflation showed signs of slowing but remained stubbornly rapid in October as a spate of economic data underscored that a return to normal price increases could take time.Prices as measured […]




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Powell Says Fed Could Slow Rate Increases at Next Meeting

Jerome H. Powell, the Federal Reserve chair, signaled on Wednesday that the central bank could slow its rapid pace of interest rate increases at its December meeting while making clear […]




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Why Retailers Are Trying Extra Hard to Woo Holiday Shoppers

Amazon held what amounted to an extra Prime Day in October, blanketing its site with deals. Best Buy rolled out Black Friday-level sales last month. And on Friday, Kohl’s entered […]




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A Holiday Season Divided by Inflation and Economic Struggles

November has been busier than expected at the Langham Hotel in Boston as luxury travelers book rooms in plush suites and hold meetings in gilded conference rooms. The $135-per-adult Thanksgiving […]







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Thanksgiving and Inflation: The Cost of the Holiday This Year

Holiday costs from groceries to travel are up, and consumers have been willing to pay them.Roe D’Angelo and The Thanksgiving feast last year was one of the most expensive ever; […]







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Are the Federal Reserve’s Rate Increases Working?

Economists at Goldman Sachs estimate that the Fed’s preferred inflation gauge, stripping out food and fuel costs, will slow to 2.9 percent by next December from 5.1 percent today. That […]




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A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates

In June 2021, Monique Foulger reached a major milestone: At 30 years old, she bought her first home, a modest one-bedroom flat in Croydon in South London.Barely a year and […]