The NumbersExxon’s revenue declined in the latest quarter, to $82.9 billion from $115.7 billion a year earlier. The company reported earnings per share of $1.94, compared with $4.21 in the […]
Inflation (Economics)
Trending topics and news from the Inflation (Economics) category
Back to news homeGDP 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 […]
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 […]
Global Economy Shows Signs of Resilience Despite Lingering Threats
The world economy is showing signs of resilience this year despite lingering inflation and a sluggish recovery in China, the International Monetary Fund said on Tuesday, raising the odds that […]
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 […]
Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?
Jerome H. Powell, the chair of the Federal Reserve, spent the early pandemic lamenting something America had lost: a job market so historically strong that it was boosting marginalized groups, […]
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 […]