WASHINGTON — Federal Reserve officials are widely expected to lift borrowing costs by a quarter of a percentage point on Wednesday, the 10th consecutive rate increase since March 2022. But […]
Inflation (Economics)
Trending topics and news from the Inflation (Economics) category
Back to news homeLate-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
Lawmakers and regulators have spent years erecting laws and rules meant to limit the power and size of the largest U.S. banks. But those efforts were cast aside in a […]
First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
Regulators seized control of First Republic Bank and sold it to JPMorgan Chase on Monday, a dramatic move aimed at curbing a two-month banking crisis that has rattled the financial […]
A ‘Rocky and Bumpy’ Economy Where Wages Are Up and Inflation Persists
Inflation isn’t as high as it was last year. The job market isn’t as hot. The economy is slowing down. But none of this is happening as quickly or as […]
Wages and Prices Could Show a Cool-Down Before a Fed Meeting
Government data on Friday will provide one final update on inflation, spending and wages before the Federal Reserve’s interest rate decision next week.Forecasters expect data from the Labor Department to […]
Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Brenetta Smith used to buy brand-name foods like Oreos and Doritos without thinking twice. But when she noticed that food prices at her local supermarket, Aldi, were soaring, she realized […]
The Eurozone Economy Shows Signs of Modest Growth
Why It Matters: The eurozone economy has regained its footing — for now.Just a few months ago, governments across Europe were braced for the possibility of an outright downturn, as […]
GDP Report: US Economy Grew at 1.1% Rate in Q1
Higher interest rates took a toll on the U.S. economy in early 2023, but free-spending consumers are keeping a recession at bay, at least for now.Gross domestic product, adjusted for […]
Inflation Is Still High. What’s Driving It Has Changed.
America is now two years into abnormally high inflation — and while the nation appears to be past the worst phase of the biggest spike in price increases in half […]
Double-Digit Price Increases Bolster Profits at Procter & Gamble
Another round of price increases on household products like Gillette razors, Dawn dish soap and Swiffer dusters bolstered Procter & Gamble’s bottom line last quarter, the company said on Friday, […]