As the US economy continues to recover from the pandemic, Republicans are pointing towards rising inflation as a clear signal that the government’s spending policies are a major cause. However,…
Tag: Inflation
Fed Meets as Bank Chaos Collides With Inflation
The Federal Reserve entered 2023 focused on a central goal: wrestling down the rapid inflation that has plagued American consumers since 2021. But over the past two weeks, that job…
Retailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers
As many of America’s best-known retailers reported better-than-expected quarterly earnings this week, buoyed by shoppers who continued to spend through stubbornly high inflation, they all seemed to arrive at the…
Eurozone Inflation Edges Lower, but Pressure on Prices Continues
With the winter drawing to a close, inflation levels eased in Europe last month, the European Commission reported on Thursday, even as concerns grew that stubbornly high prices could put…
The Fed’s Preferred Inflation Gauge Sped Back Up
Mr. Goldberg said that Friday’s report was sure to spur speculation in markets that the Fed might speed up its rate increases, moving by a half-point rather than a quarter-point…
Smaller Rate Increase by Federal Reserve Likely as Inflation Cools
Federal Reserve officials are widely expected to raise interest rates by a quarter point at their meeting this week, further slowing what had been an aggressive pace of rate increases…
A Closely Watched Measure of Inflation Slowed in December
The Federal Reserve’s preferred inflation index climbed 5 percent in the year through December, a notable slowdown from November and a continuation of a six-month downward trend. After stripping out…
Inflation Is Cooling, Leaving America Asking: What Comes Next?
Martin Bate, a 31-year-old transportation planner in Fort Worth, spent the middle of 2022 feeling that he was “treading water” as high gas prices, climbing food costs and the prospect…
Fed Official Compares Inflation to Uber Surge Pricing
A Federal Reserve official compared inflation to Uber surge pricing on Wednesday in the first formal monetary policy remarks of 2023, kicking off what promises to be a contentious year…