A cooled-down economy helps to tame, but as of now, it’s looking to grow at a healthy rate.
inflation
Posted inBusiness, Nation & World
High inflation and efforts to tame it defined 2022 economy
U.S. inflation, an economic afterthought for decades, returned in 2022 with the relentless rise in prices devouring workers’ pay and putting American consumers in a foul mood.
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Posted inBusiness, Nation & World
Working at 76: Inflation forces hard choice for older adults
Higher prices throughout much of 2022 have taken their financial toll on older adults in particular.
Posted inOp-eds, Opinion
Commentary: The Fed should take a break from interest rate hikes
The central bank may be well on its way to causing the next recession.
Posted inBusiness, Nation & World, News
Fed raises key interest rate by half-point and signals more to come
Though lower than its previous three-quarter-point hikes, the latest move will further heighten the costs of many consumer and business loans and the risk of a recession.
Posted inBusiness, Nation & World, News
A slowdown in U.S. inflation eases some pressure on households
Gas and electricity prices have fallen, but grocery costs continue to be a sore spot.
Posted inBusiness, Nation & World
From chicken wings to used cars, inflation begins to ease its grip
The Fed has been raising interest rates sharply since March in a bid to get inflation back to its 2% price stability target.
Posted inBusiness
An inflation gauge tracked by the Fed slows to still-high 6%
Consumers spent more in October, even after adjusting for inflation, a sign of their continued willingness to keep spending in the face of high prices.
Posted inBusiness, Nation & World, News
Fed to keep rates higher for longer to cut inflation, chairman Powell says
Federal Reserve chief Chair Jerome Powell also signals that the Fed may increase its key interest rate by a smaller increment at its December meeting, only a half-point, after 4 straight three-quarter point hikes.
Posted inBusiness, Nation & World, News
Many people expect a recession. Could the economy avoid one?
Ever since the Fed started aggressively hiking interest rates in March, crucial pillars of the economy have stayed remarkably strong.