U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter

The continued growth in the fourth quarter showed the resilience of consumers and businesses in the face of rising inflation and interest rates.

#commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #international-trade-and-world-market, #recession-and-depression, #united-states-economy

Inflation Is Cooling, Leaving America Asking: What Comes Next?

After six months of declines, inflation seems to be turning a corner. But the road back to normal is an uncertain one.

#consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #united-states-economy

Is Bitcoin Replacing Gold? Maybe It’s Exactly the Opposite.

Are traditional pet rocks making a comeback?

#bitcoin-currency, #economics-theory-and-philosophy, #gold, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #virtual-currency

Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’

Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently high prices.

#banking-and-financial-institutions, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine, #prices-fares-fees-and-rates, #wages-and-salaries

After a Burst of New Businesses, a Cooling Economy Intrudes

The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.

#coronavirus-2019-ncov, #credit-and-debt, #entrepreneurship, #innovation, #interest-rates, #recession-and-depression, #united-states-economy, #venture-capital

Lower Inflation Presents the Fed with a Paradox

The fact that consumer prices fell isn’t entirely a good thing for the Federal Reserve.

#banking-and-financial-institutions, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #internal-sub-only-nl, #powell-jerome-h, #recession-and-depression, #united-states-economy

Investing When Your Time Horizon Is Short

Cut back on stock and bond holdings, and focus on money market funds, C.D.s, Treasury bills and other options that are now offering high yields, our columnist says.

#asset-allocation-personal-finances, #content-type-service, #inflation-economics, #interest-rates, #mutual-funds, #standardpoors-500-stock-index, #stocks-and-bonds

Inflation Is Slowing, Good News for American Consumers and the Fed

Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #renting-and-leasing-real-estate, #united-states-economy

The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.

#budgets-and-budgeting, #federal-budget-us, #government-bonds, #interest-rates, #national-debt-us, #personal-finances, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

US Added 223,000 Jobs in December, a Slight Easing in Pace

The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.

#biden-joseph-r-jr, #consumer-behavior, #federal-reserve-system, #hiring-and-promotion, #inflation-economics, #interest-rates, #labor-and-jobs, #labor-department-us, #recession-and-depression, #unemployment, #united-states-economy, #wages-and-salaries

Markets Rise as Investors Like the Look of Hiring and Wage Trends

Traders are betting that a slowdown in job growth and wage gains could reduce the pressure on prices and make the Federal Reserve less aggressive in raising interest rates.

#interest-rates, #labor-and-jobs, #standardpoors-500-stock-index, #stocks-and-bonds

Eurozone Inflation Eases on Lower Energy Prices

The rate of price increases in countries using the euro slowed to 9.2 percent in December, down from 10.1 percent a month earlier.

#economic-conditions-and-trends, #europe, #european-central-bank, #european-commission, #eurozone, #gopinath-gita, #government-bonds, #inflation-economics, #interest-rates, #lagarde-christine, #prices-fares-fees-and-rates

Fed Officials Fretted That Markets Would Misread Rate Slowdown

Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from its December meeting showed.

#banking-and-financial-institutions, #federal-open-market-committee, #federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy, #wages-and-salaries

Fed Official Compares Inflation to Uber Surge Pricing

Neel Kashkari, the president of the Minneapolis Fed, kicked off 2023 monetary policy debates with a call for better understanding of what causes inflation.

#federal-reserve-bank-of-minneapolis, #federal-reserve-system, #inflation-economics, #interest-rates, #kashkari-neel-t, #prices-fares-fees-and-rates, #united-states-economy

Auto Sales Likely Fell in 2022 Because of Supply Chain Chaos

Automakers have been hampered by the supply of semiconductors and higher interest rates.

#automobiles, #company-reports, #computer-chips, #electric-and-hybrid-vehicles, #general-motors, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #rivian-automotive-llc, #shortages, #supply-chain, #tesla-motors-inc, #toyota-motor-corp, #two-thousand-twenty-two, #united-states, #united-states-economy

Why Japan’s Sudden Shift on Bond Purchases Dealt a Global Jolt

The world has relied on ultralow interest rates in Japan. What will happen if they rise?

#abe-shinzo, #bank-of-japan, #banking-and-financial-institutions, #currency, #economic-conditions-and-trends, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #international-trade-and-world-market, #japan, #kuroda-haruhiko, #quantitative-easing, #stimulus-economic, #stocks-and-bonds, #yen-currency

Low-Down-Payment Mortgages: Your 2023 Guide

Facing high interest rates and home prices, some buyers have only a small down payment to offer. But they still have plenty of options.

#credit-and-debt, #federal-home-loan-mortgage-corp-freddie-mac, #federal-housing-administration, #federal-national-mortgage-assn-fannie-mae, #interest-rates, #mortgages, #personal-finances, #real-estate-and-housing-residential

What TikTok Told Us About the Economy in 2022

From Barbiecore to revenge travel, social media trends gave us a clear picture of the forces reshaping the economy.

#coronavirus-2019-ncov, #coronavirus-return-to-office, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #real-estate-and-housing-residential, #restaurants, #social-media, #tiktok-bytedance, #travel-and-vacations, #two-thousand-twenty-two, #united-states-economy, #weddings-and-engagements

Stocks Have Their Worst Year Since 2008

How fast inflation and high interest rates upended markets across the globe.

#federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

What to Expect in 2023’s Housing Market

In the year ahead, the housing market may be slow to start, with home prices, rents, inventory and interest rates not moving much at all, according to economists, analysts and real estate brokers.

#affordable-housing, #interest-rates, #mortgages, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states, #united-states-economy

The Year the Long Stock Market Rally Ended

How fast inflation and high interest rates upended markets across the globe.

#federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Why It’s Hard to Predict What the Economy Will Look Like in 2023

Years into the pandemic, it is still difficult to get a handle on what comes next for the economy by looking at examples from the past.

#biden-joseph-r-jr, #consumer-behavior, #coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #mortgages, #powell-jerome-h, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #recession-and-depression, #shortages, #united-states-economy, #wages-and-salaries

European Central Bank Raises Rates Half a Point, Moderating Its Pace

But the bank warned that interest rates would “still have to rise significantly” to tame inflation.

#banking-and-financial-institutions, #economic-conditions-and-trends, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine

Federal Reserve Expected to Slow Rate Increases and Offer Hints at Future

Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.

#banking-and-financial-institutions, #consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #united-states, #united-states-economy

Federal Reserve to Slow Rate Increases and Offer Hints at Future

Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.

#banking-and-financial-institutions, #consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #united-states, #united-states-economy

Inflation Cooled Notably in November, Good News for the Fed

Consumer Price Index data reinforces that inflation is beginning to slow down just ahead of the Federal Reserve’s December rate decision.

#consumer-price-index, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy

Stocks soar as investors welcome signs of cooling inflation.

The slowdown in price gains in November provided Wall Street with a strong indication that the Federal Reserve could slow down interest rate increases.

#consumer-price-index, #inflation-economics, #interest-rates, #standardpoors-500-stock-index, #united-states-economy

Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?

Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.

#consumer-behavior, #consumer-price-index, #coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #supply-chain, #united-states-economy, #wages-and-salaries

Skyrocketing Prices in Turkey Hurt Families and Tarnish Erdogan

Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.

#economic-conditions-and-trends, #erdogan-recep-tayyip, #inflation-economics, #interest-rates, #labor-and-jobs, #polls-and-public-opinion, #turkey, #wages-and-salaries

U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy

Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.

#federal-reserve-system, #hiring-and-promotion, #interest-rates, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #unemployment, #united-states-economy

The Atlantic Divide

The rising cost of living can look very different depending on where you live.

#banking-and-financial-institutions, #england, #interest-rates, #internal-storyline-no, #mortgages, #powell-jerome-h, #real-estate-and-housing-residential

Powell says that rates will rise more and remain high ‘for some time.’

The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.

#banking-and-financial-institutions, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #united-states-economy, #wages-and-salaries

Markets Rise as Powell Signals Slowdown in Pace of Rate Increases

In his final public remarks before a crucial Fed meeting, the central bank’s chair said the time to moderate rate increases could come as soon as December.

#bullard-james-b, #federal-reserve-system, #inflation-economics, #interest-rates, #international-trade-and-world-market, #labor-and-jobs, #powell-jerome-h, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Inflation in Eurozone Slows as Energy Prices Ease, but Officials Remain Wary

Consumer prices rose at an annual rate of 10 percent in November, down from 10.6 percent a month earlier, the first decline in 18 months.

#banking-and-financial-institutions, #europe, #european-central-bank, #eurozone, #inflation-economics, #interest-rates, #lagarde-christine

A Holiday Season Divided by Inflation and Economic Struggles

Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.

#catholic-charities, #consumer-behavior, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #personal-finances, #poverty, #powell-jerome-h, #prices-fares-fees-and-rates, #shopping-and-retail, #thanksgiving-day, #united-states, #united-states-economy, #wages-and-salaries

Fed Officials Discussed Slowing Interest Rate Increases ‘Soon’

The central bankers discussed the need to slow rate increases soon at their last meeting, while signaling that they are likely to raise borrowing costs higher.

#federal-reserve-system, #inflation-economics, #interest-rates, #united-states-economy

Are the Federal Reserve’s Rate Increases Working?

The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.

#credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #layoffs-and-job-reductions, #mortgages, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #recession-and-depression, #shopping-and-retail, #united-states-economy

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

After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.

#bailey-andrew-1959, #bank-of-england, #economic-conditions-and-trends, #inflation-economics, #interest-rates, #mortgages, #real-estate-and-housing-residential

Inflation in Britain Reaches 11.1 Percent, Led by Energy Costs

Prices in October rose at the fastest rate in more than 40 years, deepening the country’s cost-of-living crisis.

#bank-of-england, #economic-conditions-and-trends, #great-britain, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #recession-and-depression

Stocks Jump on Hopes of Lower Inflation

Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.

#brainard-lael, #company-reports, #federal-reserve-system, #inflation-economics, #interest-rates, #shopping-and-retail, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states, #united-states-economy, #walmart-stores-inc

First-Time Buyers Face a Brutal Housing Market

Unable to compete against older buyers with cash offers, younger potential buyers feel like they are never going to own a house.

#interest-rates, #mortgages, #national-assn-of-realtors, #personal-finances, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states

As the Fed Raises Rates, Worries Grow About Corporate Bonds

Executives, analysts and bond traders are all wondering if corporate finance is about to unravel as interest rates rise.

#automobiles, #bankruptcies, #bed-bathbeyond-inc, #carvana-co, #credit-and-debt, #credit-ratings-and-credit-rating-agencies, #inflation-economics, #interest-rates, #real-estate-commercial, #recession-and-depression, #revlon-inc, #rite-aid-corporation, #shopping-and-retail, #stocks-and-bonds, #united-states, #united-states-economy

U.S. Added 261,000 Jobs in Strong Showing

Job growth is slowing but remains stronger than comfortable for the Federal Reserve, which is trying to tame high inflation.

#federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #midterm-elections-2022, #unemployment, #united-states-economy

Workers Expect Fast Inflation Next Year. Could That Make It a Reality?

The Federal Reserve chair is eyeing near-term inflation expectations, which might shape wages — and help keep prices rising rapidly.

#banking-and-financial-institutions, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #united-states-economy, #wages-and-salaries

The Housing Market Is Worse Than You Think

Buyers, sellers and renters are in for more twists and turns, as soaring mortgage rates and stubborn inflation signal belt tightening ahead.

#inflation-economics, #interest-rates, #mortgages, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #united-states

Older, White and Wealthy Home Buyers Are Pushing Others Out of the Market

The share of first-time buyers fell to 26 percent, plummeting to the lowest level in four decades, when a real estate trade association began tracking such data.

#affordable-housing, #first-time-home-buyers, #interest-rates, #national-assn-of-realtors, #real-estate-and-housing-residential, #renting-and-leasing-real-estate

The Job Market’s Cues

Two measurements tell two stories about the strength of U.S. employment.

#federal-reserve-system, #interest-rates, #internal-storyline-no, #labor-and-jobs, #united-states-economy

Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

Lenders use several bits of data to set mortgage rates, including trading moves by investors. Without market volatility, the rate could be under 7 percent.

#federal-reserve-system, #government-bonds, #interest-rates, #mortgages, #personal-finances, #real-estate-and-housing-residential, #real-estate-investment-trusts, #treasury-department, #united-states

Bank of England Is Set to Raise Rates After U.K. Political Turmoil

An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.

#bank-of-england, #economic-conditions-and-trends, #great-britain, #inflation-economics, #interest-rates

Fed Ushers In Fourth Jumbo Increase in Interest Rates to Fight Inflation

The Federal Reserve has now raised interest rates six times this year as it tries to quash the fastest inflation in four decades.

#banking-and-financial-institutions, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #prices-fares-fees-and-rates, #united-states-economy