The Federal Reserve is trying to cool down the economy to bring inflation under control, but the job market is still going strong.
Tag: Consumer Price Index
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Fed officials, spooked by data, fretted in June about inflation becoming entrenched.
Central bankers raised rates by the most since 1994 last month, and minutes from the gathering explained their logic.
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Wall Street Has Its Worst Week Since March 2020
The selling was fueled by persistently high inflation and fears that the Fed’s efforts to tame it with higher interest rates will choke growth.
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The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation
Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.
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Inflation Isn’t Going to Bring Back the 1970s
The Federal Reserve has the tools that it needs. Now it should use them.