The reading on gross domestic product was bolstered by consumer spending, showing that recession forecasts early in the year were premature, at least.
Tag: Federal Reserve System
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The Fed’s Difficult Choice
The Federal Reserve has raised interest rates again. When should it stop?
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Fed Raises Rates After a Pause and Leaves Door Open to More
Federal Reserve officials lifted borrowing costs by a quarter-point after pausing in June. They could rise more, but the central bank is not ready to commit.
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Stock Market Slips as Traders Move Cautiously Ahead of Fed Meeting
Stock markets often exhibit caution ahead of major events like Fed meetings, waiting until there is clarity over the central bank’s next move.
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Companies Keep Raising Food Prices, Affecting Fed’s Efforts to Tame Inflation
Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, complicating the Federal Reserve’s efforts to tame inflation.