In light of recent strong data, Jerome H. Powell said that the Federal Reserve is likely to raise rates higher than expected.
Tag: Interest Rates
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Why the Federal Reserve Won’t Commit
Facing huge economic uncertainty, the Fed is keeping its options open. Jerome H. Powell, its chair, will most likely continue that approach on Tuesday.
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What Layoffs? Many Employers Are Eager to Hang On to Workers.
Despite interest rate increases meant to cool the labor market, companies outside the tech industry worry about having too few workers, not too many.
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Stocks Sink for Third Straight Week
A turn in the market has eroded the sharp rally at the start of the year, as investors have fretted about recent signals suggesting a resurgence in inflation.
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The Fed’s Preferred Inflation Gauge Sped Back Up
Inflation is down from its peak last summer, but recent readings have shown substantial and surprising staying power.