If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
Tag: Interest Rates
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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.
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U.S. employers added 223,000 jobs in December.
Forecasters estimate that employers added 200,000 jobs in December, a robust number though a bit below the average in recent months.
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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.
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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.