The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.
Tag: Wages and Salaries
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How U.S. Inflation Expectations Are Being Shaped by Consumer Choices
Economic policymakers are razor focused on inflation expectations after more than a year of rapid price increases. Consumers explain how they’re thinking about rising costs.
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Biden Insists There’s No Recession as He Confronts Latest Economic Risk
Officials have tried to ditch a shorthand definition for what constitutes a recession and reassure skeptical voters about the U.S. economy.
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Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next
Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?
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As Prices Soar in Ukraine, War Adds Economic Havoc to the Human Toll
Fuel prices are up 90 percent from a year ago. Food costs have surged over 35 percent. Many people, with incomes no higher than before the war, are being squeezed.