The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
Just hold your nose and make a decision.
AP Photo/Andrew Harnik
The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
Is strong hiring fanning the flames of inflation?
AP Photo/Nam Y. Huh
The US spent $213 billion paying interest on the national debt in the fourth quarter of 2022 as the Fed jacked up borrowing costs at an unprecedented pace.
Calculating the cost of living in the country.
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The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
Oeuf! Egg prices are rising faster than a souffle.
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The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
The Fed is taking aim at its inflation target.
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Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
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Many voters say inflation is the issue that matters to them most as they head to the polls. The problem is, the people they choose can’t do much about it.
A strange thing happens when we think about prices.
Zwiebackesser
Despite the highest inflation rates in 40 years, Apple chose not to raise prices on its gadgets. More bizarre, the consumer price index suggests smartphones are 20% cheaper than a year ago.
Lower gas prices will put downward pressure on inflation.
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Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.