Fed officials agreed on smaller December rate hike: minutes
All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the central bank should slow the pace of its aggressive ...
Tag: inflation
Holiday-related debt soars to an eight-year high of $1,550
Shoppers didn’t let decades-high inflation prevent them from charging up their credit cards this holiday season, a new debt survey ...
Inflation measure watched by the Fed eases to 5.5%
A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in ...
GDP grew at revised 3.2% rate in third quarter
Shrugging off rampant inflation and rising interest rates, the US economy grew at an unexpectedly strong 3.2% annual pace from ...
Champagne makers pop corks on record $6.5B in sales despite inflation
Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive ...
Fed’s John Williams says rates could go higher than forecast
New York Federal Reserve President John Williams said on Friday it remains possible the US central bank raises interest rates ...
Retail sales fall 0.6% in November after rising in October
Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, ...
Fed inflation gauge shows October prices eased to 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in ...
GDP revised up to 2.9% for third quarter
Despite high interest rates and chronic inflation, the US economy grew at a 2.9% annual rate from July through September, ...
Central bank could cut rates in 2024
New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the US central bank will ...
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