Tag: inflation

Inflation struck European firms seek most emergency funds since pandemic

Inflation struck European firms seek most emergency funds since pandemic

Firms grappling with high inflation and soaring operating costs are seeking fresh short-term liquidity lines in an echo of the worst days of the 2020 coronavirus pandemic. European high-grade companies are taking out facilities maturing in two years or less, significantly shorter than the average five-year term of conventional loans. They’ve sealed €76 billion ($75 […]

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The Fed's Problem With the Job Market

The Fed's Problem With the Job Market

Federal Reserve officials worry that rising wages will lock the economy into a high-inflation regime. The question facing policy makers is how much of a risk of that happening there actually is. Fed policy makers seem all but certain to raise their target range on overnight rates by three-quarters of a percentage point when they […]

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Cash-Rich Consumers Could Mean Higher Interest Rates for Longer

Cash-Rich Consumers Could Mean Higher Interest Rates for Longer

Washington’s response to the pandemic left household and business finances in unusually strong shape, with higher savings buffers and lower interest expenses. It could also make the Federal Reserve’s job of taming high inflation more difficult. The U.S. central bank is trying to slow down economic growth to prevent inflation from becoming entrenched. To that […]

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Consumer Spending Rose in September

Consumer Spending Rose in September

Americans stepped up their spending and slowed their saving in September as they faced higher prices, especially for services such as housing, utilities and transportation. Consumer spending increased by a seasonally adjusted 0.6% last month, the Commerce Department said Friday. Households spent more on essentials like rent, food and commuting as their prices continued to […]

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Economic Pressures Weigh on Voters as Election Nears

Economic Pressures Weigh on Voters as Election Nears

Sean Belveal, a 44-year-old assistant high-school principal in suburban Cleveland who voted for President Biden, thinks his middle-class family shouldn’t be struggling so much to pay the bills. It is one reason he is leaning slightly toward voting for Republicans in the midterm elections. “I try to be very independent-minded, but I feel like at […]

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U.S. Wages Rose Rapidly in Third Quarter

U.S. Wages Rose Rapidly in Third Quarter

Wages and prices continued to rise rapidly in the late summer, keeping the Federal Reserve on track for more interest-rate increases as it attempts to cool economic growth and bring down high inflation. The latest figures add to a picture of an economy losing some momentum but still growing as the labor market, consumer spending […]

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