WESTBOROUGH, MASS. —  In a brightly lighted warehouse tucked along an industrial road about 45 minutes west of Boston, a yellow-plated, gooseneck-like mechanical arm stretched one recent morning and plucked a plastic jar holding a powdered drink mix out of a yellow box. The device rose up, spun around with a loud whirring sound and […]
Read MoreTag: WSJ-PRO-NP
Inflation eased last month to the slowest pace since January but remained high, which could keep Federal Reserve officials on track to start slowing the pace of interest-rate rises aimed at taming price pressures. The Labor Department on Thursday said that its consumer-price index increased 7.7% in October from the same month a year ago, […]
Read MoreOTTAWA—Bank of Canada Gov. Tiff Macklem says the central bank is moving toward a meeting-by-meeting approach on further interest rate increases, based on how the economy responds to its rapid-fire tightening of financial conditions. “We do expect that interest rates will need to go higher, to get inflation all the way back to the inflation […]
Read MoreWages 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 […]
Read More