The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.
Author: Jeanna Smialek
Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?
Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
Inflation Plagues Democrats in Polling. Will It Crush Them at the Ballot Box?
Americans are extremely attuned to the cost of living, and as midterm election voters head to the polls, they are divided over whom to blame.
Jerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
The Fed, Staring Down Two Big Choices, Charts an Aggressive Path
Federal Reserve officials are barreling toward another three-quarter point increase in November, and they may decide to do more as inflation refuses to budge.
Inflation was much hotter than expected, bad news for the Fed.
Inflation rose quickly in September and a key measure accelerated to the fastest pace since 1982, underlining the persistence of price increases.
What Comes Next in the Fed’s Fight Against Inflation?
Wall Street will watch the central bank’s economic forecasts closely on Wednesday, when another jumbo-size rate increase is expected.
New Inflation Developments Are Rattling Markets and Economists. Here’s Why.
Inflation is less about pandemic and war surprises and more about economic momentum. That could make the solution more painful.
Fed’s Kashkari says officials are ‘a long way’ from backing off inflation fight.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, said the Fed had more work to do in trying to control price increases.
High Inflation in June Puts Pressure on Interest Rates
Prices climbed 9.1 percent from a year earlier, ramping up pressure on the Federal Reserve to continue raising interest rates.