Officials have been preparing investors for a series of steady rate increases and a prompt start to Federal Reserve balance sheet shrinking.
Author: Jeanna Smialek
CPI Inflation Climbed 7.5 Percent in January, the Fastest Rise Since 1982
Consumer Price Index data show that prices climbed over the past year more rapidly than economists expected. On a monthly basis, prices rose 0.6 percent.
Inflation probably climbed at fastest pace in four decades in January.
Consumer Price Index data released on Thursday could show the biggest annual price increase since early 1982.
Fed nominees commit to not taking part in finance’s revolving door.
Three Federal Reserve picks said that they won’t work in finance for years if they are confirmed to central bank positions.
A surprising jobs report gives Washington an easier talking point.
The Fed was preparing to navigate its path toward higher interest rates amid Omicron disruptions. Unexpectedly, hiring held up.
Covid’s effect on the jobs numbers may leave Washington in the dark.
Without clarity on how quickly the labor market can shake off Omicron, the Fed will have difficulty applying the data to its interest rate strategy.
Fed Officials Make It Clear on Inflation: This Time Is Different
Central bankers on Monday emphasized that conditions are better than they were the last time they backed off their efforts to prop up the U.S. economy.
Fed Officials Make It Clear: This Time Is Different
Central bankers on Monday emphasized that conditions are better than they were the last time they backed off their efforts to prop up the U.S. economy.
Wages Rise at Fastest Pace Since 2002 as Inflation Continues to Run Hot
Inflation is rapid and wages are growing at the fastest pace in two decades, trends that may prod the Federal Reserve to lift rates several times this year.
Fed Signals Rate Increase ‘Soon,’ Citing High Inflation and Strong Job Market
Jerome H. Powell, the Fed chair, said the central bank could raise rates at its March meeting.