Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …
Fed officials expect smaller rate hikes to come ‘soon’ Read More »
Halloween candy is on sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC. Drew Anger | Getty Images An economic gauge that the Federal Reserve closely follows showed inflation remained strong in September but mostly within expectations, the Bureau of Economic Analysis reported on Friday. The price index for basic …
The US budget deficit has been cut in half for fiscal year 2022, the biggest drop in history after two years of huge Covid-related spending. Although still large in historical terms, the budget deficit fell to $1.375 trillion, from the 2021 deficit of $2.776 trillion. The decline would have been steeper if not for the …
Amazon CEO Jeff Bezos speaks during the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 2, 2021. Paul Ellis | Reuters Amazon founder Jeff Bezos has become the latest business leader to warn about the state of the economy, warning that tougher times are likely to come. In a tweet posted on …
Amazon founder Jeff Bezos warns it’s time to ‘batten down the hatches’ Read More »
Goldman Sachs CEO David Solomon warned on Tuesday that the U.S. economy could be heading for a slowdown that could make investment and business decisions more difficult. “I think now is the time to be cautious, and I think if you’re running a risk-based business, now is the time to think more carefully about your …
Goldman CEO says there’s a good chance of a recession, so it’s time to be cautious Read More »
Federal Reserve officials were surprised by the pace of inflation and indicated at their last meeting that they expected higher interest rates to remain in place until prices are falling, according to minutes released Wednesday of the central bank’s September meeting. In discussions leading to a 0.75 percentage point rate hike, policymakers noted that inflation …
