Inflation

2 Fed officials favor keeping key rate at peak through 2023

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WASHINGTON– Two Federal Reserve officials said Monday that they favor raising the Fed’s key rate to roughly 5% or more and keeping it at its peak through next year — longer than many on Wall Street have expected. John Williams, president of the Federal Reserve Bank of New York, who is among a core group …

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Cyber ​​Monday deals lure in consumers amid high inflation

Cyber ​​Monday deals lure in consumers amid high inflation

NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber ​​Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber ​​Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 …

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US Treasury yields as investors await key economic data

US Treasury yields as investors await key economic data

US Treasury yields slid Monday as unrest in China grew over the country’s Covid policies, while trades awaited a slew of economic data releases — which are due this week and will provide insights into how the US economy is faring as interest rates and inflation remain high. The benchmark 10-year Treasury yield was trading …

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Joe Biden faces a broad set of challenges at home this holiday season

Joe Biden faces a broad set of challenges at home this holiday season

CNN — This holiday season looks very different from the last for many Americans, when Covid-19 test shortages and an Omicron variant surge disrupted numerous family celebrations. But the country is contending with a new set of complex challenges this late fall and winter. Even though Covid tests as well as an updated booster are …

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Berlin warms to France’s ‘Buy European’ plans as global trade rules erode – POLITICO

Berlin warms to France's 'Buy European' plans as global trade rules erode – POLITICO

Press play to listen to this article Voiced by artificial intelligence. BERLIN — Threatened by a new US subsidy package that could hammer EU industry, Germany is rowing back on its long-standing objections to schemes like France’s “Buy European Act” that would set provisions on buying goods locally. Berlin’s increasing sympathy for the French approach …

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China stands to win a transatlantic trade war, EU minister says – POLITICO

China stands to win a transatlantic trade war, EU minister says – POLITICO

Press play to listen to this article Voiced by artificial intelligence. China stands to be the only winner if a subsidy war breaks out between Europe and the United States, the Czech minister who chaired a meeting of EU trade ministers on Friday warned. “A subsidy rally is a very dangerous game,” Jozef Síkela told …

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Inflation hovers over shoppers seeking deals on Black Friday

Inflation hovers over shoppers seeking deals on Black Friday

NEW YORK (AP) — Cautious shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other essentials, many people were being more selective, reluctant to …

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Inflation boosts average household spending by $433 a month: Moody’s

Inflation boosts average household spending by $433 a month: Moody's

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month to buy the same goods and services it did a year ago, according to a Moody’s Analytics analysis of October inflation data. While down slightly from …

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Inflation is coming down. Here’s what that means for annual pay raises

Inflation is coming down.  Here's what that means for annual pay raises

fizkes | Istock | Getty Images Inflation and annual pay are not in a one-to-one relationship. That became clear to many workers last year when their annual merit increases in salary and wages were not anywhere near the four-decade highs for inflation. Many employees gripped, even as pay was increased by more than what had …

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