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Inflation
American consumers are feeling much more confident as holiday shopping season peaks
American consumers are feeling more confident than they have since summer, good news for businesses with the all-important holiday shopping season peaking.
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UK rate cut speculation swells as inflation falls by more than anticipated to 2-year low of 3.9%
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How the markets and the economy surprised investors and economists in 2023, by the numbers
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From AI and inflation to Elon Musk and Taylor Swift, the business stories that dominated 2023
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Houthi attacks on commercial ships have upended global trade in vital Red Sea corridor
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This Week in Business: Consumer confidence, home sales, inflation update
The Conference Board releases its consumer confidence survey for December on Wednesday. The National Association of Realtors on Wednesday reports data on home sales in November.
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Stock market today: Asian shares are mixed. Japan’s central bank keeps its monetary policy unchanged
Asian shares are mixed after a seven-week winning streak on Wall Street cooled. U.S. futures were flat and oil prices edged higher.
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The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession
It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts.
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Congressional Budget Office projects lower inflation and higher unemployment into 2025
The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
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From New York to Tokyo, stock markets around the world have rallied in 2023
It’s been a great year for stock markets around the world. Wall Street’s rally has been front and center, with the U.S. stock market the world’s largest and its clear leader in performance in recent years.
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European Central Bank keeps its key interest rate at a record high. Now, when will it cut?
The European Central Bank has decided to keep its key interest rate at a record high and will leave it there as long as needed to battle back inflation.
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Bank of England holds interest rates at a 15-year high despite worries about the economy
The Bank of England has kept borrowing rates unchanged despite mounting worries over the state of the British economy.
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Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended:
Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter.
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Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease.
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Stock market today: Asian shares are mixed ahead of the Fed’s decision on interest rates
Asian shares are mixed after Wall Street rose to its highest level since early 2022, slightly below its record high, after a report showed inflation in the United States is behaving pretty much as expected.
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How rising prices for restaurants, car repair and other services kept inflation up last month
Held down by sinking gas prices, U.S. inflation was mostly unchanged last month. But underlying price pressures — from apartment rents, restaurant meals, auto insurance and many other services — remained stubbornly high.
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Speculation about eventual rate cuts is rising, but Fed is set to leave interest rates unchanged
With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring.
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This Week in Business: consumer prices, wholesale inflation, Lennar earnings
The Labor Department on Tuesday issues its November report on prices at the consumer level. On Wednesday, the government releases its producer prices report.
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Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.
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Stock market today: Asia markets rise ahead of US consumer prices update
Asia markets opened higher following a positive close on Wall Street. U.S. futures and oil prices advanced.
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Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market
U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession.
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Inflation eased in 2023. That’s giving investors hope for a gentler Federal Reserve next year
Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year.
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US job openings fall to lowest level since March 2021 as labor market cools
U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace.
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Stock market today: Asian shares are mostly up as weak jobs data back hopes for an end to rate hikes
Asian shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy. Oil prices edged higher.
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Economists predict US inflation will keep cooling and the economy can avoid a recession
A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates.
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Stock market today: Asian shares slip ahead of key US economic reports
Asian shares have declined in cautious trading ahead of some key reports this week on the U.S. job market that might provide insight into the Federal Reserve’s thinking about interest rates.
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Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said.
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Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth.
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Inflation in Europe falls to 2.4% as interest rates pack a punch. But the economy has stalled
Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years.
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Stock market today: Asian shares slip after Wall Street ends its best month of ’23 with big gains
Asian shares have slipped after Wall Street closed out its best month of the year with big gains in November. U.S. futures rose while oil prices dropped.
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US economic growth for last quarter is revised up to a 5.2% annual rate
Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate.
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The world economy will slow next year because of inflation, high rates and war, OECD says
The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.
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Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting
BANGKOK (AP) — Asian shares were mostly higher Thursday ahead of an update on U.S. consumer inflation and a meeting of oil producers in Vienna.
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Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing
A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily.
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Biden says he’s helped lower inflation as he hosts first meeting of his new supply chain council
President Joe Biden has opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration is working to lower costs for U.S. families.
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