Fed
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News
Fed Officials Fretted That Markets Would Misread Rate Slowdown
Central bankers remained committed to wrestling inflation lower, and wanted to make sure investors understood that message, minutes from its December meeting showed.
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News
Fed Official Compares Inflation to Uber Surge Pricing
Neel Kashkari, the president of the Minneapolis Fed, kicked off 2023 monetary policy debates with a call for better understanding of what causes inflation.
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News
The Week in Business: Southwest’s Holiday Meltdown
Credit...Giulio BonaseraWhat’s Up? (Dec. 25-31) Stranded at the Airport Thousands of travelers were stranded in airports across the country over the holidays as Southwest Airlines canceled more than 2,900 flights on Monday and roughly 5,000 over ...
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Newyork
A Strong Signal That Recession Is Looming
The clearest signal that the U.S. economy is likely to fall into a recession in the next year is coming from interest rates. One of the first people to establish the signaling value of interest rates was Arturo Estrella, then an economist at the ...
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News
The Week in Business: Labor Actions Sweep Britain
Credit...Giacomo BagnaraWhat’s Up? (Dec. 4-10) Workers’ Frustrations With Wages A wave of strikes and other labor actions began in September in Britain, largely set off by workers’ frustrations that wages were not keeping up with soaring inflation ...
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News
Are the Federal Reserve’s Rate Increases Working?
The Federal Reserve this year has raised interest rates at the fastest pace since the 1980s, making it increasingly expensive to borrow money as ...
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Science
Hemp-Fed Cows Get Buzzed, Study Finds, but Will Humans Who Drink Their Milk?
Do cows that consume cannabis act goofy, get the munchies and spend more time lolling about with their stoned buddies? It may sound like the ...