fb-pixel Skip to main content

Fed’s preferred inflation gauge slowed in October

Inflation showed signs of slowing in October, but it still remained uncomfortably rapid even as a spate of economic data underscored that a return to normal price increases could take time.

How capitalism crushed the environment, according to historian Douglas Brinkley

Brinkley, a professor of history at Rice University, is out with a weighty new book about the environmental movement that started — and was thwarted — as early as the 1960s.

Inflation eases in Europe, but still in double digits

Out-of-control inflation is being fed by high energy prices caused by Russia cutting off natural gas over the war in Ukraine, bottlenecks in supplies of raw materials and parts, and rebounding demand after the removal of COVID-19 restrictions.

This holiday season, the poor buckle under inflation as the rich spend

As the holidays near, many well-off consumers are still flush with savings and faring well financially, while America’s poor are struggling to keep up with rising prices.

Analysis
The ‘millionaires tax’ is a big change for Massachusetts. What happens now?
Lawmakers could tinker with the tax code if too many people are caught up in the new tax on high earnings, but few expect changes anytime soon.

Fed at last meeting saw few signs that inflation was easing
Fed officials also expressed uncertainty about how long it might take for their rate hikes to slow the economy enough to tame inflation.

Latest Headlines in Economy

What Taylor Swift reveals about the US economy

Taylor Swift’s upcoming US tour of 52 concerts has all the ingredients of a post-Covid demand shock.

OECD forecast: High rates, inflation to slow world growth

In the OECD’s estimation, the world economy will grow just 3.1 percent this year, down sharply from a robust 5.9 percent in 2021.

Larry Edelman

Boston Fed chief says more rate hikes needed to cool inflation

Susan M. Collins also said she remains hopeful the central bank can bring down inflation without causing a significant recession.

Stocks end higher on Wall Street but still fall for the week

A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading.

Fed official suggests substantial rate hikes may be needed

The Fed is seeking to raise borrowing rates to a level that restrains economic growth and hiring in order to cool inflation.

UK inflation rises to 41-year high at 11.1 percent

Higher prices for food and energy drove Britain’s inflation rate to the highest since October 1981, the Office for National Statistics said.

Shirley Leung and Larry Edelman

‘They just didn’t care’: Why more business leaders didn’t fight the ‘millionaires tax’

Local business leaders conceded that they struggled to recruit enough companies, their chief executives, and other heavy hitters to go public with their opposition to Question 1 — and donate to the campaign.

Markets soar on signs of slower inflation

The S&P 500 soared 5.5 percent, its best one-day performance since April 2020 and the early market recovery from the coronavirus-induced meltdown.