Federal Reserve officials forecast higher interest rates through 2026 this week, a sign that borrowing costs are not heading back to the rock-bottom levels normal before the pandemic.
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Google and Amazon have announced a slew of new A.I. offerings this week, and Microsoft is expected to follow suit.
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The Federal Reserve is unlikely to declare victory this week. But investors will watch for any hint that the end to rate increases is coming.
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Consumer prices rose 3.7 percent in the year through August, marking another month of accelerating inflation. The Federal Reserve will closely parse the data as it prepares its next interest-rate decision.
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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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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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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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