The Wall Street Journal

The Fed isn’t getting the economy it expected

The Fed isn’t getting the economy it expected
The economy has been much stronger than policymakers anticipated. (Image: Getty)
The Wall Street Journal
By Justin LahartWhen the Federal Reserve’s rate-setting committee sits down on Tuesday and Wednesday (US time), one thing it has to grapple with is that underlying inflation is looking cooler than it thought just a few months ago. Another: The economy is looking much stronger.The central bank’s policymakers will need to update the economic projections to reflect these changes, but an environment with a bit less inflation and more growth has interest-rate implications, too. Although policymakers are almost certain to keep rates...

More World

Warren Buffett donates another US$1 billion
Investments

Warren Buffett donates another US$1 billion

Four family foundations will receive shares worth more than US$1 billion (NZ$1.6b).

Rocket Lab nabs Biden funding
Markets

Rocket Lab nabs Biden funding

Rocket Lab has hit a milestone by launching two Electron rockets within 24 hours.The New Zealand-American firm also said on Tuesday it had finalised US$23.9 million (NZ$41.3m) in Biden administration “Chips Act” funding.Proposed recipients of funding under the legislation, design...

Staff reporters 26 Nov 2024
Scott Bessent sees a coming ‘global economic reordering'
World

Scott Bessent sees a coming ‘global economic reordering'

Trump’s pick for Treasury secretary is a fierce defender of his approach to trade.