From Barbiecore to revenge travel, social media trends gave us a clear picture of the forces reshaping the economy.
Category: United States Economy
The Year the Long Stock Market Rally Ended
How fast inflation and high interest rates upended markets across the globe.
Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts
The tech giant has so far taken steps to streamline without mass layoffs, but employees are girding for deeper cuts.
Retirees Are One Reason the Fed Has Given Up on a Big Worker Rebound
Workers are in short supply three years into the pandemic job market rebound, and officials increasingly think they aren’t coming back.
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
Federal Reserve Expected to Slow Rate Increases and Offer Hints at Future
Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.
Price Increases Cooled Notably in November as Inflation Began to Ease
Consumer Price Index data reinforces that inflation is beginning to cool down just ahead of the Federal Reserve’s December rate decision.