Jeanna Smialek and Ben Casselman
Posts
How Wall Street Learned About Last Week’s Labor Data Before the Public
The Labor Department provided insight into a recent lapse in which revised payrolls data were given out à la carte before they were online.
Economists Predicted a Recession. So Far They’ve Been Wrong.
A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
Is Good News Finally Good News Again?
Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.
The Pandemic’s Labor Market Myths
Amid the pandemic, people thought the labor market had permanently changed in important ways. It was a bad bet.
The Fed’s Preferred Inflation Gauge Sped Back Up
Inflation is down from its peak last summer, but recent readings have shown substantial and surprising staying power.
Fed Officials Ask How to Better Understand Inflation After Surprises
Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change.
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.
Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly
The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.
Economists Nervously Eye the Bank of England’s Market Rescue
The Bank of England stepped in to save a critical market this week. Economists say it was necessary but also worry about the precedent.