European Central Bank Faces Hurdle in Cutting Stimulus: A Weak Dollar

By JACK EWING September 7, 2017 FRANKFURT — The European Central Bank had been expected to announce a major policy shift on Thursday. The dollar has had other plans. Since early 2015, the European Central Bank has been flooding the 19-nation eurozone...

Fed Officials Confront New Reality: Low Inflation and Low Unemployment

By BINYAMIN APPELBAUM August 16, 2017 WASHINGTON — Federal Reserve officials are struggling to make sense of a new economic reality in which low inflation and low unemployment are persisting side by side. At the Fed’s most recent meeting, in late...

Economic Trends: Janet Yellen and the Case of the Missing Inflation

Economic Trends By NEIL IRWIN June 14, 2017 Inflation has stubbornly stayed lower than the Federal Reserve has desired for the past eight years, and it has been falling in the last few months. In a move that could well define her chairmanship of the central...

Despite Weak Inflation, Fed Is Likely to Raise Interest Rates in June

By BINYAMIN APPELBAUM May 30, 2017 WASHINGTON — A speech by a Federal Reserve governor Tuesday underscored a basic shift in Fed policy: The central bank now needs to be convinced that quarterly rate increases are a bad idea. After years in which any...

Economic View: The Question Isn’t Why Wage Growth Is So Low. It’s Why It’s So High.

May 26, 2017 Economic View By NEIL IRWIN One of the economy’s biggest mysteries is this: The labor market is the strongest it has been in a decade, yet wages are rising barely faster than inflation. For some reason, the booming job market and ultralow...

Japan’s Economy Is Growing, but Don’t Call It a Hot Streak

By JONATHAN SOBLE May 17, 2017 TOKYO — Japan’s economic engine may not exactly be roaring, but there is a definite hum in the air. The economy grew for a fifth consecutive quarter at the start of 2017, the longest stretch of growth in more than a...