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European Central Bank raises rates again as eurozone inflation persists

While Europeans face tight financial conditions, the region has been surprisingly resilient to recent economic turmoil, even as the war in Ukraine continues into a second year.

‘Patience is the key here’: Listen to Larry Edelman on the Fed rate hike

The Fed was expected to hike its key interest rate by a quarter-point Wednesday, but what surprised Globe columnist Larry Edelman was Chair Jerome Powell's "forcefulness on the idea that we’re not going to declare victory now," he said.

Fed lifts rate by quarter-point and signals more hikes ahead

Though smaller than its previous hike — and even larger rate increases before that — the latest move will likely further raise the costs of many consumer and business loans and the risk of a recession.

Deleted e-mails, wiped phones: the latest in John Fish’s legal fight over a failed condo tower

Suffolk Superior Court Judge Kenneth W. Salinger's action is the latest turn in the more than three-year legal fight between Fish and Steve Weiner, two of the most prominent players on the local real estate scene.

Powell likely to stress Fed’s inflation fight far from over
With financial markets anticipating that the Fed will stop raising rates soon and possibly even cut them later this year, analysts say Powell will need to push back against such optimism.

Europe’s economy edges higher, heading off forecasts of recession
On Tuesday, the region’s statistics agency said the eurozone economy grew 0.1 percent in the last quarter of 2022, compared with the previous quarter.

Latest Headlines in Economy

US wage growth slowed in the final quarter of 2022

When restaurants, hotels, veterinary clinics, and other services companies raise pay, they often pass along those higher costs by charging their customers higher prices.

KARA MILLER | THE BIG IDEA

America is running out of working-age adults. Here’s how to solve the labor shortage.

There are two potential solutions to America’s incredible shrinking labor pool: Have more babies, or bring in more immigrants.

Smaller rate increase by Federal Reserve likely as inflation cools

Moving gradually will give Fed officials more time to assess how high rates need to rise and how long they need to stay elevated to fully wrangle inflation.

Larry Edelman | The 2-minute drill

These six charts show we’ve never seen a Mass. job market quite like this one

With much of 2022′s labor market data in the books, here’s the picture that emerges in Massachusetts.

Fed sees soft landing as silver lining of temp jobs decline

The drop in temp workers is being viewed as an indication that the Fed is making progress in its bid to ease a taut jobs market just enough to head off inflationary wage increases without triggering widespread layoffs.

US inflation and consumer spending cooled in December

The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy by making lending increasingly expensive.

US economy slowed but still grew at 2.9 percent rate last quarter

The economy’s expected slowdown is an intended consequence of the Federal Reserve’s aggressive series of rate hikes.

Cost-of-living crisis overshadows climate, Davos report says

Climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis, the World Economic Forum said in a report Wednesday.