Business news today

Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 • Company • • • • • • • • • Communications • • Follow • • • • • • Products • • • • • Industry Products • • • • • Media • • • • • • • • • • Media Services • • • Company • • • • • • • • • Communications • • Follow • • • • • • Products • • • • • Industry Products • • • • • • Media • • Technology • • • • Businessweek • • • • Media Services • • • Bloomberg

The Federal Reserve said Wednesday it was keeping its key interest rate at about 5% — the first time it has kept the rate steady in more than a year. The reason for the hold: Inflation appears to be finally easing, and the Fed wants to assess whether it has already raised rates high enough to tame price increases. Federal Reserve Chair Jerome Powell at a Senate hearing on March 7. Graeme Sloan / Sipa USA via AP file Yet the Fed also signaled rates could still go higher if inflation proves sticky. "Inflation remains elevated," the Fed's Open Market Committee said Wednesday in a statement, adding it was prepared to adjust rates "if risks emerge that could impede the attainment of the Committee’s goal" of reaching a 2% inflation rate. At the same time, the Fed also lowered its unemployment projections from 4.5% to 4.1%. The rate currently stands at 3.7%. That means the Fed thinks it can continue to hike rates without causing mass job losses. Amid prior soaring inflation readings, the Open Market Committee raised interest rates 10 consecutive times from March 2022 to this May. But Tuesday, the Bureau of Labor Statistics announced that the 12-month inflation rate had fallen to 4% — the lowest reading in more than two years. The impact of higher interest rates has been substantial, causing lending rates across the economy, from credit cards to corporate lending, to touch their highest levels in decades. By making it more expensive to borrow and invest, Inflation is indeed coming...

Si vous cliquez sur Accepter tout, • afficher des publicités et des contenus personnalisés en fonction de vos profils de centres d’intérêt ; • mesurer l’efficacité des publicités et contenus personnalisés ; et • développer et améliorer nos produits et services. Si vous ne souhaitez pas que nos partenaires et nous–mêmes utilisions des cookies et vos données personnelles pour ces motifs supplémentaires, cliquez sur Refuser tout. Si vous souhaitez personnaliser vos choix, cliquez sur Gérer les paramètres de confidentialité. Vous pouvez modifier vos choix à tout moment en cliquant sur les liens « Paramètres de confidentialité et des cookies » ou « Tableau de bord sur la confidentialité » présents sur nos sites et dans nos applications. Découvrez comment nous utilisons vos données personnelles dans notre

Retail executives are sounding the alarm on in-store shoplifting as theft burns a multibillion dollar hole in their balance sheets. While most are vowing to fight back, they’re also expressing fears that they may be largely powerless to stop the problem. As if a possible recession and declining consumer sentiment wasn’t enough to worry about, retail executives are struggling with increasing amounts of stock disappearing, or shrink in industry parlance. The problem was talked about more on retailer’s earnings calls this quarter than any quarter on record, according to transcript data compiled by Bloomberg. The nearly 200 mentions mark a quarter-on-quarter doubling.