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Economy

Hot Inflation Report Derails Case for Fed June Rate Cut

By Sam Goldfarb and Nick Timiraos Stubborn inflation pressures persisted in March, derailing the case for the Federal Reserve to begin reducing interest rates in June and raising questions over whether it can deliver cuts this year without signs of an economic slowdown. The consumer-price index, a measure of goods and services prices across the economy, rose 3.5% in […]

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Economy

IMF Chief Warns Central Banks Against Cutting Too Soon

By Paul Hannon Central banks should resist the temptation to lower their key interest rates too early and risk a resurgence of inflation and a fresh bout of policy tightening, the head of the International Monetary Fund said Thursday. In a speech ahead of a twice-yearly gathering of economic policy makers from around the world next […]

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Boston Eyes Commercial Tax Hike to Counter Office Market Dip

By Brooke Sutherland and Sri Taylor Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a temporary increase of the city’s tax-rate ceiling for commercial properties relative to residential levies. The proposal aims to redistribute the tax burden […]

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