Posted on

Pandemic-Era ‘Excess Savings’ Are Dwindling for Many

In a commentary published on a Federal Reserve Bank of New York blog in April, four economists argued that “although large by historical standards, the savings accumulated by U.S. households […]




Posted on

Biden Says Spending Bill Will Slow Inflation. But When?

Rocketing inflation has become a headache for U.S. consumers, and President Biden has a go-to prescription. He says a key way to help relieve increasing prices is to pass a […]




Posted on

Chip Shortage Makes Big Dent in Automakers’ U.S. Sales

Four of the biggest sellers of cars and trucks in the United States said Friday that their sales had plunged recently, reflecting the intense squeeze that a global semiconductor shortage […]







Posted on

Could This Covid Wave Reverse the Recovery? Here’s What to Watch.

The spread of the Delta variant has delayed office reopenings, disrupted the start of school and generally dashed hopes for a return to normal after Labor Day. But it has […]




Posted on

Biden’s New Vaccine Push Is a Fight for the U.S. Economy

WASHINGTON — President Biden’s aggressive move to expand the number of vaccinated Americans and halt the spread of the Delta variant is not just an effort to save lives. It […]




Posted on

The Economy Is Booming but Far From Normal, Posing a Challenge for Biden

The American economy is growing at its fastest clip in a quarter-century, yet it remains far from normal, with some workers and small-business owners facing increasingly tough times while others […]




Posted on

Electric Cars for Everyone? Not Unless They Get Cheaper.

The people here are not Hollywood stars or billionaire tech entrepreneurs who might own Ferraris and private jets. But they are well off. The median household income in the area […]







Posted on

Consumer Spending Was a Big Factor in G.D.P. Expansion

Consumers are fueling the economic recovery.Consumer spending rose 2.8 percent in the second quarter, helping to offset declines in other parts of the economy. Spending on services was particularly robust […]