The Federal Reserve has warned for months that wrestling rapid inflation back to a normal pace was likely to be a bumpy process, a reality underscored by fresh data on […]
United States Economy
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Back to news homeWill Inflation Keep Slowing? The Key Areas to Watch
President Biden has openly celebrated recent inflation reports, and Federal Reserve officials have also breathed a sigh of relief as rapid price gains show signs of losing steam.But the pressing […]
Factories May Be Leaving China, but Trade Ties Are Stronger Than They Seem
The United States has spent the past five years pushing to reduce its reliance on China for computer chips, solar panels and various consumer imports amid growing concern over Beijing’s […]
U.S. and China Agree to Broaden Talks in Bid to Ease Tensions
The United States and China agreed on Monday to hold regular conversations about commercial issues and restrictions on access to advanced technology, the latest step this summer toward reducing tensions […]
What China’s Economic Woes May Mean for the U.S.
The news about China’s economy over the past few weeks has been daunting, to put it mildly.The country’s growth has fallen from its usual brisk 8 percent annual pace to […]
U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumers power the U.S. economy, and their capacity to spend has repeatedly defied predictions. In early 2020, after a short but severe recession caused by the pandemic, consumers splurged on […]
Fed Chair Powell in Jackson Hole: Inflation Fight Isn’t Over
Jerome H. Powell, the chair of the Federal Reserve, pledged during a closely watched speech that his central bank would stick by its push to stamp out high inflation “until […]
Why the Stock Market’s Summer Doldrums Are Not a Problem
That’s why, as a second-best alternative, I hope for something more modest: a choppy market that experiences periodic downturns, but one that trends upward for very long periods.The Stock Market’s […]
How the Jackson Hole Conference Became an Economic Obsession
Filmmakers have Cannes. Billionaires have Davos. Economists? They have Jackson Hole.The world’s most exclusive economic get-together takes place this week in the valley at the base of the Teton mountains, […]
In a Hot Job Market, the Minimum Wage Becomes an Afterthought
Under New Hampshire law, Janette Desmond can pay the employees who scoop ice cream and cut fudge at her Portsmouth sweet shop as little as $7.25 an hour.But with the […]