As negotiations over the debt limit continue in Washington and the date on which the U.S. government could be forced to stop paying some bills draws closer, everyone involved has […]
United States Economy
Trending topics and news from the United States Economy category
Back to news homeInflation Persists and Car Prices Are a Big Reason
‌Car prices soared after the coronavirus lockdowns, and two years into the United States’ worst inflationary episode since the 1980s, the industry demonstrates that getting back to normal will be […]
How the G7 Oil Price Cap Has Helped Choke Revenue to Russia
In early June, at the behest of the Biden administration, German leaders assembled top economic officials from the Group of 7 nations for a video conference with the goal of […]
The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners
An intergenerational transfer of wealth is in motion in America — and it will dwarf any of the past.Of the 73 million baby boomers, the youngest are turning 60. The […]
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds
It’s come to this.Because of the debt ceiling crisis, a corner of the financial markets sees the U.S. government as a riskier borrower over the next month or so than […]
U.S. Employers Added 253,000 Jobs Despite Economic Worries
The labor market is still defying gravity — for now.Employers added 253,000 jobs in April on a seasonally adjusted basis, the Labor Department reported Friday, in a departure from the […]
Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
Wage growth ticked up in April, good news for American workers but bad news for officials at the Federal Reserve, who have been hoping to see a steady moderation in […]
Powell Bets the Fed Can Slow Inflation Despite Recession Fears
The Federal Reserve’s push to slow the economy and bring inflation under control is often compared to an airplane descent, one that could end in a soft landing, a bumpy […]
Fed Raises Interest Rates But Hints at Future Pause
Federal Reserve officials raised interest rates by a quarter-point on Wednesday, the 10th straight increase in an aggressive campaign to tame rapid inflation. But they also opened the door to […]
Fed Expected to Raise Interest Rates: What to Know
Follow live updates as Federal Reserve officials release a rate decision.Federal Reserve officials are set to release an interest rate decision on Wednesday afternoon, and while investors widely expect policymakers […]