As data centers gobble up memory chips, other industries that need the components, including electronics companies like Apple and medical device makers, are asking for government help.
Category: Inflation (Economics)
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Labor Market Shifts Into Reverse as Employers Balk at Hiring
The New York Times – Business:A spring surge rapidly faded as the summer brought higher prices and more uncertainty for businesses, even as they avoided layoffs.
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Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise
The New York Times – Business:Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central bank’s 2 percent target.
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Bessent Declares Widening Gap Between Rich and Poor ‘Dead’
The New York Times – Business:Despite data to the contrary, the Treasury Secretary made the case that the K-shaped economy no longer exists.
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Warsh Wanted ‘Regime Change.’ Markets Are Demanding a Reset.
The New York Times – Business:After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.
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How the War in Iran Is Complicating Trump’s Agenda at Home
The New York Times – On the Runway:As President Trump heads to the West Coast to talk to Americans about the economy, the war in Iran is driving up costs and polls show the already unpopular conflict is losing support.
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Here’s Why the US Is Helping Prop Up the Japanese Yen
The New York Times – Business:The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
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Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
The New York Times – Business:Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
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Europe Is Caught Between Low Gas Reserves and Rising Prices From Iran War
The New York Times – Business:Across Europe, reserves of natural gas for use in the winter months are lagging, meaning continued higher prices for households and businesses.
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Plug-In Solar Panels Are Starting to Sprout in U.S. Backyards
The New York Times – Business:Ten U.S. states have legalized systems that can be plugged into standard wall outlets. The technology typically does not require permits or electricians.
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Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance
The New York Times – Business:The yield on government bonds, which underpins borrowing costs from mortgages to business loans, remained elevated over concerns about the Federal Reserve’s efforts to contain inflation.
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A key inflation measure eased in June during a pause in the war with Iran.
The New York Times – Business:Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.