The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.
Category: Inflation (Economics)
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Retailers Say Squeezed Shoppers Are Focused on Deals
Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
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Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices
The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.
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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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Is the Bond Market Signaling Danger? Or Opportunity?
Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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Worried About War’s Impact, Bond Investors Push Rates to Highest Level Since 2007
The 30-year U.S. Treasury yield hasn’t been this high since the lead up to the global financial crisis. Across Europe and Asia, yields are also elevated.
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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.
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For Trump, Soaring Prices Test Voters’ Finances and Patience
Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.