The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Category: Inflation (Economics)
-
Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
The New York Times – Business: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.
-
For Trump, Soaring Prices Test Voters’ Finances and Patience
The New York Times – Business:Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.
-
Stock Market Rally Confronts Inflation and Higher Interest Rates
The New York Times – Business:Despite accelerating inflation and possible interest rate increases, the S&P 500 has posted a long weekly winning streak, driven by strong corporate earnings. Can it last?
-
Oil Prices Climb on Fears of Broader Energy Crunch
The New York Times – Business:Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
-
Consumers Spent More in April Despite High Gas Prices
The New York Times – Business:Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain.
-
Oil Prices Rise as Trump Meets China’s Xi
The New York Times – Business:The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
-
Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer
The New York Times – Business:Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.
-
Federal Reserve Turns Focus to Inflation as Job Market Stabilizes
The New York Times – Business:April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.