A majority of those who backed President Biden in 2020 say today’s economy is fair or poor, ordinarily a bad omen for incumbents seeking re-election.
Category: Inflation (Economics)
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There’s a Lot Riding on Black Friday and Cyber Monday
The White House and economists will be closely watching the annual shopping events for insight into what the data says about the state of the consumer.
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Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation
The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.
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Black Friday Isn’t What It Used to Be
Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
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As Holiday Shopping Season Begins, Retailers Worry
Consumer spending has been strong in 2023 despite higher prices and waning savings. But some retailers have jitters heading into Black Friday.
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Fed Officials Thought Rates Could Rise More if Inflation Stayed Stubborn
Minutes from the Federal Reserve’s early November meeting suggested another rate increase remained possible, but officials were in no hurry.
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Fed Officials Thought Rates Could Rise More if Inflation Stayed Stubborn
Minutes from the Federal Reserve’s early November meeting suggested another rate increase remained possible, but officials were in no hurry.
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The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently
Americans are angry and anxious, and not just about prices, which may be driving economic sentiment more than their financial situations, economists said.
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A 30-Year Trap: The Problem With America’s Weird Mortgages
One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.
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The Fed’s Decisions Now Could Alter the 2024 Elections
The state of the economy will affect voting next November, and the Federal Reserve may find itself in a delicate position, our columnist says.
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Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season
Consumers have bucked expectations despite high inflation and interest rates, but retailers worry whether they can keep it up through the end of the year.