The United Nations has a new plan for weighing economic gains alongside health and environmental progress. But consensus is elusive.
Category: United States Economy
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Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began
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.
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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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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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The Villain of This Year’s Commencement Speeches: A.I.
College students have interrupted graduation ceremonies to voice their fears about artificial intelligence. They’re not the only ones who are worried.