Category: United States Economy

Americans Are Feeling Better About the Economy, Consumer Survey Shows

The New York Times – Business:
Consumer sentiment rose in recent weeks after plummeting early this year as energy costs soared.
Oil Prices Return to Prewar Levels After Four Months

The New York Times – Business:
The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
Inflation Accelerated in May as Iran War Pushed Up Prices

The New York Times – Business:
A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices.
U.S. Inflation Problems Are Far From Over

The New York Times – Business:
The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs.
In Alan Greenspan, Kevin Warsh Saw a Fed Chairman Role Model

The New York Times – Business:
Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
Egg Prices Are Way Down, but That’s Hurting Farmers

The New York Times – Business:
An oversupply of hens has lowered wholesale egg prices. But consumers may not reap the full benefits because of producer contracts and higher costs.
G.D.P. Is a Flawed Measure of Prosperity. Alternatives Are On the Way.

The New York Times – Business:
The United Nations has a new plan for weighing economic gains alongside health and environmental progress. But consensus is elusive.
Mortgage Rates, Now 6.5%, Hit Highest Level Since War Began

The New York Times – Business:
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.
Retailers Say Squeezed Shoppers Are Focused on Deals

The New York Times – Business:
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.
Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices

The New York Times – Business:
The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting

The New York Times – Business:
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.
Is the Bond Market Signaling Danger? Or Opportunity?

The New York Times – Business:
Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.