Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.
Category: United States Economy
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Powell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.
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I.M.F. Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.
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Markets Brace for Israel’s Next Move
Global equities and oil prices were stable following Iran’s missile and drone attack on Israel, but analysts warn that the calm may not last.
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A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
On a scale not seen in decades, many Americans are stuck in homes they would rather leave.
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Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.
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3 Facts That Help Explain a Confusing Economic Moment
The path to a “soft landing” doesn’t seem as smooth as it did four months ago. But the expectations of a year ago have been surpassed.
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Stocks Suffer Sharpest Weekly Decline of 2024
Investors had been put on edge by a stronger-than-expected inflation report earlier in the week. Rising tension in the Middle East heading into the weekend gave them another reason to retreat.
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Trump or Biden? The Stock Market Doesn’t Care.
Prediction markets say former President Donald J. Trump has a good chance of winning. So far, the stock market is fine with that.
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Dimon Warns of ‘Unsettling’ Pressures as JPMorgan Reports Earnings
Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.
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Inflation Comes for the Housing Market
Prices and mortgage rates are climbing as Wall Street bets that interest rates will remain higher for longer.
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Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.
A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.