The United States wants to persuade China to dial back its green energy industrial strategy as the Biden administration subsidizes its own supply chain.
Category: United States Economy
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Fed Chair Powell Wants Inflation to Cool More
Jerome H. Powell, the Federal Reserve chair, said officials can take their time cutting rates. He also underscored the Fed’s independence as election season heats up.
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Biden and Corporate America? It’s ‘Complicated.’
The president has courted executives with long listening sessions and sustained outreach, but frustrated many with his tax plans and regulations.
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Will A.I. Boost Productivity? Companies Sure Hope So.
Economists doubt that artificial intelligence is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.
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Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates
Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s political independence.
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Why It’s So Expensive to Live in Phoenix
Arizona is a presidential election battleground state, and a dire shortage of affordable housing there is sowing economic anxiety among voters.
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A Key Inflation Gauge Hovers Above Fed’s Target
The Fed’s preferred inflation gauge was relatively stable on an annual basis, the latest reminder that bringing inflation down is a bumpy process.
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S&P 500 Surges to Start the Year
The S&P 500, rising 10 percent, set the pace as investors looked forward to interest rate cuts.
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Investors Pour Money Into Wall St. as Stocks Set New Highs
The influx of cash reflects optimism about the economy and company earnings despite high interest rates and stubborn inflation.
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In the Markets, a Tug of War Between Big Tech and the Fed
On Wall Street, excitement about A.I. outweighs concern about interest rates. But rocketing stocks could make it tough for the Federal Reserve to cut rates.