Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?
Category: United States Economy
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Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before
Jerome H. Powell, the Federal Reserve chair, said that the central bank was poised to leave interest rates on hold after surprisingly stubborn inflation.
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How China Got So Dominant in Cars and Solar
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere.
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How Biden’s Trade War With China Differs From Trump’s
The president is trying a targeted approach, with allies, to beat Beijing in the race to own the clean energy future. Those weren’t his predecessor’s goals.
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High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.
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What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.
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An Inflation Test Looms Over the Economy and the Election
The pivotal Consumer Price Index report is set to be published on Wednesday as the window for interest-rate cuts before November is closing.
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Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.
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Why Higher Fed Rates Are Not Totally Off the Table
Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them.
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Biden Looks to Thwart Surge of Chinese Imports
The president has proposed new barriers to Chinese electric vehicles, steel and other goods that could undermine his manufacturing agenda.
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Billions in Chips Grants Are Expected to Fuel Industry Growth, Report Finds
The United States will triple its domestic chip manufacturing capacity by 2032, the largest increase in the world, according to a report from the Semiconductor Industry Association.