The president used his State of the Union address to plug his economic record and, and announce a policy wish list that involves raising taxes on multinationals and the wealthy.
Category: United States Economy
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The jobs report comes as the Fed considers the timing of interest rate cuts.
The Federal Reserve is primarily watching progress on inflation as it contemplates its next steps, but it is also keeping an eye on the labor market.
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Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
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Inflation Fears Stalk Presidential Politics and the Markets
Lawmakers on Capitol Hill are set to grill Jay Powell, the Fed chair, about interest rates and the economy, topics that are top of mind for voters and investors alike.
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Brighter Economic Mood Isn’t Translating Into Support for Biden
Voters feel slightly better about the economy as inflation recedes, but partisan divides remain deep, a Times/Siena poll found.
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Trump’s Tax Cut Fueled Investment but Did Not Pay for Itself, Study Finds
The most detailed research yet on corporate response to the 2017 Republican tax law shows modest gains for workers and high cost to the federal debt.
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How 33-Year-Olds, the Peak Millennials, Are Shaping the U.S. Economy
Meet the 1990 and 1991 babies, a massive microgeneration in lifelong competition for America’s economic resources, reshaping the world around them.
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Unemployment Casts a Shadow Over California’s Economy
Tech layoffs, fallout from Hollywood strikes and an uptick in rural joblessness challenge a state with one of the nation’s highest unemployment rates.
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High Mortgage Rates Leave Biden Searching for Housing Relief
The president and his team are seeking ways to help Americans afford to rent and buy homes, as high borrowing costs dampen views of the economy.
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Shrinkflation 101: The Economics of Smaller Groceries
Have you noticed your grocery products shrinking? Here’s how that gets counted — and what gets missed — in inflation data.