Polls show voters are angry about costs, like mortgages, and worried they will stay high if the president wins re-election.
Category: United States Economy
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Could the Union Victory at VW Set Off a Wave?
Some experts say the outcome at a plant in Chattanooga, Tenn., may be organized labor’s most significant advance in decades. But the road could get rockier.
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‘It’s Clearly Bleak’: Stocks Set for Longest Losing Streak in Months
A rally at the start of the year has given way to worries about economics and geopolitics on Wall Street.
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U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.
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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.