Minutes from the Federal Reserve’s Jan. 30-31 meeting showed policymakers thought that risks of an inflation pickup had “diminished.”
Category: United States Economy
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U.S. Economy: Has an Era of Increased Productivity Returned?
The last time the U.S. economy was posting surprising economic growth numbers was 1994. Economists see parallels that make them think it could happen again.
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Will Food Prices Stop Rising Quickly? Many Companies Say Yes.
Food companies are talking about smaller price increases this year, good news for grocery shoppers, restaurant diners and the White House.
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Walmart Reports Rising Holiday Sales as Shoppers Seek Value
The number of transactions at the retail giant rose 4.3 percent but the average ticket price decreased by 0.3 percent, a sign that shoppers spent a little less during shopping trips.
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Wall Street Is Already Placing Bets on the Biden-Trump Rematch
Traders and strategists are thinking about all the ways that November’s election could alter the mood in markets.
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For Michigan’s Economy, Electric Vehicles Are Promising and Scary
In a presidential battleground state, electric vehicles have emerged as a contested piece of the economic future — a job-killer or a job-creator.
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U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries
The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.
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Three Lessons From a Surprisingly Resilient Job Market
The recovery from the pandemic lockdowns has prompted economists to consider whether their playbook is outdated or just missing a page.
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A Hot CPI Report Forces a Rethink of Chances of a Soft Landing
Worries of higher-for-longer interest rates have grown since Tuesday’s Consumer Price Index report.
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Can America Turn a Productivity Boomlet Into a Boom?
After drooping in 2022, the output of U.S. businesses per worker has surged. Economists wonder if the trend can continue, and who will benefit most.
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Inflation Was Higher Than Expected in January, a Worrying Sign for the Fed
Overall prices cooled slightly from a year ago, but the report included worrying signs for the Federal Reserve.
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This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.
Generous subsidies are helping the United States steal green industries from Europe, as countries race to secure the energy supplies of the future.