Inflation has been slowing swiftly, and fresh data showed that a core price gauge fell below 3 percent for the first time in years last month.
Category: United States Economy
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Yellen Hits Trump Over Handling Of Economy
The Treasury Secretary acknowledged that consumer prices, which have weighed on economic sentiment, continue to be too high.
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New Home Sales Continue to Grow
As owners remain reluctant to put their properties on the market, developers are rushing to build new homes to meet demand.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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‘We’re All Climate Economists Now’
With climate change affecting everything from household finances to electric grids, the profession is increasingly focused on how society can mitigate carbon emissions and cope with their impact.
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Brainard Pitches Biden’s Economic Efforts In Hard-Hit Regions
Lael Brainard, the National Economic Council director, contends the administration deserves credit for recent gains in areas battered by past job losses.
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Americans’ Economic Confidence Is Returning. Will Biden Benefit?
The White House is embracing a nascent uptick in economic sentiment. It is likely good news — but how it will map to votes is complicated.
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The U.S. Seems to Be Dodging a Recession. What Could Go Wrong?
Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, risks remain.
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Stocks Are in a Bull Market. What Does That Mean?
It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street.
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Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes
The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.
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What’s in the New Tax Deal?
Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.
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A Fed Governor Reiterates That Rate Cuts Are Coming
Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain.