Gross domestic product expanded at a 4.9 percent annual rate over the summer, powered by prodigious consumer spending. But the pace is not expected to be sustained.
Category: United States Economy
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What’s Going On in the Bond Market?
The rapid rise in interest rates in recent months has shaken investors and cast a cloud over the economy.
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Biden Seeks to Tame Oil Prices if Mideast Conflict Sends Them Soaring
The president has previously drawn down the Strategic Petroleum Reserve to ease price pressures, but that could be more difficult now
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New Normal or No Normal? How Economists Got It Wrong for 3 Years.
Economists first underestimated inflation, then underestimated consumers and the labor market. The key question is why.
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How High Interest Rates Sting Bakers, Farmers and Consumers
Everyone who relies on credit in America is confronting a new reality: Money will cost more for a good long while.
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Treasury Report Shows $1.7 Trillion Deficit
The widening gap between what the government spends and what it earns comes as Congress continues to spar over the proper levels of federal spending.
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Investors Fret as Daunting Bond Market Milestone Comes Into View
The 10-year U.S. Treasury yield has threatened to break above 5 percent for the first time in 16 years, rattling the markets.
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Middle East Conflict Threatens Global Economic Growth
Oil prices climbed again on Friday as armed clashes intensify in Israel and, increasingly, beyond.
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The Federal Deficit Is Growing. This Is Why.
Tax receipts dipped unexpectedly last year. The Biden administration blames Republican tax cuts, but the truth is more complicated.
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American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
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For Bill Ford, ‘Every Negotiation Is a Roller Coaster’
The executive chairman of Ford Motor counsels patience as his company negotiates with the United Automobile Workers union, which has shut three of his company’s plants.
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Bill Ford Says U.A.W. Strike Is Helping Tesla and Toyota
Mr. Ford, the executive chairman of Ford Motor, said nonunion automakers would make gains against Michigan automakers because of strikes by the United Automobile Workers union.