Category: United States Economy

Economists Warn a Summer of Fun Could Lead to Autumn Pain

Consumers are splurging on expensive but fun experiences, from nights out to concerts — and that may force central banks to keep raising rates.
Student Loan Pause Is Ending, With Consequences for Economy

Three years of relief from payments on $1.6 trillion in student debt allowed for other borrowing and spending — and will shift into reverse.
Fed Chair Sees ‘Long Way to Go’ on Inflation Fight

Jerome H. Powell, the chair of the Federal Reserve, is set to tell House lawmakers that most central bank officials expect rates to rise further.
Inflation Has Eased, but Economists Are Still Worried

Inflation has come down from its 2022 heights, but economists are worried about its stubbornness.
Inflation Has Eased, but Economists Are Still Worried

Inflation has come down from its 2022 heights, but economists are worried about its stubbornness.
Why What We Thought About the Global Economy Is No Longer True

While the world’s eyes were on the pandemic, the war in Ukraine and China, the paths to prosperity and shared interests have grown murkier.
U.S. National Debt Tops $32 Trillion for First Time

The milestone follows a recent congressional showdown over lifting the debt ceiling. Another spending fight looms this year.
UPS Workers Authorize Teamsters Union to Call Strike

A walkout is possible after the contract for more than 325,000 workers expires this summer. Negotiations began in April but have yet to resolve pay.
UPS Workers Authorize Teamsters Union to Call Strike

A walkout is possible after the contract for more than 325,000 workers expires this summer. Negotiations began in April but have yet to resolve pay.
Fed Leaves Rates Steady but Forecasts More Moves to Come

Central bankers have lifted rates at the fastest pace since the 1980s, but now they’re taking time to survey how the changes are working.
‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.

The banks at the center of the recent crisis, like Western Alliance, are engaged in collective soul-searching.
Federal Reserve’s June Meeting: What to Watch

Central bankers are expected to leave interest rates unchanged on Wednesday, but the decision is an unusual nail-biter. Also: Keep an eye on the economic forecasts.