Higher energy prices caused by the war with Iran could affect more than just prices at the pump for American consumers.
Category: United States Economy
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The Oil Price Shock Could Make Italian Ice More Expensive
The New York Times – Business: -
Covid Relief Loans Are Haunting Small Businesses
The New York Times – Business:The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.
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College Graduates Are Facing the Grimmest Job Market in Years
The New York Times – Business:Artificial intelligence could reshape work, but for now a low-hire, low-fire labor market is the main impediment for young people seeking employment.
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Trump Sets Up ‘Pax Silica’ Fund to Reduce Global Dependencies
The New York Times – Business:Trump officials said on Monday that the war in Iran had emphasized the need to reduce vulnerabilities for energy and technology.
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Trump Sets Up ‘Pax Silica’ Fund to Reduce Global Dependencies
The New York Times – Business:Trump officials said on Monday that the war in Iran had emphasized the need to reduce vulnerabilities for energy and technology.
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Fed Official Urges Caution on Rate Cuts as Iran War Drags On
The New York Times – Business:Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
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The U.S. Economy Is Insulated From High Oil Prices. Americans Aren’t.
The New York Times – Business:The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.
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Iran War Narrows Fed’s Path to a Rate Cut
The New York Times – Business:Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.
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The Effects of High Oil Prices
The New York Times – Business:Our chief economics correspondent, Ben Casselman, breaks down how gasoline prices have responded to the oil crisis in the Persian Gulf, and what is in store for inflation if the price of oil remains above $100 per barrel.
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The Markets Contend with Powell’s Long Goodbye at the Fed
The New York Times – Business:The chair of the Federal Reserve said that he might not leave the central bank any time soon, setting up a potential clash with President Trump.
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The Best We Should Hope For From the Fed: Nothing
The New York Times – Business:A rate cut in the next few months could signal major problems in the economy.