While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession. Some see less painful remedies.
Category: United States Economy
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Job Openings Fell in February, JOLTS Report Shows
The data shows the job market continues to ease off its red-hot pace, but there are still more openings than unemployed workers in the country.
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Jamie Dimon’s Letter to JPMorgan Investors Warns of Banking Crisis ‘Repercussions’
In his annual letter to shareholders, the chief executive of JPMorgan Chase said regulations were partly to blame for the turmoil, although the economy remained in “pretty good” shape.
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Biden’s Reluctant Approach to Free Trade Draws Backlash
The New York Times – Business:A law intended to bolster clean energy manufacturing has ignited debate over whether the U.S. should work to break down international trade barriers — or keep them intact to protect American workers.
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The Week in Business: A Bank Takeover
The New York Times – Business:Regulators faced questions about their oversight in the wake of bank failures. The jobs numbers for March come out. And Donald Trump is expected to be arraigned.
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The Week in Business: A Bank Takeover
The New York Times – Business:Regulators faced questions about their oversight in the wake of bank failures. The jobs numbers for March come out. And Donald Trump is expected to be arraigned.
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Top Economist Leaves White House, and an Economy Not Yet ‘Normal’
The New York Times – Business:Cecilia Rouse says lingering effects of the coronavirus pandemic continue to haunt the recovery from recession — and drag on Americans’ optimism for the economy.
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The Fed’s Preferred Inflation Gauge Cooled Notably in February
The New York Times – Business:A closely watched measure of price increases provided encouraging news as the Fed considers when to stop raising rates.
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Do We Know How Many People Are Working From Home?
The New York Times – Business:New Labor Department numbers indicate that fewer Americans worked remotely last year. But many experts criticize the government’s data collection.
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Will Bank Turmoil Tank the Economy?
The New York Times – Business:One Federal Reserve official has suggested the trouble that Silicon Valley Bank touched off makes a recession more likely.