Category: United States Economy

Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices

The New York Times – Business:
The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting

The New York Times – Business:
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
Is the Bond Market Signaling Danger? Or Opportunity?

The New York Times – Business:
Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
Worried About War’s Impact, Bond Investors Push Rates to Highest Level Since 2007

The New York Times – Business:
The 30-year U.S. Treasury yield hasn’t been this high since the lead up to the global financial crisis. Across Europe and Asia, yields are also elevated.
Inflation Fears Cloud G7 Economic Agenda as Iran War Persists

The New York Times – Business:
The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92

The New York Times – Business:
He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.
The Villain of This Year’s Commencement Speeches: A.I.

The New York Times – Business:
College students have interrupted graduation ceremonies to voice their fears about artificial intelligence. They’re not the only ones who are worried.
G7 Finance Ministers Look to Contain Iran Economic Fallout

The New York Times – Business:
Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.
G7 Finance Ministers Look to Contain Iran Economic Fallout

The New York Times – Business:
Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.
Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects

The New York Times – Business:
With the midterms nearing, President Trump’s approval rating has hit a second-term low as voters question his handling of the economy, according to the latest New York Times/Siena poll.
For Trump, Soaring Prices Test Voters’ Finances and Patience

The New York Times – Business:
Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.
As Powell Steps Down, the Fed Confronts ‘Regime Change’

The New York Times – Business:
Jerome H. Powell is passing the chair’s baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump’s pick says needs an overhaul.