The term refers to what we have internalized as the fair price for a product or service. It’s often out of sync with what things now actually cost.
Category: United States Economy
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The Jobs Report on Friday May Be a Fluke and a Political Football
Economists expect the October data to show unusually weak job creation. But hurricanes and strikes may account for much of the shortfall.
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The Fed’s Preferred Inflation Gauge Cooled Overall in September
Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.
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The Other Trump Trade That Worries Markets
Robert Lighthizer, who was a huge influence on Donald Trump’s protectionist trade policy, is again a candidate for a top role if the Republican wins next week.
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Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?
Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.
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Walmart Holiday Shopping Plans Are Laid Months Before Black Friday
To prepare for ever-longer shopping season, thousands of employees were assembled for a retail jamboree in Florida’s August heat.
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Polls Show Trump’s Edge Shrinking on Voters’ Top Issue: The Economy
It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?
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Can Democrats Win Back Voters From Trump on Trade Policy?
The Biden administration has pursued a big shift in trade policy, but it’s not clear whether that will be enough to win votes.
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GDP Report Shows US Economy Grew at 2.8% Rate
In a key economic report released just days before the presidential election, growth was again driven by robust consumer spending.
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Trump’s Vast Tariffs Would Rock Global Businesses and Shake Alliances
Economists said Donald Trump’s plan to return trade barriers to levels not seen in generations would be “a grenade thrown in the heart” of the international system.
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Have Paychecks Kept Up With the Cost of Living?
On average, wages have risen faster than prices in recent years. But not all Americans are getting ahead.
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Global Economic Leaders Confront a New Era of Industrial Policy
Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.