Investors are anxiously awaiting Jerome Powell’s policy speech at a symposium in Jackson Hole, Wyo. on Friday, as labor data suggests the economy is slowing.
Category: United States Economy
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Powell Faces Economic Crossroads as He Prepares to Speak at Jackson Hole
Jerome Powell, the Federal Reserve chair, will deliver remarks as inflation cools and growth holds up — but as labor market weakening threatens to interrupt the soft landing.
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Trump May Claim Credit for Stock Surges, but the Reality Is Far More Complicated
On Wall Street, claims that a president is responsible for the fate of the stock market are largely dismissed as bluster.
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While the Public Awaited Jobs Data, Wall Street Firms Got a Look
A report was delayed on the Bureau of Labor Statistics website, but some investors got it in the meantime, raising new questions about agency practices.
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Fed Minutes Show a Cut ‘Likely’ to Come in September
Even before a disappointing July jobs report, Federal Reserve officials thought they would probably cut rates at their Sept. 17-18 meeting.
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Harris’s Price-Gouging Ban: Price Controls or No Quick Effect?
The plan does not appear to amount to government price controls. It also might not bring down grocery bills anytime soon.
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U.S. Added 818,000 Fewer Jobs Than Reported Earlier
The Labor Department issued revised figures for the 12 months through March that point to greater economic fragility.
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What Business Wants to Learn About Kamala Harris’s Policies
Heading into the Democratic National Convention, many of the vice president’s policies have yet to be explained. Corporate leaders hope that will change.
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Harris and Trump Offer a Clear Contrast on the Economy
Both candidates embrace expansions of government power to steer economic outcomes — but in vastly different areas.
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The Big Number: 2.9%
The rate of inflation in July on a yearly basis.
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Kamala Harris’s War on Prices Hits the Campaign Trail
Vice President Kamala Harris is expected to make her pitch on Friday for tackling America’s affordability crunch, but many economists are skeptical.
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U.S. Awards $1.6 Billion to Texas Instruments to Build Semiconductor Plants
The funding stems from the bipartisan CHIPS Act, which aims to bolster the production of critical semiconductors in the United States.