Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.
Category: United States Economy
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Retail Sales Were Up 1% in July, Easing Concerns About the Economy
Sales were up 1 percent in July from the previous month. The rise was slimmer when autos and gasoline were excluded, but market reaction was favorable.
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The economy moves center stage in the election
Inflation is cooling but hiring is slowing as Kamala Harris and Donald Trump fine tune their pitch to voters.
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Walmart Sees Higher Sales From Picky Shoppers
The retail giant raised its forecasts as it attracted bargain-hunting shoppers strained by inflation, drawing in high-income households in particular.
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Inflation Progress Cheers Biden and Democrats
Soaring prices have been a political albatross for the Biden administration.
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Cooling inflation ‘ticks the box’ for a Fed rate cut.
Federal Reserve policymakers are expected to cut interest rates at their meeting next month, but policymakers will be watching fresh inflation data ahead of the decision.
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Kamala Harris Set to Lay Out Economic Agenda in North Carolina Speech
The vice president is expected to recalibrate President Biden’s policy themes in a bid to turn the Democratic economic agenda into an asset.
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Inflation Report Is Next Hurdle for Stock Markets Shaken by Volatility
A sharper-than-expected rise or fall in the Consumer Price Index could intensify worries on Wall Street about the economy’s prospects.
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How Food Prices Have Changed During the Biden Administration
Grocery prices are no longer rising as rapidly, but food inflation remains a top issue for voters, polls show.
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The Big Number: $8.4 Billion
Disney’s weaker-than-expected revenue at its theme park unit.
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Trump’s Tax Plan Could Add to the National Debt. Harris’s Is a Mystery
The former president’s proposals to cut taxes would lose far more revenue than his plans to raise tariffs. The vice president has not addressed fiscal policy in detail.
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After Stock Market’s Wild Week, Wall Street Wonders What’s Next
Investors now have a factor to consider beyond the pace of inflation: Could the next sign of sputtering economic growth send stocks into a tailspin?