We fact-checked claims about inflation, jobs and tax policy from both presidential candidates.
Category: United States Economy
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New Home Construction Slows as Mortgage Rates Remain High
Home building in May fell to its slowest pace in four years despite a supply shortage. That trend could put even greater strain on buyers.
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The Weird Housing Market, in 5 Charts
Home prices have held up better than expected amid high interest rates. But that doesn’t mean the housing market is healthy.
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U.S. Debt on Pace to Top $56 Trillion Over Next 10 Years
Congressional Budget Office projections released on Tuesday show a grim fiscal backdrop ahead of tax and debt limit fights.
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Biden’s Stimulus Juiced the Economy, but Its Political Effects Are Muddled
Some voters blame the American Rescue Plan for fueling price increases. But the growth it unleashed may be helping the president stay more popular than counterparts in Europe.
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Can A.I. Answer the Needs of Smaller Businesses? Some Push to Find Out.
Artificial intelligence tools like ChatGPT are finding widest use at big companies, but there is wide expectation that the impact will spread.
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3.3%
The rate of inflation in May over the previous year.
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Why Investors Don’t Believe the Fed
Markets appear to be dismissing the central bank’s more pessimistic take on inflation, as the S&P 500 nears a new high.
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The Fed Holds Rates Steady and Predicts Just One Reduction This Year
Federal Reserve officials signaled that interest rates could stay higher this year as policymakers pause to ensure they’ve stamped out inflation.
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How to Read the Fed’s Projections Like a Pro
The Federal Reserve is expected to leave rates unchanged on Wednesday. But Wall Street is focused on what comes next.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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Housing Costs Cool, but Remain a Source of Concern
Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.