Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.
Category: United States Economy
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Will Billions More in New Aid Save Family Farms?
The Biden administration aims to better support small farmers while still aiding big operations and rewarding climate-friendly practices. It’s a tall order.
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Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted as Inflation.
Skyrocketing premiums are hitting homeowners hard, but they barely factor into common price measures.
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Biden Doesn’t Want You Buying an E.V. From China. Here’s Why.
The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.
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How China Pulled So Far Ahead on Industrial Policy
The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing.
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Big Sky, Big Growth: How Montana’s Newcomers Are Shaping Its Senate Duel
Out-of-state transplants, drawn during the pandemic by the Mountain West’s allure, have caused prices to soar and created new uncertainty in the state’s crucial Senate race.
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What Trump 2.0 Could Mean for the Federal Reserve
A second Trump administration could shake up personnel and financial regulation at America’s central bank, people close to his campaign said.
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Fed Minutes Show Officials Were Wary About Inflation at May Meeting
Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes from their most recent meeting suggested.
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Businesses in D.C. Blame the Government for the District’s Empty Offices
Workers in Washington have returned to the office slowly, with a pervasive and pronounced effect on the local economy.
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Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds
The Federal Reserve’s 2023 survey on household financial well-being found Americans excelling in the job market but struggling with prices.