Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.
Category: United States Economy
Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season
Consumers have bucked expectations despite high inflation and interest rates, but retailers worry whether they can keep it up through the end of the year.
An Optimistic Inflation Report Reduces Pressure on the Fed to Raise Rates
Central bankers have been debating whether a final rate move is needed. A cooler-than-expected October inflation report may take the heat off.
Polluting Industries Say the Cost of Cleaner Air Is Too High
As the Biden administration prepares to toughen air quality standards, health benefits are weighed against the cost of compliance.
A New Law Supercharged Electric Car Manufacturing, but Not Sales
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Automakers Delay Electric Vehicle Spending as Demand Slows
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
Fed Holds Interest Rates Steady and Pledges to Proceed Carefully
The Federal Reserve left interest rates at 5.25 to 5.5 percent, but its chair, Jerome Powell, said policymakers could still raise rates again.
Drought Saps the Panama Canal, Disrupting Global Trade
The number of ships that can travel through the vital route has fallen sharply this year because of a lack of water for the locks, raising costs and slowing deliveries.
American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
Yellen May Face Questions in Morocco Over U.S. Dysfunction
Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.