It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.
Category: United States Economy
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
Has the Spread of Tipping Reached Its Limit? Don’t Count on It.
Both major presidential candidates propose exempting tips from taxes. That could encourage more reliance on tipping, and leave workers vulnerable.
Fed’s Preferred Inflation Measure Cooled Overall in June
The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.
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.
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.
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.
Kamala Harris Blames ‘Price Gouging’ for Grocery Inflation. Here’s What Economists Say.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.
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?
To Avoid an Economic Recession, Consumer Spending Is Key
Consumer spending has powered the economic recovery from the pandemic shock. Now wallets are thinner, and some businesses are feeling the difference.