The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates would stay high for longer.
Category: United States Economy
The Fed Tries to Steer Clear of Politics, but Election Year Is Making It Tough
Economists are wondering whether political developments could play into both the Fed’s near-term decisions and its long-term independence.
Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.
With Inflation This High, Nobody Knows What a Dollar Is Worth
Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says.
The Race to Reroute Goods From Baltimore: Trains, Trucks and Tractors
Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.
Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover
Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.
Is the Boom-and-Bust Business Cycle Dead?
There is a growing view that the U.S. business cycle has changed (for better) in a more diversified economy. To some, that sounds like tempting fate.
Biden and Corporate America? It’s ‘Complicated.’
The president has courted executives with long listening sessions and sustained outreach, but frustrated many with his tax plans and regulations.
Why It’s So Expensive to Live in Phoenix
Arizona is a presidential election battleground state, and a dire shortage of affordable housing there is sowing economic anxiety among voters.
In the Markets, a Tug of War Between Big Tech and the Fed
On Wall Street, excitement about A.I. outweighs concern about interest rates. But rocketing stocks could make it tough for the Federal Reserve to cut rates.