Tag: Recession and Depression
Biden Seeks Price Cap on Russian Oil Amid Fears of Gas Shock
WASHINGTON — Relief at the gas pump coupled with this past week’s news that businesses continue to hire…
U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears
The U.S. economy powered through June with broad-based hiring on par with recent months, keeping the country clear…
Strong Wage and Jobs Growth Keeps Fed on Track for Big Rate Increase
A surprisingly robust June employment report reinforced that America’s labor market remains historically strong even as recession warnings…
Gas Prices Around the World Threaten Livelihoods and Stability
“NO ES SUFICIENTE” — It’s not enough. That was the message protest leaders in Ecuador delivered to the…
Highest Mortgage Rates Since 2008 Housing Crisis Cool Sales
For the past two years, anyone who had a home to sell could get practically any asking price.…
Fed Confronts a ‘New World’ of Inflation
Federal Reserve officials are questioning whether their longstanding assumptions about inflation still apply as price gains remain stubbornly…
Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise
“The hunger of children is not a necessary cost to pay to bring down inflation,” Ms. Ananat, of…
Bear Markets and Recessions Happen More Often Than You Think
Spending money can be delightful. But losing it? If you are watching big chunks of hard-earned savings disappear,…
The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation
The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising…
Fed Set to Lift Rates as ‘Soft-ish Landing’ Becomes a Harder Sell
Federal Reserve officials are meeting this week with one major goal in mind: cooling the economy enough to…
Inflation in the United States: What You Need to Know
The government reported on Friday that consumer prices climbed 8.6 percent over the year through May, the fastest…
Global Growth Will Be Choked Amid Inflation and War, Says World Bank
For large and small nations around the globe, the prospect of averting a recession is fading.That grim prognosis…