Tag: United States Economy
Unemployment Nears Prepandemic Level
Federal Reserve officials are tasked with fostering “full employment,” and while it has been difficult to guess what…
High Inflation Could Persist as Wages Continue to Rise
Economists have been waiting for Americans to shift from buying goods, like furniture and appliances, and toward spending…
Soaring Cost of Diesel Ripples Through the Global Economy
Farmers are spending more to keep tractors and combines running. Shipping and trucking companies are passing higher costs…
Biden Plan Would Release a Million Barrels of Oil a Day From Reserve
But the price of gas has continued to rise, and the political pressure has not let up.Republicans have…
Biden Aims to Boost Military and Social Spending in 2023 Budget
WASHINGTON — President Biden’s fiscal 2023 budget will call for additional military spending in the face of Russian…
The Fed Bets on a ‘Soft Landing,’ but Recession Risk Looms
Jerome H. Powell, the Federal Reserve chair, emphasized this week that the central bank he leads could succeed…
Is America’s Economy Entering a New Normal?
The pandemic, and now the war in Ukraine, have altered how America’s economy functions. While economists have spent…
Ukraine War and Pandemic Force Nations to Retreat From Globalization
If Mr. Xi and Mr. Putin organize their own economic coalition, they could bring in other nations seeking…
As Inflation Surges, Biden Targets Ocean Shipping
Some economists have echoed those arguments, saying it’s a function of supply and demand.“I think the spike in…
How to Fight Inflation With Lessons From History
Up NorthAnnual spending in the Union reached a staggering 16 times its prewar budget. Despite the need for…
Stocks notch their best week since November 2020.
Oil prices slid and the Federal Reserve offered investors clarity on its plan to tame inflation, triggering a…
Federal Reserve Walks a Tightrope Between Inflation and Recession
In an interview, James D. Hamilton, professor of economics at the University of California, San Diego, and a…