Tag: United States Economy
Biden Savors Much-Needed Victories. But Will the Highs Overshadow the Lows?
WASHINGTON — President Biden and his top advisers have tried for months to press forward amid a seemingly…
Climate Bill ‘Transformative’ for Auto and Energy Industries
Making electric cars more affordable.For the auto industry, one of the most important provisions in the climate bill…
Fed’s Kashkari says officials are ‘a long way’ from backing off inflation fight.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, suggested on Friday that markets had gotten…
Pay growth and prices picked up, keeping the Fed on track for rate increases.
Wages, prices and consumer spending all continued to climb, the latest government data showed Friday — fresh evidence…
If the Economy Is Shaky, Why Are Company Profits Still Strong?
In its earnings report, Ally Bank, a big auto loan maker, provided data on past-due auto loans in…
U.S. Economy Shows Another Decline, Fanning Recession Fears
A key measure of economic output fell for the second straight quarter, raising fears that the United States…
Highlights From Today’s G.D.P. Report
The top-line number for U.S. gross domestic product is a composite of positive and negative forces, and the…
3 Senate Hopefuls Denounce Big Tech. They Also Have Deep Ties to It.
For Republicans running for the Senate this year, “Big Tech” has become a catchall target, a phrase used…
Manchin, in Reversal, Agrees to Quick Action on Climate and Tax Plan
WASHINGTON — Senator Joe Manchin III of West Virginia, a key centrist Democrat, announced on Wednesday that he…
Senate Passes $280 Billion Industrial Policy Bill to Counter China
WASHINGTON — The Senate on Wednesday passed an expansive $280 billion bill aimed at building up America’s manufacturing…
How U.S. Inflation Expectations Are Being Shaped by Consumer Choices
Economic policymakers are razor focused on inflation expectations after more than a year of rapid price increases. Consumers…
How Will Interest Rate Increases Impact Inflation?
The Federal Reserve is expected to announce its fourth interest rate increase of 2022 on Wednesday as it…