The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
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Articles on US economy
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The US economy shrank for a second straight quarter. While some call that a recession or a strong sign of one, a financial economist explains why the term probably doesn’t yet apply.
Manufactured housing – the preferred name for what were once called mobile homes – has changed dramatically in recent decades. Three planning experts call for giving it a new look.
The Federal Reserve hiked interest rates by an additional three-quarters of a percentage point. An economist explains what this means for the economy.
Because housing is sensitive to changes in borrowing costs, it can tell policymakers and consumers a lot about whether the Fed’s plan is working.
The United States still sees itself as the world’s one and only superpower… The reality is now quite different: for several years, the country has been undergoing a slow but inevitable decline.
Soaring inflation in the US has been driven in part by large increases in the price of groceries – a burden that falls disproportionately on lower-income families.
The legacy of racism in both the United States and the United Kingdom has impacted the ability of Blacks and other ethnic groups to accumulate wealth.
The Fed lifted its benchmark interest rate by half a percentage point as it fights raging inflation.
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
Most of the gains went to the richest Americans, but almost everyone saw an improvement in terms of net wealth.
The Fed officially began its biggest inflation fight in four decades.
The US economy is cooling, yet inflation remains elevated, a combo that suggests stagflation might be right around the corner.
A sea level scientist explains the two main ways climate change is threatening the coasts.
Higher interest rates reduce demand for goods and services, which makes it harder for companies to raise prices. But there are risks as well.
While the uptick in the unemployment rate in January may seem like bad news, the reason it rose actually shows the labor market returning to normal.
The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.
The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
The job market continued to improve in December, but a stagnating labor pool will pose more challenges for employers in 2022.
The US economy ended 2021 with a lot of uncertainty and serious problems, such as inflation. How will economists know if things are improving in 2022?
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Associate Professor of Markets, Public Policy and Law, Boston University
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