House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
The Fed’s campaign of rate hikes is showing more signs of having the intended effect of slowing the economy – but that may be bad news for those who lose their jobs or have a harder time finding one.
The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
Inflation, abortion and state of US democracy rank among the top issues facing voters before the midterm elections, regardless of race, ethnicity or party affiliation.
Americans voters are angry about everything from abortion to inflation. While anger is good for voter turnout, it’s ultimately bad for solving problems in a democracy.
William Hauk, University of South Carolina; Lisa Miller, University of Colorado Anschutz Medical Campus, and Wayne Au, University of Washington, Bothell
President Joe Biden’s suggestion that the COVID-19 pandemic is over has led to a backlash among some experts who suggest the comment is premature – and counterproductive.