Brinkmanship means coming to the edge of potential default on the US debt ceiling. Are lawmakers negotiating the debt limit representing the wishes and interests of their voters?
Once guests trickled back into hotels, they were urged to socially distance.
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Jakub Hlávka, University of Southern California and Adam Rose, University of Southern California
Workplace absences, along with sales lost due to the cessation of brick-and-mortar retail shopping, airline travel and public gatherings, contributed the most.
Treasury Secretary Janet Yellen doesn’t want to look back in anger over a debt deadline missed.
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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.
Inching toward a recession .. but what kind?
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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.
A recession-free landing for the Fed may be harder now.
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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.
Fed Chair Jerome Powell has a tricky job in balancing inflation fears with recession fears.
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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?
Markets reacted positively to Fed Chair Powell’s acknowledging “disinflation” is happening.
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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.
Oeuf! Egg prices are rising faster than a souffle.
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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.
The Fed is taking aim at its inflation target.
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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.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
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