The Fed lifted its benchmark interest rate by half a percentage point as it fights raging inflation.
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The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
Oil is used throughout the US economy. It goes into packaging, toys, clothing and especially the food we eat.
Russia’s invasion of Ukraine and resulting sanctions are causing oil prices to spike, which is putting more pressure on inflation and increasing the risk of recession.
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?
After weeks of mulling, Biden decided to give Powell another term as Fed chair, which means he will have more influence over the trajectory of inflation than anyone else.
The question is actually one of the most studied in all of economics and still doesn’t have a definitive answer – though Nobel-winning economist David Card got us closer.
Three scholars examine President Biden’s rhetoric, the symbolism and the several ambitious plans he proposed in his first address to Congress.
Seuls 15 % des professeurs titulaires américains sont aujourd’hui des femmes. Une proportion qui n’a que très peu évolué depuis 20 ans.
Although STEM professions, especially tech fields, receive most of the criticism, the numbers show economics is actually worse.
The widely reported unemployment rate – currently 6.3% – doesn’t fully reflect the reality of joblessness in the US economy.
Biden proposed $1.9 trillion in new coronavirus relief spending to help with the economic fallout of COVID-19. Four economists have a few ideas for him.
Though separated by time and place, there are surprising similarities in the the social issues raised by the rubella outbreak of 1964-65 and the recent Zika outbreak in South America.
