by Jackie Calmes If President Joe Biden’s re-election hinged on the state of the economy, he’d be a good bet, or at least a better one. Instead, it’s voters’ perception of the economy that matters. Which is a big reason the president is struggling as his campaign against ...
This is a potentially perilous time for our economy and the security of the West. Trade policy with China sits at the center. China is no longer just a trading partner with whom we have differences. It’s become a global adversary using trade to dominate militarily as well as ...
by Karl W. Smith Congressional leaders are reported to be close to a deal that would restore President Joe Biden’s 2021 expansion of the child tax credit in exchange for bringing back a pair of deductions for business investment. Although such an agreement would be expected to add at ...
by Conor Sen The key economic question for 2024 is how to think about the interest rate cuts we’re likely to get from the Federal Reserve. Are they good news for the economy as borrowers catch a break, or a sign of impending recession as they were in 2001 and 2007? There’s still ...
by Kathryn Anne Edwards What is inflation? Officially, it’s the change in average consumer prices over a period — a number that has, in recent months, been easing down toward the U.S. Federal Reserve’s 2% target. But for many people, it’s a way to describe in one word the ...
Against the odds, the Federal Reserve’s effort to guide the U.S. economy to a soft landing — reducing inflation without causing a recession — seems to be working. Recent data show a still-growing economy, a gently cooling jobs market and a slower pace of price increases in services. ...