by Matthew Yglesias A string of positive economic news — slowing inflation, an upward revision in gross domestic product, continued strength in the job market, signs of a nascent surge in factory construction — has the Biden administration going all out to define “Bidenomics” ...
Powell shows a level of caution that should continue to avoid recession After 10 consecutive interest rate hikes meant to squeeze down inflation, the Federal Reserve last Wednesday held steady at a benchmark rate of between 5% and 5.25%, indicating that the aggressive intervention has ...
by Leticia Miranda The pandemic era of greedflation in the grocery section is finally ending. Consumers are fed up and showing it after two years of absorbing spiraling prices as retailers and food suppliers passed on the costs — and then some — of supply chain ...
by Conor Sen Americans’ buying power has been squeezed since the start of 2022 as companies steadily raised prices to restore their profit margins — deflated by higher costs for freight and labor — to pre-pandemic levels. Now Walmart Inc. appears to be saying enough is ...
by Tyler Cowen For conservatives, current high rates of inflation should not be too upsetting — and not because they might help Republican candidates in the next election. Rather, there are intrinsic reasons that higher inflation, at least for a while, might not be as bad as it ...
The Federal Reserve shocked no one last Wednesday when it announced another 25-basis-point hike to interest rates. Yet our lack of surprise doesn’t mean a lack of questions about the central bankers’ continuing anti-inflation warpath. Chairman Jay Powell took great pains to leave the ...