Historians and political advisers say history will be kinder to President Joe Biden than voters have been.
economy
Posted inBusiness
IMF’s economic view: Brighter outlook for China and India but tepid global growth
Overall, the International Monetary Fund said it still expects the world economy to grow a lackluster 3.2% this year.
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Posted inBusiness, Nation & World, News
Food companies feel the pain as consumers reject higher prices
Faced with revenue and unit sales declines in recent months, snack giants PepsiCo and Conagra confront the reality of “value-seeking behavior.”
Posted inBusiness, Nation & World, News
Fed chair Jerome Powell not prepared ‘yet’ to say he’s confident about inflation
The Fed chair has avoided giving any strong signals on the timing of interest rate cuts, though he has emphasized policymakers face risks from both moving too quickly or too slowly to take action.
Posted inBusiness
U.S. employers add solid 206,000 jobs in sign of continued economic strength
Despite consistent hiring, relatively few layoffs and gradually cooling inflation, many Americans have been exasperated by still-high prices.
Posted inBusiness
Fed chair: U.S. inflation cooling again, though it isn’t yet time to cut rates
If the Fed cuts rates too soon, inflation could re-accelerate. But if it waits too long to reduce borrowing costs, it risks weakening the economy so much as to potentially cause a recession.
Posted inBusiness, Nation & World, News
Millennials had it bad financially, but Gen Z may have it worse
It’s not the lattes: Gen Z workers are paying significantly more for necessities like housing than their millennial colleagues did.
Posted inBusiness, Nation & World
Fed diverges from global peers in new era of higher for longer
The Fed staying on hold raises questions around harmful foreign-exchange volatility and risks undermining progress on getting inflation down, according to analysis by Bloomberg Economics.
Posted inBusiness, Nation & World, News
Yellen says China’s trade policies could ‘interfere significantly’ with U.S. bilateral relationship
Yellen’s speech comes as former President Donald Trump presents his case before the Business Roundtable in Washington, an association of more than 200 CEOs, for why the economy would be better if he returned to the Oval Office.
Posted inTimes Record Opinion
Gordon L. Weil: COVID is the culprit when it comes to economy, not Biden or Trump
COVID has affected everyone, whether or not you were vaccinated. Not that Robert Kennedy Jr. is right about shots. Despite his claims, vaccinations can protect your health. But they can’t shield you from the changes COVID has brought to the American economy. The post-COVID world is often labeled negatively as the “new normal.” Despite broad […]
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