Bessent Declares Widening Gap Between Rich and Poor ‘Dead’
Treasury Secretary Scott Bessent downplayed the impact of inflation on lower-income Americans, declaring this week that the “K-shaped” economy — ...
Tag: Inflation (Economics)
Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise
July’s jobs report has reduced some of the urgency around the need for the Federal Reserve to raise interest rates, ...
Labor Market Shifts Into Reverse as Employers Balk at Hiring
The labor market posted a modest loss in July, as businesses shed jobs in the face of renewed tariffs and ...
Here’s Why the US Is Helping Prop Up the Japanese Yen
When the Japanese yen recently hit its weakest level against the U.S. dollar in about 40 years, it wasn’t just ...
Plug-In Solar Panels Are Starting to Sprout in U.S. Backyards
After watching a YouTube video about solar panels that can be plugged into a regular electrical outlet, Melani Jackson plopped ...
Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
Higher interest rates from the Federal Reserve this week would have put the central bank in a better position to ...
Live Updates: Fed Leaves Interest Rates Unchanged, Despite Three Votes for an Increase
The Federal Reserve on Wednesday kept interest rates unchanged despite growing pressure to more directly tackle inflation after five years ...
What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is at an inflection point in its yearslong campaign against elevated inflation. On Wednesday, officials will decide ...
A Global Economy Jolted by an Oil Shock Now Gets a Tariff Reminder
We’ve all been down this road before.President Trump issues a blitz of punitive tariffs on allies and rivals, straining trade, ...
Stocks and the Economy Are Increasingly Relying on the A.I. Boom
There is an adage in the financial world: The stock market is not the economy.Except that, right now, maybe it ...
Oil Buyers Battered by the Iran War Energy Crisis Race to Build Buffers
Rodela Romero was attending an event at her church in northern Manila when her phone rang. It was a local ...
Soaring Egg Prices Are Hitting China Hard
In China, the humble egg, a longtime supporting act in many dishes, is now center stage.Around dining room tables, budget-conscious ...
China’s Economy Grows at Slowest Pace in Years
China’s economy last quarter grew at the slowest rate in three years, reflecting a broader slump that the country’s leaders ...
White House Cheers Inflation Data While Iran War Sparks New Price Surge
When rising gas prices began to cut into Americans’ paychecks, President Trump’s top economic adviser sought to offer a note ...
Warsh Reiterates Fed’s Pledge to Get Inflation Down
Follow live updates on Kevin Warsh’s testimony to Congress on inflation.Kevin M. Warsh reiterated his commitment to bringing down inflation ...
The Fed’s Christopher Waller Warns of Higher Rates if Inflation Stays High
A top official at the Federal Reserve said the central bank might soon have to raise interest rates if this ...
Oil Prices Wobble As a Week of Hostilities Derails Shipping
Oil prices flitted between modest gains and losses on Friday, a spell of relative calm at the end of a ...
Renewed Fighting With Iran Shows Cracks in Peace-Trade Rally
Andrew here. Looking at the volatility in the oil market, I’m left wondering why the smart money failed to hedge ...
At Warsh’s First Fed Meeting, Some Officials Signaled Support for Raising Interest Rates
A few officials at the Federal Reserve said they could have supported raising interest rates at their meeting in June ...
Why the Jobs Market Has Wall Street and Washington on Edge
Expect a tight security cordon around the Garden, including hundreds of police officers. The nuptials are casting a spotlight on ...
Welcome to LJ News Opinions, where breaking news stories have captivated us for over 20 years.
Join us in this journey of sharing points of view about the news – read, react, engage, and unleash your opinion!