Economy
The Fed says it’s raising interest rates — will that mean much for inflation?
But raising interest rates, which increases borrowing costs throughout the economy and can have direct effects on consumers, won’t necessarily translate...
Here’s how Republicans could slow — not stop — Biden’s Supreme Court nominee
What does the Constitution say about Supreme Court nominations?Article II of the Constitution states that the president “shall nominate and...
Biden says he’ll name replacement next month for Supreme Court Justice Stephen Breyer
“‘The person I will nominate will be someone with extraordinary qualifications, character, experience and integrity, and that person will be...
Opinion: Stock investors know not to fight the Fed, but you can fight the Fed Model
The idea that interest rates are relevant to assessing the stock market’s prospects is hardly new. The Fed Model’s attempt...
Further stock market selloff wouldn’t be surprising – IMF markets chief
But the Fed’s main policy tool is its short-term interest rate and how that impacts broader financial conditions is uncertain....
Maximalist approach to classifying information poses threat to national security and undermines trust, says Biden director of national intelligence
The acknowledgment of such concerns about how the nation’s spy agencies choose what information to keep secret under various classification...
Opinion: Hidden in the GDP report is proof that the air is already coming out of the economy
The massive unprecedented stimulus of the recent past has been replaced by massive unprecedented dampening of incomes and wealth. The...
‘What’s next, pillows?’ Vitali Klitschko unimpressed with Germany’s helmet offer for Ukraine
It should be noted that Ukraine did in fact request helmets from Germany, though the country requested 100,000. The Bild...
U.S. durables-goods orders drop sharply in December
Key details: Orders for transportation equipment drove the decline in December. Orders for cars and planes fell 3.9% and have...
U.S. jobless claims drop 30,000 to 260,000 as omicron wave fades
New jobless claims have been unusually erratic in the wake of the holiday shopping season and a record wave of...
U.S. economy grew 6.9% in fourth quarter, GDP shows, as businesses restocked and consumers boosted spending
GDP got a big lift at the end of last year from frantic efforts by businesses to restock barren shelves...
Here’s how painful the economic loss will be for the U.S. from unchecked climate change: Deloitte
There will be a stinging period of economic transition, creating “winners” and “losers”, then a breakeven point, and finally a...
Opinion: How the Fed can garble its message and talk us into higher inflation
But those views are now passé. Senior BOE officials made, on average, a total of just 13 speeches a year in the...
Powell says Fed ‘of a mind’ to raise interest rates in March to fight high inflation
With consumer inflation now running at a 7% annual rate, the Fed wants to get going and move away from...
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