True inflation may have peaked in late 2022 — at 18% — and still hovers around 8%
“Consumer borrowing costs in the U.S. have skyrocketed, but the CPI doesn’t count this. ” There are widely divergent perspectives between Wall Street, where exuberance...
How Can Spending Be Up When People Feel Down?
Updated Dec. 27, 2023 12:00 am ET According to the Misery Index, Americans shouldn’t be all that miserable. But they might only recently have started...
Foreign Firms Pull Billions in Earnings Out of China
Updated Nov. 6, 2023 11:49 am ET SINGAPORE—For years, foreign companies plowed the profits they made in China back into China, using the cash to...
Housing affordability drops to the lowest level since 1984
It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report....
It’s U.S. vs. China in an Increasingly Divided World Economy
Listen to article (2 minutes) China passed a significant milestone last fall: For the first time since its economic opening more than four decades ago,...
Eurozone Inflation Drops Sharply Amid Energy Deflation, Economic Contraction
Updated Oct. 31, 2023 6:37 am ET Consumer prices are slowing more than expected in the eurozone, driven in part by falling energy prices but...
U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers
Former Treasury Secretary Larry Summers believes that the current federal budget deficit poses a greater challenge for the economy than it has before in U.S....
We’re Still Paying for the Federal Reserve’s Blunders
Oct. 25, 2023 12:53 pm ET The Federal Reserve is relieved inflation is receding and hopes it will fall to 2%. Meantime, households and businesses...
Another Black Monday May Be Around the Corner
By John Greenwood and Steve H. Hanke The Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a...
Home Sales on Track for Slowest Year Since Housing Bust
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