‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and...
Recession or Not, the Recovery Has Ended
Whether a recession is eventually declared, the message from the latest economic data is just as sobering: The recovery is, effectively, over. To be sure,...
The Upper Middle Class Is Getting Squeezed
By Dion Rabouin | Photographs by Dina Litovsky for The Wall Street Journal July 25, 2022 5:30 am ET Mark Yu had a profitable pandemic....
Strong Dollar Extends Gains With No End to Rally in Sight
Fears of a global recession and deepening woes in Europe are pushing the dollar higher, and few on Wall Street expect to see a change...
When will inflation peak? Consumers and economists see light at the end of the tunnel (it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic...
Home builders slash prices and slow construction as buyers pull back, survey shows
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes...
The Fed Can’t Print More Workers
The Federal Reserve is raising rates, the U.S. economy is weakening and recession talk is on the rise. But the biggest impediment to the job...
Inflation is ‘just too high and doesn’t seem to be coming down’: Fed’s Waller backs big interest-rate hikes
Federal Reserve Gov. Christopher Waller on Thursday said he backs big increases in a key U.S. interest rate over the next several months to drive...
Consumers Say 2022 Is the Worst Economy Ever
One of the biggest threats to markets fails a basic sanity check. The threat is that households are the most depressed they have been since...
Rising Interest Rates Will Crush the Federal Budget
The Federal Reserve’s policies of increasing interest rates and quantitative tightening—reducing its $8.9 trillion balance sheet—will increase the volume and cost of federal government borrowing,...