Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay?
Central bankers worry that the recent surge in inflation may represent not a temporary phenomenon but a transition to a new, lasting reality. To counter...
IPO Market Faces Worst Year in Two Decades. ‘Really Hard Pill to Swallow.’
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It Now Costs $300,000 to Raise a Child
The cost of raising a child through high school has risen to more than $300,000 because of inflation that is running close to a four-decade...
Food Prices Squeeze Poorest in Rich Countries
LONDON—Rampant food inflation is roiling the world’s least-developed nations. It is also hitting poor people in rich countries. Matsentralen Norge, a food-bank operator in oil-rich...
Summer Worker Shortage Means Things Will Be Closed. Again.
Many Americans hoped this would be the first normal summer after two years of Covid-19 disruptions. A chronic labor shortage means it probably won’t be....
Most of U.S. West Is in Severe Drought as Peak Wildfire Season Looms
The American West is locked in its worst drought on record, bringing renewed water restrictions, wildfire danger and angst to one of the nation’s fastest-growing...