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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The Federal Deficit Is Even Bigger Now Than It Looks
The federal government’s annual deficit for 2023 appeared to be $1.7 trillion, but due to irregularities involving President Biden’s now-overturned student debt cancellation plan, the...
Big Bankruptcies Hang Over Economy
Rising business bankruptcies are sounding alarm bells, especially as they increasingly involve large companies such as SVB Financial, Bed Bath & Beyond, and Yellow. Factors...
Deficits Finally Matter on Rising Interest Rates
Investors are growing concerned as U.S. borrowing skyrockets, posing potential risks to markets and the economy. Historically, the U.S. has been the world’s primary lender,...
Bond Selloff Jeopardizes Hopes for Soft Economic Landing
Growth prospects and concerns over mounting government debt are driving long-term interest rates to a 16-year high, threatening economic stability. The Federal Reserve’s attempts to...
Can the U.S. Economy Survive Four Simultaneous Shocks at Once?
The U.S. economy is facing simultaneous threats: potential auto worker strikes, a possible government shutdown, the resumption of student loan payments, and rising oil prices....