Pension Funds Plunge Into Riskier Bets—Just as Markets Are Struggling
U.S. public pension funds don’t have nearly enough money to pay for all their obligations to future retirees. A growing number are adopting a risky...
Small Businesses Fall Behind on Hiring as Inflation Takes a Toll
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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....
Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This
The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment. Central bank officials...
Economic Blacklist of Russia Marks New Blow for Globalization
WASHINGTON—The U.S.-led effort to expel Russia from international commerce marks another fracture in the free-trade vision that guided American policy for nearly 30 years, signaling...
Will Inflation Stay High for Decades? One Influential Economist Says Yes
When the global economy tanked in March 2020, the rate of inflation looked like it was heading to zero. That made it a surprising moment...
Shoppers Are Caught Off Guard as Prices on Everyday Items Change More Often
Everyday items, from grocery staples to home décor, are being priced more like airline tickets and gasoline, where the sticker prices can move frequently within...