The ‘Sticky’ High Prices Unlikely to Come Down Any Time Soon
Americans struggling to adjust to inflation want to know when the rising costs of food, appliances and other necessities will come down. Yet prices for...
War, Inflation Knock World Economy Off Balance
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Food Supply Stays Tight as Disappointing U.S. Harvest Adds to Global Challenges
A lackluster U.S. harvest this year is setting back efforts to relieve a global food supply that has been constrained by Russia’s war in Ukraine,...
Electric Bills Soar Across the Country as Winter Looms
U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to...
Dollar’s Rise Spells Trouble for Global Economies
Updated Sept. 18, 2022 2:31 pm ET Listen to article (2 minutes) The U.S. dollar is experiencing a once-in-a-generation rally, a surge that threatens to...
As Mortgage Rates Top 6%, More Borrowers Choose Adjustable-Rate Loans
Mortgage rates surged past 6% this week, pushing already pricey homes further out of reach for many borrowers. Discouraged buyers might choose to hold off,...
U.S. Incomes Fail to Grow for Second Year in a Row, Census Figures Show
Americans as a whole have experienced two years in a row of flat or declining household income, new government data showed Tuesday, reflecting the pandemic’s...
The Coming Global Crisis of Climate Policy
Let’s come right out and say it: Anyone who still thinks climate change is a greater threat than climate policy to financial stability deserves to...
Banks’ Funding Questions Aren’t Going Away
Even banks need to go to the bank sometimes. With the Federal Reserve both raising interest rates and seeking to reduce the size of its...
Fed’s Evans Open Minded on Size of September Rate Increase
Federal Reserve Bank of Chicago President Charles Evans said Thursday he is undecided on what size interest rate increase he will support at the central...