Economy
A wealth boom and a price shock are colliding ahead of the midterm elections
The historic technological revolution underway is creating investment gains among the already rich and leaving the rest of the population behind.
Trump establishes panel to probe Fed governor Lisa Cook in latest attempt to fire her
President Donald Trump established a committee to investigate Fed governor Lisa Cook, in his latest attempt to fire her.
Gas prices, mortgage rates and inflation push Americans’ view of the economy to near record lows
Americans’ views of the economy have rarely been so bleak.
Fed raises interest rates for first time since 2023, defying Trump as inflation mounts
The Federal Reserve on Wednesday raised its benchmark interest rates for the first time since 2023, in a move aimed at slowing inflation.
Trump and the Federal Reserve are on a collision course over interest rates
Wall Street expects the Fed to hike rates Wednesday. The president wants a rate cut.
August inflation data could set the course for interest rates, affordability
Friday’s August inflation report could mark a pivotal moment for interest rates, affordability and Kevin Warsh, President Donald Trump’s new Fed chairman.
Bessent’s move to tamp down rising rates backfires as bond yields jump, stocks tumble
Bonds sharply sold off and stocks after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired.
American workers are getting the smallest slice of the pie on record
The share of economic growth that goes to labor fell to a record low, hitting 52.8%, as the economy grows but worker pay is an ever-smaller slice of the pie.
August jobs report could show another weak month for hiring
The August jobs report is expected to show a continuation of this summer’s soft hiring numbers, just one month after the labor market contracted by 23,000 jobs.
Dutch central bank shifts billions in gold from U.S. to Europe in ‘crisis preparedness’ move
The Netherlands has moved billions of dollars worth of gold out of North America in a move it described as “crisis preparedness.”