A New Task for Biden: Readying Allies for a Long Conflict in Ukraine

In March, talk of victory was in the air. Now, maintaining unity against President Vladimir V. Putin is looking harder, with President Biden heading to Germany and Spain to rally Europe.

#biden-joseph-r-jr, #group-of-seven, #inflation-economics, #international-trade-and-world-market, #north-atlantic-treaty-organization, #russian-invasion-of-ukraine-2022, #united-states-international-relations

U.S.-Led Alliance Face Frustration Over Russia Sanctions

Vladimir V. Putin is making gains in his war on Ukraine while the United States and its allies struggle with soaring energy prices and inflation.

#biden-joseph-r-jr, #defense-and-military-forces, #economic-conditions-and-trends, #embargoes-and-sanctions, #group-of-seven, #inflation-economics, #international-relations, #oil-petroleum-and-gasoline, #putin-vladimir-v, #ruble-currency, #russian-invasion-of-ukraine-2022, #united-states-economy, #united-states-international-relations

What Is A Recession and When Is the Next One Going to Begin?

Recessions since World War II have lasted just over 10 months each, on average. The last one, which began in 2020, lasted just two months.

#federal-reserve-system, #gross-domestic-product, #inflation-economics, #interest-rates, #labor-and-jobs, #national-bureau-of-economic-research, #recession-and-depression, #stocks-and-bonds

Fed Confronts a ‘New World’ of Inflation

Central banks had a longstanding playbook for how inflation worked. In the postpandemic era, all bets are off.

#coronavirus-2019-ncov, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #oil-petroleum-and-gasoline, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #shortages, #supply-chain, #united-states-economy, #wages-and-salaries

Beware the Dangers of Sado-Monetarism

The Fed mustn’t get bullied into excessive harshness.

#economic-conditions-and-trends, #federal-reserve-system, #inflation-economics, #interest-rates, #united-states-economy, #volcker-paul-a

Inflation Complicates Biden’s Deliberations on Student Loan Forgiveness

The president is trying to balance his campaign promise to cancel thousands of dollars in student debt for tens of millions of borrowers with concerns such a move would be seen as a handout.

#biden-joseph-r-jr, #colleges-and-universities, #education-department-us, #inflation-economics, #student-loans, #united-states-politics-and-government

Are Large Corporate Profit Margins Causing Inflation?

New research suggests the answer is yes, in part.

#inflation-economics, #internal-sub-only-nl, #price-gouging, #prices-fares-fees-and-rates, #roosevelt-franklin-and-eleanor-institute, #united-states-economy

Why the Fed Is Risking a Recession

Home sales are flagging and the rest of the economy is expected to slow, maybe sharply, as rates increase. Why is the Federal Reserve doing this?

#federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #recession-and-depression, #united-states-economy

Rents Will Rise by at Least 3.25 Percent for 2 Million New Yorkers

With landlords facing higher costs for property maintenance, a rent regulation panel approved some of the largest increases for rent-stabilized units in nearly a decade.

#inflation-economics, #landlords, #new-york-city, #real-estate-and-housing-residential, #rent-control-and-stabilization, #rent-guidelines-board, #renting-and-leasing-real-estate

Is the Era of Cheap Money Over?

The fundamentals behind low interest rates haven’t gone away.

#economics-theory-and-philosophy, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #mencken-h-l

Wonking Out: Wasn’t Bitcoin Supposed to Be a Hedge Against Inflation?

Another crypto myth bites the dust.

#bitcoin-currency, #economics-theory-and-philosophy, #federal-reserve-system, #gold, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency, #virtual-currency

On Inflation and the Food Crisis, the World Can Work Together or Fall Apart

No single country can solve the problem of rising food and fuel costs.

#africa, #biden-joseph-r-jr, #black-sea, #coronavirus-2019-ncov, #economic-conditions-and-trends, #embargoes-and-sanctions, #federal-reserve-system, #food, #food-insecurity, #global-warming, #grain, #guterres-antonio, #inflation-economics, #international-relations, #international-trade-and-world-market, #middle-east, #odessa-ukraine, #politics-and-government, #ports, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #ships-and-shipping, #shortages, #third-world-and-developing-countries, #ukraine, #united-states-economy, #united-states-international-relations, #wheat

Wall Street Has Its Worst Week Since March 2020

The selling was fueled by persistently high inflation and fears that the Fed’s efforts to tame it with higher interest rates will choke growth.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds

The Fed’s Newfound Aggressiveness Is Concerning

Its fight against inflation could very well cause a recession.

#federal-open-market-committee, #george-esther-l, #inflation-economics, #interest-rates, #internal-sub-only-nl, #recession-and-depression, #united-states-economy

Inflation Expected to Remain High Even as Economy Slows and Layoffs Rise

Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.

#federal-reserve-system, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #personal-finances, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment-insurance, #united-states-economy

A Recession Would Hurt Democrats. Some Warn It’d Also Hurt Democracy.

By trying to tame inflation, some commentators say, the Federal Reserve could bring about a recession — just as an unrepentant Donald Trump appears to be eyeing another White House bid.

#biden-joseph-r-jr, #inflation-economics, #internal-sub-only-nl, #powell-jerome-h, #presidential-election-of-2024, #presidents-and-presidency-us, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

As European Leaders Visit Kyiv, Putin Cuts Their Gas Supply

At a critical moment in the war, Russia is strategically reducing gas flows to drive up prices and hurt European economies already reeling from high inflation.

#economic-conditions-and-trends, #embargoes-and-sanctions, #energy-efficiency, #europe, #germany, #inflation-economics, #natural-gas, #pipelines, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022

Mortgage Rates Jump to 5.78 Percent, Rising at the Fastest Pace Since 1987

The climb in mortgage rates, coupled with skyrocketing home prices, has eroded what prospective home buyers can afford.

#banking-and-financial-institutions, #federal-home-loan-mortgage-corp-freddie-mac, #federal-reserve-system, #inflation-economics, #interest-rates, #mortgages, #united-states-economy

Bank of England raises rates for a fifth time, to 1.25 percent.

Inflation is reaching deeper into the British economy, the bank said, as businesses raise prices and workers seek higher pay.

#bank-of-england, #banking-and-financial-institutions, #economic-conditions-and-trends, #great-britain, #inflation-economics, #interest-rates, #wages-and-salaries

Bear Markets and Recessions Happen More Often Than You Think

The U.S. has been in recession 14 percent of the time since World War II. But being prepared can minimize hardship and even offer investing opportunities.

#asset-allocation-personal-finances, #bernanke-ben-s, #content-type-service, #inflation-economics, #interest-rates, #mehta-salil-1973, #national-bureau-of-economic-research, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds

The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation

Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.

#consumer-price-index, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy

The Fed Should Make Amends for Its Mistakes

A 75-basis-point increase, along with the will to tackle inflation aggressively, would shore up the bank’s shaky credibility.

#banking-and-financial-institutions, #federal-reserve-system, #inflation-economics, #interest-rates, #recession-and-depression, #united-states-economy

Markets Recoup Losses as Central Banks Meet

Investors appeared mostly unsurprised by the Federal Reserve’s announcement of a large rate increase, with the S&P 500 closing up 1.4 percent.

#banking-and-financial-institutions, #european-central-bank, #federal-reserve-system, #inflation-economics, #stocks-and-bonds

The Claws of a Bear Market

Can the Federal Reserve and the White House tamp down inflation without sending the U.S. economy into a recession?

#audio-neutral-informative, #inflation-economics, #recession-and-depression, #united-states-economy

Trump and Sanders Opened Doors. Inflation Is Closing Them.

What a climate of fiscal constraint means for the populist and the socialist left.

#biden-joseph-r-jr, #budgets-and-budgeting, #democratic-party, #inflation-economics, #republican-party, #sanders-bernard, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

Biden Weighs Tariff Rollback to Ease Inflation, Even a Little Bit

While lifting some levies on China is unlikely to put a large dent in inflation, administration officials concede they have few other options to address surging prices.

#biden-joseph-r-jr, #china, #consumer-behavior, #customs-tariff, #inflation-economics, #international-trade-and-world-market, #protectionism-trade, #summers-lawrence-h, #united-states-economy

Fed Set to Lift Rates as ‘Soft-ish Landing’ Becomes a Harder Sell

The central bank has hoped to cool down the economy without pushing unemployment much higher. Stubborn inflation narrows that path.

#federal-reserve-system, #inflation-economics, #interest-rates, #labor-and-jobs, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy

Inflation and Price Gouging

We look at whether “greedflation” is causing higher prices.

#inflation-economics, #internal-storyline-no, #price-gouging, #prices-fares-fees-and-rates, #supply-chain, #united-states-economy

Inflation Isn’t Going to Bring Back the 1970s

The Federal Reserve has the tools that it needs. Now it should use them.

#burns-arthur-f, #consumer-price-index, #credit-and-debt, #federal-reserve-system, #inflation-economics, #interest-rates, #martin-william-mcchesney, #nixon-richard-milhous, #powell-jerome-h, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #volcker-paul-a

When Stocks Become Bear Markets

Steep downturns of stocks by 20 percent or more are relatively rare, but how long they last could portend damage — for you and the economy.

#401k-403b-and-457-plans, #content-type-service, #inflation-economics, #pensions-and-retirement-plans, #stocks-and-bonds, #united-states-economy

Is There a Tampon Shortage? What You Need to Know

Supply chain issues have hit tampons, and inflation has driven up prices. Here’s why there’s a shortage — and what you can do if you run out.

#inflation-economics, #menstruation, #shortages, #supply-chain

The Fed May Discuss Biggest Interest Rate Increase Since 1994

Central bankers had signaled that they would raise rates by half a point if data shaped up as expected. Inflation is instead running hotter.

#federal-reserve-system, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #united-states, #united-states-economy

What to Know About Bear Markets

There have been several instances of near-bear markets in recent decades, but it’s rare for them to hit the threshold.

#banking-and-financial-institutions, #inflation-economics, #recession-and-depression, #stocks-and-bonds, #united-states-economy

It’s Not Easy Being President

But we do have a few suggestions.

#biden-joseph-r-jr, #boudin-chesa, #cheney-liz, #democratic-party, #demonstrations-protests-and-riots, #federal-budget-us, #federal-reserve-system, #gun-control, #house-select-committee-to-investigate-the-january-6th-attack, #inflation-economics, #republican-party, #supreme-court-us, #taxation, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

If You Must Point Fingers on Inflation, Here’s Where to Point Them

The Fed continues to evade accountability for inflation.

#biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #republican-party, #united-states-economy

The Fed, Not Democrats, Got Us Into This Inflation Mess

The Fed continues to evade accountability for inflation

#biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #interest-rates, #powell-jerome-h, #republican-party, #united-states-economy

Inflation in the United States: What You Need to Know

Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #interest-rates, #price-gouging, #prices-fares-fees-and-rates, #recession-and-depression, #supply-chain, #united-states, #united-states-economy

Wonking Out: Why Monetary Policy Has Gotten So Hard

If you aren’t taking risks, you aren’t doing your job.

#economics-theory-and-philosophy, #european-central-bank, #federal-reserve-system, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #lagarde-christine, #powell-jerome-h, #united-states-economy

Inflation Sped Up Again in May, Dashing Hopes for Relief

The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.

#consumer-price-index, #federal-reserve-system, #inflation-economics, #united-states-economy

An ‘Ugly’ Inflation Report Upended Hopes That Price Gains Would Ease

Investors and economists had expected to see some moderation in inflation. Instead, prices accelerated again in May, delivering an unwanted surprise.

#consumer-price-index, #inflation-economics, #supply-chain, #united-states-economy, #united-states-politics-and-government

Biden to Visit Port of Los Angeles, Casting Inflation as a Global Problem

The visit to the nation’s busiest entry point for goods comes as President Biden struggles to show progress on resolving supply chain issues that are fueling inflation across the country.

#biden-joseph-r-jr, #freight-cargo, #inflation-economics, #los-angeles-calif, #port-of-los-angeles-calif, #ports, #ships-and-shipping, #shopping-and-retail, #shortages, #supply-chain, #united-states-economy, #united-states-politics-and-government

How Inflation Is Affecting Money Market Funds

At last, interest rates for money market funds have started to rise. But inflation means that in real terms, you’re still losing money.

#content-type-service, #crane-peter-g, #federal-open-market-committee, #federal-reserve-system, #inflation-economics, #interest-rates, #money-market-mutual-funds, #mutual-funds, #savings, #t-rowe-price-group-inc

White House Struggles to Talk About Inflation, the ‘Problem From Hell’

Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.

#american-rescue-plan-2021, #biden-joseph-r-jr, #democratic-party, #economic-conditions-and-trends, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stimulus-economic, #student-loans, #united-states-economy, #united-states-politics-and-government

Stagflation and Recession Warnings Plague U.K. Businesses

Higher prices plus a labor shortfall plus a national economic contraction make it hard to plan for the future.

#economic-conditions-and-trends, #great-britain, #great-britain-withdrawal-from-eu-brexit, #inflation-economics, #labor-and-jobs, #prices-fares-fees-and-rates

Mugged by Reality, Again

Progressives are rediscovering the law of unintended consequences.

#biden-joseph-r-jr, #boudin-chesa, #conservatism-us-politics, #democratic-party, #discrimination, #elections-district-attorneys, #inflation-economics, #liberalism-us-politics, #republican-party, #san-francisco-calif, #transgender-and-transsexuals, #united-states-politics-and-government, #women-and-girls

Global Growth Will Be Choked Amid Inflation and War, Says World Bank

Global economic growth will be choked as war, inflation and ongoing supply chain problems take a toll.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #embargoes-and-sanctions, #inflation-economics, #international-trade-and-world-market, #malpass-david, #recession-and-depression, #russian-invasion-of-ukraine-2022, #supply-chain, #third-world-and-developing-countries, #world-bank

Thomas Piketty’s Radical Plan for a More Equal World

The economist makes his case for universal inheritance, worker ownership and ‘participatory socialism.’

#audio-neutral-informative, #corporate-taxes, #economic-conditions-and-trends, #economics-theory-and-philosophy, #income-inequality, #inflation-economics, #inheritance-and-estate-taxes, #socialism-theory-and-philosophy, #taxation, #united-states-economy, #wages-and-salaries

Persistent Inflation Puts Yellen in the Spotlight

The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive.

#american-rescue-plan-2021, #economic-conditions-and-trends, #inflation-economics, #interest-rates, #prices-fares-fees-and-rates, #supply-chain, #united-states, #united-states-economy, #yellen-janet-l

The Potential Dark Side of a White-Hot Labor Market

The strong job market may be about to take a turn for the worse. That could come to haunt those who made choices based on today’s conditions.

#colleges-and-universities, #inflation-economics, #labor-and-jobs, #layoffs-and-job-reductions, #tuition, #unemployment, #united-states-economy

Hiring Remains Strong Even as Fed Tries to Cool Economy

The Labor Department reported 390,000 new jobs in May, as policymakers try to ease inflation without inducing a recession.

#coronavirus-2019-ncov, #inflation-economics, #labor-and-jobs, #labor-department-us, #prices-fares-fees-and-rates, #unemployment, #united-states-economy, #wages-and-salaries