Tag: Inflation (Economics)
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El Niño Threatens Global Sugar Supply
A poor sugarcane crop in India, the world’s second-largest producer, is hurting consumers and farmers — plus undermining the country’s energy security goals.
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Mortgage Rates Hover at 7.4%, Highest Since 2023
The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.
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Homeownership Drifts Further Out of Reach as Mortgage Rates Rise
Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.
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Social Security COLA for 2027 Will Be 3.6%
The cost of living adjustment, or COLA, for next year will be the largest since 2023. Retirees will see the extra money in their benefit checks starting in January.
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I.M.F. Warns Mideast War Will Widen Gap Between Rich and Poor Countries
Persistent conflicts, high energy costs and technological upheavals will slow global growth and raise prices, the organization forecast.
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Economic Pain and an Unpopular Trump Put G.O.P. on its Heels With Three Weeks to Go
Inflation has hurt Americans at many levels: Farmers, truckers, consumers. It has also expanded the electoral map into what was safely Republican country just a few months ago.
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This Mistake Doomed Biden. Trump Is Falling Into the Same Trap.
When leaders ignore people’s lived experience, their political messaging collapses.
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U.S. Bond Yields Hit Highest Level Since 2002
The factors pushing up yields, including the war in Iran and high government debt levels, are unlikely to dissipate soon.
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Fed’s Preferred Inflation Gauge Points to Continued Price Pressures
The Personal Consumption Expenditures price index showed little sign of easing in August, though revised data showed inflation had been slightly cooler than previously believed.
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Carney’s Big Challenge: Time
As he tries to break Canada’s dependence on the United States, Prime Minister Mark Carney said he knows Canadians will feel pain from the trade war.