Supply-Chain Bottlenecks, Elevated Inflation to Last Well Into Next Year, Survey Finds
Uncomfortably high inflation will grip the U.S. economy well into 2022, as constrained supply chains keep upward pressure on prices...
Economic News
House Approves Extension of Debt Ceiling Into December
WASHINGTON—The House on Tuesday voted along party lines to raise the U.S. borrowing limit into December, as Democratic lawmakers wrestled...
IMF Cuts Global Growth Forecast Amid Supply-Chain Disruptions, Pandemic Pressures
WASHINGTON—Supply-chain disruptions and global health concerns spurred the International Monetary Fund to lower its 2021 growth forecast for the world...
Economy Week Ahead: Inflation, Jobless Claims, Retail Sales
Shipping containers at Tianjin Port in China last month. Photo: Gilles Sabrie/Bloomberg News By WSJ staff Oct. 10, 2021 3:00...
Economy Week Ahead: Factory Activity, Trade and Employment
The U.S. jobs report for August will be in focus this week. Tuesday China’s factory activity is forecast to expand...
Powell Says Fed Could Start Scaling Back Stimulus This Year
Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s emerging plan to begin reversing its easy-money policies later this year...
Range of Fed Officials Say Time for Bond-Buying Taper Is Near
Several Federal Reserve officials said Friday the time is likely to arrive soon when the U.S. central bank will be...
White House More Than Doubles Its Inflation Forecast in New Update
WASHINGTON—The White House more than doubled its forecast for annual inflation in new projections released Friday, as supply-chain disruptions stemming...
U.S. Household Income Jumped in July as Spending Growth Slowed
U.S. household income rose rapidly last month as the government handed out enhanced tax breaks for parents, priming the economy...
House Passes $3.5 Trillion Budget Blueprint, Sets Deadline for Infrastructure Bill
WASHINGTON—The House narrowly passed a measure approving a $3.5 trillion budget blueprint and locking in a late September vote on...
U.S. Home Sales Rose 2% in July Amid Higher Inventory
The U.S. housing market remained strong in July, with sales of previously owned homes rising at a faster pace than...
Economy Week Ahead: Housing, Inflation and the Fed
Federal Reserve Chairman Jerome Powell’s remarks at the central bank’s Jackson Hole economic symposium on Friday cap off a full...
Jobless Claims Likely to Fall as Labor Market Withstands Delta Variant
Applications for unemployment benefits are likely to reach a new pandemic low, showing a healing labor market even as the...
Banks Weigh Alternatives to Libor Replacement as Companies Seek Longer-Term Rates
Some big banks are evaluating if the reference rate that is backed by regulators as the best replacement for the...
U.S. Economy Likely to Outgrow China’s Due to Contrast in Pandemic Responses
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the...
Inflation Stayed High in July as Economy Rebounded
Inflation remained elevated in July as the economic recovery continued, but prices showed evidence of cooling amid pandemic-related supply problems...
WSJ News Exclusive | Biden to Nominate María Pagán as U.S. Envoy to World Trade Organization
WASHINGTON—President Biden is expected to nominate María Luisa Pagán, a longtime government trade negotiator, as a deputy U.S. trade representative...
Infrastructure Bill’s Boost to Economy Is Likely to Be Limited
WASHINGTON—The bipartisan infrastructure bill is unlikely to have a big impact on growth in the next few years, economists say....
Cigarette Companies Are Caught Between Death and Taxes
Cigarette companies are pouring billions of dollars into nicotine products that don’t come with the lethal health warnings of traditional...
WSJ News Exclusive | Business Groups Call on Biden to Restart Trade Talks With China
WASHINGTON—Nearly three dozen of the nation’s most influential business groups—representing retailers, chip makers, farmers and others—are calling on the Biden...
