If the U.S. Is in a Recession, It’s a Very Strange One
Economic output is down—but the job market is strong, unlike in previous recessions. It’s the latest twist in the odd...
indicators
Economy Week Ahead: Focus on Hiring, Fed Minutes and Trade
TuesdayNew orders for manufactured goods have continuously increased since last September amid persistent supply-chain disruptions and a robust demand for...
Americans Have Had It With Inflation
James Duffy used to frequent the coffee shop on weekends to enjoy an Americano and read a book. Then, rising...
Kohl’s Ends Talks of Its Sale to Vitamin Shoppe Owner Franchise Group
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Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings...
China’s Economy Returns to Growth Mode as Covid Lockdowns Lift
SINGAPORE—Economic activity in China expanded in June after three straight months of contraction, according to official surveys of businesses and...
Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs...
AT&T, Verizon Raise Prices and Test Consumer Budgets
The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans. Source link
Consumer Sentiment at Record Low Is Another Ominous Sign for Economy
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding...
Chinese Internet Giants’ Ad Revenue Suffers as Business Confidence Wanes
Companies in China are cutting back on digital-ad spending as the economy slows and recurring Covid-19 outbreaks weigh on consumption,...
Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown
Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its...
U.S., European Economies Slow Sharply as Recession Risks Grow
The U.S. and European economies slowed sharply in June as surging prices of energy and food weakened demand for other...
Recession Probability Soars as Inflation Worsens
Economists surveyed by The Wall Street Journal have dramatically raised the probability of recession, now putting it at 44% in...
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at...
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
U.S. Supplier Price Gains Accelerated in May
U.S. suppliers’ prices rose in May amid higher food and energy costs, adding to pressure on inflation.The producer-price index, which...
Fed Likely to Signal Half-Point Rate Rises Through September After Inflation Report
The Fed has already indicated it will raise rates by a half point at its meeting next week. Photo: saul...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner...
U.S. Jobless Claims Rose Above Prepandemic Average Last Week
New applications for unemployment benefits rose last week above their prepandemic average for the first time since January, adding to...
Powell’s Opinions on Inflation Matter, Not Biden’s
One of the reasons inflation got out of control in the 1970s is that policy makers had heterodox theories about...
