Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign...
Inflation Figures/Price Indices
Economy Week Ahead: Key Inflation, Jobs Numbers Highlight Week’s Data
Economists are forecasting another strong month of employment gains in March. Photo: stefani reynolds/Agence France-Presse/Getty Images By WSJ staff March...
Europe’s Economy Slows as Ukraine War Sends Costs Soaring
Europe’s economic recovery slowed in the first weeks of March after Russia’s invasion of Ukraine while U.S. business activity picked...
Central Banks Grapple With Dual Threat of Slowing Growth, Rising Inflation
The war in Ukraine is casting a stagflationary shadow over the world economy and posing a dilemma for central banks:...
Fed Raises Interest Rates for First Time Since 2018
The Federal Reserve said it would lift interest rates and penciled in a series of further increases this year aimed...
U.S. Retail Sales Grew 0.3% in February
Americans kept up retail spending in February but at a slower pace than the prior month, as they faced high...
Producer Price Increases Leveled Off in February
Suppliers’ price increases plateaued in the first two months of the year as pandemic-related disruptions and strong consumer demand continue...
Economy Week Ahead: Trade, ECB, Inflation
U.S. inflation data highlights this week’s docket of regularly scheduled economic releases. Official reports won’t yet fully capture growing economic...
Powell Says Fed Is on Track to Raise Rates in Two Weeks
Federal Reserve Chairman Jerome Powell said he would propose a quarter-percentage point rate increase at the central bank’s meeting in...
Why This Economic Boom Can’t Lift America’s Spirits
Discontent is widespread in spite of rapid job growth, wage gains and strong asset values. At the root of it:...
Fiscal Stimulus Is Turning Into a Fiscal Drag, in a Big Headwind for Growth
The federal pandemic support that helped propel the economy to blistering growth last year and put upward pressure on inflation...
Fed Eyeing Potential for Faster Rate Increases to Ease Inflation
Federal Reserve officials at their meeting last month discussed an accelerated timetable for raising interest rates, beginning with an anticipated...
Some Lawmakers Want to Halt Gas Tax Amid High Inflation. Others See a Gimmick
WASHINGTON—A push by some Senate Democrats to suspend the federal gasoline tax is running into opposition from both Republicans and...
Farmers Feel the Squeeze of Inflation
Inflation is growing on the farm. American farmers are paying significantly higher prices for their weed-killing chemicals, crop seeds, fertilizer,...
The Hidden Ways Companies Raise Prices
Lettuce Entertain You Enterprises Inc., a Chicago-based restaurant group, has added a 3% “processing fee” to checks at many of...
Economy Week Ahead: Trade, Inflation, Layoffs
Inflation is expected to hit a multidecade high in January as the U.S. economy continues to work through pandemic-related supply...
China’s Slowdown to Limit Global Growth but Not Undermine World Economy
HONG KONG—A prolonged slowdown in China’s economic growth could hurt some multinational companies and commodity producers for years to come,...
White House Sees Hearing Aids as Chance to Lower Prices Through More Competition
Getting a pair of hearing aids can cost up to $5,000. The White House says they should be as little...
Raskin Faces Senate Questions Over Views on Climate Change, Regulations
Sarah Bloom Raskin, President Biden’s nominee to become the government’s top bank regulator, defended her views on using financial regulation...
Stock Market Jitters Don’t Endanger Economy Yet
The past few weeks of stock market turmoil don’t mean the economy is about to be derailed, but rather that...
