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Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
More light at the day’s end comes at a price: much later winter sunrises across much of the U.S. Scientists have documented consequences for public health and the economy.
Tariffs are back, but this time there is a war in the Persian Gulf and oil has hit $100 a barrel.
The yield on the 10-year Treasury bond has risen steadily this year, as the Iran war rages, government spending worries intensify and artificial intelligence spending boosts growth.
The administration launched new duties tied to countries’ imports of goods made with forced labor, replacing a 10 percent tariff immediately after it expired.
The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020.
The pre-eminent economic policymaker of his time and a skilled political operator, he favored market-friendly stances that would later come to be associated with destructive financial forces.
Employers added 172,000 jobs in May, adding to a vigorous pace of hiring in recent months. But wage growth is not keeping up with higher prices and consumers remain pessimistic.