Inflation is cooling but not fast enough for the Fed
It was a double whammy for economic data enthusiasts.
US inflation asian news
How inflationary would Trump be?
Donald Trump still leads in most polls, and betting markets give him a better than even chance of winning the election this November. So it’s important to think about what his actual policies would be, and how these would affect the outcomes that Americans care about.
Asia starting to feel like 1997-98 all over again
TOKYO – Last month, former US Treasury Secretary Lawrence Summers drew chuckles when he said the Federal Reserve’s next action might be to tighten, not ease, interest rates. Few bond traders are laughing now.
US auto industry scam: overpriced parts, repairs
The US auto industry overcharges consumers for motor vehicle parts, while pricing vehicles outside the range of most US households. That keeps profit margins high on new vehicles. Sales of new passenger cars and trucks are stagnant, but the industry compensates by selling expensive parts to consumers who keep their vehicles on the road longer. The cost of a new car has risen by about 40% since 1991, while the cost of repair parts has nearly doubled, as the above chart shows. The cost of auto repair, meanwhile, has tripled.
Biden, Trump China tariffs draw on old, losing playbook
As Joe Biden throws down the gauntlet in his bid to defeat Donald Trump, the US president risks repeating one of his predecessor’s biggest blunders.