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Why the Era of Historically Low Interest Rates Could Be Over
Higher productivity and increased deficits could raise the “neutral” rate of interest, limiting Fed cuts. Source link
Macau Reclaims Crown From Vegas as World's Top Gambling Hub
Fortunes of MGM, Sands and Wynn are rising after they bled cash during years of pandemic border restrictions in the Chinese city. Source link
Higher Interest Rates and Sluggish Economy Fuel European Bankruptcies
EU bankruptcies surge to the highest level since 2015, nudged by the end of pandemic-era aid. Source link
Why Child-Care Prices Are Rising at Nearly Twice the Overall Inflation Rate
Providers are boosting tuition as their costs rise and federal aid ends, straining some families’ finances. Source link
U.S. Plans New Tariffs on Food-Can Metal From China, Germany and Canada
The levies, announced in response to dumping allegations, could raise prices for canned foods, an industry group says. Source link
Some Fed Officials Are Turning Cautious about Raising Rates Too High
Central bank officials face a puzzle as inflation slows, but economic activity is firmer than anticipated. Source link
Economics Tamed the Weather. Now the Weather Strikes Back.
As extreme conditions grow more frequent, threat mounts to growth and inflation, especially in poor countries. Source link
Beijing Is Caught in a Catch-22 as Economy, Currency Stumble
China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act. Source link
U.K. Inflation Slows, but Still a Worry
The annual rate of inflation slowed but it may not be falling fast enough to convince the Bank of England to pause interest rate increases.
Retail Sales Rose in July for Fourth Straight Month
Retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 0.7% last month from the month before, the Commerce Department said