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Dec 1, 2025
For decades, people have fretted about the financial sustainability of America's bedrock retirement income program. Now, Social Security's precarious fiscal state is an...
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Nov 22, 2025
The Federal Reserve is deeply divided right now between officials who think it should cut interest rates next month and those who don't. One plausible result of the vote would...
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Nov 7, 2025
It appears that the U.S. job market continued its long, gradual slowing in October, but did not make a clear break for the worse (or for the better).
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Nov 4, 2025
The hawks on the Federal Open Market Committee see resilient growth, booming financial markets, too-high inflation, and a labor market that is more or less chugging along.
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Oct 24, 2025
Many of the world's best and brightest want to work in the United States. But U.S. immigration policy does a bad job of enabling them to do so — undermining the nation's...
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Oct 17, 2025
In the late 1990s, a surge in technology-fueled productivity enabled rapid growth, paired with subdued inflation, ample jobs, and low interest rates. Just maybe, the optimists...
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Oct 6, 2025
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Sep 30, 2025
When the U.S. government heads toward a partial shutdown, a natural instinct is to anticipate dire consequences for financial markets and the economy. The history doesn't...
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Aug 21, 2025
The Trump administration is pursuing wholesale change at the Federal Reserve with a ruthlessness and creativity that few Fed watchers could have imagined.
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Jul 31, 2025
Despite a robust headline number, underlying domestic demand looked strikingly soft in Q2.
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Jul 23, 2025
Trump administration economists are spotlighting a little-noticed piece of federal data they argue shows a business investment surge is in the works — one that could...
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Jul 10, 2025
Why is President Trump escalating a trade war that had seemed dormant, threatening high tariffs on major trading partners, imported copper, and pharmaceuticals? A better...
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May 20, 2025
The U.S. government's fiscal situation has been worrying in a sort of abstract, long-term way for years. Now it's getting real.
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May 2, 2025
It's usually a mistake to attribute economic conditions in the weeks after a presidential inauguration to the person in the Oval Office.
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Mar 26, 2025
In the aggregate, American households' finances are looking just fine. But nobody lives in the aggregate, and there is evidence of rising financial strain for a meaningful...
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Mar 6, 2025
The Trump 2.0 trade war is already on a much larger scale, affecting many more products, than was ever seen in Trump 1.0.
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Feb 12, 2025
President Biden and a Democratic Congress took power in 2021 with a bold plan to propel the nation out of the pandemic, revitalize American industry and bolster the working...
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Feb 5, 2025
When President Trump signed an executive order on Monday calling for the creation of a U.S. sovereign wealth fund, it contradicted years of conservative thought.
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Jan 3, 2025
The biggest question marks for the 2025 outlook involve how the incoming Trump administration's policy agenda will reverberate through the U.S. and global economies.