U.S. Economy Shows Another Decline, Fanning Recession Fears
Gross domestic product, in an initial reading, fell 0.2 percent in the second quarter. President Biden said any troubles would be transitory.
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F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta
Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature. She faces an uphill climb.
Is the US in a recession? Well, that depends on whom you ask – and what measure they use
Fears that the U.S. is in recession are growing. Spencer Platt/Getty ImagesThe U.S. economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022. It follows a contraction in gross domestic product of 1.6% recorded in the first quarter of the year.
Highlights From Today’s G.D.P. Report
Inventories were a big drag on the G.D.P. number. Construction of homes and nonresidential structures declined. And federal spending fell.
Climate Change Is Probably a Drag on Growth, but It’s Unclear How Much
Plenty of long-term models show that rising temperatures are bad for the economy. Estimating the impact in real time is very tricky.
Flood risk ratings: Translating risk to future costs helps homebuyers and renters grasp the odds
Repairing storm damage is expensive, and insurance covers less than many people realize. Sean Rayford/Getty ImagesIf you look at homes on real estate websites today, you’ll likely see risk ratings for flooding, hurricanes and even wildfires.
'Rage giving': Charities can get a boost from current events, such as controversial Supreme Court rulings
Giving to a cause tied to nettlesome news may calm the nerves. Wodicka/ullstein bild via Getty ImagesWhen anger over everything from the killing of unarmed people of color to new restrictions on access to abortion bubbles over, many Americans act on it.
Tell us how the economy is affecting you.
Sharing your experience will help inform our coverage of inflation, jobs, interest rates and more.
Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation
The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.
A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession
Fed Chair Jerome Powell indicated further hikes to come. Drew Angerer/Getty ImagesThe U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.
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