United States Economy – Page 224

Beware the Ruinous Optimism of Democratic Leaders

Millions of Democratic voters can see and feel that American politics has changed in profound ways since at least the 1990s.

The Federal Reserve has the tools that it needs. Now it should use them.

The losses in China, Japan and Australia followed weakness in the United States, where stocks closed in bear market territory.

Steep downturns of stocks by 20 percent or more are relatively rare, but how long they last could portend damage — for you and the economy.

Central bankers had signaled that they would raise rates by half a point if data shaped up as expected. Inflation is instead running hotter.