Economy
Economy Articles
As the central bank of the United States, Federal Reserve is charged with maintaining price stability for American consumers. The Fed targets a 2% annual inflation rate, meaning a dollar will lose 2%...
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In any capitalist economy, some level of income inequality is to be expected — but when the gap between the rich and the poor becomes wide enough and persistent enough, negative effects can begin...
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For much of his first term in office, Donald Trump presided over a relatively strong U.S. economy. From President Trump’s inauguration in January 2017 until February 2020, the month before the...
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Donald Trump was elected to office on a platform centered in part on protectionist taxes of imported goods. Still, when the full suite of tariffs were unveiled from the White House Rose Garden on...
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More so than perhaps every other wealthy, highly developed country, the United States stands out on the world stage for its high level of income inequality. According to data from the Congressional...
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With world markets reeling from the impact of President Trump’s sweeping trade tariffs, one unlikely country is quietly celebrating: Mexico. Given the acrimonious relationship between Trump and...
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We’ve heard the term “stagflation” arise again in recent months, with tariffs threatening to add a bit of heat to inflation as it cools down the economy. Undoubtedly, it’s not...
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The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it wanted to increase its oil supply. But will it be enough to lower gas prices? Why would an increase in oil...
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On March 12, 2025, President Trump announced 25% tariffs on all steel and aluminum imports entering the United States. But what will the impact of these broad tariffs be? Will they help or harm...
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Among wealthy, highly developed nations, the United States stands out for its high level of income inequality. According to the latest available data from the World Bank, income inequality is about...
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Goldman Sachs is pessimistic about the prospects for gross domestic product growth in 2025. It expects tariffs to hamper the economy, likely causing a recession.
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Income inequality has been on the rise in the United States for decades. According to a recent study from the Peter G. Peterson Foundation, a fiscal policy advocacy group, average income among the...
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Donald Trump has been threatening tariffs of various and ridiculous levels for months now, along with a slew of other economic threats and government actions to convince other countries to do what he...
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