Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

New York Times - Sep 16, 2026

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

More News

Oct 14, 2024

Economists expect higher inflation, deficits, interest rates under Trump than Harris: Poll

Economists expect higher inflation, national deficits and interest rates under former President Trump’s proposed agenda than under policies proposed by Vice President Harris, a new survey by The Wall Street Journal finds. In the survey conducted Oct. 4-8, 68 percent of respondents said they think inflation would rise faster under a second Trump term than...

Oct 14, 2024

Amid Sewage Spills and Rising Prices, Calls to Nationalize Water in England

Four decades after privatization, calls to nationalize the water industry have swept across England and Wales amid sewage spills and rising household bills.

Oct 14, 2024

Can Corporate America Help Harris Win Pennsylvania?

The vice president has raised huge sums and has won over many business leaders. Despite that, the presidential race remains tight in battleground states.

Oct 14, 2024

BizFocus Ep.110: Post-90s fuel fresh growth in Greater Bay Area

Oct 14, 2024

Bath & Body Works apologizes for candle designed with what looked like KKK hoods

Bath & Body Works apologized for selling a winter-themed candle that came under scrutiny for label imagery that drew comparisons to Ku Klux Klan hoods, according to multiple reports. The candle, called “Snowed In,” includes a label image of a paper snowflake, whose side-by-side diamond shapes each have a pointed top and two holes cut out, resembling openings for a person's eyes. Bath...

Oct 14, 2024

Spanish firm set to buy Harland and Wolff

Spain’s state-owned shipbuilder Navantia is in exclusive talks to buy the Belfast-based shipyard.

Oct 14, 2024

Cyber wars and global collaboration: Huawei executive on cybersecurity

"Cybersecurity is no longer a weapon of mass disruption but of mass destruction, because it can kill lives," said Aloysius Cheang, Huawei's president of Cybersecurity & Privacy Protection and chief security officer for the Middle East and Central Asia, stressing the increasingly dangerous nature of cyberattacks.

Oct 14, 2024

China's economy shows stable overall performance

China's economy has continued to improve and made steady progress in high-quality development, amidst a complex and ever-evolving international landscape.

Oct 14, 2024

China's yuan loans grow by 16.02 trillion yuan in first 3 quarters

China's yuan-denominated loans rose by 16.02 trillion yuan (about $2.27 trillion) in the first three quarters of the year. The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 6.8 percent year on year to 309.48 trillion yuan at the end of September.

Oct 14, 2024

China to enhance catalytic role of government investment

On September 26, the Political Bureau of the Central Committee of the Communist Party of China convened a meeting to analyze the current economic situation and outline the next steps for economic work. This meeting not only signaled a shift in China's macroeconomic policy but also showed the country's confidence in achieving its annual economic and social development goals, rallying the entire society to drive sustained economic recovery and improvement.

Oct 14, 2024

Ensuring rule-based high-quality development of the private sector

A draft law on China's private sector promotion was released to solicit public opinions last week, marking a significant milestone in the construction of a law-based business environment in China.

Oct 14, 2024

How Kamala Harris’s Economic Plan Has Been Shaped by Business Leaders

The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.

Oct 14, 2024

How Kamala Harris’s Economic Plan Has Been Shaped by Business Leaders

The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.

Oct 14, 2024

China’s Stock Markets Rebound on Promises to Help Businesses

Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.

Oct 14, 2024

China reports 5.3% growth in foreign trade over first three quarters

China's foreign trade surged robustly in the first three quarters of 2024, surpassing the 32 trillion yuan ($4.44 trillion) mark for the first time during this period.

Oct 14, 2024

‘I lost £165k to fraud in an hour’ - customers say they were let down by Revolut

Revolut was named in more complaints about fraud last year than any of the UK’s biggest banks or e-money services.

Oct 14, 2024

TSMC 3rd-quarter profit to jump by 40% amid rising chip demand

Oct 14, 2024

John F. Kennedy Jr.’s 1990s-Era Magazine Is Back, With a QAnon Twist

It is a reanimation story strange enough for a zombie movie, made possible by the fact that the original George trademark lapsed, only to be secured by a conservative lawyer.

Oct 14, 2024

Evan Gershkovich, U.S. Journalist Imprisoned in Russia, Will Publish a Memoir

The memoir, which will cover his time in prison and Russia’s move toward autocracy, will be published by Crown, an imprint of Penguin Random House.

Oct 13, 2024

Dreaming of diamonds: Generations dig for fortune in India's gem town

In Panna, families hunt for diamonds hoping to strike rich and escape the cycle of poverty.

Oct 13, 2024

Thousands of cars that crash in US are ending up in Russia

The South Caucasus nation of Georgia has a huge used car market, with many vehicles finding their way over the border.

Oct 13, 2024

The Secretive Dynasty That Controls the Boar’s Head Brand

The deli-meat company made its owners fabulously wealthy. But they have remained silent, even as the company faces the biggest scandal in its history.

Oct 13, 2024

Watch: Why is the latest SpaceX rocket test a big deal?

The BBC's Pallab Ghosh explores why this world first test is a big deal for space exploration.

Oct 13, 2024

Fisher-Price Recalls ‘Snuga Swings’ Linked to Five Infant Deaths

The U.S. Consumer Product Safety Commission announced the recall, which one of its commissioners said was “doomed to fail.”

Oct 13, 2024

How Roger Goodell Made the NFL the World’s Wealthiest Sports League

Under the expansionist leadership of its commissioner, the National Football League is growing richer and richer. So, too, is Mr. Goodell.

Oct 13, 2024

Pakistan hosting SCO meeting is a turning point for regional diplomacy

Oct 13, 2024

Executives and Research Disagree About Hybrid Work. Why?

Companies like Amazon have required a return to the office five days a week despite findings showing benefits to employers that allow some remote days.

Oct 13, 2024

Mortgage costs 'unlikely' to return to low levels

The boss of the UK's biggest lender says mortgage costs are unlikely to fall to levels seen in the past decade.

Oct 13, 2024

Budget rule change could mean more money to build hospitals

Here is how the chancellor could choose to tweak the government's borrowing rules to free up more cash.

Oct 13, 2024

Port plan to go ahead after row over minister's comments

A £1bn investment will take place, despite a row with the owner of P&O Ferries, says the business secretary.

Oct 13, 2024

Why Millennials Prioritize Spending Money to Improve Their Lives

Placing a high value on personal growth, millennials and Gen Z appear more likely than older generations to make hobbies and nonessential purchases a spending priority.

Oct 13, 2024

Work Advice: How Can I Get My Male Boss to Notice Me?

When there are men in the room, a female colleague is made to feel invisible.

Oct 13, 2024

Filmed in New York, Hold the Taxis and Radiators

When independent movies like “Rosemead” travel to a state for tax incentives, they save money but add creative challenges.

Oct 13, 2024

China's consumer prices rose moderately in September

China's consumer prices rose moderately in September. Experts say that market demand is set to rise following the introduction of powerful new policies aimed at stimulating the economy.

Oct 13, 2024

California Rejects Bid for More Frequent SpaceX Launches

A commission denied a request to increase the number of rocket launches on the state’s central coast, citing environmental concerns.

Oct 12, 2024

Fitch Ratings Issues Warning About France’s Finances

A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.