The European Central Bank is on the brink of a jumbo three-quarter-point increase in interest rates to wrest back control over record inflation, even as
Prominent economists including Larry Summers predict a recession is coming. Half of Americans think the U.S. is already in one, according to a Wall Street
Inflation is high, but U.S. consumers’ relative purchasing power has never been higher. An index that considers inflation when measuring the dollar’s strength relative to
Brussels is pushing for national windfall taxes on energy companies’ inflated earnings to counter what European Commission president Ursula von der Leyen described as “astronomic”