Slowed inventory growth and a surge in imports have a lot to do with it. Plus: The socioeconomic diversity of economists, and Japan’s low interest rates.
The downturn isn’t surprising, considering inventories grew by a record amount the quarter before.
Global turmoil put a cap on U.S. exports, while the easing of supply chain snags allowed Americans to import more.
While some major central banks tighten monetary policy to fight inflation, the Bank of Japan is taking a very different approach.
A new working paper analyzing socioeconomic diversity in the economics profession finds it sorely lacking.
The war in Ukraine is forcing the U.S. to reconsider its dependence on oil.
The worst team in last year’s league gets first pick from the new crop of players turning pro.