Economy

Companies facing few competitors can hike prices more easily than those in competitive markets.

Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.

A new trade deal with the U.K. will erase Trump-era tariffs on steel and aluminum imported into the U.S., and motorcycles and whiskey exported to the U.K.

These neighbors of Russia played no part in Putin’s invasion, but they are caught in the economic crossfire triggered by sanctions.

Bringing the economy in for a “soft landing” — taming inflation without bringing on a recession — has proven difficult for the Fed in the past.

But it’s not necessarily the pandemic that’s driving it. Three businesses on three continents share what they’re seeing.

Recent numbers suggest this economy is increasingly shrugging its shoulders at the pandemic.

“There are going to be lingering scarring effects,” economist Michelle Holder said.

Rising prices for staples like food and gas was a key worry for respondents, along with concerns about COVID and political power.

“So much is good about the recovery,” said Wendy Edelberg of the Brookings Institution. Yet “we’re still in the midst of chaos.”