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Lowest-paid workers will likely feel the pinch of cooling economy first

Jun 23, 2022
Those same workers have seen their wages grow faster than the overall average in the last year thanks to the labor shortage.
Workers in low-paid environments, like restaurants and bars, saw some of the biggest wage gains during the pandemic.
Scott Heins/Getty Images

The Fed's heightened rates are still way below historic levels

Jun 23, 2022
Trevon Logan, professor of economics at The Ohio State University, says we're looking at a "new normal" for the federal funds rate.
Karen Bleier/AFP via Getty Images

Inflation's a global problem. Curbing it may send some countries' economies into recession.

Jun 16, 2022
The U.S. economy might have an easier time achieving a "soft landing" than economies in Europe and elsewhere.
Europe has not yet reached pre-pandemic employment or output levels, and the ECB has signaled an interest rate hike next month. Above, the European Central Bank headquarters in Frankfurt, Germany.
Daniel Roland/AFP via Getty Images

European Central Bank announces plans to raise its key interest rate

Jun 9, 2022
It'll also end its large-scale bond-buying program. Central bankers are trying to tame inflation — like their U.S. counterparts at the Federal Reserve.
The European Central Bank said Thursday it plans to start raising its key interest rate next month.
Daniel Roland/AFP via Getty Images

The dollar's strong right now. That's a problem for American companies doing business abroad.

Jun 7, 2022
But it's great for Americans who want to buy imports.
A strong U.S. dollar is great for Americans who want to buy foreign products. For American companies that sell products abroad? Not so much.
Matt Cardy/Getty Images

Some companies have warned they'll earn less than expected. Here's why.

Jun 6, 2022
For some, it's about consumers spending less. For others, it's about other businesses spending less.
Snap recently lowered its revenue forecast as businesses rein in advertising.
Robyn Beck/AFP via Getty Images

Millions have joined the labor force in the past year

Jun 3, 2022
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
Labor force participation is up, and economists hope it continues to rise.
Olivier Douliery/AFP via Getty Images

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Wages are still growing in many sectors that need that growth

Jun 3, 2022
That may be a sign that the overheated job market is cooling down.
Wages went up in leisure and hospitality — just in time for summer.
Mark Makela/Getty Images
The Fed started letting some of its mortgage bonds expire in 2017. But then the pandemic hit, and the economy needed help again.
Stefani Reynolds/AFP via Getty Images

Could the tight labor market finally ease?

Jun 2, 2022
A slowing economy could help bring worker supply and demand back into balance.
Those who are sitting out of the job market may be forced back in when they feel the pinch of inflation.
Justin Sullivan/Getty Images