Why inflation hits harder, depending on who you are

Apr 25, 2022
People who spend a bigger chunk of their budget on gas and groceries are disproportionately impacted by rising prices.
We all have our own personal inflation rate, depending on what we buy. Above, a shopper at a grocery store in Los Angeles.
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UN forum set to focus on economic rights of Indigenous peoples

Apr 25, 2022
Tribal law experts say corporations working in Indigenous territories should seek consent rather than mere consultation.
Activists protest against the the Dakota Access Pipeline in Washington, D.C. in 2017. The pipeline, said University of Colorado professor Kristen Carpenter, is a prime example of the importance of affirmative consent by Indigenous people.
Brendan Smialowski/AFP via Getty Images

Global economic growth will be almost cut in half this year — or will it?

Apr 19, 2022
The IMF forecasts a slowdown in growth from 6.1% in 2021 to 3.6% in 2022. But the pandemic and the war could change its outlook.
The uncertainties of the pandemic and the Russia-Ukraine war make it especially difficult to predict future economic conditions. Above, inside the New York Stock Exchange.
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What are stablecoins, and why are regulators worried about them?

Apr 18, 2022
The cryptocurrencies — pegged to "real" currencies that aren't supposed to fluctuate in value — are the bedrock of the crypto economy.
Stablecoins are involved in roughly 80% of cryptocurrency trading and lending transactions and aren't supposed to fluctuate in value. But the Treasury Department is concerned about the potential for a stablecoin run.
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The customs business has become all about handling the unexpected

Apr 13, 2022
"Everything is just a constant pivot," says Gretchen Blough, a customs broker in Erie, Pennsylvania.
"There hasn't been a lot of warning to some of the issues that have happened, and we've just had to make do," Gretchen Blough says of the customs business.
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Why taming inflation can take so long

Apr 12, 2022
There's a "long and variable lag" between monetary policy starting to control inflation and inflation responding in a substantial way.
Even with the Fed's interest rate hikes, curbing inflation might take a year, or even two.
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Global food prices reach all-time high

Apr 8, 2022
The United Nations’ index of global food prices rose 12.6% in March, increasing the risk of hunger in the developing world.
In Egypt, the government subsidized bread so much that it costs consumers less than the value of the grain it's made with, leading to waste.
Khaled Desouki/AFP via Getty Images

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Another cure for inflation? Making markets more competitive.

Apr 1, 2022
Companies facing few competitors can hike prices more easily than those in competitive markets.
The economic theory behind this is that companies in markets with more players aren't able to pass higher costs on to consumers as easily.
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How Russian sanctions could speed up the corrosion of globalization

Mar 23, 2022
Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.
As globalization corrodes, Adam Posen argues, American consumers could see a smaller variety of goods at higher prices.
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Trade deals improve relations with U.S. allies — gradually

Mar 23, 2022
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.
Shipping containers at Seaforth Dock in Liverpool. In the latest trade deal, U.S. tariffs are being replaced with import quotas.
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