Powell subscribes to a popular mindset among central bankers that inflation is most influenced by expectations — in essence, that it becomes a self-fulfilling prophecy if business leaders, investors and the public think inflation will […]
William DeShazer | Reuters Line workers begin installing the interior and electronics on the flex line at Nissan Motor Co’s automobile manufacturing plant in Smyrna, Tennessee, August 23, 2018. U.S. productivity grew at a rate […]
The U.S. trade deficit ballooned in December to a 10-year high of $59.8 billion, well ahead of expectations, despite President Donald Trump’s efforts to reduce the number, the Commerce Department reported Wednesday. Economists surveyed by […]
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