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The Latest Breaking News from Justin Wolfers

Is the economy headed for recession or a soft landing?

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.

WEKU

The market is watching the Fed like a hawk to see when it pivots. Too bad the Fed is split on what to do

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.

Fortune

Pausing interest rate hikes would be the Fed’s ‘worst mistake,’ Citadel’s Griffin says

Despite recession fears and inflation seemingly receding, Griffin says the Federal Reserve should stay the course with interest rate hikes.

Fortune

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Rising Grocery Prices Pushed Annual Inflation to 8.3 Percent in August

Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.

Reason

Can we avoid a recession? What we can learn from the Kiwis

New Zealand property prices have fallen every month this year following a series of punishing interest rate hikes that began last October. So far, the hikes have yet to dent inflation.

ABC News

Biden's Plan To Ease Gas Prices Will Save Drivers a Few Cents at Some Pumps…2 Months From Now

Plus: Why high inflation is getting more attention than low unemployment, how to make supply chains more resilient, and more...

Reason

Rampant inflation, anxiety stymie Biden effort to focus on strong economic growth

WASHINGTON — It’s a maxim in politics: Bad economic news trumps the good. And that is what scares President Joe Biden and the Democrats.

Los Angeles Times

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Biden cites economic gains, but voters see much more to do

President Joe Biden is turning his focus to kitchen-table issues as he struggles to get credit for a recovering economy in the lead-up to the midterm elections

The Independent UK

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