How the Inflation Rate Is Measured: 477 Government Workers at Grocery Stores

READING, Pa. — Emily Mascitis has one of the most important jobs you’ve ever known. Four years in the fastest rate at As Americans’ monthly bills Mascitis’s work confirms that $ 9 you just paid for a 4-pound bag of clementines is not an anomaly. Newsletter Sign-up The 10-Point. A personal, guided tour of the … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Ships Carrying Russian Oil for EU Considers Insurance Ban

EU officials have proposed a ban on insured ships that carry Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenues that have fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline … Read more

Fed, Lower-Income Areas for Biden Administration Float New Lending Rules

WASHINGTON — Top US banking regulators are poised to overhaul how banks leverage billions of dollars annually in low-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal for the Modernize Rules of the 1977 Community Reinvestment Act is set to be aimed at ensuring that lower-income individuals … Read more

Fed Raises Interest Rate By Half Point, Ratcheting Up Its Inflation Fight

The Federal Reserve has approved a rare half-percentage-point interest rate increase and plans to shrink its $ 9 trillion asset portfolio to a double-barreled effort in the next month. The moves, after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range of between 0.75% and 1%. Together, … Read more

The Postpandemic Normal Is Here And It Is Not That Special

There are higher inflation and interest rates than the stock market’s downdraft. This is also a sign that the economy has arrived at a new postpandemic normal — and it is not as lucrative as investors have hoped. The Pandemic Catalyzed a once-in-a-generation change in consumer, worker and company behavior: From a shift to remote … Read more

Russia’s War in Ukraine Is Straining Global Economic Cooperation

WASHINGTON — A rift between Western democracies and Russia and China is the number of policy makers to keep out of the world. The US and its Western Allies are facing the task of underestimating the 20 economic powers of a group of leaders from Russia and Ukraine. They must not only confront Russia but … Read more

Bond Runoff with Fed Prepares Double-Barreled Tightening

This Wednesday, officials will announce how they will shrink those holdings. Expect the process to be faster and more disruptive to financial markets than last time. The Fed first undertook large-scale bond buying, dubbed “quantitative easing,” during and after the 2007-09 financial crisis. At a time when the Fed’s short-term interest rate was near zero, … Read more

Xi Jinping Is Betting It All on Zero Covid

China’s Leninist political system is very good at mass mobilization but very bad at stopping mass mobilization once it has begun. Mao Zedong proved this most destructively with the Great Leap Forward in 1958. Today Xi Jinping’s bold embrace of the zero-Covid policy, in the face of an increasingly transmissible Omicron variant, is evoking Mao’s … Read more