The state will help determine Senate control in this year’s midterm elections.
Tag: United States Economy
Ukraine War and Pandemic Force Nations to Retreat From Globalization
Conflicts among the U.S., Russia and China — and endless Covid-19 outbreaks — strain the interdependent economy and Western ideas of post-Cold War stability.
As Inflation Surges, Biden Targets Ocean Shipping
The president is targeting shipping companies that have jacked up prices during the pandemic, but critics say bigger economic forces are at work.
As Fed Prepares to Raise Rates, Global Economy Sinks Deeper Into Turmoil
Federal Reserve officials are set to raise interest rates to control inflation, but the return to normal they had hoped to see remains painfully elusive.
U.S. and Allies Will Strip Russia of Favored Trade Status
The Biden administration said it would join Europe and other allies in stripping Russia of permanent normal trade relations, another step to inflict economic damage on the country over its invasion of Ukraine.
Biden Officials Weigh Russian Oil Ban as Gas Prices Soar
Global stocks dipped on Monday as U.S. officials discussed an oil cutoff, and gas prices hit a national average above $4, up more than 10 percent in a week.
A Key Inflation Gauge Is Still Rising, and War Could Make It Worse
The Federal Reserve’s preferred measure is at a four-decade high. Rising gas prices tied to Russia’s invasion of Ukraine could push it up further.
Federal Reserve Isn’t Likely to Change Course After Ukraine Invasion
Central bankers are poised to raise interest rates in March. The Russian invasion of Ukraine poses a risk to economic growth but will likely exacerbate inflation.
White House Prepares Curbs on Russia’s Access to U.S. Technology
Biden administration officials have warned Russia that it could face further restrictions on technology that is critical to its economy and military.
The US Economy and The Russian-Ukraine Conflict: What Does it Mean?
The Russian attack on Ukraine could push up oil and food prices globally at a time of already-high inflation. In the U.S., it will drive up uncertainty.