NYT > Business > Economy

They Graduated Into the ‘Bleakest Job Market.’ Now It’s Their Children’s Turn.

The New York Times profiled young job seekers in 1991. Today, their own children are entering a work force in flux.
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Inflation Fears Cloud G7 Economic Agenda as Iran War Persists

The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.
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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92

He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.
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G7 Finance Ministers Look to Contain Iran Economic Fallout

Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.
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China Indicates Tariffs Were Discussed at Trump Summit

China’s Ministry of Commerce said Saturday that the countries had struck a preliminary agreement to reduce some tariffs, seemingly contradicting statements by President Trump
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Trump Touts ‘Fantastic Trade Deals’ With China, but Details Are Scarce

The president left Beijing following a summit with China, during which the two countries sought to stabilize their economic and political relations.
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Trump’s Iran War Is Punishing America’s Working Class

Higher fuel prices are a burden on low-income families.
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A Fact Check of Trump’s Claims on Inflation and Gas Prices in Iran War

He has minimized soaring gas prices, rising inflation and the American economy’s need for the Strait of Hormuz.
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What People in China Say of Trump

Residents in four Chinese cities described a mixture of amusement and anger, blaming U.S. tensions for a slowing economy and rising fuel prices.
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What to Watch at Trump and Xi’s U.S.-China Summit

Here’s what to know about the biggest sources of tension in U.S.-China relations before the first summit in Beijing in nine years between the nations’ leaders.
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Why the Bombing of Iran Tied the U.S. More Closely to China

As the U.S. tries to rebuild its weapons stockpiles drained in the Iran war, it will need access to rare-earth minerals, an industry China dominates.
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Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court

The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
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Trump’s Shrinking Ambitions on China

The president came into office planning harsher trade moves on China than on the rest of the world. Here’s why he’s had to scale them back.
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What to know about the report.


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CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran

The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.
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How the U.S. Is Trying to Ensure the Dollar’s Dominance During Economic Turmoil

As the government has been devising plans to keep the dollar dominant, China has been making its own moves to increase global influence of the renminbi.
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Which Trump Tariffs Are in Place, in the Works or Ruled Illegal

The president has reworked his tariffs repeatedly — sometimes because they have been declared illegal — with more updates still to come.
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What to know about the report.


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Federal Reserve Turns Focus to Inflation as Job Market Stabilizes

April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.
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With fuel costs soaring, Trump insists the economy is strong.

White House aides have sounded bullish on the jobs report, even as warning signs mount amid the war with Iran.
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