ECONOMY

Economy

Why orchestrating a soft landing for the high-flying economy is so tough

7:24am July 27, 2022

NPR's Leila Fadel talks to economist Claudia Sahm about interest rate hikes by the Federal Reserve, and this week's release of quarterly economic growth numbers.

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Economy

The Fed hopes another aggressive rate hike will help to tame high inflation

7:24am July 27, 2022

The Federal Reserve is expected to hike its benchmark interest rate by an additional three-quarters of a percentage point on Wednesday, as it continues to fight high inflation.

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As midterms loom, the White House is trying to tamp down fears about a recession

5:26pm July 26, 2022

by Asma Khalid

America is experiencing inflation levels it hasn't seen in decades. Now, there's talk of a possible Recession. And the Biden White House is trying to preemptively fight back against those fears.

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At the beginning of the pandemic, Michelle Milkowski started investing in penny stocks. A few months later, she bought cryptocurrency for the first time.

Economy

Amid the hype, they bought crypto near its peak. Now, they cope with painful losses

10:31am July 26, 2022

by David Gura

Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.

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A large hand flicks away a male employee

Want to lay off workers more smoothly? There's a startup for that

6:31am July 26, 2022

by Greg Rosalsky

The tech industry is in turmoil. But there's at least one startup that is thriving these days, and it's one that's helping other startups lay off workers.

The changes the Fed is making in the face of historically high inflation

5:19pm July 25, 2022

This week, the Federal Reserve will again decide whether and how much to raise interest rates to try to bring inflation under control.

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In China, the banking scandal is causing some to lose faith in the Communist Party

4:45pm July 25, 2022

by John Ruwitch

The rough treatment of bank protesters in China has cast a spotlight on an under-regulated corner of the banking system. Some depositors are questioning their faith in the ruling Communist Party.

A combination of factors is pushing some people in rural areas to consider moving closer to cities.

Inflation is crushing rural America and may even drive people to the cities

1:27pm July 25, 2022

by Ben Abrams

Inflation is hitting hard in rural America and could accelerate depopulation in some parts of the country, according to the latest analysis from one expert.

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Economy

Encore: CEOs are split over the likelihood of a recession in the U.S.

6:51am July 25, 2022

by David Gura

If the Federal Reserves moves too aggressively to combat inflation, there are fears it could trigger a recession. (Story first aired on Weekend Edition Sunday on June 12, 2022.)

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Mario Draghi, President of the European Central Bank, prepares to answer a reporter's question following a meeting of the ECB governing board on September 12, 2019 in Frankfurt am Main, Germany. Draghi announced the board had agreed to drop the ECB's key

Italy's government is in turmoil. Here's how it got there — and what's next

1:01am July 25, 2022

by Juliana Kim

Mario Draghi helped restore the country's influence and reputation. With his resignation as prime minister, stability in Italy and the rest of Europe is unclear.