Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates.
THERE’S NO SHORTAGE OF CRISES: A bloated U.S. debt and a jittery bond market; the unwillingness of Vladimir Putin to negotiate, etc. But there’s one crisis that dwarfs all the rest: Iran.
DONALD TRUMP is eager to proclaim victory on trade deals. What a transformation — he finally listened to the critics and he now has made it clear that the virulent market reaction drove him to this tariff reversal.