The final Consumer Price Index before the midterms came in higher than expected, but price rises are likely to moderate in the months ahead.
Author: John Cassidy, The New Yorker
Breaking Down NY’s Fraud Lawsuit Against Trump
Letitia James, the New York attorney general, claims that the Trump Organization illegally obtained hundreds of millions of dollars by systematically exaggerating the value of its properties.
There’s Finally Some Encouraging News on Inflation
Barring an escalation of the war in Ukraine or a deadlier new coronavirus variant, the rate at which prices are rising appears to have peaked.
Manchin’s Latest Reversal Could Be a Game Changer
Finally, some positive news for President Biden and the Democrats despite the new G.D.P. report.
Don’t Take Surprising Drop in GDP at Face Value
Some special factors reduced headline growth in the first quarter.
Jerome Powell’s Double Message on Inflation
The Fed raised interest rates for the first time since 2018, but its chair insists the move won’t deliver a serious hit to the wider economy.
The Climate Opportunity in Supporting Ukraine
Putin’s dependence on oil-and-gas exports presents a chance to make the U.S. less beholden to fossil fuels and the autocratic governments that control them.
New York AG Increasing the Legal Pressure on Trump
A week after the former President’s accounting firm disavowed his financial statements, a New York judge has ordered him and two of his children to answer questions under oath about the Trump Organization’s financial practices.