Category Economy

The economy is more than markets and headlines. We examine jobs, wages, inflation, housing, business, and financial systems to understand who benefits, who is left behind, and what the numbers actually mean.

Strong Hiring Is Becoming Bad News for Borrowers

A healthy labor market is reassuring investors. It may also be keeping mortgages, credit cards, and auto loans more expensive for everyone else. Stronger-than-expected U.S. employment data this week increased market expectations that the Federal Reserve could keep interest rates elevated for…