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Stable Labor Market Keeps Fed on Track to Raise Rates Gradually

The Federal Reserve decided against raising interest rates at its meeting last week, but it is widely expected to move again in December to help tame inflation.

© Alex Wong/Getty Images

Kevin Warsh, Fed chairman, has settled on raising interest rates gradually as it seeks to tame inflation.

In Victory, Democrats See Economic Mandate to Cut Costs and Curtail Trump

Some Democrats quickly signaled they could try to roll back the president’s tax and trade policies, ignoring his early veto threats.

© Doug Mills/The New York Times

President Trump frequently shrugged off affordability as a “hoax” issue, as he bragged to voters across the country that the economy was stronger than it had ever been.

In Victory, Democrats See Economic Mandate to Cut Costs and Curtail Trump

Some Democrats quickly signaled they could try to roll back the president’s tax and trade policies, ignoring his early veto threats.

© Doug Mills/The New York Times

President Trump frequently shrugged off affordability as a “hoax” issue, as he bragged to voters across the country that the economy was stronger than it had ever been.

What’s at Stake in Today’s Elections

Though President Trump’s name is not on the ballot, voters are weighing the effects of his agenda in Tuesday’s midterm elections. Lisa Lerer, a national political reporter for The New York Times, describes how three crucial issues are affecting their decisions.

William Nordhaus Pioneered Putting a Price on Pollution

Economist William Nordhaus said putting a price on pollution was the best way to reduce climate change. Then came the fossil fuel lobby and the anti-tax movement.

© Monica Jorge for The New York Times

William Nordhaus in his Yale University office in New Haven, Conn., in 2018.

William Nordhaus Pioneered Putting a Price on Pollution

Economist William Nordhaus said putting a price on pollution was the best way to reduce climate change. Then came the fossil fuel lobby and the anti-tax movement.

© Monica Jorge for The New York Times

William Nordhaus in his Yale University office in New Haven, Conn., in 2018.

Trump’s Tariffs Are On the Ballot in Michigan

The levies as well as trade fighting with Canada are facing a test in the state, where voters appear skeptical of free trade but also of the president’s erratic approach.

© Sylvia Jarrus for The New York Times

Atomic Industries in Michigan manufactures products for automotive and defense customers. On balance, its executives say, President Trump’s tariffs have been helpful to the business.

High Prices Haunt Trump and the GOP on Eve of the Midterms

A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.

© Doug Mills/The New York Times

President Trump at a campaign event on Tuesday in Lubbock, Texas, where he talked about the political forces that had propelled his return to office, including high prices.

High Prices Haunt Trump and the GOP on Eve of the Midterms

A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.

© Doug Mills/The New York Times

President Trump at a campaign event on Tuesday in Lubbock, Texas, where he talked about the political forces that had propelled his return to office, including high prices.

U.S. GDP Increased 3.4% in Third Quarter

The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.

© The New York Times

Inflation Accelerated in October, PCE Index Shows

The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.

© Ben Stansall/Agence France-Presse — Getty Images

A factor pushing prices up this year has been a severe energy crunch created by the war with Iran that sent oil prices soaring.

In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation

Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.

© Julia Demaree Nikhinson/Associated Press

Federal Reserve Board Chairman Kevin Warsh speaking on Wednesday.

Fed Holds Rates Steady Despite Lack of Progress on Inflation

Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

© Athit Perawongmetha/Reuters

Kevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.
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