U.S. Economy and Business News

The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.

By Jeanna Smialek

Participation in the labor force has surged among women in their prime working years. But for those with children under 5, the gains may have peaked.

By Sydney Ember

Gross domestic product rose at a 2.8 percent annual rate in the second quarter, new evidence of the economy’s resilience despite high interest rates.

By Ben Casselman

Shifting views on the economy have led to a “rotation” in the stock market. Small stocks and companies geared toward the economic cycle are rising. Big Tech is lagging.

By Joe Rennison

The former president’s comments on E.V.s have shifted since he has grown more friendly with Elon Musk, the billionaire head of Tesla.

By Lisa Friedman

Much of President Biden’s agenda polls well, but voters roundly dislike his handling of the economy. That’s a campaign challenge for his vice president, as she mounts a presidential bid.

By Jim Tankersley

A proposal to make landlords’ tax breaks contingent on rent limits has drawn industry pushback, progressive applause and some alternative approaches.

By Talmon Joseph Smith

Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

By Ana Swanson, Andrew Duehren and Luke Broadwater

High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.

By Rebecca F. Elliott and Desiree Rios

Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering why officials would wait.

By Jeanna Smialek