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Latest Headlines in Economy


Pandemic again forces delay in plans for next Davos meeting

The World Economic Forum is again delaying its much-ballyhooed annual meeting of world leaders, business executives and other elites in Davos, Switzerland.

The Marriner S. Eccles Federal Reserve building in Washington on Dec. 5, 2021.

Fed shifts to inflation battle, winding down pandemic support

Federal Reserve policymakers moved into inflation-fighting mode Wednesday, saying they would cut back more quickly on their pandemic-era stimulus at a moment of rising prices and strong economic growth, capping a challenging year with a policy shift that could usher in higher interest rates in 2022.

Larry Edelman
Price increases for gasoline, shelter, food, and vehicles last month pushed inflation to its highest level since 1982.

Stubbornly high inflation puts heat on Biden and the Fed

Economic forecasting is tough to do with precision. The pandemic vastly complicated matters by distorting consumer spending patterns, disrupting supply lines, and leaving many companies short of workers.

Randal Quarles, vice chairman of supervision at the U.S. Federal Reserve, speaks during the Milken Institute Global Conference in Beverly Hills, Calif., on Oct. 20, 2021.

Randal Quarles to leave Fed’s board, giving Biden another slot

He will resign from the Federal Reserve’s Board of Governors at the end of the year after completing a four-year term as its top bank regulator.

Larry Edelman
The Moderna headquarters in Cambridge.

Moderna millionaires and the double-edged sword of stock market riches

The state's thriving life sciences and tech sectors are creating fortunes, bolstering the economy — and widening the wealth gap.

A shopper browses in the meat section at an Aldi Stores Ltd. food market in Illinois in 2017.

US consumer spending up a modest 0.6 percent with inflation high

Friday’s report from the Commerce Department also showed that personal incomes, which provide the fuel for spending, fell 1 percent in September the biggest decline in four months.

A sign advertising for workers stands outside a Hy-Vee grocery store in Sioux Falls, S.D.

US weekly jobless claims drop to pandemic low

Weekly jobless claims dropped by 10,000 to 281,000, the lowest since mid-March 2020, the Labor Department said Thursday.

Seven jobs that will never be the same after the pandemic

From restaurants to retail to warehouses, some types of work have fallen out of favor, worsening the labor shortage.