Labor’s share of economic output just hit an all-time low, while the profit share hit a near-record. The divide helps explain why consumers feel so glum, writes @greg_ip

While many companies raised prices of goods and services at the start of the new fiscal year, gasoline and education subsidies helped curb inflation. Source […]

Boston Federal Reserve President Susan Collins said she envisions a prolonged stretch of steady interest rates, and could envision a scenario that requires some policy […]

U.S. PCE inflation figures will likely mark the highlight among economic data due in the coming week as investors increasingly anticipate that the Federal Reserve’s […]