Breaking GroundOlympics 2024I've Always Wondered ...My EconomyElection 2024

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One week, three central bank meetings

by Elizabeth Trovall
Jul 29, 2024
In meetings this week, central bankers will consider cutting interest rates in the U.S. and U.K., while rate hikes could be on the table in Japan.
While goods price inflation has fallen in the U.K., services prices remain very sticky.
Yui Mok/POOL/AFP
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Why birth order could make a difference in your career prospects

by Daniel Ackerman
Jul 29, 2024
Older siblings have an economic leg up on their younger counterparts, according to a growing body of economic research.
Some older siblings have better economic outlooks than their younger counterparts, research shows.
The Montifraulo Collection/Getty Images
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A Warmer World

The EPA will dole out $4.3 billion to cut greenhouse gas emissions over the next six years

by Caleigh Wells
Jul 29, 2024
Hundreds of local municipalities, states and tribes applied to get a share of the money; 25 made the cut.
Roughly $1.2 billion from the Inflation Reduction Act's funds earmarked for pollution reduction will go toward transportation, like Austin's light rail system.
Courtesy Austin Transit Partnership
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New study indicates finances are putting some adults off having children

by Samantha Fields
Jul 29, 2024
The survey from the Pew Research Center says child care costs and student debt are among the factors dissuading potential parents.
Sean Gallup/Getty Images
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What's putting the brakes on demand for EVs?

by Mitchell Hartman
Jul 29, 2024
Tesla announced its auto revenues are down, and GM is delaying a new electric truck manufacturing plant.
Production of additional lower-cost electric vehicles could help boost domestic EV sales.
Justin Sullivan/Getty Images
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I've Always Wondered ...

Does the Fed actually set interest rates?

by Janet Nguyen
Jul 26, 2024
The Fed has a series of tools in its arsenal to influence interest rates, including the all-important federal funds rate.
When interest rates go down, the cost of borrowing money goes down too.
NanoStockk/Getty Images Plus
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"This Is Uncomfortable" Newsletter

For Sarah Thankam Mathews, organizing is about people and potential

by Zoë Saunders and Tony Wagner
Jul 26, 2024
The “All This Could Be Different” author chatted with us about embarrassed millionaires, mutual aid and Milwaukee.
Courtesy Dondre Stuetley/Penguin Random House
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My Analog Life

Ex-inventory clerk ticks off memories of counting merchandise

by Maria Hollenhorst
Jul 26, 2024
Before barcodes and electronic management systems, there were inventory clerks with pens and clipboards.
Before electronic inventory management systems came on line in the 1980s and '90s, retailers counted inventory by hand.
Brandon Bell/Getty Images
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Consumers are saving the least since 2022, despite "pretty, pretty good" economy

by Stephanie Hughes
Jul 26, 2024
Incomes are up, consumption is up too — but the personal savings rate is down to 3.4%.
Higher interest rates and avid credit card use are among the reasons many Americans have little left over after buying essentials.
SDI Productions/Getty Images
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Why is manufacturing activity up in some regions and down in others?

by Daniel Ackerman
Jul 26, 2024
Different parts of the country make different products and often respond distinctly to economic trends.
Manufacturers' response to economic shocks depends in part on where they're located.
Scott Olson/Getty Images
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