Summer heat is taking its toll around the world. Demand for gasoline is providing Americans relief at the pump. American tourists are taking advantage of a strong dollar relative to the euro. Catch up on the latest Economics in the News. More

Is a recession needed to slow inflation? Inflation accelerated to a 40-year high. Reducing inflation is the Fed's main priority, even if it means enduring a brief recession. More

The brief two-month COVID-19 pandemic in 2020 is having long-lasting impacts on a full economic recovery. Sri Lanka's economy has collapsed. Less than half of pre-pandemic office workers have returned to the office. Catch up on the latest Economics in the News. More

US labor market remains strong; perhaps too strong. Could the strong labor market increase the likelihood of a recession by encouraging the Fed to tighten further to combat inflation when what is really needed is for more people to return to work? More