President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers. Source: NYT > Business – Jim Tankersley
Is This August of Financial Troubles More Like 1998 or 2007?
A search for historical parallels offers both reassurance and angst. Source: NYT > Business – Neil Irwin
Yes, There Is a Trade-Off Between Inflation and Unemployment
With unemployment and inflation now low, it might seem that their relationship no longer matters. Not so fast, says the economist N. Gregory Mankiw. Source: NYT > Business – N. Gregory Mankiw
Help for the Economy? Despite Grumbling, Trump Has Had Plenty
The Fed and Congress have given President Trump the most growth-friendly climate in decades. But the trade war may test its limits. Source: NYT > Business – Jim Tankersley, Jeanna Smialek and Ben Casselman
‘Ready to Rumble’: U.S.-China Fight Puts World Economy on the Brink
A trade war spills into the realm of currency, with no end in sight. Source: NYT > Business – Neil Irwin
Fed Wants Workers to Get Pay Faster
The Federal Reserve will create a real-time payment system aimed at narrowing the gap between when pay is deposited and when it is available. Source: NYT > Business – Jeanna Smialek