Author: Joseph Lawler, Washington Examiner

A recent string of record-high prices in commodities as different as coffee and copper may be traced back to the same underlying cause: a U.S. economy that is running hot. The rising prices of commodities might even be a sign that the Federal Reserve is not succeeding in its efforts to drive down inflation, economists…

Mortgage rates are at their highest levels in 22 years and house prices are at record highs. Hardworking Americans cannot get on the property ladder, and retirees are struggling to sell in order to downsize. The Biden administration has done little to help alleviate the problem. This Washington Examiner series, Home Economics, will investigate how we got…

Economic sentiment and President Joe Biden‘s approval ratings are low despite strong output and employment growth for reasons both obvious and subtle. The public is gloomy about the state of the economy even though two of the most important measures of economic health are strong — namely, GDP growth has been strong in recent quarters,…

The Food and Drug Administration on Wednesday approved Eli Lilly and Company’s diabetes drug for weight loss, making it a main rival to Novo Nordisk’s Wegovy. The Lilly drug, which is already approved for diabetes management under the name Mounjaro, will be marketed by the name Zepbound. REPUBLICAN DEBATE: RON DESANTIS FIGHTS ON HOME TURF…

Median household income fell by 2.3% in 2022 on an inflation-adjusted basis, the Census Bureau reported Tuesday. The report, which is released on an annual basis and is taken from the Census’s Current Population Survey Annual Social and Economic Supplement, shows real median incomes falling for the third year in a row. Median household incomes…

The Biden administration is moving to require state and local governments to submit “equity plans” to the federal government to avoid falling afoul of fair housing rules. The Department of Housing and Urban Development submitted a proposed rule Thursday that would mandate local governments submit plans and reports relating to civil rights concerns or else…

President Joe Biden praised Pope Benedict XVI as a theologian and an inspiration in his first public comments following the death of the former pontiff at age 95. Benedict “will be remembered as a renowned theologian, with a lifetime of devotion to the Church, guided by his principles and faith,” Biden said in a statement…

Inflation rose to a 6.6% annual rate in March in the personal consumption expenditures price index, the metric favored by the Federal Reserve, the Bureau of Economic Analysis reported Friday. That is 0.3 percentage points higher than in the previous month and the fastest pace of inflation since January 1982. The report is evidence that…