Central banks live in fear of their last mistake: waiting too long to raise rates in the postpandemic boom. But there’s a difference between that boom and this oil shock.

Investors mistakenly think the oil shock will push central banks to tighten policy. 2026-04-05 09:30:00 James Mackintosh

Continue ReadingCentral banks live in fear of their last mistake: waiting too long to raise rates in the postpandemic boom. But there’s a difference between that boom and this oil shock.

Research shows that the ranks of the affluent have grown markedly, while the lower rungs of the middle class have shrunk

New research shows that the ranks of the higher earners have grown markedly over the last 50 years, while the lower rungs of the middle class have shrunk. 2026-04-05 01:00:00…

Continue ReadingResearch shows that the ranks of the affluent have grown markedly, while the lower rungs of the middle class have shrunk

President Trump didn’t attack Iran to help the U.S. economy at the expense of its allies. Nonetheless, that is more or less what’s happened, writes @greg_ip

America’s role as a major oil-and-gas exporter tempts President Trump to walk away from the Strait of Hormuz and wield leverage over others. 2026-04-04 09:30:00 Greg Ip

Continue ReadingPresident Trump didn’t attack Iran to help the U.S. economy at the expense of its allies. Nonetheless, that is more or less what’s happened, writes @greg_ip