Fed officials all but retired the question that had dominated their debates for the past two years—whether to cut interest rates—and began at their meeting last month to more seriously weigh whether to raise them

The Middle East war and an AI boom have reshaped the interest-rate outlook ahead of a leadership transition at the central bank. 2026-05-20 18:03:00 Nick Timiraos

Continue ReadingFed officials all but retired the question that had dominated their debates for the past two years—whether to cut interest rates—and began at their meeting last month to more seriously weigh whether to raise them

In 2022, Los Angeles voters approved a new tax on sales of the city’s most expensive properties. Opponents of the levy say it is making L.A.’s housing shortage worse.

Developers say the levy is making L.A.’s housing shortage worse. The city is considering changes. 2026-05-20 16:00:00 Paul Kiernan

Continue ReadingIn 2022, Los Angeles voters approved a new tax on sales of the city’s most expensive properties. Opponents of the levy say it is making L.A.’s housing shortage worse.

European lawmakers reached a provisional deal to remove some import tariffs on U.S. goods, as part of the trade deal signed last summer

Lawmakers reached a provisional deal to remove some import tariffs ahead of a deadline set by Trump that would ramp up tariffs on cars. 2026-05-20 09:28:00 Ed Frankl

Continue ReadingEuropean lawmakers reached a provisional deal to remove some import tariffs on U.S. goods, as part of the trade deal signed last summer