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Obamacare Dealt Yet Another Blow as Premiums Rise Again

Premiums will jump by 13 percent for next year, though much of the price increase will be offset by subsidies. But customers who earn over $64,000 will pay more, on top of this year’s huge increases.

© Scott McIntyre for The New York Times

The average price of health insurance in the Obamacare marketplaces will rise by 13 percent next year.
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High Prices Haunt Trump and the GOP on Eve of the Midterms

A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.

© Doug Mills/The New York Times

President Trump at a campaign event on Tuesday in Lubbock, Texas, where he talked about the political forces that had propelled his return to office, including high prices.
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U.S. GDP Increased 3.4% in Third Quarter

The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.

© The New York Times

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Inflation Accelerated in October, PCE Index Shows

The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.

© Ben Stansall/Agence France-Presse — Getty Images

A factor pushing prices up this year has been a severe energy crunch created by the war with Iran that sent oil prices soaring.
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Christine Lagarde to Step Down as President of European Central Bank

Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.

© Heiko Becker/Reuters

Christine Lagarde’s appointment as the European Central Bank’s first woman president was the latest step in a career of breaking gender barriers, while also contending with economic crises.
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The Fed Risks Falling Behind in its Inflation Fight

Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.

© Julia Demaree Nikhinson/Associated Press

Federal Reserve Board Chairman Kevin Warsh speaking on Wednesday.
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Fed Holds Rates Steady Despite Lack of Progress on Inflation

Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

© Athit Perawongmetha/Reuters

Kevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.
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The Federal Reserve Will Release Its Interest Rate Decision Today. Here’s What to Watch.

The central bank is widely expected to hold interest rates steady on Wednesday, just days before the midterm elections.

© Al Drago for The New York Times

The Federal Reserve is expected to press pause on raising interest rates after delivering a rate increase last month for the first time since 2023.
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A Punishing Housing Market Is Squeezing Renters

Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.

© Grant Hindsley for The New York Times

Higher mortgage rates are pushing aspiring homeowners to keep renting, intensifying competition in the rental market.
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.

Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.

© Athit Perawongmetha/Reuters

Kevin M. Warsh, chairman of the Federal Reserve, said that the central bank had more work to do to tame inflation, but that there was no urgency to raise rates at consecutive meetings.
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.

Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.

© Athit Perawongmetha/Reuters

Kevin M. Warsh, chairman of the Federal Reserve, said that the central bank had more work to do to tame inflation, but that there was no urgency to raise rates at consecutive meetings.
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Can’t Afford a Home. Can’t Afford a Baby. Can’t Afford Life. This Is 30.

They’re trying to build middle-class lives in New York. But many 30-year-olds in the city feel worse off than their parents. Is it average adult angst? Or something more enduring?

© Todd Heisler/The New York Times

People in their early 30s make up the largest age cohort in the United States. They’re feeling priced out of adulthood.
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Italy’s Young Protesters Return to the Streets

Fed up with the political establishment and rising cost of living, demonstrators hoped to make their message heard after violence overshadowed protests last weekend.

© Yara Nardi/Reuters

Young people protested the rising cost of living in Milan on Saturday, a week after similar demonstrations in cities across northern Italy ended in violent clashes and looting.
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