archiveU.S. Economy

Sign up to receive CFR President Mike Froman’s analysis on the most important foreign policy story of the week, delivered to your inbox every Friday afternoon. Subscribe to The World This Week. More From Our Experts Greetings from Tokyo. More on: Japan United States U.S. Economy Trade My deep interest in Japan dates back to my days working as a young summer associate at a Japanese law firm in Tokyo in 1989. (My now-wife, Nancy, worked at the rival law firm.) In those days, Japan was in the midst of an incredible economic boom...

Rising property taxes over the past five years have exacerbated American homeowners' housing affordability struggles, with many reporting that they are now paying much more than they initially budgeted for them.According to a new survey by property tax appeal service Ownwell, 66 percent of homeowners in the U.S. say their bill is higher than they budgeted for, while three in four (74 percent) are worried about paying even more in the near future.Why It MattersBetween 2019 and 2024, property tax bills have gone up in nearly every U.S. metropolitan area,...

Following steep declines on Monday, U.S. equities continued to lose ground on Tuesday. President Donald Trump's decision to double tariffs on Canadian metal imports has fueled fears of an economic recession. Despite the bearish trend, U.S. Treasury yields climbed, accompanied by a rise in oil prices.Investors were unsettled by Trump's refusal to rule out a recession due to his trade policies. Adding to market jitters, small-business confidence dropped for the third consecutive month in February. Analysts like Phil Blancato from Osaic Wealth highlight a slowdown in consumer spending as...