Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 247 claims in Economy with evidence either way, 93% held up.
Showing 21-40 of 1595 claims
The rial dropped 4 percent against the dollar in the black market.
Iran’s economy has tanked in recent years, suffering not just from the American sanctions but from chronic mismanagement and corruption as well.
Iran’s economic situation, already dire with water and power shortages, staggering budget deficits and a devalued currency, is now expected to deteriorate even further.
The Fed should have cut by half a point today, because it is essentially acknowledging it should have cut last time.
Young people just out of college, lower-income earners and retirees on fixed incomes are increasingly struggling, given high and still-rising prices, a stagnant job market and a lack of housing supply.
The unemployment rate is 4.3 percent.
Core inflation, excluding items like food and energy, has been running at a 3 percent rate.
The Federal Reserve met this week and the least interesting thing it did was cut interest rates.
High-income earners with homes and equities have rising levels of wealth and continue to spend.
Officials on Wednesday are expected to lower borrowing costs for the first time in nine months.
Policymakers are likely to deliver a quarter-point cut, which would bring interest rates down to a new range of 4 percent to 4.25 percent.
Mr. Miran will have the opportunity to influence the Fed’s debate on interest rates from the start.
Officials at the Federal Reserve gathered on Tuesday for a meeting unlike any other.
Stephen Miran was just approved to serve on Monday.
Mr. Miran believes those duties have not caused inflation.
Iran has become exceptionally skilled at using shadow banking, intermediary shipping labels, and regional barter to circumvent Western restrictions.
Iran’s crude shipments to China reached a record high in June 2025, averaging up to 1.8 million barrels per day.
He’d helped raise $43 million for hurricane relief through his father’s Hispanic Federation, and all the profits from “Hamilton” in Puerto Rico (eventually totaling $15 million) would go to the island’s arts organizations.
Officials at the Fed are deliberating when and by how much to lower interest rates after a long pause.
Iran and the US are navigating mounting economic and geopolitical constraints.
Recently analyzed in Economy
While some price increases stemmed from tariffs on imports, other factors like housing and food costs played a larger role.
June inflation hit its highest level since February, fueled by Trump's tariffs increasing prices on various goods.
Prices are now starting to rise because of tariffs.
The risk is that investors begin to doubt that the United States will pay back its debts and start demanding higher interest rates, stunting borrowing across the economy.
The New York Times
The country is still on track to borrow what economists consider an alarming amount of money in the coming years.
The New York Times