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CBO: Deficits are falling now, are set to soar later

President Biden speaking about inflation and the economy earlier this month. (Photo by Drew Angerer/Getty Images)

Latest borrower squeeze: Credit card rates climb

What stagflation means and what Biden could do about it

Illustration of a dollar sign covered in cracks with pieces of tape over the cracks.
Illustration: Megan Robinson/Axios

Market sell-off won't stop Fed's interest rate hike campaign

Fed chairman Jerome Powell speaks onstage at a conference
Federal Reserve Board Chair Jerome Powell. (Photo: Samuel Corum/Getty Images)

Allianz settles charges with SEC for $1 billion

Illustration of Benjamin Franklin wearing a burglar's mask
Illustration: Sarah Grillo/Axios

Retail sales jump as prices soar at fastest pace in 40 years

People shopping in the meat aisle in a grocery store
People shop at a grocery store this month in New York City. Photo: Spencer Platt/Getty Images

The market collapse was easy to see coming

Illustration of a cracked dollar bill with water leaking out
Illustration: Sarah Grillo/Axios
Hope King
May 13, 2022 - Economy & Business

Market rout reveals crypto's growing role

illustration of gold digital coins around Ben Franklin face
Illustration: Gabriella Turrisi/Axios

Disney stock slides despite streaming gains