Nestled just below Michigan in northern Indiana sits the RV capital of the world. The city of Elkhart earned that moniker for the dominant role it plays in the production of recreational vehicles, with nearly 90 percent of all units in the US and Canada manufactured there or in the surrounding area, according to the
Federal Reserve Chair Jerome Powell finds himself in a place no central banker wants to be: working to avert a credit crunch, which calls for looser monetary policy, while fighting high inflation, which demands the opposite. Strains in the banking industry, which followed the collapse of three midsize lenders this spring, help explain why some
The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal Reserve’s aggressive credit tightening. Data from the Bureau of