Category: Economy
Biden’s war on inflation is a battle to change human behavior
The consumer shift from services to goods over the past 18 months is at the center of a 31-year high in inflation, stoked by massive supply chain [...]
Will inflation ease by next November? That depends on Covid, Yellen says
"You know, when the economy recovers enough from Covid, the demand patterns, people go back to eating out, traveling more, spending more on servic [...]
Biden's ‘I feel your pain’ conundrum
It’s tripped up the last two Democratic presidents and could trip up Biden too: How to sell a recovery when most voters aren’t feeling it.
www.p [...]
Investors sour on cannabis after Democrats fail to help industry
One big reason for the financial doldrums is that Congress and the Biden administration have done nothing to ease marijuana restrictions, despite [...]
‘Back into gear’: Solid jobs report boosts Biden’s case for recovery
“Yes, there’s a lot more to be done. We still have to tackle the costs that American families are facing,” Biden said at the White House on Friday [...]
Fed set to begin pulling plug on massive aid to economy
The Federal Reserve has been buying $120 billion a month in U.S. government debt and mortgage-backed securities | Patrick Semansky/AP Photo
Th [...]
Specter of interest rate hikes looms over election-year campaigns
Weaker-than-projected economic growth in the last quarter, a jobs slowdown and supply chain snags that are likely to continue deep into next year [...]
Trouble ahead for Dems: A barrage of attacks over the economy
Republicans plan to put economic issues front and center in the 2022 midterm campaigns by highlighting the soaring price of gasoline and some groc [...]
U.S. economy slowed to a 2% rate last quarter in face of Covid
Airlines have reported growing passenger traffic, businesses are spending more on equipment and wages are increasing as employers struggle to draw [...]
Yellen expects inflation to linger, then ease later in 2022
She named health and child care concerns as two reasons why "many firms are experiencing a shortage of labor." And shutdowns related to Covid-19 i [...]
Opinion | Workers Are Getting Scammed. Biden Can Do Something About It.
This exploitation reflects the troubling emergence of a new threat to Americans already struggling to make ends meet: debt imposed by companies on [...]
Six things to know about the debt ceiling crisis
Six things to know about the debt ceiling crisis
www.politico.com [...]
The political peril that Biden didn’t see coming
That prospect has heightened concern among Democrats about the potential political fallout, and the administration has scrambled to address some o [...]
Opinion | What the Supply Chain Crisis Reveals About American Infrastructure
As part of a push to get our logistics unstuck, the president is prodding the Port of Los Angeles, one of the most important in the country, to op [...]
Wall Street’s wild party in jeopardy as Fed threatens aid cutoff
The central bank's pullback has sparked jitters in financial markets, with the benchmark S&P 500 stock index in September recording its worst [...]