Category: Economy
U.S. economy shrinks again, creating new headwind for Biden
But Republicans are poised to cast aside all the economic technicalities and bash Democratic candidates up and down the midterm ballot over an econom [...]
Fed hikes interest rates again in effort to curb inflation
Fed hikes interest rates again in effort to curb inflation
www.politico.com [...]
Pay raises are getting smaller. That could be a good thing for workers.
“If we have a wage-price spiral, the Fed really has to slam on the brakes,” said Dean Baker, a senior economist at the progressive Center for Economi [...]
U.S. inflation reached a new 40-year high in June of 9.1%
Gas prices are displayed at a filling station in Philadelphia, Tuesday, July 12, 2022. | Matt Rourke/AP Photo
By Associated Press
07/13/2022 08:5 [...]
‘The program is working’: Biden touts 372,000 jobs added
‘The program is working’: Biden touts 372,000 jobs added
www.politico.com [...]
No recession here: Hot jobs market tames fears of slump
Robust job growth has been one of the few bright spots for Biden on a darkening economic horizon, and administration officials have repeatedly touted [...]
Fed announces supersized interest rate hike
The Federal Reserve on Wednesday announced an interest rate hike of three-quarters of a percentage point, the largest increase in borrowing costs in [...]
Recession fears grow as Fed mulls amping up fight against inflation
What’s driven the Fed to consider cranking up borrowing costs was an inflation report that defied expectations by coming in hotter than expected, as [...]
Biden highlights cuts to federal deficit, calls out GOP ‘reckless spending’ claims
Biden highlights cuts to federal deficit, calls out GOP ‘reckless spending’ claims
www.politico.com [...]
U.S. inflation hit a new 40-year high last month of 8.6 percent
America’s rampant inflation is imposing severe pressures on families, forcing them to pay much more for food, gas and rent and reducing their abilit [...]
At Summit of the Americas, Biden details new Latin America economic plan
At Summit of the Americas, Biden details new Latin America economic plan
www.politico.com [...]
Harris announces initiative to empower women economically in northern Central America
Harris announces initiative to empower women economically in northern Central America
www.politico.com [...]
RIP Davos Man, long live globalization
No longer. Today political risk is multiplying and power is decentralizing, changing globalization with it.
These tensions were on full display in Da [...]
China’s fragility feeds the doom-mongers in Davos
This time round, Xi, who has not left China since the coronavirus pandemic erupted two-and-a-half years ago, did not even dial in for a Zoom call.
Fo [...]
U.S. economy is in a ‘period of transition,’ White House economic adviser says
Ongoing inflation — the highest America has seen since the 1980s — has not only hit many American consumers hard but also put a damper on the politic [...]