Category: Economy
U.S. inflation hit 8.3% last month but slows from 40-year high
Nationally, the price of a gallon of regular gas has reached a record $4.40, according to AAA, though that figure isn’t adjusted for inflation. The h [...]
Fed set to launch fresh assault on inflation in new era for economy
Rates this year could reach their highest levels since before the 2008 Wall Street crash if surging prices continue. That prospect has sent stocks sl [...]
The Biden boom turns into a GDP bust
In the latest Gallup poll released Wednesday, 4 in 5 adults rated current economic conditions as only fair or poor, and more than three-quarters of A [...]
U.S. economy shrank by 1.4 percent in Q1 but consumers kept spending
The economy is facing pressures that have heightened worries about its fundamental health and raised concerns about a possible recession. Inflation i [...]
IMF warns of ‘severe’ global economic risk from war in Ukraine
“In the matter of a few weeks, the world has yet again experienced a major, transformative shock,” Gourinchas said. “Just as a durable recovery from [...]
What could go wrong with Biden’s booming economy? Here are the big risks.
With the U.S. government reporting this week that inflation has hit a four-decade high and the Fed cranking up its efforts to drive down prices, Pres [...]
U.S. inflation jumped 8.5 percent in past year, highest since 1981
The government’s report also showed that inflation rose 1.2 percent from February to March, up from a 0.8 percent increase from January to February.
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Biden’s mounting midterm threat: Inflation angst outweighing historic job growth
Polls show some two-thirds of Americans view the country as being on the wrong track. Biden’s disapproval rating on the economy stands at 58 percent, [...]
Where are the bank cops? Biden struggles to fill top regulatory jobs
The result is that regulators have done little to reverse what many Democrats saw as a weakening of the guardrails around banks during the Trump admi [...]
Opinion | When It Comes to Inflation, Our Focus Should Be On the Cost of Housing
As CEO of Habitat for Humanity International, I’ve seen firsthand how rising housing costs are making it increasingly difficult for hard-working fami [...]
U.S. inflation soared 7.9 percent in past year, a fresh 40-year high
The government’s report Thursday also showed that inflation rose 0.8 percent from January to February, up from the 0.6 percent increase from December [...]
Russia oil shock looms over Fed inflation fight
It could also shred the forecasts of Fed Chair Jerome Powell and other policymakers — and the hopes of the Biden White House — that price increases m [...]
Biden takes victory lap with January jobs report
Biden said that with Friday’s news, the economy has added more than 6.6 million jobs over his first year in office.
“If you can't remember another ye [...]
U.S. employers shrug off Omicron, add 467,000 jobs in January
A recruiter talks to job seeker during a job fair at Hard Rock Stadium in Miami Gardens, Fla. | Marta Lavandier/AP Photo
By Associated Press
02/0 [...]
Opinion | Here’s How to Save Minority-Owned Banks From Extinction
Lost in the middle are those of us who believe that providing financial services to people who live in more modest and minority communities requires [...]