Dems Eye Historic Shift To Taxing Wealth, Not Just Income

Dems Eye Historic Shift To Taxing Wealth, Not Just Income

This post was originally published on this site Democrats are poised to orient the country’s tax system in a whole new direction.

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Fed Prepares to Taper Stimulus Amid More Doubts on Inflation

Fed Prepares to Taper Stimulus Amid More Doubts on Inflation

This post was originally published on this siteFederal Reserve officials are set to wind down their $120 billion-a-month bond-purchase program in November, but questions over how soon inflation pressures will fade are creating more uneasiness inside the central bank.

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Economy Week Ahead: Central Banks, GDP, Consumer Spending

Economy Week Ahead: Central Banks, GDP, Consumer Spending

This post was originally published on this siteGross domestic product data from the U.S. and eurozone this week will show how sharply economic growth slowed in the third quarter.

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Powell Says Supply-Side Constraints Are Creating More Inflation Risk

Powell Says Supply-Side Constraints Are Creating More Inflation Risk

This post was originally published on this siteFederal Reserve Chairman Jerome Powell indicated he is somewhat more concerned about higher inflation and said that the central bank would watch carefully for signs that households and businesses were expecting sustained price pressures to continue.

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Service-Sector Strength Aids Global Growth

Service-Sector Strength Aids Global Growth

This post was originally published on this siteSupply-chain bottlenecks persist, but an easing of the Delta variant of Covid-19 has boosted growth in the U.S., Japan and Australia.

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Supply bottlenecks, labor shortages slowed US growth, says Fed

Supply bottlenecks, labor shortages slowed US growth, says Fed

This post was originally published on this site Supply bottlenecks and labor shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said Wednesday. The constraints and shortage of goods caused “significantly elevated prices” in most areas of the country, the Fed said...

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How Biden’s infrastructure bill could help prevent the next supply chain crisis

How Biden’s infrastructure bill could help prevent the next supply chain crisis

This post was originally published on this siteThere’s no quick fix for the current pandemic-induced supply chain crisis, but the bipartisan infrastructure bill currently held up in Congress would help prepare the complicated system to handle the next disruption.

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Yellen sees stronger labor market after US shakes off ‘shock’ from delta

Yellen sees stronger labor market after US shakes off ‘shock’ from delta

This post was originally published on this siteTreasury Secretary Janet Yellen said in a Wednesday interview that the U.S. economy is on still on track for a strong recovery from the “very unusual shock” of the pandemic despite labor shortages and high inflation.In an interview with MSNBC’s…

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New details on Democratic negotiations to trim back $3.5 trillion spending bill

New details on Democratic negotiations to trim back $3.5 trillion spending bill

This post was originally published on this siteAfter a series of meetings at the White House with lawmakers, new details are emerging about possible cuts to the $3.5 trillion spending bill, in areas like community college tuition and guaranteed paid family leave. Nancy Cordes reports from the White House.

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Supply-Chain Crisis Fuels Latest Retreat From Globalization

Supply-Chain Crisis Fuels Latest Retreat From Globalization

This post was originally published on this siteNothing embodied the promise of globalization more than the humble supply chain, but that is now under siege, threatening to end an era of low costs and endless variety.

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