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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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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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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Labor shortage, inflation pose political obstacles for Biden

Labor shortage, inflation pose political obstacles for Biden

This post was originally published on this siteMillions of Americans have yet to return to work after dropping out of the labor market amid the onset of the pandemic, posing serious political obstacles for President Biden as he rushes to cement his economic agenda. Though the U.S. economy…

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Inflation Sets Off Alarms Around the World

Inflation Sets Off Alarms Around the World

This post was originally published on this siteMore than a dozen central banks have raised interest rates but two that haven’t are those that loom largest over the global economy: the Federal Reserve and the European Central Bank.

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Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes

Social Security cost-of-living increase will boost benefits 5.9% in 2022 as inflation spikes

This post was originally published on this siteSocial Security payments are set to rise 5.9% in 2022 for 68 million retirees, disabled people and others. That’s the most since 1982.     

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Inflation Likely Stayed High in September

Inflation Likely Stayed High in September

This post was originally published on this siteEconomists estimate inflation rose 5.3% in September from a year earlier as pandemic-related shortages of labor and materials continued to push up prices.

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