The White House Says More Government Spending Will Fix Inflation
This post was originally published on this site As American workers grapple with soaring inflation—the consumer price index rose 6.2 percent since last October, the largest single-year increase in 30 years—the Biden administration has a plan: spend lots of money. President Joe Biden said this week that the government spending...
U.S. Inflation Likely Reached 30-Year High in October
This post was originally published on this siteEconomists expect the Labor Department to report that the consumer-price index rose 5.9% last month amid pandemic-related supply shortages and continued strength in consumer demand.
Inflation Sped up in October, Economists Expect
This post was originally published on this siteAfter moderating slightly in recent months, inflation is forecast to pick up again. That is bad news for President Biden and the central bank.
