Despite omicron hurdles, strong economic recovery likely remains on track

Despite omicron hurdles, strong economic recovery likely remains on track

This post was originally published on this siteThe economy has become more resilient to the virus with each new variant. But it’s become clear that the rebound will revolve around pandemic caseloads.

Read more
Joe Biden sets 50-year record for economic improvement in first year of presidency: report

Joe Biden sets 50-year record for economic improvement in first year of presidency: report

This post was originally published on this site The U.S. economy has improved more in President Joe Biden’s first year in office than it has under any president in the last 50 years. Bloomberg’s Matthew A. Winkler made the observation in a column on Monday. “U.S. financial markets are outperforming...

Read more
Holiday season poses major test for Biden economy

Holiday season poses major test for Biden economy

This post was originally published on this siteBlack Friday this week will kick off a crucial stretch for President Biden as the U.S. economy struggles to shake off the limits of the coronavirus pandemic.COVID-19 stifled the regular economic boost of the holiday season in 2020, but retailers and…

Read more
Central Banks Fuel New Bets on Tighter Money as Inflation Rises Globally

Central Banks Fuel New Bets on Tighter Money as Inflation Rises Globally

This post was originally published on this siteStubbornly high inflation across more wealthy economies last week prompted a shakeout in bond markets as investors began expecting policy makers to quickly tighten monetary policy.

Read more
US Economy Slows Sharply in Third Quarter Amid Supply Chain Crisis

US Economy Slows Sharply in Third Quarter Amid Supply Chain Crisis

This post was originally published on this site By Lucia Mutikani WASHINGTON — The U.S. economy grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. Gross domestic product increased at...

Read more
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…

Read more
Democrats’ Divide: Should Obama-Era Economic Ideas Prevail in 2021?

Democrats’ Divide: Should Obama-Era Economic Ideas Prevail in 2021?

This post was originally published on this siteA more traditional view is competing against a newer approach that has become mainstream among economists.

Read more
Democrats push Biden to take forceful role in bridging party’s sparring factions over agenda

Democrats push Biden to take forceful role in bridging party’s sparring factions over agenda

This post was originally published on this siteHouse Speaker Nancy Pelosi and President Joe Biden spoke by phone last Tuesday and zeroed in on a strategy for their party’s sweeping economic package, deciding that the time has come to wrap up negotiations, several senior officials in both places tell CNN...

Read more
The White House steps in to unclog the overwhelmed shipping industry

The White House steps in to unclog the overwhelmed shipping industry

This post was originally published on this siteGlobal supply chain issues have hampered the economic recovery. The Biden administration is trying to fix some of those issues through deals with the private sector.

Read more