Walmart Rings More Alarm Bells for the US Economy

Walmart Rings More Alarm Bells for the US Economy

This post was originally published on this siteShoppers are growing nervous. If the world’s largest retailer is struggling, the rest of the consumer sector is going to hurt even worse.

Read more
White House downplays recession fears ahead of upcoming GDP report

White House downplays recession fears ahead of upcoming GDP report

This post was originally published on this sitePresident Joe Biden’s advisers are downplaying recession fears ahead of a highly anticipated report that could show the economy shrinking for a second consecutive quarter.

Read more
Crypto Is Sticking Its Nose Into US Economic Woes

Crypto Is Sticking Its Nose Into US Economic Woes

This post was originally published on this siteDigital currencies have enough juice now to influence inflation, housing and the labor market.

Read more
Manchin: Inflation ‘now poses a clear and present danger to our economy’

Manchin: Inflation ‘now poses a clear and present danger to our economy’

This post was originally published on this site  window.loadAnvato({“mcp”:”LIN”,”width”:”100%”,”height”:”100%”,”video”:”7831197″,”autoplay”:false,”expect_preroll”:true,”pInstance”:”p1″,”plugins”:{“comscore”:{“clientId”:”6036439″,”c3″:”thehill.com”,”version”:”5.2.0″,”useDerivedMetadata”:true,”mapping”:{“c3″:”thehill.com”,”ns_st_st”:”hill”,”ns_st_pu”:”Nexstar”,”ns_st_ge”:”Hill.TV”,”cs_ucfr”:””}},”dfp”:{“adTagUrl”:”https://pubads.g.doubleclick.net/gampad/ads?sz=1×1000&iu=/5678/nx.thehill/policy/finance/landing&ciu_szs=300×250&impl=s&gdfp_req=1&env=vp&output=vmap&unviewed_position_start=1&ad_rule=1&description_url=https://thehill.com/policy/finance/feed/&cust_params=vid%3D7831197%26pers_cid%3Dunknown%26vidcat%3D/policy/finance%26bob_ck%3D%26d_code%3D1%26pagetype%3Dsubindex%26hlmeta%3Dpolicy__finance”},”segmentCustom”:{“script”:”https://segment.psg.nexstardigital.net/anvato.js”,”writeKey”:”7pQqdpSKE8rc12w83fBiAoQVD4llInQJ”,”pluginsLoadingTimeout”:12}},”expectPrerollTimeout”:8,”accessKey”:”q261XAmOMdqqRf1p7eCo7IYmO1kyPmMB”,”token”:”eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJ2aWQiOiI3ODMxMTk3IiwiaXNzIjoicTI2MVhBbU9NZHFxUmYxcDdlQ283SVltTzFreVBtTUIiLCJleHAiOjE2NTc3MjkyNjF9.AQD-apOeGZetAc6AD7UtnFlIU4tHemBDO_tGCsbaH9A”,”nxs”:{“mp4Url”:”https://tkx.mp.lura.live/rest/v2/mcp/video/7831197?anvack=q261XAmOMdqqRf1p7eCo7IYmO1kyPmMB&token=%7E6SC6cJIOakS5Py9SY1akX7loGseZvo70MQ%3D%3D”,”enableFloatingPlayer”:true},”disableMutedAutoplay”:false,”recommendations”:true,”expectPreroll”:true,”titleVisible”:true,”pauseOnClick”:true,”trackTimePeriod”:60,”isPermutiveEnabled”:true}); Centrist Sen. Joe Manchin (D-W.Va.) on Wednesday sounded the alarm after the latest inflation report showed a 9.1 percent jump in prices over the past year, saying that the skyrocketing costs now pose “a clear and present danger to our economy.”...

Read more
June inflation data expected to stay hot amid high gas prices

June inflation data expected to stay hot amid high gas prices

This post was originally published on this siteJune inflation data remained hot amid higher gas and energy prices.

Read more
Fed’s Inflation Dashboard Puts More Weight on Volatile Energy, Food Prices

Fed’s Inflation Dashboard Puts More Weight on Volatile Energy, Food Prices

This post was originally published on this siteConcerns that consumers could begin to expect higher inflation to last longer spur a more aggressive rate-rise path.

Read more
Hiring Slowed in June From Robust Pace, Economists Estimate

Hiring Slowed in June From Robust Pace, Economists Estimate

This post was originally published on this siteEconomists estimate that hiring continued at a solid pace in June, but slowed from prior months as the broader economy weakened under the weight of high inflation and rising interest rates.

Read more
US Labor Market Shows No Signs of an Imminent Recession

US Labor Market Shows No Signs of an Imminent Recession

This post was originally published on this siteAmericans are working more hours than before the pandemic, pointing to robust growth rather than a declining economy.

Read more
Corporations’ thirst for profits isn’t to blame for inflation, economists say

Corporations’ thirst for profits isn’t to blame for inflation, economists say

This post was originally published on this siteThere’s growing agreement among economists that companies have become more powerful and more profitable over the past several decades — a fact they say pokes a hole in some lawmakers’ arguments that greed for profits is what’s behind spiking inflation. The logic among...

Read more
Corporate Profits May Be the Next Thing to Break

Corporate Profits May Be the Next Thing to Break

This post was originally published on this siteUS stocks just had their worst half since 1970, but the earnings and interest rate outlooks both signal the potential for more pain.

Read more