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.”...

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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.

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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.

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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.

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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.

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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...

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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.

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Consumers’ Inflation Psychology  Worries Fed

Consumers’ Inflation Psychology Worries Fed

This post was originally published on this siteFederal Reserve officials have indicated they accept the risks of causing a recession because they are determined to prevent something they view as worse: a change in consumer psychology that could sustain high inflation.

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Small Businesses Are Flashing a Recession Warning Signal

Small Businesses Are Flashing a Recession Warning Signal

This post was originally published on this siteA Q&A with William Dunkelberg, chief economist at the National Federation of Independent Business, who is forecasting a 70% probability of a downturn in the next year.

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Pessimism about the economy is growing, a U.S. poll shows.

Pessimism about the economy is growing, a U.S. poll shows.

This post was originally published on this siteRoughly half of those surveyed say they are worse off financially than a year ago, and most disapprove of President Biden’s handling of inflation.

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