As Democrats Look to Tame Inflation, Economists Say It’s Up to Fed
This post was originally published on this siteRapidly rising prices have spurred politicians to explore for the first time in years how much leverage they have.
Inflation Surge Is on Many Executives’ List of 2022 Worries
This post was originally published on this siteNearly 60% of U.S. CEOs expect elevated inflation to continue until at least mid-2023, according to a survey by the Conference Board, with labor shortages their top concern for 2022.
Inflation reaches highest level since 1982 as consumer prices jump 7% in 2021
This post was originally published on this siteConsumer prices rose 7% in 2021, a new 39-year high, as supply chain bottlenecks led tp product shortages and higher costs.
Is Inflation a Microeconomic Problem? That’s What Biden’s Competition Push Is Betting
This post was originally published on this siteEfforts to boost the economy’s supply side such as in meat and shipping might underplay bigger forces, such as excess demand.
Consumer Prices Jumped at Fastest Pace Since 1982
This post was originally published on this siteThe Consumer Price Index increased at the fastest pace in 40 years, a new report showed.
Powell pledges Fed will prevent inflation from becoming ‘entrenched’
This post was originally published on this siteFed Chair Jerome Powell is vowing to prevent the inflation from becoming “entrenched,” as prices rise in the U.S.Powell will tell senators during his confirmation hearing, which begins at 10 a.m. on Tuesday, that the initial shutdown triggered…
Inflation Means Interest Rates Could Rise. Higher Interest Rates Will Make the National Debt More Expensive.
This post was originally published on this site Recent comments from Federal Reserve Chair Jerome Powell hinted that the Fed may soon get serious about hitting the monetary brakes to slow the economy. Until recently, inflation was described as transitory. But at some point, that story has to change. Price...
As Unemployment Falls, Interest Rate Increases Creep Nearer
This post was originally published on this siteThe jobless rate is falling sharply and pay is jumping. That may increase the urgency as the Federal Reserve withdraws economic support.
Rising prices could put Republicans back in power in ‘22
This post was originally published on this site Trucks hauling containers depart from Port Miami, Thursday, Dec. 16, 2021, in Miami. Inflation was a growing concern throughout 2021. Higher raw materials costs and supply chain problems have raised overall costs for businesses, which have raised prices on goods to offset...
White House announces steps to address increases in meat prices
This post was originally published on this siteThe White House on Monday announced plans aimed at addressing rising prices for meat and poultry, including setting aside $1 billion for smaller producers.The Biden administration unveiled its action plan to diversify and strengthen the meat-…
