U.S. economy is in a ‘period of transition,’ White House economic adviser says

Source: EconomyDespite high inflation, the U.S. is “moving from the strongest economic recovery in modern history…

U.S. inflation hit 8.3% last month but slows from 40-year high

Source: EconomyOn a month-to-month basis, prices rose 0.3% from March to April, a still-elevated rate but…

Fed set to launch fresh assault on inflation in new era for economy

Source: EconomyRates this year could reach their highest levels since before the 2008 Wall Street crash…

Surprise GDP slump undercuts White House recovery story

Source: EconomyThe government said gross domestic product shrank at a 1.4 percent annualized rate in the…

U.S. economy shrank by 1.4 percent in Q1 but consumers kept spending

Source: EconomyThe steady spending suggested the economy could keep expanding this year even though the Federal…

IMF warns of ‘severe’ global economic risk from war in Ukraine

Source: EconomyThe war in Ukraine will “severely” set back the global recovery from Covid-19, according to…

What could go wrong with Biden’s booming economy? Here are the big risks.

Source: EconomyThe Fed’s campaign to raise interest rates — designed to reduce spending and curb inflation…

U.S. inflation jumped 8.5 percent in past year, highest since 1981

Source: EconomyPrices have been driven up by bottlenecked supply chains, robust consumer demand and disruptions to…

Psaki: Student loan borrowers likely to have to pay debt ‘sometime’

Source: EconomyThe Biden administration recently extended a Covid-related pause on repayments.Read More

Biden’s mounting midterm threat: Inflation angst outweighing historic job growth

Source: EconomyWhite House officials deny any sense of panic over the economy or their midterm chances.Read…

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