Source: EconomyInside the White House, there is still optimism: “President Biden was elected to a four-year…
Categorie: Politico.com – Economy
Price spikes threaten to ground Biden’s big-spending plans
Source: EconomyThe government reported on Wednesday that the consumer price index, the most widely watched gauge…
U.S. consumer prices soared 7 percent in past year, most since 1982
Source: EconomyThe jump is the latest evidence that rising costs for food, rent and other necessities…
Powell’s warning to Congress: Inflation a ‘severe threat’ to jobs
Source: EconomyThe potential clash over the Fed’s plans to tighten monetary policy could be a harbinger…
Powell was called on to save the economy. His next challenge will be even tougher.
Source: EconomyHeightened frustration among Americans about soaring prices is fueling congressional pressure on the Fed chief…
U.S. unemployment claims drop to 198,000
Source: EconomyThe four-week average, which smooths out week-to-week volatility, fell to just above 199,000, the lowest…
Despite supply issues and Omicron, holiday sales rise 8.5%
Source: EconomyThe results, which covered Nov. 1 through Dec. 24, were fueled by purchases of clothing…
Fed clears path for multiple rate hikes during election year as prices surge
Source: EconomyThe Fed plans to cease its bond buys entirely by March, rather than its earlier…
Health spending growth more than doubled in first year of pandemic
Source: EconomyNearly the entire increase came from the burst of federal spending as the government mobilized…
Inflation accelerates at lightning pace in new setback for Biden
Source: EconomyCosts for key goods and services soared 0.8 percent for the month and 6.8 percent…