In the U.S., a big reason why inflation remains above the Fed’s target is that distortions stemming from the pandemic are still keeping prices elevated.
economy
Posted inBusiness, Uncategorized
In one North Carolina county, it’s ‘growth, growth, growth.’ But will Biden reap the benefit?
That same economic story is being replicated in a number of other critical battleground states, including Arizona and Georgia.
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Posted inBusiness, Nation & World, News
Major retailers are offering summer deals to entice inflation-weary shoppers
Target, Walmart and other chains have rolled out price cuts – some permanent, others temporary – with the stated aim of giving their customers some relief.
Posted inBusiness
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
Posted inNation & World, News, Politics
Voters prefer Trump over Biden on economy. This data shows why
In an April poll, respondents said by 51% to 32% they were doing better financially under Trump than Biden.
Posted inBusiness, Nation & World, News
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Remarkably resilient spending by U.S. consumers overall has been one of the main reasons the economy has avoided a recession, at least so far.
Posted inBusiness
U.S. employers scaled back hiring in April. How that could let Fed cut interest rates
The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
Posted inBusiness, Nation & World, News
Yellen says threats to democracy risk U.S. economic growth, an indirect jab at Trump
Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president’s vision of achieving growth by slashing taxes.
Posted inBusiness, Nation & World, News
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
Posted inBusiness, Nation & World
Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts
As wealth is disproportionately held by older Americans, its older Americans who are fueling a sustained boost to the U.S. economy.