Tag Archives: economy

The Fed is Losing the War Against Inflation

By Allison Morrow, CNN Business New York CNN Business — No one expected the Federal Reserve to be able to smother inflation swiftly. But after seven months of rapidly rising interest rates, the central bank has hardly made a dent. Thursday’s look at the September consumer price data shows we’re

How Resilient are US Consumers? We’ll Soon Find Out

By Vivekanand Jayakumar, The Hill Once again, U.S. consumers are sharply reorienting their spending patterns — the two-year-long pandemic-induced spending splurge on durable goods appears to be waning just as pent-up demand for services takes off. Despite inflation remaining near 40-year highs, overall consumption expenditure in the U.S. remains quite

It’s Biden v. Inflation — and Biden’s Losing

U.S. President Joe Biden arrives for the meeting of European Union (EU) leaders in Brussels, Belgium, March 24, 2022. (Shutterstock) By Liz Peek, The Hill President Biden wants Americans to know: Curbing inflation is his top, top, top priority. He recently penned an op-ed published in the Wall Street Journal

Translate »