Jan 11 WATCH: Federal Reserve chair Jerome Powell says inflation poses a major threat to job market By Christopher Rugaber, Associated Press Federal officials have forecast three increases in the their benchmark short-term rate this year, though some economists say they envision four rate hikes in 2022. Continue reading
Jan 10 Voter concerns for inflation go up while COVID-19 worries come down, says AP-NORC poll By Will Weissert, Hannah Fingerhut, Associated Press The pandemic has receded as a top priority in many voters' minds to start 2022, with the economy and rising worries about inflation overshadowing coronavirus concerns. Continue reading
Jan 03 WATCH: Biden meets with independent farmers and ranchers about competition in the meat industry By Josh Boak, Associated Press Biden met virtually with independent farmers and ranchers on Monday to discuss initiatives to reduce food prices by increasing competition within the meat industry. Continue reading
Dec 22 Why Build Back Better likely wouldn't drive up inflation, according to an economist By Michael W. Klein, The Conversation One of Sen. Joe Manchin’s main concerns in deciding to pull his support for President Joe Biden’s Build Back Better plan is that it would drive up inflation. Here’s why one economist thinks those concerns are misguided. Continue reading
Dec 20 Low-income shoppers face inflation squeeze for holiday budgets By Anne D'Innocenzio Retailers expect record-breaking sales for the holiday shopping season, but low-income customers are struggling as they bear the brunt of the highest inflation in 39 years. Continue reading
Dec 15 Fed will tighten credit faster and sees 3 rate hikes in 2022 amid inflationary pressure By Christopher Rugaber, Associated Press In an abrupt policy shift, the Fed announced Wednesday that it will shrink its monthly bond purchases at twice the pace it previously announced, likely ending them altogether in March. Continue reading
Dec 12 Inflation is painfully high, but some relief may be coming By Stan Choe, Cathy Bussewitz, Associated Press Prices have dropped on global markets for crude oil and natural gas, which is filtering into lower prices at the pump and for home heating. That should keep inflation somewhat in check, even if prices keep rising elsewhere in the… Continue reading
Dec 12 Will new bacon law begin? California grocers seek delay By Scott McFetridge, Associated Press Since voters approved Proposition 12 by a 2-to-1 ratio in November 2018, state officials have missed deadlines for releasing specific regulations covering the humane treatment of animals that provide meat for the California market. Continue reading
Dec 10 Watch 5:35 How the WH plans to tackle inflation, and how the Build Back Better bill may ease pressure New data released by the U.S. Department of Labor Friday show consumer prices are surging at a rate not seen in almost four decades. Inflation is up 6.8 percent in November as compared to last year, due in large part… Continue watching
Dec 10 Watch 12:05 Brooks and Capehart on Bob Dole legacy, threats to democracy, inflation New York Times columnist David Brooks and Washington Post columnist Jonathan Capehart join Judy Woodruff to discuss the week in politics, including the state of the economy with rising inflation, the legacy of the late former Sen. Bob Dole and… Continue watching