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 10 Why U.S. inflation is so high, and when it may ease By Paul Wiseman, Associated Press For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn't stay long. Yet as any American who has bought a carton… Continue reading
Dec 01 WATCH: Biden gives remarks on White House efforts to strengthen the nation’s supply chains By Associated Press U.S. President Joe Biden says the American economy and supply chains are heading into the holiday season in "very strong shape."… Continue reading
Dec 01 WATCH: Fed Chair Jerome Powell ‘not at all sure’ inflation will fade next year By Chris Rugaber, Associated Press In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect. Continue reading
Nov 16 Biden plan to run Los Angeles port 24/7 to break supply chain backlog falls short By Michael R. Blood, Associated Press Port of Los Angeles Executive Director Gene Seroka said Tuesday the facility has "24/7 capability," but a shortage of truck drivers and nighttime warehouse workers pose problems. Continue reading
Nov 10 Watch 9:16 What’s driving U.S. inflation and how price pressures could be reduced By Lisa Desjardins, Amber Partida New numbers show an inflationary wave is still building in the U.S. economy. The labor department reports consumer prices jumped more than six percent in October as compared to a year ago — the biggest increase in 31 years. Catherine… Continue watching
Nov 10 How the supply chain caused current inflation, and why it might be here to stay By Craig Austin, The Conversation Inflation soared 6.2% in October from a year earlier, the fastest pace since 1990. Continue reading
Nov 10 How the pandemic has affected the economy, from empty shelves to higher prices By Alberto Cavallo, Oleksiy Kryvtsov, Econofact COVID supply disruptions, evident in product shortages at the retail level, were an important driver of inflation a year after the start of the crisis. Continue reading
Nov 10 WATCH: Biden says infrastructure bill will ease economy woes with time By Josh Boak, Colleen Long, Associated Press President Joe Biden touted his $1 trillion infrastructure plan Wednesday as an eventual fix for the nation's inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin. Continue reading
Nov 03 Supply chain delays stifle shipments for California farmers By Adam Beam, Associated Press Intense demand for products has led to a backlog of container ships outside the nation's two largest ports along the Southern California coast. Continue reading