Tag: economy
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US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.
US inflation hits its lowest point since early 2021 as prices ease for gas, groceries and used cars
Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
President touts ‘Bidenomics’ though new poll shows just 34% approve his handling of the economy
President Joe Biden made his pitch Wednesday to a skeptical public that the U.S. economy is thriving under what he now touts as “Bidenomics” -- even as a new poll showed that could be a hard sell as the foundation for his 2024 reelection campaign.
Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?
The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year.
Biden is eager to run on the economy — ‘Bidenomics’ — but voters have their doubts
President Joe Biden is eager to take full political ownership of the U.S. economy — a reflection of the White House belief that inflation is fading, job growth is solid and voters need to know about it.
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