Tag: economy

Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.

Heading into a critical midterm election year, the top political concerns of Americans are shifting in ways that suggest Democrats face considerable challenges to maintaining their control of Congress.

As California contemplates how to create more and better high-paying jobs, our dominance in high-technology industries provides a unique set of tools to provide residents with economic opportunity. But the Golden State risks squandering its advantages without new approaches to developing and retaining innovative talent, particularly as high-tech industries are drawn to incentives in other locations.

Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring, while also raising uncertainty about inflation.

Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall.