What is the Inflation Reduction Act?

What is the Inflation Reduction Act?

This post was originally published on this site Last week US Senator Joe Manchin and Majority Leader Chuck Schumer unexpectedly announced the reconciliation bill that had been declared dead was back. US Senator Kyrsten Sinema and various conservative Democrats could still decide to blow it up. But if all goes...

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Fed poised to hike rates by three-quarters of a percentage point to fight inflation

Fed poised to hike rates by three-quarters of a percentage point to fight inflation

This post was originally published on this siteThe increase will be the Fed’s fourth rate hike to help cool down the economy and lower prices, which are surging at 40-year highs.

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Democrats warn Fed’s rate hikes may trigger recession

Democrats warn Fed’s rate hikes may trigger recession

This post was originally published on this siteSenate Democrats are calling on the Federal Reserve to proceed cautiously on raising interest rates when board members meet this week, warning that fighting inflation too aggressively could hurt the economy. Gross domestic product (GDP) data for the second quarter will be published...

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Walmart Rings More Alarm Bells for the US Economy

Walmart Rings More Alarm Bells for the US Economy

This post was originally published on this siteShoppers are growing nervous. If the world’s largest retailer is struggling, the rest of the consumer sector is going to hurt even worse.

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White House downplays recession fears ahead of upcoming GDP report

White House downplays recession fears ahead of upcoming GDP report

This post was originally published on this sitePresident Joe Biden’s advisers are downplaying recession fears ahead of a highly anticipated report that could show the economy shrinking for a second consecutive quarter.

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Crypto Is Sticking Its Nose Into US Economic Woes

Crypto Is Sticking Its Nose Into US Economic Woes

This post was originally published on this siteDigital currencies have enough juice now to influence inflation, housing and the labor market.

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Manchin: Inflation ‘now poses a clear and present danger to our economy’

Manchin: Inflation ‘now poses a clear and present danger to our economy’

This post was originally published on this site  window.loadAnvato({“mcp”:”LIN”,”width”:”100%”,”height”:”100%”,”video”:”7831197″,”autoplay”:false,”expect_preroll”:true,”pInstance”:”p1″,”plugins”:{“comscore”:{“clientId”:”6036439″,”c3″:”thehill.com”,”version”:”5.2.0″,”useDerivedMetadata”:true,”mapping”:{“c3″:”thehill.com”,”ns_st_st”:”hill”,”ns_st_pu”:”Nexstar”,”ns_st_ge”:”Hill.TV”,”cs_ucfr”:””}},”dfp”:{“adTagUrl”:”https://pubads.g.doubleclick.net/gampad/ads?sz=1×1000&iu=/5678/nx.thehill/policy/finance/landing&ciu_szs=300×250&impl=s&gdfp_req=1&env=vp&output=vmap&unviewed_position_start=1&ad_rule=1&description_url=https://thehill.com/policy/finance/feed/&cust_params=vid%3D7831197%26pers_cid%3Dunknown%26vidcat%3D/policy/finance%26bob_ck%3D%26d_code%3D1%26pagetype%3Dsubindex%26hlmeta%3Dpolicy__finance”},”segmentCustom”:{“script”:”https://segment.psg.nexstardigital.net/anvato.js”,”writeKey”:”7pQqdpSKE8rc12w83fBiAoQVD4llInQJ”,”pluginsLoadingTimeout”:12}},”expectPrerollTimeout”:8,”accessKey”:”q261XAmOMdqqRf1p7eCo7IYmO1kyPmMB”,”token”:”eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJ2aWQiOiI3ODMxMTk3IiwiaXNzIjoicTI2MVhBbU9NZHFxUmYxcDdlQ283SVltTzFreVBtTUIiLCJleHAiOjE2NTc3MjkyNjF9.AQD-apOeGZetAc6AD7UtnFlIU4tHemBDO_tGCsbaH9A”,”nxs”:{“mp4Url”:”https://tkx.mp.lura.live/rest/v2/mcp/video/7831197?anvack=q261XAmOMdqqRf1p7eCo7IYmO1kyPmMB&token=%7E6SC6cJIOakS5Py9SY1akX7loGseZvo70MQ%3D%3D”,”enableFloatingPlayer”:true},”disableMutedAutoplay”:false,”recommendations”:true,”expectPreroll”:true,”titleVisible”:true,”pauseOnClick”:true,”trackTimePeriod”:60,”isPermutiveEnabled”:true}); Centrist Sen. Joe Manchin (D-W.Va.) on Wednesday sounded the alarm after the latest inflation report showed a 9.1 percent jump in prices over the past year, saying that the skyrocketing costs now pose “a clear and present danger to our economy.”...

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June inflation data expected to stay hot amid high gas prices

June inflation data expected to stay hot amid high gas prices

This post was originally published on this siteJune inflation data remained hot amid higher gas and energy prices.

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Fed’s Inflation Dashboard Puts More Weight on Volatile Energy, Food Prices

Fed’s Inflation Dashboard Puts More Weight on Volatile Energy, Food Prices

This post was originally published on this siteConcerns that consumers could begin to expect higher inflation to last longer spur a more aggressive rate-rise path.

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