The squeeze stemmed from higher prices across a range of products and services, including cars, gasoline,…
Tag: US economy
US inflation hits 40-year high
The Labor Department said Thursday that the consumer-price index – which measures what consumers pay for…
US inflation rose 7.5% in last one year, highest in 40 years
Image Source: AP Gas prices are seen at a Mobil gas station in Vernon Hills, Ill.,…
US economy sees strong growth at the end of 2021
Economic growth reached a 6.9% annual rate in the fourth quarter. But it seems to have…
Fed flags rate hike ‘soon’, plans to shrink balance sheet ‘significantly’
Washington : The Federal Reserve indicated on Wednesday that it may raise US interest rates in…
Wall Street’s big wage hike makes US Fed’s job harder
For more than a year, an egalitarian narrative dominated the discussion about wages in America. Low-income…
US inflation hits 40-year high, President Biden putting pressure on consumers
Prices for cars, gas, food and furniture rose sharply in 2021 as part of a rapid…
US consumer prices to rise 7% in 2021, fastest pace since June 1982
US consumer prices rose at the fastest pace in four decades in 2021, the government announced…
IMF caution note
A blog published on Monday by the International Monetary Fund has a cautionary note for emerging…